IWLG vs. GARY

Last updated Aug 5, 2026

IWLG (NYLI Winslow Large Cap Growth ETF) and GARY (Mango Growth ETF) are both Large Cap Growth Equities funds. Both are actively managed. Their correlation of 0.86 means they have usually moved in the same direction. IWLG charges 0.50%/yr vs 0.77%/yr for GARY.

Performance

IWLG vs. GARY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYLI Winslow Large Cap Growth ETF (IWLG) and Mango Growth ETF (GARY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWLG achieves a 5.56% return, which is significantly lower than GARY's 33.22% return.

IWLG

• 1D: 2.81%
• 1M: 3.33%
• 6M: 10.45%
• YTD: 5.56%
• 1Y: 9.25%
• 3Y*: 21.69%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.63%

GARY

• 1D: 3.79%
• 1M: 1.49%
• 6M: 23.37%
• YTD: 33.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GARY Mango Growth ETF	$638.44K	$390.10K	$309.99K
IWLG NYLI Winslow Large Cap Growth ETF	$1.72M	$1.42M	$1.37M

IWLG vs. GARY - Yearly Performance Comparison

	2026 (YTD)	2025
IWLG NYLI Winslow Large Cap Growth ETF	5.56%	-0.02%
GARY Mango Growth ETF	33.22%	0.15%

Correlation

The correlation between IWLG and GARY is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 22, 2025	0.86

Return for Risk

IWLG vs. GARY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IWLG

IWLG Risk / Return Rank: 19
IWLG Sharpe Ratio Rank: 21
IWLG Sortino Ratio Rank: 20
IWLG Omega Ratio Rank: 20
IWLG Calmar Ratio Rank: 18
IWLG Martin Ratio Rank: 19

GARY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IWLG vs. GARY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYLI Winslow Large Cap Growth ETF (IWLG) and Mango Growth ETF (GARY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IWLG	GARY	Difference
Sharpe ratio: Return per unit of total volatility	0.49	—	—
Sortino ratio: Return per unit of downside risk	0.80	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	0.48	—	—
Martin ratio: Return relative to average drawdown	1.39	—	—

Drawdowns

IWLG vs. GARY - Drawdown Comparison

The maximum IWLG drawdown since its inception was -23.19%, which is greater than GARY's maximum drawdown of -12.67%. Use the drawdown chart below to compare losses from any high point for IWLG and GARY.

Drawdown Indicators

	IWLG	GARY	Difference
Max Drawdown Largest peak-to-trough decline	-23.19%	-12.67%	-10.52%
Max Drawdown (1Y) Largest decline over 1 year	-19.45%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.19%	—	—
Current Drawdown Current decline from peak	-1.42%	-2.90%	+1.48%
Average Drawdown Average peak-to-trough decline	-4.56%	-2.43%	-2.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.67%	—	—

Volatility

Volatility by Period

	IWLG	GARY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.47%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.88%	22.81%	-3.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.20%	22.81%	-1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.20%	22.81%	-1.61%

IWLG vs. GARY - Expense Ratio Comparison

IWLG has a 0.50% expense ratio, which is lower than GARY's 0.77% expense ratio.

Dividends

IWLG vs. GARY - Dividend Comparison

IWLG has not paid dividends to shareholders, while GARY's dividend yield for the trailing twelve months is around 0.04%.

Position	TTM	2025	2024	2023	2022
GARY Mango Growth ETF	0.04%	0.05%	0.00%	0.00%	0.00%
IWLG NYLI Winslow Large Cap Growth ETF	0.00%	0.00%	1.34%	0.01%	0.05%

Frequently Asked Questions

Can I hold both IWLG and GARY in my portfolio?

IWLG and GARY have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWLG or GARY?

On fees, IWLG is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWLG or GARY?

IWLG is cheaper with a 0.50% expense ratio, compared with 0.77% for GARY.

Which ETF pays a higher dividend yield, IWLG or GARY?

GARY has the higher dividend yield at 0.04%, compared with 0.00% for IWLG.

What is the main difference between IWLG and GARY?

They also come from different issuers: NYLI and Mango. Their fees differ too: 0.50% for IWLG and 0.77% for GARY.