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IAT vs. GABF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAT vs. GABF

Last updated Jun 4, 2026

IAT (iShares U.S. Regional Banks ETF) and GABF (Gabelli Financial Services Opportunities ETF) are both Financials Equities funds. IAT is passively managed, while GABF is actively managed. Over the past 3 years, IAT returned 22.20%/yr vs 20.47%/yr for GABF. A 0.79 correlation means they provide meaningful diversification when combined. IAT charges 0.42%/yr vs 0.10%/yr for GABF.

Performance

IAT vs. GABF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Regional Banks ETF (IAT) and Gabelli Financial Services Opportunities ETF (GABF). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IAT achieves a 2.80% return, which is significantly higher than GABF's -7.03% return.

IAT

1D
-1.71%
1M
-1.74%
YTD
2.80%
6M
7.09%
1Y
22.99%
3Y*
22.20%
5Y*
1.35%
10Y*
7.95%

GABF

1D
-1.89%
1M
-3.11%
YTD
-7.03%
6M
-6.24%
1Y
-3.20%
3Y*
20.47%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IAT vs. GABF - Yearly Performance Comparison

2026 (YTD)2025202420232022
IAT
iShares U.S. Regional Banks ETF		2.80%13.05%24.36%-8.53%-6.13%
GABF
Gabelli Financial Services Opportunities ETF		-7.03%3.60%44.38%38.92%0.40%

Correlation

The correlation between IAT and GABF is 0.74, 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

0.74

Correlation (3Y)
Calculated over the trailing 3-year period

0.77

Correlation (All Time)
Calculated using the full available price history since May 11, 2022

0.79

The correlation between IAT and GABF has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.

IAT vs. GABF - Sectors Allocation Comparison

Sectors
IAT
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

-

-

Financial Services

IAT
100.0%
GABF
84.6%

Basic Materials

IAT

-

GABF

-

Communication Services

IAT

-

GABF

-

Consumer Cyclical

IAT

-

GABF

-

Consumer Defensive

IAT

-

GABF

-

Energy

IAT

-

GABF

-

Healthcare

IAT

-

GABF

-

Industrials

IAT

-

GABF
4.6%

Real Estate

IAT

-

GABF
6.0%

Technology

IAT

-

GABF
4.9%

Utilities

IAT

-

GABF

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Regional Banks ETF

Gabelli Financial Services Opportunities ETF

Often compared with IAT:
IAT vs. KREIAT vs. KCEIAT vs. MTBIAT vs. PKWIAT vs. XLFIAT vs. JPMIAT vs. SPY
Often compared with GABF:
GABF vs. GABFXGABF vs. ASETGABF vs. IYGGABF vs. XLFGABF vs. DFSBGABF vs. VOOGABF vs. DFGX

Return for Risk

IAT vs. GABF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAT
IAT Risk / Return Rank: 2727
Overall Rank
IAT Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
IAT Sortino Ratio Rank: 2828
Sortino Ratio Rank
IAT Omega Ratio Rank: 2929
Omega Ratio Rank
IAT Calmar Ratio Rank: 2727
Calmar Ratio Rank
IAT Martin Ratio Rank: 2525
Martin Ratio Rank
GABF
GABF Risk / Return Rank: 77
Overall Rank
GABF Sharpe Ratio Rank: 77
Sharpe Ratio Rank
GABF Sortino Ratio Rank: 66
Sortino Ratio Rank
GABF Omega Ratio Rank: 66
Omega Ratio Rank
GABF Calmar Ratio Rank: 77
Calmar Ratio Rank
GABF Martin Ratio Rank: 77
Martin Ratio Rank
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.

IAT vs. GABF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Regional Banks ETF (IAT) 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.

IATGABFDifference
Sharpe ratioReturn per unit of total volatility
1.06
-0.19

+1.24

Sortino ratioReturn per unit of downside risk
1.52
-0.13

+1.66

Omega ratioGain probability vs. loss probability

1.20

0.98

+0.21

Calmar ratioReturn relative to maximum drawdown

1.32

-0.19

+1.51

Martin ratioReturn relative to average drawdown

3.38

-0.44

+3.82

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IAT vs. GABF - Sharpe Ratio Comparison

The current IAT Sharpe Ratio is 1.06, which is higher than the GABF Sharpe Ratio of -0.19. The chart below compares the historical Sharpe Ratios of IAT 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.

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Sharpe Ratios by Period

IATGABFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.06

-0.19

+1.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.05

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.26

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.10

0.87

-0.77

Drawdowns

IAT vs. GABF - Drawdown Comparison

The maximum IAT drawdown since its inception was -77.22%, which is greater than GABF's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for IAT and GABF.

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Drawdown Indicators

IATGABFDifference

Max Drawdown

Largest peak-to-trough decline

-77.22%

-20.86%

-56.36%

Max Drawdown (1Y)

Largest decline over 1 year

-17.49%

-17.16%

-0.33%

Max Drawdown (3Y)

Largest decline over 3 years

-29.29%

-20.86%

-8.43%

Max Drawdown (5Y)

Largest decline over 5 years

-55.55%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-55.55%

—

—

Current Drawdown

Current decline from peak

-9.75%

-11.60%

+1.85%

Average Drawdown

Average peak-to-trough decline

-26.97%

-4.86%

-22.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.81%

7.27%

-0.46%

Volatility

IAT vs. GABF - Volatility Comparison

iShares U.S. Regional Banks ETF (IAT) has a higher volatility of 6.12% compared to Gabelli Financial Services Opportunities ETF (GABF) at 4.28%. This indicates that IAT'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.

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Volatility by Period

IATGABFDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.12%

4.28%

+1.84%

Volatility (6M)

Calculated over the trailing 6-month period

15.74%

13.14%

+2.60%

Volatility (1Y)

Calculated over the trailing 1-year period

21.86%

17.37%

+4.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.03%

20.54%

+8.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.78%

20.54%

+10.24%

IAT vs. GABF - Expense Ratio Comparison

IAT has a 0.42% expense ratio, which is higher than GABF's 0.10% expense ratio.

Dividends

IAT vs. GABF - Dividend Comparison

IAT's dividend yield for the trailing twelve months is around 2.88%, more than GABF's 2.11% yield.

PositionTTM20252024202320222021202020192018201720162015
GABF
Gabelli Financial Services Opportunities ETF		2.11%1.96%4.19%4.95%1.31%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IAT
iShares U.S. Regional Banks ETF		2.88%2.94%2.95%3.56%3.12%1.88%2.87%2.49%2.48%1.55%1.52%1.78%

Frequently Asked Questions

IAT and GABF have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IAT has higher volatility (6.12%) compared to GABF (4.28%). In terms of maximum drawdown, IAT dropped -77.22% vs GABF's -20.86%.

On 3-year performance, IAT leads with 22.20% vs 20.47% for GABF. On fees, GABF is cheaper at 0.10% per year. On volatility, GABF has been the lower-risk option at 4.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IAT has performed better with a 22.20% return vs 20.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

GABF is cheaper with a 0.10% expense ratio, compared with 0.42% for IAT.

IAT has the higher dividend yield at 2.88%, compared with 2.11% for GABF.

They also come from different issuers: iShares and Gabelli. Their fees differ too: 0.42% for IAT and 0.10% for GABF.

IAT currently has the higher Sharpe Ratio (1.06 vs -0.19), 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.

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