GABF vs. XFLT
GABF (Gabelli Financial Services Opportunities ETF) is Financials Equities fund actively managed by Gabelli, while XFLT (XAI Octagon Floating Rate & Alternative Income Term Trust) is a stock. Over the past 3 years, GABF returned 20.81%/yr vs -4.75%/yr for XFLT. At a 0.21 correlation, their price movements are largely independent.
Performance
GABF vs. XFLT - Performance Comparison
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Returns By Period
In the year-to-date period, GABF achieves a -3.61% return, which is significantly higher than XFLT's -19.80% return.
GABF
- 1D
- 0.99%
- 1M
- 2.96%
- YTD
- -3.61%
- 6M
- -4.39%
- 1Y
- -0.71%
- 3Y*
- 20.81%
- 5Y*
- —
- 10Y*
- —
XFLT
- 1D
- 0.28%
- 1M
- -6.21%
- YTD
- -19.80%
- 6M
- -15.02%
- 1Y
- -26.28%
- 3Y*
- -4.75%
- 5Y*
- -4.53%
- 10Y*
- —
GABF vs. XFLT - 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% |
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | -19.80% | -15.35% | 7.37% | 30.40% | -16.12% |
Correlation
The correlation between GABF and XFLT is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 10, 2022 | 0.21 |
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Return for Risk
GABF vs. XFLT — Risk / Return Rank
GABF
XFLT
GABF vs. XFLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Financial Services Opportunities ETF (GABF) and XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT). 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 | XFLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.78 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | -0.65 | +0.61 |
| Martin ratioReturn relative to average drawdown | -0.10 | -1.34 | +1.24 |
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Drawdowns
GABF vs. XFLT - Drawdown Comparison
The maximum GABF drawdown since its inception was -20.86%, smaller than the maximum XFLT drawdown of -55.43%. Use the drawdown chart below to compare losses from any high point for GABF and XFLT.
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Drawdown Indicators
| GABF | XFLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -55.43% | +34.57% |
Max Drawdown (1Y)Largest decline over 1 year | -17.16% | -40.67% | +23.51% |
Max Drawdown (3Y)Largest decline over 3 years | -20.86% | -47.04% | +26.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.04% | — |
Current DrawdownCurrent decline from peak | -8.35% | -36.23% | +27.88% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -14.43% | +9.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.44% | 19.64% | -12.20% |
Volatility
GABF vs. XFLT - Volatility Comparison
Gabelli Financial Services Opportunities ETF (GABF) has a higher volatility of 4.81% compared to XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) at 3.23%. This indicates that GABF's price experiences larger fluctuations and is considered to be riskier than XFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GABF | XFLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 3.23% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 13.27% | 18.38% | -5.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.57% | 20.44% | -2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.52% | 21.11% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.52% | 26.14% | -5.62% |
Dividends
GABF vs. XFLT - Dividend Comparison
GABF's dividend yield for the trailing twelve months is around 2.04%, less than XFLT's 21.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | 21.19% | 18.23% | 15.24% | 13.61% | 13.86% | 9.82% | 10.64% | 10.63% | 11.33% | 1.47% |
Frequently Asked Questions
GABF and XFLT have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GABF has higher volatility (4.81%) compared to XFLT (3.23%). In terms of maximum drawdown, GABF dropped -20.86% vs XFLT's -55.43%.
GABF currently has the higher Sharpe Ratio (-0.04 vs -1.29), 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.
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