GABF vs. KBWB
Compare and contrast key facts about Gabelli Financial Services Opportunities ETF (GABF) and Invesco KBW Bank ETF (KBWB).
GABF and KBWB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GABF is an actively managed fund by Gabelli. It was launched on May 9, 2022. KBWB is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Bank Index. It was launched on Nov 1, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GABF or KBWB.
Key characteristics
| GABF | KBWB | |
|---|---|---|
| YTD Return | 36.68% | 28.47% |
| 1Y Return | 58.99% | 55.73% |
| Sharpe Ratio | 4.02 | 2.95 |
| Sortino Ratio | 5.03 | 3.95 |
| Omega Ratio | 1.69 | 1.49 |
| Calmar Ratio | 6.33 | 1.36 |
| Martin Ratio | 30.46 | 19.69 |
| Ulcer Index | 2.03% | 3.08% |
| Daily Std Dev | 15.35% | 20.33% |
| Max Drawdown | -17.14% | -50.27% |
| Current Drawdown | -3.40% | -10.94% |
Correlation
The correlation between GABF and KBWB is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GABF vs. KBWB - Performance Comparison
In the year-to-date period, GABF achieves a 36.68% return, which is significantly higher than KBWB's 28.47% 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. KBWB - Expense Ratio Comparison
GABF has a 0.10% expense ratio, which is lower than KBWB's 0.35% expense ratio.
Risk-Adjusted Performance
GABF vs. KBWB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Financial Services Opportunities ETF (GABF) and Invesco KBW Bank ETF (KBWB). 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. KBWB - Dividend Comparison
GABF's dividend yield for the trailing twelve months is around 3.62%, more than KBWB's 2.65% 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% |
KBWB Invesco KBW Bank ETF | 2.65% | 3.20% | 3.05% | 2.13% | 2.62% | 2.38% | 2.54% | 1.35% | 1.53% | 1.53% | 1.52% | 1.43% |
Drawdowns
GABF vs. KBWB - Drawdown Comparison
The maximum GABF drawdown since its inception was -17.14%, smaller than the maximum KBWB drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for GABF and KBWB. For additional features, visit the drawdowns tool.
Volatility
GABF vs. KBWB - Volatility Comparison
The current volatility for Gabelli Financial Services Opportunities ETF (GABF) is 4.28%, while Invesco KBW Bank ETF (KBWB) has a volatility of 5.23%. This indicates that GABF experiences smaller price fluctuations and is considered to be less risky than KBWB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.