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ETFs

Gabelli Growth Innovators ETF

GGRW
$--
Today’s Change
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Snapshot
*

Inception Date
Feb 16 2021
Expense Ratio
0.90%
Type
US Equities
Fund Owner
GAMCO Investors
Volume (1m avg. daily)
$4,813
AUM
$2,587,200
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View
Invest with GGRW

What is GGRW?

The Fund will primarily invest in common stocks of companies that are relevant to the Fund s investment theme of innovation. The Adviser defines innovation as the introduction of new technologies, products or services that redefines how businesses operate. The Fund seeks to invest in companies whose prospects for earnings growth remain undervalued. The Fund may also invest in foreign securities by investing in American Depositary Receipts.

ETFs related toGGRW

ETFs correlated to GGRW include VUG, TCHP, SCHG

GGRW
Gabelli ETFs Trust - Gabelli Growth Innovators ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
TCHP
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Blue Chip Growth ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
NULG
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Growth ETF
TIME
Capitol Series Trust - Clockwise Core Equity & Innovation ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGGRW

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with GGRW using Composer

FAQ

GGRW is a US Equities ETF. The Fund will primarily invest in common stocks of companies that are relevant to the Fund s investment theme of innovation. The Adviser defines innovation as the introduction of new technologies, products or services that redefines how businesses operate. The Fund seeks to invest in companies whose prospects for earnings growth remain undervalued. The Fund may also invest in foreign securities by investing in American Depositary Receipts.

Yes, GGRW is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, GGRW is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GGRW is -0.0067%. This is the percent change in the value of GGRW over the most recent 1-month period. The 3-month return on GGRW is 0.0023%. This is the percent change in the value of GGRW over the most recent 3-month period.

The standard deviation of GGRW for the past year is 0.2581%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GGRW include SPHQ, DSI, and QUAL.

ETFs correlated to GGRW include VUG, TCHP, and SCHG.

ETFs that are inversely correlated to GGRW include WEBS, QID, and SQQQ.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.