Correlation
The correlation between FIIG and GABF is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
FIIG vs. GABF
Compare and contrast key facts about First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) and Gabelli Financial Services Opportunities ETF (GABF).
FIIG and GABF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIIG is an actively managed fund by First Trust. It was launched on Aug 1, 2023. GABF is an actively managed fund by Gabelli. It was launched on May 9, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIIG or GABF.
Performance
FIIG vs. GABF - Performance Comparison
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Key characteristics
FIIG:
1.14
GABF:
1.03
FIIG:
1.67
GABF:
1.43
FIIG:
1.20
GABF:
1.22
FIIG:
1.32
GABF:
1.13
FIIG:
3.16
GABF:
3.82
FIIG:
2.18%
GABF:
6.18%
FIIG:
6.08%
GABF:
24.25%
FIIG:
-5.50%
GABF:
-20.86%
FIIG:
-1.00%
GABF:
-6.74%
Returns By Period
In the year-to-date period, FIIG achieves a 3.03% return, which is significantly higher than GABF's -0.67% return.
FIIG
3.03%
0.59%
0.95%
6.41%
N/A
N/A
N/A
GABF
-0.67%
5.33%
-6.60%
23.94%
23.00%
N/A
N/A
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FIIG vs. GABF - Expense Ratio Comparison
FIIG has a 0.65% expense ratio, which is higher than GABF's 0.10% expense ratio.
Risk-Adjusted Performance
FIIG vs. GABF — Risk-Adjusted Performance Rank
FIIG
GABF
FIIG vs. GABF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) 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.
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Dividends
FIIG vs. GABF - Dividend Comparison
FIIG's dividend yield for the trailing twelve months is around 4.52%, more than GABF's 4.22% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
FIIG First Trust Intermediate Duration Investment Grade Corporate ETF | 4.52% | 4.46% | 1.72% | 0.00% |
GABF Gabelli Financial Services Opportunities ETF | 4.22% | 4.19% | 4.95% | 1.31% |
Drawdowns
FIIG vs. GABF - Drawdown Comparison
The maximum FIIG drawdown since its inception was -5.50%, smaller than the maximum GABF drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for FIIG and GABF.
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Volatility
FIIG vs. GABF - Volatility Comparison
The current volatility for First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) is 1.49%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 5.30%. This indicates that FIIG 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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