HSBH vs. GABF

Last updated Jun 6, 2026

HSBH (HSBC Holdings plc ADRhedged ETF) and GABF (Gabelli Financial Services Opportunities ETF) are both Financials Equities funds. HSBH is passively managed, while GABF is actively managed. Over the past year, HSBH returned 60.04% vs -1.29% for GABF. A 0.50 correlation means they provide meaningful diversification when combined. HSBH charges 0.19%/yr vs 0.10%/yr for GABF.

Performance

HSBH vs. GABF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HSBC Holdings plc ADRhedged ETF (HSBH) and Gabelli Financial Services Opportunities ETF (GABF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HSBH achieves a 19.58% return, which is significantly higher than GABF's -5.27% return.

HSBH

• 1D: -1.17%
• 1M: 1.73%
• YTD: 19.58%
• 6M: 30.69%
• 1Y: 60.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GABF

• 1D: -0.53%
• 1M: -1.97%
• YTD: -5.27%
• 6M: -4.47%
• 1Y: -1.29%
• 3Y*: 20.79%
• 5Y*: —
• 10Y*: —

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

HSBH vs. GABF - Yearly Performance Comparison

	2026 (YTD)	2025
HSBH HSBC Holdings plc ADRhedged ETF	19.58%	40.02%
GABF Gabelli Financial Services Opportunities ETF	-5.27%	13.13%

Correlation

The correlation between HSBH and GABF 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 (1Y) Calculated over the trailing 1-year period	0.52
Correlation (All Time) Calculated using the full available price history since Apr 24, 2025	0.50

The correlation between HSBH and GABF has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.

HSBH vs. GABF - Sectors Allocation Comparison

Sectors	HSBH	GABF
Financial Services	100.0%	84.6%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	4.6%
Real Estate	-	6.0%
Technology	-	4.9%
Utilities	-	-

Return for Risk

HSBH vs. GABF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HSBH

HSBH Risk / Return Rank: 84
HSBH Sharpe Ratio Rank: 88
HSBH Sortino Ratio Rank: 84
HSBH Omega Ratio Rank: 84
HSBH Calmar Ratio Rank: 83
HSBH Martin Ratio Rank: 82

GABF

GABF Risk / Return Rank: 8
GABF Sharpe Ratio Rank: 9
GABF Sortino Ratio Rank: 8
GABF Omega Ratio Rank: 8
GABF Calmar Ratio Rank: 8
GABF Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HSBH vs. GABF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC Holdings plc ADRhedged ETF (HSBH) 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.

	HSBH	GABF	Difference
Sharpe ratio: Return per unit of total volatility	2.64	-0.07	+2.72
Sortino ratio: Return per unit of downside risk	3.42	0.02	+3.41
Omega ratio: Gain probability vs. loss probability	1.46	1.00	+0.46
Calmar ratio: Return relative to maximum drawdown	4.07	-0.08	+4.15
Martin ratio: Return relative to average drawdown	14.96	-0.18	+15.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HSBH vs. GABF - Sharpe Ratio Comparison

The current HSBH Sharpe Ratio is 2.64, which is higher than the GABF Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of HSBH and GABF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HSBH	GABF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	-0.07	+2.72
Sharpe Ratio (All Time) Calculated using the full available price history	2.62	0.89	+1.73

Drawdowns

HSBH vs. GABF - Drawdown Comparison

The maximum HSBH drawdown since its inception was -14.81%, smaller than the maximum GABF drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for HSBH and GABF.

Drawdown Indicators

	HSBH	GABF	Difference
Max Drawdown Largest peak-to-trough decline	-14.81%	-20.86%	+6.05%
Max Drawdown (1Y) Largest decline over 1 year	-14.81%	-17.16%	+2.35%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.86%	—
Current Drawdown Current decline from peak	-3.52%	-9.93%	+6.41%
Average Drawdown Average peak-to-trough decline	-2.34%	-4.87%	+2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	7.32%	-3.30%

Volatility

HSBH vs. GABF - Volatility Comparison

HSBC Holdings plc ADRhedged ETF (HSBH) has a higher volatility of 6.52% compared to Gabelli Financial Services Opportunities ETF (GABF) at 4.93%. This indicates that HSBH's price experiences larger fluctuations and is considered to be riskier than GABF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSBH	GABF	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.52%	4.93%	+1.59%
Volatility (6M) Calculated over the trailing 6-month period	18.58%	13.24%	+5.34%
Volatility (1Y) Calculated over the trailing 1-year period	22.83%	17.54%	+5.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.43%	20.56%	+1.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.43%	20.56%	+1.87%

HSBH vs. GABF - Expense Ratio Comparison

HSBH has a 0.19% 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%.

Dividends

HSBH vs. GABF - Dividend Comparison

HSBH's dividend yield for the trailing twelve months is around 0.34%, less than GABF's 2.07% yield.

Position	TTM	2025	2024	2023	2022
GABF Gabelli Financial Services Opportunities ETF	2.07%	1.96%	4.19%	4.95%	1.31%
HSBH HSBC Holdings plc ADRhedged ETF	0.34%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HSBH and GABF in my portfolio?

HSBH and GABF 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.

Which is riskier, HSBH or GABF?

HSBH has higher volatility (6.52%) compared to GABF (4.93%). In terms of maximum drawdown, HSBH dropped -14.81% vs GABF's -20.86%.

Which ETF is better, HSBH or GABF?

On 1-year performance, HSBH leads with 60.04% vs -1.29% for GABF. On fees, GABF is cheaper at 0.10% per year. On volatility, GABF has been the lower-risk option at 4.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HSBH or GABF?

Over the 1-year period, HSBH has performed better with a 60.04% return vs -1.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HSBH or GABF?

GABF is cheaper with a 0.10% expense ratio, compared with 0.19% for HSBH.

Which ETF pays a higher dividend yield, HSBH or GABF?

GABF has the higher dividend yield at 2.07%, compared with 0.34% for HSBH.

What is the main difference between HSBH and GABF?

They also come from different issuers: ADRhedged and Gabelli. Their fees differ too: 0.19% for HSBH and 0.10% for GABF.

Which has better risk-adjusted returns?

HSBH currently has the higher Sharpe Ratio (2.64 vs -0.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.