GGT vs IVV
Gabelli MultiMedia Trust vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | GGT | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.70% | 0.03% | |
| AUM | $259M | $907.0B | |
| Dividend Yield | 24.06% | 1.10% | |
| Holdings | 226 | 508 | |
| YTD Return | +11.03% | +12.71% | |
| 1Y Return | +18.69% | +21.89% | |
| 3Y Return (annualized) | +7.03% | +22.08% | |
| 5Y Return (annualized) | -0.89% | +12.96% | |
| Volatility (annualized) | 26.1% | 15.1% | |
| Max Drawdown | -82.7% | -56.5% | |
| Fund Family | Gabelli Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 15, 1994 | May 15, 2000 |
GGT vs IVV Performance
Gabelli MultiMedia Trust (GGT) is a ETF from Gabelli Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GGT returned +18.69% while IVV returned +21.89%. Year to date, GGT is up 11.03% versus a gain of 12.71% for IVV.
Over three years, GGT compounded at +7.03% per year against +22.08% for IVV; over five years the annualized figures are -0.89% and +12.96% respectively. Across the full 24-year window we track, IVV has the edge at +7.00% annualized vs +0.18%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GGT has been the more volatile fund, with annualized monthly volatility of 26.1% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -82.7% for GGT and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GGT charges 1.70% per year while IVV charges 0.03%. On a $10,000 position that is $170 vs $3 annually, a gap of $167 per year that compounds over a long holding period. On income, GGT currently yields 24.06% against 1.10% for IVV.
Holdings Overlap
GGT and IVV share 35 holdings out of 680 unique holdings combined, representing a 13.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GGT or IVV?
GGT has an expense ratio of 1.70% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $167 per year of difference.
Which performed better, GGT or IVV?
Over the past year GGT returned +18.69% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (24 years), GGT annualized +0.18% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, GGT or IVV?
GGT has been the more volatile fund at 26.1% annualized versus 15.1% for IVV. Worst drawdown: GGT -82.7% vs IVV -56.5%.
Should I hold both GGT and IVV?
GGT and IVV have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GGT and IVV?
GGT and IVV share 35 common holdings with a 13.7% weight overlap. Combined, they hold 680 unique securities.
Which pays a higher dividend, GGT or IVV?
GGT yields 24.06% while IVV yields 1.10%, so GGT currently pays the higher dividend yield.
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