FNKLX vs. GABF
Compare and contrast key facts about Fidelity Series Value Discovery Fund (FNKLX) and Gabelli Financial Services Opportunities ETF (GABF).
FNKLX is managed by Fidelity. It was launched on Dec 6, 2012. GABF is an actively managed fund by Gabelli. It was launched on May 9, 2022.
Performance
FNKLX vs. GABF - Performance Comparison
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FNKLX vs. GABF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FNKLX Fidelity Series Value Discovery Fund | -0.38% | 17.47% | 13.74% | 6.15% | 3.51% |
GABF Gabelli Financial Services Opportunities ETF | -9.92% | 3.60% | 44.38% | 38.92% | 0.40% |
Returns By Period
In the year-to-date period, FNKLX achieves a -0.38% return, which is significantly higher than GABF's -9.92% return.
FNKLX
- 1D
- 0.06%
- 1M
- -6.53%
- YTD
- -0.38%
- 6M
- 6.35%
- 1Y
- 14.48%
- 3Y*
- 13.03%
- 5Y*
- 9.20%
- 10Y*
- 10.64%
GABF
- 1D
- 2.41%
- 1M
- -3.92%
- YTD
- -9.92%
- 6M
- -12.00%
- 1Y
- -3.40%
- 3Y*
- 20.11%
- 5Y*
- —
- 10Y*
- —
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FNKLX vs. GABF - Expense Ratio Comparison
FNKLX has a 0.00% expense ratio, which is lower than GABF's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FNKLX vs. GABF — Risk / Return Rank
FNKLX
GABF
FNKLX vs. GABF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Value Discovery Fund (FNKLX) 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.
| FNKLX | GABF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | -0.15 | +1.27 |
Sortino ratioReturn per unit of downside risk | 1.62 | -0.05 | +1.67 |
Omega ratioGain probability vs. loss probability | 1.23 | 0.99 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | -0.18 | +1.64 |
Martin ratioReturn relative to average drawdown | 6.48 | -0.47 | +6.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNKLX | GABF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | -0.15 | +1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.86 | -0.19 |
Correlation
The correlation between FNKLX and GABF is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FNKLX vs. GABF - Dividend Comparison
FNKLX's dividend yield for the trailing twelve months is around 8.81%, more than GABF's 2.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNKLX Fidelity Series Value Discovery Fund | 8.81% | 6.65% | 9.10% | 5.08% | 9.13% | 8.50% | 3.01% | 3.89% | 7.22% | 7.74% | 3.94% | 8.72% |
GABF Gabelli Financial Services Opportunities ETF | 2.18% | 1.96% | 4.19% | 4.95% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FNKLX vs. GABF - Drawdown Comparison
The maximum FNKLX drawdown since its inception was -37.31%, which is greater than GABF's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for FNKLX and GABF.
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Drawdown Indicators
| FNKLX | GABF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.31% | -20.86% | -16.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -17.16% | +7.34% |
Max Drawdown (5Y)Largest decline over 5 years | -15.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.31% | — | — |
Current DrawdownCurrent decline from peak | -6.73% | -14.35% | +7.62% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -4.63% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 6.43% | -4.22% |
Volatility
FNKLX vs. GABF - Volatility Comparison
The current volatility for Fidelity Series Value Discovery Fund (FNKLX) is 3.05%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 5.73%. This indicates that FNKLX 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
| FNKLX | GABF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 5.73% | -2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 13.63% | -6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.89% | 22.80% | -8.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.50% | 20.70% | -7.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 20.70% | -4.00% |