GABF vs. DBC
GABF (Gabelli Financial Services Opportunities ETF) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - GABF is a Financials Equities fund actively managed by Gabelli, while DBC is a Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. GABF is actively managed, while DBC is passively managed. Over the past 3 years, GABF returned 21.66%/yr vs 10.98%/yr for DBC. At a 0.13 correlation, their price movements are largely independent. GABF charges 0.10%/yr vs 0.85%/yr for DBC.
Performance
GABF vs. DBC - Performance Comparison
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Returns By Period
In the year-to-date period, GABF achieves a -4.05% return, which is significantly lower than DBC's 22.58% return.
GABF
- 1D
- -0.27%
- 1M
- 1.29%
- YTD
- -4.05%
- 6M
- -5.37%
- 1Y
- -0.43%
- 3Y*
- 21.66%
- 5Y*
- —
- 10Y*
- —
DBC
- 1D
- -0.80%
- 1M
- -10.25%
- YTD
- 22.58%
- 6M
- 22.42%
- 1Y
- 21.81%
- 3Y*
- 10.98%
- 5Y*
- 10.64%
- 10Y*
- 8.01%
GABF vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GABF Gabelli Financial Services Opportunities ETF | -4.05% | 3.60% | 44.38% | 38.92% | -0.04% |
DBC Invesco DB Commodity Index Tracking Fund | 22.58% | 8.10% | 2.18% | -6.19% | -8.22% |
Correlation
The correlation between GABF and DBC is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 10, 2022 | 0.13 |
The correlation between GABF and DBC shifts across timeframes, from -0.13 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GABF vs. DBC — Risk / Return Rank
GABF
DBC
GABF vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Financial Services Opportunities ETF (GABF) and Invesco DB Commodity Index Tracking Fund (DBC). 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 | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.21 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 1.62 | -1.65 |
| Martin ratioReturn relative to average drawdown | -0.06 | 6.82 | -6.87 |
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Drawdowns
GABF vs. DBC - Drawdown Comparison
The maximum GABF drawdown since its inception was -20.86%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for GABF and DBC.
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Drawdown Indicators
| GABF | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -76.36% | +55.50% |
Max Drawdown (1Y)Largest decline over 1 year | -17.16% | -13.51% | -3.65% |
Max Drawdown (3Y)Largest decline over 3 years | -20.86% | -13.82% | -7.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.71% | — |
Current DrawdownCurrent decline from peak | -8.77% | -29.09% | +20.32% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -46.17% | +41.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.52% | 3.97% | +3.55% |
Volatility
GABF vs. DBC - Volatility Comparison
The current volatility for Gabelli Financial Services Opportunities ETF (GABF) is 4.36%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 4.60%. This indicates that GABF experiences smaller price fluctuations and is considered to be less risky than DBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GABF | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 4.60% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.29% | 16.16% | -2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.50% | 18.75% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.49% | 19.20% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.49% | 17.81% | +2.68% |
GABF vs. DBC - Expense Ratio Comparison
GABF has a 0.10% expense ratio, which is lower than DBC's 0.85% expense ratio.
Dividends
GABF vs. DBC - Dividend Comparison
GABF's dividend yield for the trailing twelve months is around 2.05%, less than DBC's 2.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.72% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
GABF Gabelli Financial Services Opportunities ETF | 2.05% | 1.96% | 4.19% | 4.95% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GABF and DBC have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBC has higher volatility (4.60%) compared to GABF (4.36%). In terms of maximum drawdown, GABF dropped -20.86% vs DBC's -76.36%.
On 3-year performance, GABF leads with 21.66% vs 10.98% for DBC. On fees, GABF is cheaper at 0.10% per year. On volatility, GABF has been the lower-risk option at 4.36%. 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 21.66% return vs 10.98%. 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 0.85% for DBC.
DBC has the higher dividend yield at 2.72%, compared with 2.05% for GABF.
GABF is categorized as Financials Equities, while DBC is Commodities. They also come from different issuers: Gabelli and Invesco. Their fees differ too: 0.10% for GABF and 0.85% for DBC.
DBC currently has the higher Sharpe Ratio (1.17 vs -0.02), 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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