GIGB vs. GABF
Compare and contrast key facts about Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) and Gabelli Financial Services Opportunities ETF (GABF).
GIGB and GABF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GIGB is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs Investment Grade Corporate Bond Index. It was launched on Jun 6, 2017. 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: GIGB or GABF.
Performance
GIGB vs. GABF - Performance Comparison
Returns By Period
In the year-to-date period, GIGB achieves a 2.09% return, which is significantly lower than GABF's 47.72% return.
GIGB
2.09%
-2.25%
3.10%
8.30%
0.44%
N/A
GABF
47.72%
5.67%
26.24%
65.73%
N/A
N/A
Key characteristics
| GIGB | GABF | |
|---|---|---|
| Sharpe Ratio | 1.45 | 3.90 |
| Sortino Ratio | 2.19 | 5.17 |
| Omega Ratio | 1.25 | 1.70 |
| Calmar Ratio | 0.59 | 6.66 |
| Martin Ratio | 5.53 | 31.75 |
| Ulcer Index | 1.62% | 2.05% |
| Daily Std Dev | 6.19% | 16.69% |
| Max Drawdown | -22.25% | -17.14% |
| Current Drawdown | -8.11% | -2.23% |
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GIGB vs. GABF - Expense Ratio Comparison
GIGB has a 0.14% expense ratio, which is higher than GABF's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between GIGB and GABF is 0.29, 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.
Risk-Adjusted Performance
GIGB vs. GABF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) 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
GIGB vs. GABF - Dividend Comparison
GIGB's dividend yield for the trailing twelve months is around 4.30%, more than GABF's 3.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF | 4.30% | 3.67% | 3.12% | 2.26% | 2.62% | 3.22% | 3.31% | 1.55% |
GABF Gabelli Financial Services Opportunities ETF | 3.35% | 4.95% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GIGB vs. GABF - Drawdown Comparison
The maximum GIGB drawdown since its inception was -22.25%, which is greater than GABF's maximum drawdown of -17.14%. Use the drawdown chart below to compare losses from any high point for GIGB and GABF. For additional features, visit the drawdowns tool.
Volatility
GIGB vs. GABF - Volatility Comparison
The current volatility for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) is 1.88%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 7.80%. This indicates that GIGB 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.