VPN vs. GGTL

Last updated Jun 24, 2026

VPN (Global X Data Center REITs & Digital Infrastructure ETF) and GGTL (Gabelli Global Technology Leaders ETF) are both Technology Equities funds. VPN is passively managed, while GGTL is actively managed. Over the past 3 years, VPN returned 35.46%/yr vs 21.46%/yr for GGTL. A 0.68 correlation means they provide meaningful diversification when combined. VPN charges 0.50%/yr vs 0.90%/yr for GGTL.

Performance

VPN vs. GGTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Data Center REITs & Digital Infrastructure ETF (VPN) and Gabelli Global Technology Leaders ETF (GGTL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VPN achieves a 49.19% return, which is significantly higher than GGTL's 23.84% return.

VPN

• 1D: -3.02%
• 1M: 3.31%
• YTD: 49.19%
• 6M: 51.34%
• 1Y: 73.85%
• 3Y*: 35.46%
• 5Y*: 14.82%
• 10Y*: —

GGTL

• 1D: -4.64%
• 1M: 2.58%
• YTD: 23.84%
• 6M: 23.84%
• 1Y: 40.67%
• 3Y*: 21.46%
• 5Y*: —
• 10Y*: —

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

VPN vs. GGTL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VPN Global X Data Center REITs & Digital Infrastructure ETF	49.19%	28.99%	14.92%	18.93%	-28.85%
GGTL Gabelli Global Technology Leaders ETF	23.84%	19.78%	11.07%	18.17%	-16.10%

Correlation

The correlation between VPN and GGTL is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jan 5, 2022	0.68

The correlation between VPN and GGTL has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.

VPN vs. GGTL - Sectors Allocation Comparison

Sectors	VPN	GGTL
Real Estate	58.0%	-
Technology	30.6%	55.5%
Communication Services	10.5%	2.9%
Financial Services	0.9%	-
Basic Materials	-	-
Consumer Cyclical	-	0.9%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	0.1%
Utilities	-	-

Return for Risk

VPN vs. GGTL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VPN

VPN Risk / Return Rank: 89
VPN Sharpe Ratio Rank: 93
VPN Sortino Ratio Rank: 89
VPN Omega Ratio Rank: 87
VPN Calmar Ratio Rank: 92
VPN Martin Ratio Rank: 87

GGTL

GGTL Risk / Return Rank: 76
GGTL Sharpe Ratio Rank: 73
GGTL Sortino Ratio Rank: 67
GGTL Omega Ratio Rank: 73
GGTL Calmar Ratio Rank: 87
GGTL Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VPN vs. GGTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Data Center REITs & Digital Infrastructure ETF (VPN) and Gabelli Global Technology Leaders ETF (GGTL). 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.

	VPN	GGTL	Difference
Sharpe ratio: Return per unit of total volatility	3.19	2.10	+1.09
Sortino ratio: Return per unit of downside risk	3.84	2.75	+1.09
Omega ratio: Gain probability vs. loss probability	1.51	1.39	+0.12
Calmar ratio: Return relative to maximum drawdown	5.76	4.44	+1.32
Martin ratio: Return relative to average drawdown	17.72	15.15	+2.57

VPN vs. GGTL - Sharpe Ratio Comparison

The current VPN Sharpe Ratio is 3.19, which is higher than the GGTL Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of VPN and GGTL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VPN vs. GGTL - Drawdown Comparison

The maximum VPN drawdown since its inception was -38.98%, which is greater than GGTL's maximum drawdown of -23.65%. Use the drawdown chart below to compare losses from any high point for VPN and GGTL.

Drawdown Indicators

	VPN	GGTL	Difference
Max Drawdown Largest peak-to-trough decline	-38.98%	-23.65%	-15.33%
Max Drawdown (1Y) Largest decline over 1 year	-12.89%	-9.20%	-3.69%
Max Drawdown (3Y) Largest decline over 3 years	-24.96%	-21.46%	-3.50%
Max Drawdown (5Y) Largest decline over 5 years	-38.98%	—	—
Current Drawdown Current decline from peak	-3.02%	-4.64%	+1.62%
Average Drawdown Average peak-to-trough decline	-12.28%	-7.40%	-4.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	2.69%	+1.49%

Volatility

VPN vs. GGTL - Volatility Comparison

The current volatility for Global X Data Center REITs & Digital Infrastructure ETF (VPN) is 9.71%, while Gabelli Global Technology Leaders ETF (GGTL) has a volatility of 11.18%. This indicates that VPN experiences smaller price fluctuations and is considered to be less risky than GGTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VPN	GGTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.71%	11.18%	-1.47%
Volatility (6M) Calculated over the trailing 6-month period	18.51%	16.84%	+1.67%
Volatility (1Y) Calculated over the trailing 1-year period	23.26%	19.45%	+3.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.15%	18.19%	+3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.10%	18.19%	+3.91%

VPN vs. GGTL - Expense Ratio Comparison

VPN has a 0.50% expense ratio, which is lower than GGTL's 0.90% expense ratio.

Dividends

VPN vs. GGTL - Dividend Comparison

VPN's dividend yield for the trailing twelve months is around 0.74%, less than GGTL's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
GGTL Gabelli Global Technology Leaders ETF	0.84%	1.04%	0.75%	0.84%	0.78%	0.00%	0.00%
VPN Global X Data Center REITs & Digital Infrastructure ETF	0.74%	1.10%	1.72%	1.18%	2.57%	1.27%	0.30%

Frequently Asked Questions

Can I hold both VPN and GGTL in my portfolio?

VPN and GGTL have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VPN or GGTL?

GGTL has higher volatility (11.18%) compared to VPN (9.71%). In terms of maximum drawdown, VPN dropped -38.98% vs GGTL's -23.65%.

Which ETF is better, VPN or GGTL?

On 3-year performance, VPN leads with 35.46% vs 21.46% for GGTL. On fees, VPN is cheaper at 0.50% per year. On volatility, VPN has been the lower-risk option at 9.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VPN or GGTL?

Over the 3-year period, VPN has performed better with a 35.46% return vs 21.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VPN or GGTL?

VPN is cheaper with a 0.50% expense ratio, compared with 0.90% for GGTL.

Which ETF pays a higher dividend yield, VPN or GGTL?

GGTL has the higher dividend yield at 0.84%, compared with 0.74% for VPN.

What is the main difference between VPN and GGTL?

They also come from different issuers: Global X and Gabelli. Their fees differ too: 0.50% for VPN and 0.90% for GGTL.

Which has better risk-adjusted returns?

VPN currently has the higher Sharpe Ratio (3.19 vs 2.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.