ASET vs. GABF
Compare and contrast key facts about FlexShares Real Assets Allocation Index Fund (ASET) and Gabelli Financial Services Opportunities ETF (GABF).
ASET and GABF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ASET is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Real Assets Allocation Total Return. It was launched on Nov 23, 2015. GABF is an actively managed fund by Gabelli. It was launched on May 9, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASET or GABF.
Key characteristics
| ASET | GABF | |
|---|---|---|
| YTD Return | 6.31% | 47.99% |
| 1Y Return | 17.59% | 74.43% |
| Sharpe Ratio | 1.29 | 4.37 |
| Sortino Ratio | 1.88 | 5.73 |
| Omega Ratio | 1.23 | 1.79 |
| Calmar Ratio | 0.83 | 7.50 |
| Martin Ratio | 6.77 | 36.05 |
| Ulcer Index | 2.22% | 2.03% |
| Daily Std Dev | 11.61% | 16.76% |
| Max Drawdown | -36.50% | -17.14% |
| Current Drawdown | -3.82% | -0.10% |
Correlation
The correlation between ASET and GABF is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ASET vs. GABF - Performance Comparison
In the year-to-date period, ASET achieves a 6.31% return, which is significantly lower than GABF's 47.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ASET vs. GABF - Expense Ratio Comparison
ASET has a 0.57% expense ratio, which is higher than GABF's 0.10% expense ratio.
Risk-Adjusted Performance
ASET vs. GABF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Real Assets Allocation Index Fund (ASET) 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.
Dividends
ASET vs. GABF - Dividend Comparison
ASET's dividend yield for the trailing twelve months is around 2.75%, less than GABF's 3.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASET FlexShares Real Assets Allocation Index Fund | 2.75% | 2.88% | 2.70% | 2.49% | 2.08% | 3.08% | 3.04% | 2.26% | 3.29% | 1.11% |
GABF Gabelli Financial Services Opportunities ETF | 3.34% | 4.95% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ASET vs. GABF - Drawdown Comparison
The maximum ASET drawdown since its inception was -36.50%, which is greater than GABF's maximum drawdown of -17.14%. Use the drawdown chart below to compare losses from any high point for ASET and GABF. For additional features, visit the drawdowns tool.
Volatility
ASET vs. GABF - Volatility Comparison
The current volatility for FlexShares Real Assets Allocation Index Fund (ASET) is 2.68%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 7.78%. This indicates that ASET 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.