GABF vs. CMDT
GABF (Gabelli Financial Services Opportunities ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - GABF is a Financials Equities fund actively managed by Gabelli, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. GABF is actively managed, while CMDT is passively managed. Over the past 3 years, GABF returned 21.50%/yr vs 12.77%/yr for CMDT. At a 0.06 correlation, their price movements are largely independent. GABF charges 0.10%/yr vs 0.65%/yr for CMDT.
Performance
GABF vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, GABF achieves a -4.42% return, which is significantly lower than CMDT's 13.43% return.
GABF
- 1D
- -0.39%
- 1M
- 0.90%
- YTD
- -4.42%
- 6M
- -5.68%
- 1Y
- -1.50%
- 3Y*
- 21.50%
- 5Y*
- —
- 10Y*
- —
CMDT
- 1D
- -1.14%
- 1M
- -8.86%
- YTD
- 13.43%
- 6M
- 13.42%
- 1Y
- 21.34%
- 3Y*
- 12.77%
- 5Y*
- —
- 10Y*
- —
GABF vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GABF Gabelli Financial Services Opportunities ETF | -4.42% | 3.60% | 44.38% | 30.02% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 13.43% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between GABF and CMDT is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | 0.06 |
The correlation between GABF and CMDT shifts across timeframes, from -0.09 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GABF vs. CMDT — Risk / Return Rank
GABF
CMDT
GABF vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Financial Services Opportunities ETF (GABF) and PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT). 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 | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.29 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 1.93 | -2.02 |
| Martin ratioReturn relative to average drawdown | -0.20 | 9.62 | -9.82 |
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Drawdowns
GABF vs. CMDT - Drawdown Comparison
The maximum GABF drawdown since its inception was -20.86%, which is greater than CMDT's maximum drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for GABF and CMDT.
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Drawdown Indicators
| GABF | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -11.11% | -9.75% |
Max Drawdown (1Y)Largest decline over 1 year | -17.16% | -11.11% | -6.05% |
Max Drawdown (3Y)Largest decline over 3 years | -20.86% | -11.11% | -9.75% |
Current DrawdownCurrent decline from peak | -9.12% | -11.11% | +1.99% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -2.77% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.55% | 2.25% | +5.30% |
Volatility
GABF vs. CMDT - Volatility Comparison
Gabelli Financial Services Opportunities ETF (GABF) has a higher volatility of 4.38% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 3.26%. This indicates that GABF's price experiences larger fluctuations and is considered to be riskier than CMDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GABF | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 3.26% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 13.29% | 10.60% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.47% | 12.65% | +4.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.48% | 12.24% | +8.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.48% | 12.24% | +8.24% |
GABF vs. CMDT - Expense Ratio Comparison
GABF has a 0.10% expense ratio, which is lower than CMDT's 0.65% expense ratio.
Dividends
GABF vs. CMDT - Dividend Comparison
GABF's dividend yield for the trailing twelve months is around 2.05%, less than CMDT's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.67% | 3.04% | 8.80% | 2.71% | 0.00% |
GABF Gabelli Financial Services Opportunities ETF | 2.05% | 1.96% | 4.19% | 4.95% | 1.31% |
Frequently Asked Questions
GABF and CMDT have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GABF has higher volatility (4.38%) compared to CMDT (3.26%). In terms of maximum drawdown, GABF dropped -20.86% vs CMDT's -11.11%.
On 3-year performance, GABF leads with 21.50% vs 12.77% for CMDT. On fees, GABF is cheaper at 0.10% per year. On volatility, CMDT has been the lower-risk option at 3.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GABF has performed better with a 21.50% return vs 12.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GABF is cheaper with a 0.10% expense ratio, compared with 0.65% for CMDT.
CMDT has the higher dividend yield at 2.67%, compared with 2.05% for GABF.
GABF is categorized as Financials Equities, while CMDT is Commodities. They also come from different issuers: Gabelli and PIMCO. Their fees differ too: 0.10% for GABF and 0.65% for CMDT.
CMDT currently has the higher Sharpe Ratio (1.71 vs -0.09), 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.
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