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ECLN vs. GABF
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ECLN and GABF is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.6

Performance

ECLN vs. GABF - Performance Comparison

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

0.00%10.00%20.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
13.45%
22.96%
ECLN
GABF

Key characteristics

Sharpe Ratio

ECLN:

1.64

GABF:

2.56

Sortino Ratio

ECLN:

2.25

GABF:

3.47

Omega Ratio

ECLN:

1.29

GABF:

1.47

Calmar Ratio

ECLN:

1.32

GABF:

4.43

Martin Ratio

ECLN:

7.62

GABF:

19.28

Ulcer Index

ECLN:

2.63%

GABF:

2.24%

Daily Std Dev

ECLN:

12.23%

GABF:

16.91%

Max Drawdown

ECLN:

-32.28%

GABF:

-17.14%

Current Drawdown

ECLN:

-8.60%

GABF:

-7.35%

Returns By Period

In the year-to-date period, ECLN achieves a 20.30% return, which is significantly lower than GABF's 42.26% return.


ECLN

YTD

20.30%

1M

-6.13%

6M

13.45%

1Y

22.02%

5Y*

8.50%

10Y*

N/A

GABF

YTD

42.26%

1M

-4.27%

6M

22.96%

1Y

45.93%

5Y*

N/A

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


ECLN vs. GABF - Expense Ratio Comparison

ECLN has a 0.97% expense ratio, which is higher than GABF's 0.10% expense ratio.


ECLN
First Trust EIP Carbon Impact ETF
Expense ratio chart for ECLN: current value at 0.97% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.97%
Expense ratio chart for GABF: current value at 0.10% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.10%

Risk-Adjusted Performance

ECLN vs. GABF - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust EIP Carbon Impact ETF (ECLN) 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.


Sharpe ratio
The chart of Sharpe ratio for ECLN, currently valued at 1.64, compared to the broader market0.002.004.001.642.56
The chart of Sortino ratio for ECLN, currently valued at 2.25, compared to the broader market-2.000.002.004.006.008.0010.002.253.47
The chart of Omega ratio for ECLN, currently valued at 1.29, compared to the broader market0.501.001.502.002.503.001.291.47
The chart of Calmar ratio for ECLN, currently valued at 1.32, compared to the broader market0.005.0010.0015.001.324.43
The chart of Martin ratio for ECLN, currently valued at 7.62, compared to the broader market0.0020.0040.0060.0080.00100.007.6219.28
ECLN
GABF

The current ECLN Sharpe Ratio is 1.64, which is lower than the GABF Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of ECLN and GABF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.005.00JulyAugustSeptemberOctoberNovemberDecember
1.64
2.56
ECLN
GABF

Dividends

ECLN vs. GABF - Dividend Comparison

ECLN's dividend yield for the trailing twelve months is around 2.58%, less than GABF's 3.48% yield.


TTM20232022202120202019
ECLN
First Trust EIP Carbon Impact ETF
2.58%2.54%1.83%1.66%1.68%0.71%
GABF
Gabelli Financial Services Opportunities ETF
3.48%4.95%1.31%0.00%0.00%0.00%

Drawdowns

ECLN vs. GABF - Drawdown Comparison

The maximum ECLN drawdown since its inception was -32.28%, which is greater than GABF's maximum drawdown of -17.14%. Use the drawdown chart below to compare losses from any high point for ECLN and GABF. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-8.60%
-7.35%
ECLN
GABF

Volatility

ECLN vs. GABF - Volatility Comparison

The current volatility for First Trust EIP Carbon Impact ETF (ECLN) is 3.98%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 4.89%. This indicates that ECLN 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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
3.98%
4.89%
ECLN
GABF
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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