GABF vs. VONE

Last updated Jun 13, 2026

GABF (Gabelli Financial Services Opportunities ETF) and VONE (Vanguard Russell 1000 ETF) are both exchange-traded funds - GABF is a Financials Equities fund actively managed by Gabelli, while VONE is a Large Cap Blend Equities fund tracking the Russell 1000 Index. GABF is actively managed, while VONE is passively managed. Over the past 3 years, GABF returned 20.81%/yr vs 20.64%/yr for VONE. A 0.77 correlation means they provide meaningful diversification when combined. GABF charges 0.10%/yr vs 0.08%/yr for VONE.

Performance

GABF vs. VONE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Financial Services Opportunities ETF (GABF) and Vanguard Russell 1000 ETF (VONE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GABF achieves a -3.61% return, which is significantly lower than VONE's 8.90% return.

GABF

• 1D: 0.99%
• 1M: 2.96%
• YTD: -3.61%
• 6M: -4.39%
• 1Y: -0.71%
• 3Y*: 20.81%
• 5Y*: —
• 10Y*: —

VONE

• 1D: 0.43%
• 1M: 0.28%
• YTD: 8.90%
• 6M: 9.17%
• 1Y: 23.83%
• 3Y*: 20.64%
• 5Y*: 12.60%
• 10Y*: 15.21%

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

GABF vs. VONE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GABF Gabelli Financial Services Opportunities ETF	-3.61%	3.60%	44.38%	38.92%	-0.04%
VONE Vanguard Russell 1000 ETF	8.90%	17.21%	24.51%	26.41%	-2.63%

Correlation

The correlation between GABF and VONE is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (All Time) Calculated using the full available price history since May 10, 2022	0.77

The correlation between GABF and VONE has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.

GABF vs. VONE - Sectors Allocation Comparison

Sectors	GABF	VONE
Financial Services	84.6%	11.9%
Real Estate	6.0%	2.2%
Technology	4.9%	33.9%
Industrials	4.6%	9.2%
Basic Materials	-	2.0%
Communication Services	-	10.9%
Consumer Cyclical	-	10.3%
Consumer Defensive	-	4.8%
Energy	-	3.7%
Healthcare	-	8.7%
Utilities	-	2.3%

Return for Risk

GABF vs. VONE — Risk / Return Rank

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

GABF

GABF Risk / Return Rank: 9
GABF Sharpe Ratio Rank: 9
GABF Sortino Ratio Rank: 9
GABF Omega Ratio Rank: 9
GABF Calmar Ratio Rank: 9
GABF Martin Ratio Rank: 9

VONE

VONE Risk / Return Rank: 68
VONE Sharpe Ratio Rank: 69
VONE Sortino Ratio Rank: 67
VONE Omega Ratio Rank: 67
VONE Calmar Ratio Rank: 62
VONE Martin Ratio Rank: 74

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. VONE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Financial Services Opportunities ETF (GABF) and Vanguard Russell 1000 ETF (VONE). 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	VONE	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	1.93	-1.97
Sortino ratio: Return per unit of downside risk	0.06	2.64	-2.58
Omega ratio: Gain probability vs. loss probability	1.01	1.35	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.04	2.71	-2.75
Martin ratio: Return relative to average drawdown	-0.10	12.15	-12.24

GABF vs. VONE - Sharpe Ratio Comparison

The current GABF Sharpe Ratio is -0.04, which is lower than the VONE Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of GABF and VONE, 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. VONE - Drawdown Comparison

The maximum GABF drawdown since its inception was -20.86%, smaller than the maximum VONE drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for GABF and VONE.

Drawdown Indicators

	GABF	VONE	Difference
Max Drawdown Largest peak-to-trough decline	-20.86%	-34.66%	+13.80%
Max Drawdown (1Y) Largest decline over 1 year	-17.16%	-8.85%	-8.31%
Max Drawdown (3Y) Largest decline over 3 years	-20.86%	-19.06%	-1.80%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.66%	—
Current Drawdown Current decline from peak	-8.35%	-2.20%	-6.15%
Average Drawdown Average peak-to-trough decline	-4.88%	-3.90%	-0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.44%	1.97%	+5.47%

Volatility

GABF vs. VONE - Volatility Comparison

Gabelli Financial Services Opportunities ETF (GABF) has a higher volatility of 4.81% compared to Vanguard Russell 1000 ETF (VONE) at 4.24%. This indicates that GABF's price experiences larger fluctuations and is considered to be riskier than VONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GABF	VONE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	4.24%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	13.27%	9.61%	+3.66%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	12.39%	+5.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.52%	17.14%	+3.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.52%	18.27%	+2.25%

GABF vs. VONE - Expense Ratio Comparison

GABF has a 0.10% expense ratio, which is higher than VONE's 0.08% 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%.

Dividends

GABF vs. VONE - Dividend Comparison

GABF's dividend yield for the trailing twelve months is around 2.04%, more than VONE's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABF Gabelli Financial Services Opportunities ETF	2.04%	1.96%	4.19%	4.95%	1.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VONE Vanguard Russell 1000 ETF	1.01%	1.07%	1.20%	1.40%	1.59%	1.16%	1.45%	1.65%	1.96%	1.69%	1.89%	1.89%

Frequently Asked Questions

Can I hold both GABF and VONE in my portfolio?

GABF and VONE have a correlation of 0.69, 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 VONE?

GABF has higher volatility (4.81%) compared to VONE (4.24%). In terms of maximum drawdown, GABF dropped -20.86% vs VONE's -34.66%.

Which ETF is better, GABF or VONE?

On 3-year performance, GABF leads with 20.81% vs 20.64% for VONE. On fees, VONE is cheaper at 0.08% per year. On volatility, VONE has been the lower-risk option at 4.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GABF or VONE?

Over the 3-year period, GABF has performed better with a 20.81% return vs 20.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GABF or VONE?

VONE is cheaper with a 0.08% expense ratio, compared with 0.10% for GABF.

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

GABF has the higher dividend yield at 2.04%, compared with 1.01% for VONE.

What is the main difference between GABF and VONE?

GABF is categorized as Financials Equities, while VONE is Large Cap Blend Equities. They also come from different issuers: Gabelli and Vanguard. Their fees differ too: 0.10% for GABF and 0.08% for VONE.

Which has better risk-adjusted returns?

VONE currently has the higher Sharpe Ratio (1.93 vs -0.04), 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.