GBHI vs. KDVD

Last updated Jun 6, 2026

GBHI (Gabelli High Income ETF) and KDVD (Keeley Dividend ETF) are both exchange-traded funds - GBHI is a High Yield Bonds fund actively managed by Gabelli, while KDVD is a Mid Cap Blend Equities fund actively managed by Gabelli. Both are actively managed. A 0.64 correlation means they provide meaningful diversification when combined. GBHI charges 0.55%/yr vs 0.00%/yr for KDVD.

Performance

GBHI vs. KDVD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli High Income ETF (GBHI) and Keeley Dividend ETF (KDVD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GBHI achieves a 1.77% return, which is significantly lower than KDVD's 10.48% return.

GBHI

• 1D: -0.39%
• 1M: -0.24%
• YTD: 1.77%
• 6M: 2.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KDVD

• 1D: -0.70%
• 1M: -0.57%
• YTD: 10.48%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GBHI vs. KDVD - Yearly Performance Comparison

	2026 (YTD)	2025
GBHI Gabelli High Income ETF	1.77%	0.46%
KDVD Keeley Dividend ETF	10.48%	-0.26%

Correlation

The correlation between GBHI and KDVD is 0.64, 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 Dec 9, 2025	0.64

Return for Risk

GBHI vs. KDVD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli High Income ETF (GBHI) and Keeley Dividend ETF (KDVD). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GBHI	KDVD	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.73	1.46	+0.27

Drawdowns

GBHI vs. KDVD - Drawdown Comparison

The maximum GBHI drawdown since its inception was -2.12%, smaller than the maximum KDVD drawdown of -10.98%. Use the drawdown chart below to compare losses from any high point for GBHI and KDVD.

Drawdown Indicators

	GBHI	KDVD	Difference
Max Drawdown Largest peak-to-trough decline	-2.12%	-10.98%	+8.86%
Current Drawdown Current decline from peak	-0.43%	-2.35%	+1.92%
Average Drawdown Average peak-to-trough decline	-0.27%	-2.96%	+2.69%

Volatility

Volatility by Period

	GBHI	KDVD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.34%	15.17%	-11.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.34%	15.17%	-11.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.34%	15.17%	-11.83%

GBHI vs. KDVD - Expense Ratio Comparison

GBHI has a 0.55% expense ratio, which is higher than KDVD's 0.00% expense ratio.

Dividends

GBHI vs. KDVD - Dividend Comparison

GBHI's dividend yield for the trailing twelve months is around 1.85%, more than KDVD's 0.71% yield.

Position	TTM	2025
GBHI Gabelli High Income ETF	1.85%	0.59%
KDVD Keeley Dividend ETF	0.71%	0.20%

Frequently Asked Questions

Can I hold both GBHI and KDVD in my portfolio?

GBHI and KDVD have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GBHI or KDVD?

On fees, KDVD is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GBHI or KDVD?

KDVD is cheaper with a 0.00% expense ratio, compared with 0.55% for GBHI.

Which ETF pays a higher dividend yield, GBHI or KDVD?

GBHI has the higher dividend yield at 1.85%, compared with 0.71% for KDVD.

What is the main difference between GBHI and KDVD?

GBHI is categorized as High Yield Bonds, while KDVD is Mid Cap Blend Equities. Their fees differ too: 0.55% for GBHI and 0.00% for KDVD.