GABF vs. EMCB
GABF (Gabelli Financial Services Opportunities ETF) and EMCB (WisdomTree Emerging Markets Corporate Bond Fund) are both exchange-traded funds - GABF is a Financials Equities fund actively managed by Gabelli, while EMCB is a Emerging Markets Bonds fund actively managed by WisdomTree. Both are actively managed. Over the past 3 years, GABF returned 20.10%/yr vs 7.52%/yr for EMCB. At a 0.27 correlation, their price movements are largely independent. GABF charges 0.10%/yr vs 0.60%/yr for EMCB.
Performance
GABF vs. EMCB - Performance Comparison
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Returns By Period
In the year-to-date period, GABF achieves a -2.34% return, which is significantly lower than EMCB's 1.95% return.
GABF
- 1D
- -0.22%
- 1M
- 1.32%
- 6M
- -5.40%
- YTD
- -2.34%
- 1Y
- -4.10%
- 3Y*
- 20.10%
- 5Y*
- —
- 10Y*
- —
EMCB
- 1D
- -0.35%
- 1M
- -0.25%
- 6M
- 1.44%
- YTD
- 1.95%
- 1Y
- 5.43%
- 3Y*
- 7.52%
- 5Y*
- 2.09%
- 10Y*
- 3.84%
GABF vs. EMCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GABF Gabelli Financial Services Opportunities ETF | -2.34% | 3.60% | 44.38% | 38.92% | -0.04% |
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 1.95% | 8.19% | 7.11% | 8.76% | 1.65% |
Correlation
The correlation between GABF and EMCB is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 10, 2022 | 0.27 |
The correlation between GABF and EMCB shifts across timeframes, from 0.21 (3 years) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GABF vs. EMCB — Risk / Return Rank
GABF
EMCB
GABF vs. EMCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Financial Services Opportunities ETF (GABF) and WisdomTree Emerging Markets Corporate Bond Fund (EMCB). 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 | EMCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.28 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 1.78 | -2.02 |
| Martin ratioReturn relative to average drawdown | -0.53 | 6.25 | -6.77 |
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Drawdowns
GABF vs. EMCB - Drawdown Comparison
The maximum GABF drawdown since its inception was -20.86%, smaller than the maximum EMCB drawdown of -22.81%. Use the drawdown chart below to compare losses from any high point for GABF and EMCB.
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Drawdown Indicators
| GABF | EMCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -22.81% | +1.95% |
Max Drawdown (1Y)Largest decline over 1 year | -17.16% | -3.07% | -14.09% |
Max Drawdown (3Y)Largest decline over 3 years | -20.86% | -4.20% | -16.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.81% | — |
Current DrawdownCurrent decline from peak | -7.14% | -0.72% | -6.42% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -4.21% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.78% | 0.87% | +6.91% |
Volatility
GABF vs. EMCB - Volatility Comparison
Gabelli Financial Services Opportunities ETF (GABF) has a higher volatility of 4.51% compared to WisdomTree Emerging Markets Corporate Bond Fund (EMCB) at 1.35%. This indicates that GABF's price experiences larger fluctuations and is considered to be riskier than EMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GABF | EMCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 1.35% | +3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 13.37% | 3.00% | +10.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.59% | 3.65% | +13.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.45% | 6.92% | +13.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.45% | 8.44% | +12.01% |
GABF vs. EMCB - Expense Ratio Comparison
GABF has a 0.10% expense ratio, which is lower than EMCB's 0.60% expense ratio.
Dividends
GABF vs. EMCB - Dividend Comparison
GABF's dividend yield for the trailing twelve months is around 2.01%, less than EMCB's 5.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 5.37% | 5.47% | 5.29% | 5.09% | 4.04% | 3.43% | 3.85% | 4.17% | 4.20% | 4.04% | 4.08% | 5.09% |
GABF Gabelli Financial Services Opportunities ETF | 2.01% | 1.96% | 4.19% | 4.95% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GABF and EMCB have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GABF has higher volatility (4.51%) compared to EMCB (1.35%). In terms of maximum drawdown, GABF dropped -20.86% vs EMCB's -22.81%.
On 3-year performance, GABF leads with 20.10% vs 7.52% for EMCB. On fees, GABF is cheaper at 0.10% per year. On volatility, EMCB has been the lower-risk option at 1.35%. 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 20.10% return vs 7.52%. 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 0.60% for EMCB.
EMCB has the higher dividend yield at 5.37%, compared with 2.01% for GABF.
GABF is categorized as Financials Equities, while EMCB is Emerging Markets Bonds. They also come from different issuers: Gabelli and WisdomTree. Their fees differ too: 0.10% for GABF and 0.60% for EMCB.
EMCB currently has the higher Sharpe Ratio (1.50 vs -0.23), 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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