FEIG vs. GABF
FEIG (FlexShares ESG & Climate Investment Grade Corporate Core Index Fund) and GABF (Gabelli Financial Services Opportunities ETF) are both exchange-traded funds - FEIG is a Corporate Bonds fund tracking the Northern Trust ESG & Climate Investment Grade U.S. Corporate Core TR, while GABF is a Financials Equities fund actively managed by Gabelli. FEIG is passively managed, while GABF is actively managed. Over the past 3 years, FEIG returned 4.96%/yr vs 21.50%/yr for GABF. At a 0.28 correlation, their price movements are largely independent. FEIG charges 0.12%/yr vs 0.10%/yr for GABF.
Performance
FEIG vs. GABF - Performance Comparison
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Returns By Period
In the year-to-date period, FEIG achieves a 0.68% return, which is significantly higher than GABF's -4.42% return.
FEIG
- 1D
- 0.16%
- 1M
- 0.73%
- YTD
- 0.68%
- 6M
- 0.82%
- 1Y
- 4.85%
- 3Y*
- 4.96%
- 5Y*
- —
- 10Y*
- —
GABF
- 1D
- -0.39%
- 1M
- 0.90%
- YTD
- -4.42%
- 6M
- -5.68%
- 1Y
- -1.50%
- 3Y*
- 21.50%
- 5Y*
- —
- 10Y*
- —
FEIG vs. GABF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund | 0.68% | 7.31% | 1.75% | 8.57% | -2.78% |
GABF Gabelli Financial Services Opportunities ETF | -4.42% | 3.60% | 44.38% | 38.92% | -0.04% |
Correlation
The correlation between FEIG and GABF is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 10, 2022 | 0.28 |
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Return for Risk
FEIG vs. GABF — Risk / Return Rank
FEIG
GABF
FEIG vs. GABF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) 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.
| FEIG | GABF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.00 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | -0.09 | +1.82 |
| Martin ratioReturn relative to average drawdown | 5.15 | -0.20 | +5.35 |
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Drawdowns
FEIG vs. GABF - Drawdown Comparison
The maximum FEIG drawdown since its inception was -22.26%, which is greater than GABF's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for FEIG and GABF.
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Drawdown Indicators
| FEIG | GABF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.26% | -20.86% | -1.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -17.16% | +14.35% |
Max Drawdown (3Y)Largest decline over 3 years | -6.67% | -20.86% | +14.19% |
Current DrawdownCurrent decline from peak | -1.36% | -9.12% | +7.76% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -4.90% | -4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 7.55% | -6.61% |
Volatility
FEIG vs. GABF - Volatility Comparison
The current volatility for FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) is 1.20%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 4.38%. This indicates that FEIG 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
| FEIG | GABF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 4.38% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | 13.29% | -9.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 17.47% | -13.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.37% | 20.48% | -13.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.37% | 20.48% | -13.11% |
FEIG vs. GABF - Expense Ratio Comparison
FEIG has a 0.12% 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
FEIG vs. GABF - Dividend Comparison
FEIG's dividend yield for the trailing twelve months is around 4.74%, more than GABF's 2.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund | 4.74% | 4.84% | 4.65% | 4.21% | 2.99% | 0.55% |
GABF Gabelli Financial Services Opportunities ETF | 2.05% | 1.96% | 4.19% | 4.95% | 1.31% | 0.00% |
Frequently Asked Questions
FEIG and GABF have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GABF has higher volatility (4.38%) compared to FEIG (1.20%). In terms of maximum drawdown, FEIG dropped -22.26% vs GABF's -20.86%.
On 3-year performance, GABF leads with 21.50% vs 4.96% for FEIG. On fees, GABF is cheaper at 0.10% per year. On volatility, FEIG has been the lower-risk option at 1.20%. 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 21.50% return vs 4.96%. 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 0.12% for FEIG.
FEIG has the higher dividend yield at 4.74%, compared with 2.05% for GABF.
FEIG is categorized as Corporate Bonds, while GABF is Financials Equities. They also come from different issuers: FlexShares and Gabelli. Their fees differ too: 0.12% for FEIG and 0.10% for GABF.
FEIG currently has the higher Sharpe Ratio (1.11 vs -0.09), 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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