BBCB vs. GABF
Compare and contrast key facts about JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) and Gabelli Financial Services Opportunities ETF (GABF).
BBCB and GABF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBCB is a passively managed fund by JPMorgan that tracks the performance of the Bloomberg US Corporate Investment Grade. It was launched on Dec 12, 2018. 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: BBCB or GABF.
Key characteristics
| BBCB | GABF | |
|---|---|---|
| YTD Return | 5.71% | 27.56% |
| 1Y Return | 12.80% | 45.62% |
| Sharpe Ratio | 1.84 | 2.82 |
| Daily Std Dev | 6.88% | 16.08% |
| Max Drawdown | -22.48% | -17.14% |
| Current Drawdown | -5.56% | -0.98% |
Correlation
The correlation between BBCB and GABF is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BBCB vs. GABF - Performance Comparison
In the year-to-date period, BBCB achieves a 5.71% return, which is significantly lower than GABF's 27.56% 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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BBCB vs. GABF - Expense Ratio Comparison
BBCB has a 0.09% expense ratio, which is lower than GABF's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BBCB vs. GABF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) 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
BBCB vs. GABF - Dividend Comparison
BBCB's dividend yield for the trailing twelve months is around 4.73%, more than GABF's 3.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BBCB JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF | 4.73% | 4.22% | 3.39% | 3.47% | 4.14% | 5.25% | 0.20% |
GABF Gabelli Financial Services Opportunities ETF | 3.88% | 4.95% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BBCB vs. GABF - Drawdown Comparison
The maximum BBCB drawdown since its inception was -22.48%, which is greater than GABF's maximum drawdown of -17.14%. Use the drawdown chart below to compare losses from any high point for BBCB and GABF. For additional features, visit the drawdowns tool.
Volatility
BBCB vs. GABF - Volatility Comparison
The current volatility for JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) is 1.08%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 4.46%. This indicates that BBCB 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.