AGQI vs. GABF

Last updated Aug 5, 2026

AGQI (First Trust Active Global Quality Income ETF) and GABF (Gabelli Financial Services Opportunities ETF) are both exchange-traded funds - AGQI is a Quality Factor fund actively managed by First Trust, while GABF is a Financials Equities fund actively managed by Gabelli. Both are actively managed. Over the past year, AGQI returned 23.90% vs 0.88% for GABF. Their 0.59 correlation means they have sometimes moved together and sometimes differently. AGQI charges 0.85%/yr vs 0.10%/yr for GABF.

Performance

AGQI vs. GABF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Active Global Quality Income ETF (AGQI) and Gabelli Financial Services Opportunities ETF (GABF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGQI achieves a 15.34% return, which is significantly higher than GABF's 1.40% return.

AGQI

• 1D: 1.09%
• 1M: 3.24%
• 6M: 8.33%
• YTD: 15.34%
• 1Y: 23.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.20%

GABF

• 1D: 1.25%
• 1M: 3.29%
• 6M: 4.01%
• YTD: 1.40%
• 1Y: 0.88%
• 3Y*: 20.39%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.23%

*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)
AGQI First Trust Active Global Quality Income ETF	$94.14K	$67.18K	$59.80K
GABF Gabelli Financial Services Opportunities ETF	$110.96K	$102.83K	$192.35K

AGQI vs. GABF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AGQI First Trust Active Global Quality Income ETF	15.34%	26.67%	2.98%	4.43%
GABF Gabelli Financial Services Opportunities ETF	1.40%	3.60%	44.38%	11.36%

Correlation

The correlation between AGQI and GABF is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023	0.59

The correlation between AGQI and GABF has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.

AGQI vs. GABF - Sectors Allocation Comparison

Sectors	AGQI	GABF
Technology	21.6%	5.2%
Financial Services	15.4%	85.6%
Consumer Defensive	14.3%	-
Industrials	12.5%	4.9%
Consumer Cyclical	12.3%	-
Healthcare	6.7%	-
Communication Services	6.1%	-
Basic Materials	4.8%	-
Energy	4.0%	-
Utilities	2.2%	-
Real Estate	-	4.3%

Return for Risk

AGQI vs. GABF — Risk / Return Rank

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

AGQI

AGQI Risk / Return Rank: 72
AGQI Sharpe Ratio Rank: 76
AGQI Sortino Ratio Rank: 73
AGQI Omega Ratio Rank: 76
AGQI Calmar Ratio Rank: 66
AGQI Martin Ratio Rank: 67

GABF

GABF Risk / Return Rank: 11
GABF Sharpe Ratio Rank: 11
GABF Sortino Ratio Rank: 11
GABF Omega Ratio Rank: 11
GABF Calmar Ratio Rank: 11
GABF Martin Ratio Rank: 11

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.

AGQI vs. GABF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Active Global Quality Income ETF (AGQI) and Gabelli Financial Services Opportunities ETF (GABF). 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.

	AGQI	GABF	Difference
Sharpe ratio: Return per unit of total volatility	1.96	0.05	+1.91
Sortino ratio: Return per unit of downside risk	2.66	0.19	+2.47
Omega ratio: Gain probability vs. loss probability	1.35	1.02	+0.33
Calmar ratio: Return relative to maximum drawdown	2.62	0.05	+2.57
Martin ratio: Return relative to average drawdown	9.24	0.11	+9.12

AGQI vs. GABF - Sharpe Ratio Comparison

The current AGQI Sharpe Ratio is 1.96, which is higher than the GABF Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of AGQI and GABF, 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

AGQI vs. GABF - Drawdown Comparison

The maximum AGQI drawdown since its inception was -14.07%, smaller than the maximum GABF drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for AGQI and GABF.

Drawdown Indicators

	AGQI	GABF	Difference
Max Drawdown Largest peak-to-trough decline	-14.07%	-20.86%	+6.79%
Max Drawdown (1Y) Largest decline over 1 year	-9.15%	-17.16%	+8.01%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.86%	—
Current Drawdown Current decline from peak	0.00%	-3.59%	+3.59%
Average Drawdown Average peak-to-trough decline	-2.12%	-4.97%	+2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	7.90%	-5.31%

Volatility

AGQI vs. GABF - Volatility Comparison

The current volatility for First Trust Active Global Quality Income ETF (AGQI) is 3.75%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 4.95%. This indicates that AGQI experiences smaller price fluctuations and is considered to be less risky than GABF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGQI	GABF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.75%	4.95%	-1.20%
Volatility (6M) Calculated over the trailing 6-month period	10.38%	13.37%	-2.99%
Volatility (1Y) Calculated over the trailing 1-year period	12.30%	17.51%	-5.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.67%	20.39%	-7.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.67%	20.39%	-7.72%

AGQI vs. GABF - Expense Ratio Comparison

AGQI has a 0.85% expense ratio, which is higher than GABF's 0.10% expense ratio.

Dividends

AGQI vs. GABF - Dividend Comparison

AGQI's dividend yield for the trailing twelve months is around 1.66%, less than GABF's 1.94% yield.

Position	TTM	2025	2024	2023	2022
AGQI First Trust Active Global Quality Income ETF	1.66%	2.54%	2.14%	0.14%	0.00%
GABF Gabelli Financial Services Opportunities ETF	1.94%	1.96%	4.19%	4.95%	1.31%

Frequently Asked Questions

Can I hold both AGQI and GABF in my portfolio?

AGQI and GABF have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGQI or GABF?

GABF has higher volatility (4.95%) compared to AGQI (3.75%). In terms of maximum drawdown, AGQI dropped -14.07% vs GABF's -20.86%.

Which ETF is better, AGQI or GABF?

On 1-year performance, AGQI leads with 23.90% vs 0.88% for GABF. On fees, GABF is cheaper at 0.10% per year. On volatility, AGQI has been the lower-risk option at 3.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGQI or GABF?

Over the 1-year period, AGQI has performed better with a 23.90% return vs 0.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGQI or GABF?

GABF is cheaper with a 0.10% expense ratio, compared with 0.85% for AGQI.

Which ETF pays a higher dividend yield, AGQI or GABF?

GABF has the higher dividend yield at 1.94%, compared with 1.66% for AGQI.

What is the main difference between AGQI and GABF?

AGQI is categorized as Quality Factor, while GABF is Financials Equities. They also come from different issuers: First Trust and Gabelli. Their fees differ too: 0.85% for AGQI and 0.10% for GABF.

Which has better risk-adjusted returns?

AGQI currently has the higher Sharpe Ratio (1.96 vs 0.05), 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.