GABF vs. GABFX
Compare and contrast key facts about Gabelli Financial Services Opportunities ETF (GABF) and GMO Asset Allocation Bond Fund (GABFX).
GABF is an actively managed fund by Gabelli. It was launched on May 9, 2022. GABFX is managed by GMO. It was launched on Mar 17, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GABF or GABFX.
Key characteristics
| GABF | GABFX | |
|---|---|---|
| YTD Return | 36.68% | -7.25% |
| 1Y Return | 58.99% | 6.23% |
| Sharpe Ratio | 4.02 | 0.46 |
| Sortino Ratio | 5.03 | 0.76 |
| Omega Ratio | 1.69 | 1.09 |
| Calmar Ratio | 6.33 | 0.37 |
| Martin Ratio | 30.46 | 1.13 |
| Ulcer Index | 2.03% | 7.56% |
| Daily Std Dev | 15.35% | 18.59% |
| Max Drawdown | -17.14% | -27.84% |
| Current Drawdown | -3.40% | -16.53% |
Correlation
The correlation between GABF and GABFX is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GABF vs. GABFX - Performance Comparison
In the year-to-date period, GABF achieves a 36.68% return, which is significantly higher than GABFX's -7.25% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GABF vs. GABFX - Expense Ratio Comparison
GABF has a 0.10% expense ratio, which is lower than GABFX's 0.32% expense ratio.
Risk-Adjusted Performance
GABF vs. GABFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Financial Services Opportunities ETF (GABF) and GMO Asset Allocation Bond Fund (GABFX). 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.
Dividends
GABF vs. GABFX - Dividend Comparison
GABF's dividend yield for the trailing twelve months is around 3.62%, less than GABFX's 4.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABF Gabelli Financial Services Opportunities ETF | 3.62% | 4.95% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GABFX GMO Asset Allocation Bond Fund | 4.01% | 5.03% | 0.71% | 1.81% | 1.20% | 4.72% | 5.13% | 1.07% | 0.00% | 7.37% | 4.35% | 0.21% |
Drawdowns
GABF vs. GABFX - Drawdown Comparison
The maximum GABF drawdown since its inception was -17.14%, smaller than the maximum GABFX drawdown of -27.84%. Use the drawdown chart below to compare losses from any high point for GABF and GABFX. For additional features, visit the drawdowns tool.
Volatility
GABF vs. GABFX - Volatility Comparison
Gabelli Financial Services Opportunities ETF (GABF) has a higher volatility of 4.28% compared to GMO Asset Allocation Bond Fund (GABFX) at 3.67%. This indicates that GABF's price experiences larger fluctuations and is considered to be riskier than GABFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.