GBHI vs. FTSL
GBHI (Gabelli High Income ETF) and FTSL (First Trust Senior Loan Fund) are both High Yield Bonds funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. GBHI charges 0.55%/yr vs 0.86%/yr for FTSL.
Performance
GBHI vs. FTSL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GBHI achieves a 2.28% return, which is significantly higher than FTSL's 0.52% return.
GBHI
- 1D
- 0.06%
- 1M
- 0.14%
- YTD
- 2.28%
- 6M
- 2.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTSL
- 1D
- 0.00%
- 1M
- -0.07%
- YTD
- 0.52%
- 6M
- 0.59%
- 1Y
- 3.88%
- 3Y*
- 7.04%
- 5Y*
- 4.97%
- 10Y*
- 4.50%
GBHI vs. FTSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GBHI Gabelli High Income ETF | 2.28% | 1.27% |
FTSL First Trust Senior Loan Fund | 0.52% | 0.85% |
Correlation
The correlation between GBHI and FTSL is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.52 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GBHI vs. FTSL — Risk / Return Rank
GBHI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FTSL
GBHI vs. FTSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli High Income ETF (GBHI) and First Trust Senior Loan Fund (FTSL). 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.
| GBHI | FTSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.41 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.67 | — |
| Martin ratioReturn relative to average drawdown | — | 6.20 | — |
Loading charts...
Drawdowns
GBHI vs. FTSL - Drawdown Comparison
The maximum GBHI drawdown since its inception was -2.12%, smaller than the maximum FTSL drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for GBHI and FTSL.
Loading charts...
Drawdown Indicators
| GBHI | FTSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.12% | -22.67% | +20.55% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.33% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.67% | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.16% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -0.76% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.63% | — |
Volatility
GBHI vs. FTSL - Volatility Comparison
Loading charts...
Volatility by Period
| GBHI | FTSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.32% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.31% | 2.12% | +1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.31% | 3.35% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.31% | 5.18% | -1.87% |
GBHI vs. FTSL - Expense Ratio Comparison
GBHI has a 0.55% expense ratio, which is lower than FTSL's 0.86% expense ratio.
Dividends
GBHI vs. FTSL - Dividend Comparison
GBHI's dividend yield for the trailing twelve months is around 1.84%, less than FTSL's 6.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSL First Trust Senior Loan Fund | 6.45% | 6.59% | 7.56% | 7.59% | 4.77% | 3.17% | 3.48% | 4.44% | 4.29% | 3.64% | 3.70% | 3.95% |
GBHI Gabelli High Income ETF | 1.84% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GBHI and FTSL have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GBHI is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GBHI is cheaper with a 0.55% expense ratio, compared with 0.86% for FTSL.
FTSL has the higher dividend yield at 6.45%, compared with 1.84% for GBHI.
They also come from different issuers: Gabelli and First Trust. Their fees differ too: 0.55% for GBHI and 0.86% for FTSL.
Find the right allocation for GBHI and FTSL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer