GABF vs. ^GSPC
Compare and contrast key facts about Gabelli Financial Services Opportunities ETF (GABF) and S&P 500 (^GSPC).
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: GABF or ^GSPC.
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.
Performance
GABF vs. ^GSPC - Performance Comparison
Key characteristics
GABF:
3.00
^GSPC:
2.01
GABF:
3.99
^GSPC:
2.67
GABF:
1.55
^GSPC:
1.37
GABF:
5.18
^GSPC:
3.04
GABF:
19.11
^GSPC:
12.46
GABF:
2.65%
^GSPC:
2.07%
GABF:
16.87%
^GSPC:
12.86%
GABF:
-17.14%
^GSPC:
-56.78%
GABF:
-2.59%
^GSPC:
-0.06%
Returns By Period
The year-to-date returns for both stocks are quite close, with GABF having a 3.59% return and ^GSPC slightly lower at 3.48%.
GABF
3.59%
4.08%
22.25%
49.49%
N/A
N/A
^GSPC
3.48%
1.88%
12.15%
25.12%
13.11%
11.52%
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Risk-Adjusted Performance
GABF vs. ^GSPC — Risk-Adjusted Performance Rank
GABF
^GSPC
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.
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.
Volatility
GABF vs. ^GSPC - Volatility Comparison
The current volatility for Gabelli Financial Services Opportunities ETF (GABF) is 3.88%, while S&P 500 (^GSPC) has a volatility of 4.10%. This indicates that GABF experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.