GABF vs. HSBH

Last updated Jun 24, 2026

GABF (Gabelli Financial Services Opportunities ETF) and HSBH (HSBC Holdings plc ADRhedged ETF) are both Financials Equities funds. GABF is actively managed, while HSBH is passively managed. Over the past year, GABF returned -1.50% vs 71.13% for HSBH. At a 0.48 correlation, their price movements are largely independent. GABF charges 0.10%/yr vs 0.19%/yr for HSBH.

Performance

GABF vs. HSBH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Financial Services Opportunities ETF (GABF) and HSBC Holdings plc ADRhedged ETF (HSBH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GABF achieves a -4.42% return, which is significantly lower than HSBH's 26.93% return.

GABF

• 1D: -0.39%
• 1M: 0.90%
• YTD: -4.42%
• 6M: -5.68%
• 1Y: -1.50%
• 3Y*: 21.50%
• 5Y*: —
• 10Y*: —

HSBH

• 1D: -0.47%
• 1M: 5.69%
• YTD: 26.93%
• 6M: 26.23%
• 1Y: 71.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GABF vs. HSBH - Yearly Performance Comparison

	2026 (YTD)	2025
GABF Gabelli Financial Services Opportunities ETF	-4.42%	15.14%
HSBH HSBC Holdings plc ADRhedged ETF	26.93%	39.95%

Correlation

The correlation between GABF and HSBH is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.48

GABF vs. HSBH - Sectors Allocation Comparison

Sectors	GABF	HSBH
Financial Services	85.6%	97.4%
Technology	5.2%	-
Industrials	4.9%	-
Real Estate	4.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

GABF vs. HSBH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GABF

GABF Risk / Return Rank: 8
GABF Sharpe Ratio Rank: 8
GABF Sortino Ratio Rank: 7
GABF Omega Ratio Rank: 7
GABF Calmar Ratio Rank: 8
GABF Martin Ratio Rank: 8

HSBH

HSBH Risk / Return Rank: 90
HSBH Sharpe Ratio Rank: 93
HSBH Sortino Ratio Rank: 91
HSBH Omega Ratio Rank: 90
HSBH Calmar Ratio Rank: 89
HSBH Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GABF vs. HSBH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Financial Services Opportunities ETF (GABF) and HSBC Holdings plc ADRhedged ETF (HSBH). 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	HSBH	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	3.02	-3.11
Sortino ratio: Return per unit of downside risk	0.00	3.80	-3.80
Omega ratio: Gain probability vs. loss probability	1.00	1.52	-0.52
Calmar ratio: Return relative to maximum drawdown	-0.09	4.83	-4.92
Martin ratio: Return relative to average drawdown	-0.20	17.50	-17.70

GABF vs. HSBH - Sharpe Ratio Comparison

The current GABF Sharpe Ratio is -0.09, which is lower than the HSBH Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of GABF and HSBH, 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. HSBH - Drawdown Comparison

The maximum GABF drawdown since its inception was -20.86%, which is greater than HSBH's maximum drawdown of -14.81%. Use the drawdown chart below to compare losses from any high point for GABF and HSBH.

Drawdown Indicators

	GABF	HSBH	Difference
Max Drawdown Largest peak-to-trough decline	-20.86%	-14.81%	-6.05%
Max Drawdown (1Y) Largest decline over 1 year	-17.16%	-14.81%	-2.35%
Max Drawdown (3Y) Largest decline over 3 years	-20.86%	—	—
Current Drawdown Current decline from peak	-9.12%	-0.47%	-8.65%
Average Drawdown Average peak-to-trough decline	-4.90%	-2.33%	-2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.55%	4.08%	+3.47%

Volatility

GABF vs. HSBH - Volatility Comparison

The current volatility for Gabelli Financial Services Opportunities ETF (GABF) is 4.38%, while HSBC Holdings plc ADRhedged ETF (HSBH) has a volatility of 8.22%. This indicates that GABF experiences smaller price fluctuations and is considered to be less risky than HSBH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GABF	HSBH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	8.22%	-3.84%
Volatility (6M) Calculated over the trailing 6-month period	13.29%	19.28%	-5.99%
Volatility (1Y) Calculated over the trailing 1-year period	17.47%	23.64%	-6.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.48%	22.88%	-2.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.48%	22.88%	-2.40%

GABF vs. HSBH - Expense Ratio Comparison

GABF has a 0.10% expense ratio, which is lower than HSBH's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GABF vs. HSBH - Dividend Comparison

GABF's dividend yield for the trailing twelve months is around 2.05%, less than HSBH's 2.34% yield.

Position	TTM	2025	2024	2023	2022
GABF Gabelli Financial Services Opportunities ETF	2.05%	1.96%	4.19%	4.95%	1.31%
HSBH HSBC Holdings plc ADRhedged ETF	2.34%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GABF and HSBH in my portfolio?

GABF and HSBH have a correlation of 0.49, 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 HSBH?

HSBH has higher volatility (8.22%) compared to GABF (4.38%). In terms of maximum drawdown, GABF dropped -20.86% vs HSBH's -14.81%.

Which ETF is better, GABF or HSBH?

On 1-year performance, HSBH leads with 71.13% vs -1.50% for GABF. On fees, GABF is cheaper at 0.10% per year. On volatility, GABF has been the lower-risk option at 4.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GABF or HSBH?

Over the 1-year period, HSBH has performed better with a 71.13% return vs -1.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GABF or HSBH?

GABF is cheaper with a 0.10% expense ratio, compared with 0.19% for HSBH.

Which ETF pays a higher dividend yield, GABF or HSBH?

HSBH has the higher dividend yield at 2.34%, compared with 2.05% for GABF.

What is the main difference between GABF and HSBH?

They also come from different issuers: Gabelli and ADRhedged. Their fees differ too: 0.10% for GABF and 0.19% for HSBH.

Which has better risk-adjusted returns?

HSBH currently has the higher Sharpe Ratio (3.02 vs -0.09), 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.