Correlation
The correlation between JHCB and GABF is 0.31, 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.
JHCB vs. GABF
Compare and contrast key facts about John Hancock Corporate Bond ETF (JHCB) and Gabelli Financial Services Opportunities ETF (GABF).
JHCB and GABF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JHCB is an actively managed fund by John Hancock. It was launched on Mar 30, 2021. 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: JHCB or GABF.
Performance
JHCB vs. GABF - Performance Comparison
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Key characteristics
JHCB:
1.01
GABF:
1.03
JHCB:
1.45
GABF:
1.43
JHCB:
1.19
GABF:
1.22
JHCB:
0.59
GABF:
1.13
JHCB:
3.16
GABF:
3.82
JHCB:
2.11%
GABF:
6.18%
JHCB:
6.47%
GABF:
24.25%
JHCB:
-22.61%
GABF:
-20.86%
JHCB:
-5.00%
GABF:
-6.74%
Returns By Period
In the year-to-date period, JHCB achieves a 2.72% return, which is significantly higher than GABF's -0.67% return.
JHCB
2.72%
0.63%
0.78%
6.49%
3.27%
N/A
N/A
GABF
-0.67%
5.38%
-6.60%
24.73%
23.00%
N/A
N/A
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JHCB vs. GABF - Expense Ratio Comparison
JHCB has a 0.29% expense ratio, which is higher than GABF's 0.10% expense ratio.
Risk-Adjusted Performance
JHCB vs. GABF — Risk-Adjusted Performance Rank
JHCB
GABF
JHCB vs. GABF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Corporate Bond ETF (JHCB) 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.
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Dividends
JHCB vs. GABF - Dividend Comparison
JHCB's dividend yield for the trailing twelve months is around 5.25%, more than GABF's 4.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
JHCB John Hancock Corporate Bond ETF | 5.25% | 5.01% | 4.36% | 3.86% | 2.42% |
GABF Gabelli Financial Services Opportunities ETF | 4.22% | 4.19% | 4.95% | 1.31% | 0.00% |
Drawdowns
JHCB vs. GABF - Drawdown Comparison
The maximum JHCB drawdown since its inception was -22.61%, which is greater than GABF's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for JHCB and GABF.
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Volatility
JHCB vs. GABF - Volatility Comparison
The current volatility for John Hancock Corporate Bond ETF (JHCB) is 1.58%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 5.30%. This indicates that JHCB 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.
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