GABF vs. SPY
Compare and contrast key facts about Gabelli Financial Services Opportunities ETF (GABF) and SPDR S&P 500 ETF (SPY).
GABF and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GABF or SPY.
Key characteristics
| GABF | SPY | |
|---|---|---|
| YTD Return | 36.68% | 21.01% |
| 1Y Return | 58.99% | 32.86% |
| Sharpe Ratio | 4.02 | 2.83 |
| Sortino Ratio | 5.03 | 3.76 |
| Omega Ratio | 1.69 | 1.53 |
| Calmar Ratio | 6.33 | 4.05 |
| Martin Ratio | 30.46 | 18.38 |
| Ulcer Index | 2.03% | 1.85% |
| Daily Std Dev | 15.35% | 12.02% |
| Max Drawdown | -17.14% | -55.19% |
| Current Drawdown | -3.40% | -2.53% |
Correlation
The correlation between GABF and SPY is 0.78, 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. SPY - Performance Comparison
In the year-to-date period, GABF achieves a 36.68% return, which is significantly higher than SPY's 21.01% 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. SPY - Expense Ratio Comparison
GABF has a 0.10% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
GABF vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Financial Services Opportunities ETF (GABF) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
GABF's dividend yield for the trailing twelve months is around 3.62%, more than SPY's 1.23% 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% |
SPY SPDR S&P 500 ETF | 1.23% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
GABF vs. SPY - Drawdown Comparison
The maximum GABF drawdown since its inception was -17.14%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GABF and SPY. For additional features, visit the drawdowns tool.
Volatility
GABF vs. SPY - Volatility Comparison
Gabelli Financial Services Opportunities ETF (GABF) has a higher volatility of 4.28% compared to SPDR S&P 500 ETF (SPY) at 3.15%. This indicates that GABF's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.