GABF vs. GABFX

Last updated Aug 2, 2026

GABF (Gabelli Financial Services Opportunities ETF) and GABFX (GMO Asset Allocation Bond Fund) are both funds - GABF is a Financials Equities fund actively managed by Gabelli, while GABFX is a Inflation-Protected Bonds fund managed by GMO. Over the past 3 years, GABF returned 18.82%/yr vs -1.49%/yr for GABFX. Their 0.08 correlation means their historical movements had little consistent relationship. GABF charges 0.10%/yr vs 0.32%/yr for GABFX.

Performance

GABF vs. GABFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Financial Services Opportunities ETF (GABF) and GMO Asset Allocation Bond Fund (GABFX). 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 higher than GABFX's -6.32% 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%

GABFX

• 1D: -0.51%
• 1M: -2.02%
• 6M: -5.61%
• YTD: -6.32%
• 1Y: -4.62%
• 3Y*: -1.49%
• 5Y*: -4.23%
• 10Y*: 0.17%
• ALL TIME*: 0.99%

*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)
GABF Gabelli Financial Services Opportunities ETF	$95.56K	$89.02K	$204.10K
GABFX GMO Asset Allocation Bond Fund	$0.00	$0.00	$0.00

GABF vs. GABFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GABF Gabelli Financial Services Opportunities ETF	-1.93%	3.60%	44.38%	38.92%	-0.04%
GABFX GMO Asset Allocation Bond Fund	-6.32%	8.82%	-12.60%	8.33%	-4.53%

Correlation

The correlation between GABF and GABFX is 0.18, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.18
Correlation (3Y) Balances recent behavior with more history.	0.08
Correlation (All Time) Calculated using the full available price history since May 10, 2022	0.08

Return for Risk

GABF vs. GABFX — 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

GABFX

GABFX Risk / Return Rank: 3
GABFX Sharpe Ratio Rank: 3
GABFX Sortino Ratio Rank: 3
GABFX Omega Ratio Rank: 3
GABFX Calmar Ratio Rank: 3
GABFX Martin Ratio Rank: 3

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. GABFX - Risk-Adjusted Trends 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.

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	GABFX	Difference
Sharpe ratio: Return per unit of total volatility	-0.25	-0.20	-0.05
Sortino ratio: Return per unit of downside risk	-0.22	-0.22	0.00
Omega ratio: Gain probability vs. loss probability	0.97	0.98	0.00
Calmar ratio: Return relative to maximum drawdown	-0.26	-0.19	-0.07
Martin ratio: Return relative to average drawdown	-0.56	-0.41	-0.15

GABF vs. GABFX - Sharpe Ratio Comparison

The current GABF Sharpe Ratio is -0.25, which is comparable to the GABFX Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of GABF and GABFX, 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. GABFX - Drawdown Comparison

The maximum GABF drawdown since its inception was -20.86%, 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.

Drawdown Indicators

	GABF	GABFX	Difference
Max Drawdown Largest peak-to-trough decline	-20.86%	-27.84%	+6.98%
Max Drawdown (1Y) Largest decline over 1 year	-17.16%	-10.10%	-7.06%
Max Drawdown (3Y) Largest decline over 3 years	-20.86%	-19.48%	-1.38%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.84%	—
Current Drawdown Current decline from peak	-6.75%	-19.81%	+13.06%
Average Drawdown Average peak-to-trough decline	-4.97%	-7.40%	+2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.90%	4.70%	+3.20%

Volatility

GABF vs. GABFX - Volatility Comparison

Gabelli Financial Services Opportunities ETF (GABF) has a higher volatility of 4.51% compared to GMO Asset Allocation Bond Fund (GABFX) at 2.17%. 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.

Volatility by Period

	GABF	GABFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.51%	2.17%	+2.34%
Volatility (6M) Calculated over the trailing 6-month period	13.17%	6.62%	+6.55%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	9.70%	+7.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.37%	14.06%	+6.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.37%	10.39%	+9.98%

GABF vs. GABFX - Expense Ratio Comparison

GABF has a 0.10% expense ratio, which is lower than GABFX's 0.32% expense ratio.

Dividends

GABF vs. GABFX - Dividend Comparison

GABF's dividend yield for the trailing twelve months is around 2.00%, less than GABFX's 2.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABF Gabelli Financial Services Opportunities ETF	2.00%	1.96%	4.19%	4.95%	1.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GABFX GMO Asset Allocation Bond Fund	2.93%	2.69%	4.19%	5.03%	0.71%	1.81%	1.20%	4.72%	5.13%	1.07%	0.00%	7.43%

Frequently Asked Questions

Can I hold both GABF and GABFX in my portfolio?

GABF and GABFX have a correlation of 0.18, 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 GABFX?

GABF has higher volatility (4.51%) compared to GABFX (2.17%). In terms of maximum drawdown, GABF dropped -20.86% vs GABFX's -27.84%.

Which has better risk-adjusted returns?

GABFX currently has the higher Sharpe Ratio (-0.20 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.