GABF vs. PSCF

Last updated Jul 17, 2026

GABF (Gabelli Financial Services Opportunities ETF) and PSCF (Invesco S&P SmallCap Financials ETF) are both Financials Equities funds. GABF is actively managed, while PSCF is passively managed. Over the past 3 years, GABF returned 20.28%/yr vs 18.38%/yr for PSCF. A 0.79 correlation means they provide meaningful diversification when combined. GABF charges 0.10%/yr vs 0.29%/yr for PSCF.

Performance

GABF vs. PSCF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Financial Services Opportunities ETF (GABF) and Invesco S&P SmallCap Financials ETF (PSCF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GABF achieves a -0.55% return, which is significantly lower than PSCF's 19.69% return.

GABF

• 1D: 0.60%
• 1M: 1.78%
• 6M: -4.09%
• YTD: -0.55%
• 1Y: -2.77%
• 3Y*: 20.28%
• 5Y*: —
• 10Y*: —

PSCF

• 1D: 1.95%
• 1M: 6.90%
• 6M: 14.91%
• YTD: 19.69%
• 1Y: 25.74%
• 3Y*: 18.38%
• 5Y*: 6.85%
• 10Y*: 7.79%

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

GABF vs. PSCF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GABF Gabelli Financial Services Opportunities ETF	-0.55%	3.60%	44.38%	38.92%	-0.04%
PSCF Invesco S&P SmallCap Financials ETF	19.69%	6.19%	15.50%	6.02%	-3.74%

Correlation

The correlation between GABF and PSCF is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (All Time) Calculated using the full available price history since May 10, 2022	0.79

The correlation between GABF and PSCF has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.

GABF vs. PSCF - Sectors Allocation Comparison

Sectors	GABF	PSCF
Financial Services	85.6%	67.3%
Technology	5.2%	3.5%
Industrials	4.9%	0.4%
Real Estate	4.3%	28.8%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

GABF vs. PSCF — 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

PSCF

PSCF Risk / Return Rank: 57
PSCF Sharpe Ratio Rank: 55
PSCF Sortino Ratio Rank: 57
PSCF Omega Ratio Rank: 54
PSCF Calmar Ratio Rank: 66
PSCF Martin Ratio Rank: 52

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. PSCF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Financial Services Opportunities ETF (GABF) and Invesco S&P SmallCap Financials ETF (PSCF). 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	PSCF	Difference
Sharpe ratio: Return per unit of total volatility	-0.16	1.51	-1.67
Sortino ratio: Return per unit of downside risk	-0.10	2.19	-2.29
Omega ratio: Gain probability vs. loss probability	0.99	1.27	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.16	2.61	-2.77
Martin ratio: Return relative to average drawdown	-0.36	6.96	-7.31

GABF vs. PSCF - Sharpe Ratio Comparison

The current GABF Sharpe Ratio is -0.16, which is lower than the PSCF Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of GABF and PSCF, 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. PSCF - Drawdown Comparison

The maximum GABF drawdown since its inception was -20.86%, smaller than the maximum PSCF drawdown of -45.46%. Use the drawdown chart below to compare losses from any high point for GABF and PSCF.

Drawdown Indicators

	GABF	PSCF	Difference
Max Drawdown Largest peak-to-trough decline	-20.86%	-45.46%	+24.60%
Max Drawdown (1Y) Largest decline over 1 year	-17.16%	-9.91%	-7.25%
Max Drawdown (3Y) Largest decline over 3 years	-20.86%	-24.34%	+3.48%
Max Drawdown (5Y) Largest decline over 5 years	—	-36.77%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.46%	—
Current Drawdown Current decline from peak	-5.44%	0.00%	-5.44%
Average Drawdown Average peak-to-trough decline	-4.95%	-8.53%	+3.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.80%	3.71%	+4.09%

Volatility

GABF vs. PSCF - Volatility Comparison

Gabelli Financial Services Opportunities ETF (GABF) and Invesco S&P SmallCap Financials ETF (PSCF) have volatilities of 4.48% and 4.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GABF	PSCF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	4.47%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	13.33%	12.22%	+1.11%
Volatility (1Y) Calculated over the trailing 1-year period	17.49%	17.15%	+0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.42%	22.35%	-1.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.42%	24.74%	-4.32%

GABF vs. PSCF - Expense Ratio Comparison

GABF has a 0.10% expense ratio, which is lower than PSCF's 0.29% expense ratio.

Dividends

GABF vs. PSCF - Dividend Comparison

GABF's dividend yield for the trailing twelve months is around 1.97%, less than PSCF's 2.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABF Gabelli Financial Services Opportunities ETF	1.97%	1.96%	4.19%	4.95%	1.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSCF Invesco S&P SmallCap Financials ETF	2.10%	2.09%	2.48%	3.32%	2.93%	1.83%	3.57%	4.27%	4.21%	2.26%	3.01%	2.37%

Frequently Asked Questions

Can I hold both GABF and PSCF in my portfolio?

GABF and PSCF have a correlation of 0.75, 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 PSCF?

GABF has higher volatility (4.48%) compared to PSCF (4.47%). In terms of maximum drawdown, GABF dropped -20.86% vs PSCF's -45.46%.

Which ETF is better, GABF or PSCF?

On 3-year performance, GABF leads with 20.28% vs 18.38% for PSCF. On fees, GABF is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GABF or PSCF?

Over the 3-year period, GABF has performed better with a 20.28% return vs 18.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GABF or PSCF?

GABF is cheaper with a 0.10% expense ratio, compared with 0.29% for PSCF.

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

PSCF has the higher dividend yield at 2.10%, compared with 1.97% for GABF.

What is the main difference between GABF and PSCF?

They also come from different issuers: Gabelli and Invesco. Their fees differ too: 0.10% for GABF and 0.29% for PSCF.

Which has better risk-adjusted returns?

PSCF currently has the higher Sharpe Ratio (1.51 vs -0.16), 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.