EMTL vs. GABF
EMTL (SPDR DoubleLine Emerging Markets Fixed Income ETF) and GABF (Gabelli Financial Services Opportunities ETF) are both exchange-traded funds - EMTL is a Emerging Markets Bonds fund actively managed by State Street, while GABF is a Financials Equities fund actively managed by Gabelli. Both are actively managed. Over the past 3 years, EMTL returned 6.49%/yr vs 18.82%/yr for GABF. Their 0.36 correlation means their historical movements had little consistent relationship. EMTL charges 0.65%/yr vs 0.10%/yr for GABF.
Performance
EMTL vs. GABF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMTL achieves a 0.65% return, which is significantly higher than GABF's -1.93% return.
EMTL
- 1D
- 0.00%
- 1M
- -0.06%
- 6M
- 0.05%
- YTD
- 0.65%
- 1Y
- 3.21%
- 3Y*
- 6.49%
- 5Y*
- 1.51%
- 10Y*
- 3.00%
- ALL TIME*
- 3.41%
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) |
|---|---|---|---|
| $352.14K | $728.16K | $831.05K | |
| $95.56K | $89.02K | $204.10K |
EMTL vs. GABF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF | 0.65% | 8.27% | 5.86% | 9.60% | -2.02% |
GABF Gabelli Financial Services Opportunities ETF | -1.93% | 3.60% | 44.38% | 38.92% | -0.04% |
Correlation
The correlation between EMTL 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. | 0.36 |
Correlation (All Time) Calculated using the full available price history since May 10, 2022 | 0.36 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMTL vs. GABF — Risk / Return Rank
EMTL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GABF
EMTL vs. GABF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) 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.
| EMTL | GABF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.97 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | -0.26 | +2.01 |
| Martin ratioReturn relative to average drawdown | 6.17 | -0.56 | +6.72 |
Loading charts...
Drawdowns
EMTL vs. GABF - Drawdown Comparison
The maximum EMTL drawdown since its inception was -22.91%, which is greater than GABF's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for EMTL and GABF.
Loading charts...
Drawdown Indicators
| EMTL | GABF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.91% | -20.86% | -2.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -17.16% | +15.16% |
Max Drawdown (3Y)Largest decline over 3 years | -3.53% | -20.86% | +17.33% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.91% | — | — |
Current DrawdownCurrent decline from peak | -0.17% | -6.75% | +6.58% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -4.97% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 7.90% | -7.33% |
Volatility
EMTL vs. GABF - Volatility Comparison
The current volatility for SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) is 0.43%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 4.51%. This indicates that EMTL 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.
Loading charts...
Volatility by Period
| EMTL | GABF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 4.51% | -4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.72% | 13.17% | -11.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.27% | 17.57% | -15.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.86% | 20.37% | -15.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 20.37% | -15.72% |
EMTL vs. GABF - Expense Ratio Comparison
EMTL has a 0.65% expense ratio, which is higher than GABF's 0.10% expense ratio.
Dividends
EMTL vs. GABF - Dividend Comparison
EMTL has not paid dividends to shareholders, while GABF's dividend yield for the trailing twelve months is around 2.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF | 4.53% | 5.09% | 5.34% | 4.78% | 4.19% | 5.43% | 3.28% | 3.96% | 3.35% | 4.16% | 8.87% |
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% | 0.00% |
Frequently Asked Questions
EMTL 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 EMTL (0.43%). In terms of maximum drawdown, EMTL dropped -22.91% vs GABF's -20.86%.
On 3-year performance, GABF leads with 18.82% vs 6.49% for EMTL. On fees, GABF is cheaper at 0.10% per year. On volatility, EMTL has been the lower-risk option at 0.43%. 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 6.49%. 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 0.65% for EMTL.
EMTL has the higher dividend yield at 4.53%, compared with 2.00% for GABF.
EMTL 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: 0.65% for EMTL and 0.10% for GABF.
EMTL currently has the higher Sharpe Ratio (1.55 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.
Find the right allocation for EMTL and GABF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer