BLES vs. GABF

Last updated Aug 2, 2026

BLES (Inspire Global Hope ETF) and GABF (Gabelli Financial Services Opportunities ETF) are both exchange-traded funds - BLES is a Global Equities fund tracking the Inspire Global Hope Large Cap Equal Weight Index, while GABF is a Financials Equities fund actively managed by Gabelli. BLES is passively managed, while GABF is actively managed. Over the past 3 years, BLES returned 14.13%/yr vs 18.82%/yr for GABF. Their 0.76 correlation means they have sometimes moved together and sometimes differently. BLES charges 0.58%/yr vs 0.10%/yr for GABF.

Performance

BLES vs. GABF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Inspire Global Hope ETF (BLES) 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, BLES achieves a 13.60% return, which is significantly higher than GABF's -1.93% return.

BLES

• 1D: -0.63%
• 1M: 1.44%
• 6M: 8.74%
• YTD: 13.60%
• 1Y: 22.50%
• 3Y*: 14.13%
• 5Y*: 8.01%
• 10Y*: —
• ALL TIME*: 10.20%

GABF

• 1D: 0.06%
• 1M: -0.11%
• 6M: -1.06%
• YTD: -1.93%
• 1Y: -1.61%
• 3Y*: 18.82%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.34%

*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)
BLES Inspire Global Hope ETF	$536.45K	$433.61K	$491.66K
GABF Gabelli Financial Services Opportunities ETF	$95.56K	$89.02K	$204.10K

BLES vs. GABF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BLES Inspire Global Hope ETF	13.60%	19.25%	5.59%	16.47%	0.49%
GABF Gabelli Financial Services Opportunities ETF	-1.93%	3.60%	44.38%	38.92%	-0.04%

Correlation

The correlation between BLES and GABF is 0.62, 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.	0.62
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (All Time) Calculated using the full available price history since May 10, 2022	0.76

The correlation between BLES and GABF shifts across timeframes, from 0.62 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

BLES vs. GABF - Sectors Allocation Comparison

Sectors	BLES	GABF
Industrials	20.7%	4.9%
Technology	17.3%	5.2%
Financial Services	13.0%	85.6%
Basic Materials	9.1%	-
Real Estate	7.9%	4.3%
Healthcare	7.4%	-
Utilities	7.1%	-
Consumer Cyclical	6.5%	-
Energy	5.6%	-
Consumer Defensive	4.5%	-
Communication Services	0.9%	-

Return for Risk

BLES vs. GABF — Risk / Return Rank

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

BLES

BLES Risk / Return Rank: 76
BLES Sharpe Ratio Rank: 76
BLES Sortino Ratio Rank: 77
BLES Omega Ratio Rank: 74
BLES Calmar Ratio Rank: 76
BLES Martin Ratio Rank: 79

GABF

GABF Risk / Return Rank: 7
GABF Sharpe Ratio Rank: 7
GABF Sortino Ratio Rank: 7
GABF Omega Ratio Rank: 7
GABF Calmar Ratio Rank: 7
GABF Martin Ratio Rank: 7

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.

BLES vs. GABF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inspire Global Hope ETF (BLES) 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.

	BLES	GABF	Difference
Sharpe ratio: Return per unit of total volatility	1.74	-0.25	+1.99
Sortino ratio: Return per unit of downside risk	2.47	-0.22	+2.69
Omega ratio: Gain probability vs. loss probability	1.31	0.97	+0.34
Calmar ratio: Return relative to maximum drawdown	2.66	-0.26	+2.92
Martin ratio: Return relative to average drawdown	10.18	-0.56	+10.74

BLES vs. GABF - Sharpe Ratio Comparison

The current BLES Sharpe Ratio is 1.74, which is higher than the GABF Sharpe Ratio of -0.25. The chart below compares the historical Sharpe Ratios of BLES 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

BLES vs. GABF - Drawdown Comparison

The maximum BLES drawdown since its inception was -40.35%, which is greater than GABF's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for BLES and GABF.

Drawdown Indicators

	BLES	GABF	Difference
Max Drawdown Largest peak-to-trough decline	-40.35%	-20.86%	-19.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-17.16%	+8.87%
Max Drawdown (3Y) Largest decline over 3 years	-15.46%	-20.86%	+5.40%
Max Drawdown (5Y) Largest decline over 5 years	-26.61%	—	—
Current Drawdown Current decline from peak	-0.63%	-6.75%	+6.12%
Average Drawdown Average peak-to-trough decline	-5.96%	-4.97%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	7.90%	-5.74%

Volatility

BLES vs. GABF - Volatility Comparison

The current volatility for Inspire Global Hope ETF (BLES) is 2.76%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 4.51%. This indicates that BLES 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

	BLES	GABF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.76%	4.51%	-1.75%
Volatility (6M) Calculated over the trailing 6-month period	10.20%	13.17%	-2.97%
Volatility (1Y) Calculated over the trailing 1-year period	12.76%	17.57%	-4.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.40%	20.37%	-3.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.85%	20.37%	-1.52%

BLES vs. GABF - Expense Ratio Comparison

BLES has a 0.58% expense ratio, which is higher than GABF's 0.10% expense ratio.

Dividends

BLES vs. GABF - Dividend Comparison

BLES's dividend yield for the trailing twelve months is around 1.80%, less than GABF's 2.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLES Inspire Global Hope ETF	1.80%	1.97%	1.90%	1.80%	1.64%	9.28%	1.61%	2.16%	1.73%	2.01%
GABF Gabelli Financial Services Opportunities ETF	2.00%	1.96%	4.19%	4.95%	1.31%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BLES and GABF in my portfolio?

BLES and GABF have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLES or GABF?

GABF has higher volatility (4.51%) compared to BLES (2.76%). In terms of maximum drawdown, BLES dropped -40.35% vs GABF's -20.86%.

Which ETF is better, BLES or GABF?

On 3-year performance, GABF leads with 18.82% vs 14.13% for BLES. On fees, GABF is cheaper at 0.10% per year. On volatility, BLES has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BLES or GABF?

Over the 3-year period, GABF has performed better with a 18.82% return vs 14.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BLES or GABF?

GABF is cheaper with a 0.10% expense ratio, compared with 0.58% for BLES.

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

GABF has the higher dividend yield at 2.00%, compared with 1.80% for BLES.

What is the main difference between BLES and GABF?

BLES is categorized as Global Equities, while GABF is Financials Equities. They also come from different issuers: Inspire and Gabelli. Their fees differ too: 0.58% for BLES and 0.10% for GABF.

Which has better risk-adjusted returns?

BLES currently has the higher Sharpe Ratio (1.74 vs -0.25), 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.