GABF vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Gabelli Financial Services Opportunities ETF (GABF) and S&P 500 Index (^GSPC).

GABF is an actively managed fund by Gabelli. It was launched on May 9, 2022.

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 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

GABF vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GABF Gabelli Financial Services Opportunities ETF	-9.67%	3.60%	44.38%	38.92%	0.40%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-4.04%

Returns By Period

In the year-to-date period, GABF achieves a -9.67% return, which is significantly lower than ^GSPC's -3.95% return.

GABF

• 1D: 0.28%
• 1M: -3.90%
• YTD: -9.67%
• 6M: -10.83%
• 1Y: -3.40%
• 3Y*: 20.23%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

GABF vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GABF

GABF Risk / Return Rank: 9
GABF Sharpe Ratio Rank: 9
GABF Sortino Ratio Rank: 9
GABF Omega Ratio Rank: 9
GABF Calmar Ratio Rank: 9
GABF Martin Ratio Rank: 8

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GABF vs. ^GSPC - Risk-Adjusted Trends Comparison

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

	GABF	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.15	0.92	-1.07
Sortino ratio Return per unit of downside risk	-0.05	1.41	-1.46
Omega ratio Gain probability vs. loss probability	0.99	1.21	-0.22
Calmar ratio Return relative to maximum drawdown	-0.18	1.41	-1.60
Martin ratio Return relative to average drawdown	-0.48	6.61	-7.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GABF vs. ^GSPC - Sharpe Ratio Comparison

The current GABF Sharpe Ratio is -0.15, which is lower than the ^GSPC Sharpe Ratio of 0.92. 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.

Sharpe Ratios by Period

	GABF	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.15	0.92	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.46	+0.40

Correlation

The correlation between GABF and ^GSPC is 0.76, 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.

Drawdowns

GABF vs. ^GSPC - Drawdown Comparison

The maximum GABF drawdown since its inception was -20.86%, 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.

Drawdown Indicators

	GABF	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-20.86%	-56.78%	+35.92%
Max Drawdown (1Y) Largest decline over 1 year	-17.16%	-12.14%	-5.02%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-14.11%	-5.78%	-8.33%
Average Drawdown Average peak-to-trough decline	-4.64%	-10.75%	+6.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.49%	2.60%	+3.89%

Volatility

GABF vs. ^GSPC - Volatility Comparison

Gabelli Financial Services Opportunities ETF (GABF) has a higher volatility of 5.73% compared to S&P 500 Index (^GSPC) at 5.37%. 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.

Volatility by Period

	GABF	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.73%	5.37%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	13.62%	9.55%	+4.07%
Volatility (1Y) Calculated over the trailing 1-year period	22.80%	18.33%	+4.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.69%	16.90%	+3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.69%	18.05%	+2.64%