GABF vs. ^GSPC
Compare and contrast key facts about Gabelli Financial Services Opportunities ETF (GABF) and S&P 500 (^GSPC).
GABF is an actively managed fund by Gabelli. It was launched on May 9, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GABF or ^GSPC.
Key characteristics
| GABF | ^GSPC | |
|---|---|---|
| YTD Return | 36.68% | 19.77% |
| 1Y Return | 58.99% | 31.07% |
| Sharpe Ratio | 4.02 | 2.67 |
| Sortino Ratio | 5.03 | 3.55 |
| Omega Ratio | 1.69 | 1.50 |
| Calmar Ratio | 6.33 | 3.45 |
| Martin Ratio | 30.46 | 17.04 |
| Ulcer Index | 2.03% | 1.90% |
| Daily Std Dev | 15.35% | 12.10% |
| Max Drawdown | -17.14% | -56.78% |
| Current Drawdown | -3.40% | -2.59% |
Correlation
The correlation between GABF and ^GSPC 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. ^GSPC - Performance Comparison
In the year-to-date period, GABF achieves a 36.68% return, which is significantly higher than ^GSPC's 19.77% 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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Risk-Adjusted Performance
GABF vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Financial Services Opportunities ETF (GABF) and S&P 500 (^GSPC). 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.
Drawdowns
GABF vs. ^GSPC - Drawdown Comparison
The maximum GABF drawdown since its inception was -17.14%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for GABF and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
GABF vs. ^GSPC - Volatility Comparison
Gabelli Financial Services Opportunities ETF (GABF) has a higher volatility of 4.28% compared to S&P 500 (^GSPC) at 3.11%. This indicates that GABF's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.