GABFX vs. GABF
Compare and contrast key facts about GMO Asset Allocation Bond Fund (GABFX) and Gabelli Financial Services Opportunities ETF (GABF).
GABFX is managed by GMO. It was launched on Mar 17, 2009. 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: GABFX or GABF.
Key characteristics
| GABFX | GABF | |
|---|---|---|
| YTD Return | -7.25% | 36.68% |
| 1Y Return | 6.23% | 58.99% |
| Sharpe Ratio | 0.46 | 4.02 |
| Sortino Ratio | 0.76 | 5.03 |
| Omega Ratio | 1.09 | 1.69 |
| Calmar Ratio | 0.37 | 6.33 |
| Martin Ratio | 1.13 | 30.46 |
| Ulcer Index | 7.56% | 2.03% |
| Daily Std Dev | 18.59% | 15.35% |
| Max Drawdown | -27.84% | -17.14% |
| Current Drawdown | -16.53% | -3.40% |
Correlation
The correlation between GABFX and GABF is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GABFX vs. GABF - Performance Comparison
In the year-to-date period, GABFX achieves a -7.25% return, which is significantly lower than GABF's 36.68% 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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GABFX vs. GABF - Expense Ratio Comparison
GABFX has a 0.32% expense ratio, which is higher than GABF's 0.10% expense ratio.
Risk-Adjusted Performance
GABFX vs. GABF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Asset Allocation Bond Fund (GABFX) and Gabelli Financial Services Opportunities ETF (GABF). 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
GABFX vs. GABF - Dividend Comparison
GABFX's dividend yield for the trailing twelve months is around 4.01%, more than GABF's 3.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABFX GMO Asset Allocation Bond Fund | 4.01% | 5.03% | 0.71% | 1.81% | 1.20% | 4.72% | 5.13% | 1.07% | 0.00% | 7.37% | 4.35% | 0.21% |
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% |
Drawdowns
GABFX vs. GABF - Drawdown Comparison
The maximum GABFX drawdown since its inception was -27.84%, which is greater than GABF's maximum drawdown of -17.14%. Use the drawdown chart below to compare losses from any high point for GABFX and GABF. For additional features, visit the drawdowns tool.
Volatility
GABFX vs. GABF - Volatility Comparison
The current volatility for GMO Asset Allocation Bond Fund (GABFX) is 3.67%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 4.28%. This indicates that GABFX experiences smaller price fluctuations and is considered to be less risky than GABF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.