EMHC vs. GABF
EMHC (SPDR Bloomberg Emerging Markets USD Bond ETF) and GABF (Gabelli Financial Services Opportunities ETF) are both exchange-traded funds - EMHC is a Emerging Markets Bonds fund tracking the Bloomberg Emerging USD Bond Core Index - Benchmark TR Net, while GABF is a Financials Equities fund actively managed by Gabelli. EMHC is passively managed, while GABF is actively managed. Over the past 3 years, EMHC returned 7.66%/yr vs 18.82%/yr for GABF. Their 0.42 correlation means their historical movements had little consistent relationship. EMHC charges 0.23%/yr vs 0.10%/yr for GABF.
Performance
EMHC vs. GABF - Performance Comparison
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Returns By Period
In the year-to-date period, EMHC achieves a 0.55% return, which is significantly higher than GABF's -1.93% return.
EMHC
- 1D
- -0.08%
- 1M
- -1.67%
- 6M
- 0.23%
- YTD
- 0.55%
- 1Y
- 6.90%
- 3Y*
- 7.66%
- 5Y*
- 1.15%
- 10Y*
- —
- ALL TIME*
- 1.66%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.11M | $1.05M | $1.14M | |
| $95.56K | $89.02K | $204.10K |
EMHC vs. GABF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | 0.55% | 14.07% | 3.52% | 10.06% | 0.67% |
GABF Gabelli Financial Services Opportunities ETF | -1.93% | 3.60% | 44.38% | 38.92% | -0.04% |
Correlation
The correlation between EMHC and GABF is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (All Time) Calculated using the full available price history since May 10, 2022 | 0.42 |
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Return for Risk
EMHC vs. GABF — Risk / Return Rank
EMHC
GABF
EMHC vs. GABF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) 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.
| EMHC | GABF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.97 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | -0.26 | +1.91 |
| Martin ratioReturn relative to average drawdown | 6.59 | -0.56 | +7.15 |
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Drawdowns
EMHC vs. GABF - Drawdown Comparison
The maximum EMHC drawdown since its inception was -28.03%, which is greater than GABF's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for EMHC and GABF.
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Drawdown Indicators
| EMHC | GABF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.03% | -20.86% | -7.17% |
Max Drawdown (1Y)Largest decline over 1 year | -4.37% | -17.16% | +12.79% |
Max Drawdown (3Y)Largest decline over 3 years | -6.74% | -20.86% | +14.12% |
Max Drawdown (5Y)Largest decline over 5 years | -28.03% | — | — |
Current DrawdownCurrent decline from peak | -1.90% | -6.75% | +4.85% |
Average DrawdownAverage peak-to-trough decline | -9.63% | -4.97% | -4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 7.90% | -6.81% |
Volatility
EMHC vs. GABF - Volatility Comparison
The current volatility for SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) is 1.28%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 4.51%. This indicates that EMHC 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.
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Volatility by Period
| EMHC | GABF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 4.51% | -3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 13.17% | -8.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.47% | 17.57% | -12.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.07% | 20.37% | -11.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.87% | 20.37% | -11.50% |
EMHC vs. GABF - Expense Ratio Comparison
EMHC has a 0.23% expense ratio, which is higher than GABF's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EMHC vs. GABF - Dividend Comparison
EMHC's dividend yield for the trailing twelve months is around 6.19%, more than GABF's 2.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | 5.71% | 6.16% | 5.95% | 5.12% | 5.11% | 2.97% |
GABF Gabelli Financial Services Opportunities ETF | 2.00% | 1.96% | 4.19% | 4.95% | 1.31% | 0.00% |
Frequently Asked Questions
EMHC and GABF have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GABF has higher volatility (4.51%) compared to EMHC (1.28%). In terms of maximum drawdown, EMHC dropped -28.03% vs GABF's -20.86%.
On 3-year performance, GABF leads with 18.82% vs 7.66% for EMHC. On fees, GABF is cheaper at 0.10% per year. On volatility, EMHC has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GABF has performed better with a 18.82% return vs 7.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GABF is cheaper with a 0.10% expense ratio, compared with 0.23% for EMHC.
EMHC has the higher dividend yield at 5.71%, compared with 2.00% for GABF.
EMHC is categorized as Emerging Markets Bonds, while GABF is Financials Equities. They also come from different issuers: State Street and Gabelli. Their fees differ too: 0.23% for EMHC and 0.10% for GABF.
EMHC currently has the higher Sharpe Ratio (1.32 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.
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