GABF vs. GBHI
GABF (Gabelli Financial Services Opportunities ETF) and GBHI (Gabelli High Income ETF) are both exchange-traded funds - GABF is a Financials Equities fund actively managed by Gabelli, while GBHI is a High Yield Bonds fund actively managed by Gabelli. Both are actively managed. A 0.57 correlation means they provide meaningful diversification when combined. GABF charges 0.10%/yr vs 0.55%/yr for GBHI.
Performance
GABF vs. GBHI - Performance Comparison
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Returns By Period
In the year-to-date period, GABF achieves a -1.08% return, which is significantly lower than GBHI's 2.60% return.
GABF
- 1D
- -0.53%
- 1M
- 2.53%
- 6M
- -4.71%
- YTD
- -1.08%
- 1Y
- -4.77%
- 3Y*
- 19.31%
- 5Y*
- —
- 10Y*
- —
GBHI
- 1D
- -0.02%
- 1M
- 0.55%
- 6M
- 2.03%
- YTD
- 2.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GABF vs. GBHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GABF Gabelli Financial Services Opportunities ETF | -1.08% | 2.79% |
GBHI Gabelli High Income ETF | 2.60% | 1.27% |
Correlation
The correlation between GABF and GBHI is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.57 |
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Return for Risk
GABF vs. GBHI — Risk / Return Rank
GABF
GBHI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GABF vs. GBHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Financial Services Opportunities ETF (GABF) and Gabelli High Income ETF (GBHI). 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 | GBHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.97 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | — | — |
| Martin ratioReturn relative to average drawdown | -0.61 | — | — |
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Drawdowns
GABF vs. GBHI - Drawdown Comparison
The maximum GABF drawdown since its inception was -20.86%, which is greater than GBHI's maximum drawdown of -2.12%. Use the drawdown chart below to compare losses from any high point for GABF and GBHI.
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Drawdown Indicators
| GABF | GBHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -2.12% | -18.74% |
Max Drawdown (1Y)Largest decline over 1 year | -17.16% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -20.86% | — | — |
Current DrawdownCurrent decline from peak | -5.94% | -0.08% | -5.86% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -0.25% | -4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.81% | — | — |
Volatility
GABF vs. GBHI - Volatility Comparison
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Volatility by Period
| GABF | GBHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.32% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.44% | 3.21% | +14.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.41% | 3.21% | +17.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.41% | 3.21% | +17.20% |
GABF vs. GBHI - Expense Ratio Comparison
GABF has a 0.10% expense ratio, which is lower than GBHI's 0.55% expense ratio.
Dividends
GABF vs. GBHI - Dividend Comparison
GABF's dividend yield for the trailing twelve months is around 1.98%, less than GBHI's 3.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GABF Gabelli Financial Services Opportunities ETF | 1.98% | 1.96% | 4.19% | 4.95% | 1.31% |
GBHI Gabelli High Income ETF | 3.27% | 0.59% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GABF and GBHI have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GABF is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GABF is cheaper with a 0.10% expense ratio, compared with 0.55% for GBHI.
GBHI has the higher dividend yield at 3.27%, compared with 1.98% for GABF.
GABF is categorized as Financials Equities, while GBHI is High Yield Bonds. Their fees differ too: 0.10% for GABF and 0.55% for GBHI.
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