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GABF vs. ^GSPC
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between GABF and ^GSPC 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.


-0.50.00.51.00.8

Performance

GABF vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Financial Services Opportunities ETF (GABF) and S&P 500 (^GSPC). The values are adjusted to include any dividend payments, if applicable.

0.00%10.00%20.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
23.79%
9.66%
GABF
^GSPC

Key characteristics

Sharpe Ratio

GABF:

2.72

^GSPC:

2.07

Sortino Ratio

GABF:

3.67

^GSPC:

2.76

Omega Ratio

GABF:

1.50

^GSPC:

1.39

Calmar Ratio

GABF:

4.67

^GSPC:

3.05

Martin Ratio

GABF:

19.68

^GSPC:

13.27

Ulcer Index

GABF:

2.32%

^GSPC:

1.95%

Daily Std Dev

GABF:

16.81%

^GSPC:

12.52%

Max Drawdown

GABF:

-17.14%

^GSPC:

-56.78%

Current Drawdown

GABF:

-6.42%

^GSPC:

-1.91%

Returns By Period

In the year-to-date period, GABF achieves a 43.69% return, which is significantly higher than ^GSPC's 25.25% return.


GABF

YTD

43.69%

1M

-5.34%

6M

23.79%

1Y

44.77%

5Y*

N/A

10Y*

N/A

^GSPC

YTD

25.25%

1M

0.08%

6M

9.66%

1Y

25.65%

5Y*

13.17%

10Y*

11.11%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Risk-Adjusted Performance

GABF vs. ^GSPC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Financial Services Opportunities ETF (GABF) and S&P 500 (^GSPC). 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.


Sharpe ratio
The chart of Sharpe ratio for GABF, currently valued at 2.72, compared to the broader market0.002.004.002.722.07
The chart of Sortino ratio for GABF, currently valued at 3.67, compared to the broader market-2.000.002.004.006.008.0010.003.672.76
The chart of Omega ratio for GABF, currently valued at 1.50, compared to the broader market0.501.001.502.002.503.001.501.39
The chart of Calmar ratio for GABF, currently valued at 4.67, compared to the broader market0.005.0010.0015.004.673.05
The chart of Martin ratio for GABF, currently valued at 19.68, compared to the broader market0.0020.0040.0060.0080.00100.0019.6813.27
GABF
^GSPC

The current GABF Sharpe Ratio is 2.72, which is higher than the ^GSPC Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of GABF and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.005.00JulyAugustSeptemberOctoberNovemberDecember
2.72
2.07
GABF
^GSPC

Drawdowns

GABF vs. ^GSPC - Drawdown Comparison

The maximum GABF drawdown since its inception was -17.14%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for GABF and ^GSPC. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-6.42%
-1.91%
GABF
^GSPC

Volatility

GABF vs. ^GSPC - Volatility Comparison

Gabelli Financial Services Opportunities ETF (GABF) has a higher volatility of 4.72% compared to S&P 500 (^GSPC) at 3.82%. This indicates that GABF's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
4.72%
3.82%
GABF
^GSPC
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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