GABF vs. AGQI

Last updated Aug 2, 2026

GABF (Gabelli Financial Services Opportunities ETF) and AGQI (First Trust Active Global Quality Income ETF) are both exchange-traded funds - GABF is a Financials Equities fund actively managed by Gabelli, while AGQI is a Quality Factor fund actively managed by First Trust. Both are actively managed. Over the past year, GABF returned -1.61% vs 23.42% for AGQI. Their 0.59 correlation means they have sometimes moved together and sometimes differently. GABF charges 0.10%/yr vs 0.85%/yr for AGQI.

Performance

GABF vs. AGQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Financial Services Opportunities ETF (GABF) and First Trust Active Global Quality Income ETF (AGQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GABF achieves a -1.93% return, which is significantly lower than AGQI's 13.53% return.

GABF

• 1D: 0.06%
• 1M: -0.11%
• 6M: -1.06%
• YTD: -1.93%
• 1Y: -1.61%
• 3Y*: 18.82%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.34%

AGQI

• 1D: 0.61%
• 1M: 1.62%
• 6M: 7.40%
• YTD: 13.53%
• 1Y: 23.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.58%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AGQI First Trust Active Global Quality Income ETF	$94.55K	$67.01K	$151.89K
GABF Gabelli Financial Services Opportunities ETF	$95.56K	$89.02K	$204.10K

GABF vs. AGQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GABF Gabelli Financial Services Opportunities ETF	-1.93%	3.60%	44.38%	11.36%
AGQI First Trust Active Global Quality Income ETF	13.53%	26.67%	2.98%	4.43%

Correlation

The correlation between GABF and AGQI is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023	0.59

The correlation between GABF and AGQI has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.

GABF vs. AGQI - Sectors Allocation Comparison

Sectors	GABF	AGQI
Financial Services	85.6%	15.4%
Technology	5.2%	21.6%
Industrials	4.9%	12.5%
Real Estate	4.3%	-
Basic Materials	-	4.8%
Communication Services	-	6.1%
Consumer Cyclical	-	12.3%
Consumer Defensive	-	14.3%
Energy	-	4.0%
Healthcare	-	6.7%
Utilities	-	2.2%

Return for Risk

GABF vs. AGQI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GABF

GABF Risk / Return Rank: 7
GABF Sharpe Ratio Rank: 7
GABF Sortino Ratio Rank: 7
GABF Omega Ratio Rank: 7
GABF Calmar Ratio Rank: 7
GABF Martin Ratio Rank: 7

AGQI

AGQI Risk / Return Rank: 78
AGQI Sharpe Ratio Rank: 83
AGQI Sortino Ratio Rank: 80
AGQI Omega Ratio Rank: 82
AGQI Calmar Ratio Rank: 73
AGQI Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GABF vs. AGQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Financial Services Opportunities ETF (GABF) and First Trust Active Global Quality Income ETF (AGQI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GABF	AGQI	Difference
Sharpe ratio: Return per unit of total volatility	-0.25	1.92	-2.17
Sortino ratio: Return per unit of downside risk	-0.22	2.61	-2.83
Omega ratio: Gain probability vs. loss probability	0.97	1.35	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.26	2.57	-2.83
Martin ratio: Return relative to average drawdown	-0.56	9.05	-9.60

GABF vs. AGQI - Sharpe Ratio Comparison

The current GABF Sharpe Ratio is -0.25, which is lower than the AGQI Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of GABF and AGQI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GABF vs. AGQI - Drawdown Comparison

The maximum GABF drawdown since its inception was -20.86%, which is greater than AGQI's maximum drawdown of -14.07%. Use the drawdown chart below to compare losses from any high point for GABF and AGQI.

Drawdown Indicators

	GABF	AGQI	Difference
Max Drawdown Largest peak-to-trough decline	-20.86%	-14.07%	-6.79%
Max Drawdown (1Y) Largest decline over 1 year	-17.16%	-9.15%	-8.01%
Max Drawdown (3Y) Largest decline over 3 years	-20.86%	—	—
Current Drawdown Current decline from peak	-6.75%	0.00%	-6.75%
Average Drawdown Average peak-to-trough decline	-4.97%	-2.12%	-2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.90%	2.59%	+5.31%

Volatility

GABF vs. AGQI - Volatility Comparison

Gabelli Financial Services Opportunities ETF (GABF) has a higher volatility of 4.51% compared to First Trust Active Global Quality Income ETF (AGQI) at 3.99%. This indicates that GABF's price experiences larger fluctuations and is considered to be riskier than AGQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GABF	AGQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.51%	3.99%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	13.17%	10.35%	+2.82%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	12.29%	+5.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.37%	12.67%	+7.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.37%	12.67%	+7.70%

GABF vs. AGQI - Expense Ratio Comparison

GABF has a 0.10% expense ratio, which is lower than AGQI's 0.85% expense ratio.

Dividends

GABF vs. AGQI - Dividend Comparison

GABF's dividend yield for the trailing twelve months is around 2.00%, more than AGQI's 1.69% yield.

Position	TTM	2025	2024	2023	2022
AGQI First Trust Active Global Quality Income ETF	1.69%	2.54%	2.14%	0.14%	0.00%
GABF Gabelli Financial Services Opportunities ETF	2.00%	1.96%	4.19%	4.95%	1.31%

Frequently Asked Questions

Can I hold both GABF and AGQI in my portfolio?

GABF and AGQI have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GABF or AGQI?

GABF has higher volatility (4.51%) compared to AGQI (3.99%). In terms of maximum drawdown, GABF dropped -20.86% vs AGQI's -14.07%.

Which ETF is better, GABF or AGQI?

On 1-year performance, AGQI leads with 23.42% vs -1.61% for GABF. On fees, GABF is cheaper at 0.10% per year. On volatility, AGQI has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GABF or AGQI?

Over the 1-year period, AGQI has performed better with a 23.42% return vs -1.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GABF or AGQI?

GABF is cheaper with a 0.10% expense ratio, compared with 0.85% for AGQI.

Which ETF pays a higher dividend yield, GABF or AGQI?

GABF has the higher dividend yield at 2.00%, compared with 1.69% for AGQI.

What is the main difference between GABF and AGQI?

GABF is categorized as Financials Equities, while AGQI is Quality Factor. They also come from different issuers: Gabelli and First Trust. Their fees differ too: 0.10% for GABF and 0.85% for AGQI.

Which has better risk-adjusted returns?

AGQI currently has the higher Sharpe Ratio (1.92 vs -0.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.