LQDB vs. GABF
LQDB (iShares BBB Rated Corporate Bond ETF) and GABF (Gabelli Financial Services Opportunities ETF) are both exchange-traded funds - LQDB is a Corporate Bonds fund tracking the iBoxx USD Liquid Investment Grade BBB 0+ Index , while GABF is a Financials Equities fund actively managed by Gabelli. LQDB is passively managed, while GABF is actively managed. Over the past 3 years, LQDB returned 5.56%/yr vs 21.50%/yr for GABF. At a 0.29 correlation, their price movements are largely independent. LQDB charges 0.15%/yr vs 0.10%/yr for GABF.
Performance
LQDB vs. GABF - Performance Comparison
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Returns By Period
In the year-to-date period, LQDB achieves a 1.04% return, which is significantly higher than GABF's -4.42% return.
LQDB
- 1D
- 0.13%
- 1M
- 0.83%
- YTD
- 1.04%
- 6M
- 1.11%
- 1Y
- 5.16%
- 3Y*
- 5.56%
- 5Y*
- 0.67%
- 10Y*
- —
GABF
- 1D
- -0.39%
- 1M
- 0.90%
- YTD
- -4.42%
- 6M
- -5.68%
- 1Y
- -1.50%
- 3Y*
- 21.50%
- 5Y*
- —
- 10Y*
- —
LQDB vs. GABF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LQDB iShares BBB Rated Corporate Bond ETF | 1.04% | 7.50% | 2.37% | 9.60% | -2.17% |
GABF Gabelli Financial Services Opportunities ETF | -4.42% | 3.60% | 44.38% | 38.92% | -0.04% |
Correlation
The correlation between LQDB and GABF is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 10, 2022 | 0.29 |
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Return for Risk
LQDB vs. GABF — Risk / Return Rank
LQDB
GABF
LQDB vs. GABF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BBB Rated Corporate Bond ETF (LQDB) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LQDB | GABF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.00 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | -0.09 | +2.03 |
| Martin ratioReturn relative to average drawdown | 5.91 | -0.20 | +6.11 |
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Drawdowns
LQDB vs. GABF - Drawdown Comparison
The maximum LQDB drawdown since its inception was -21.63%, roughly equal to the maximum GABF drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for LQDB and GABF.
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Drawdown Indicators
| LQDB | GABF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.63% | -20.86% | -0.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -17.16% | +14.49% |
Max Drawdown (3Y)Largest decline over 3 years | -5.90% | -20.86% | +14.96% |
Max Drawdown (5Y)Largest decline over 5 years | -21.63% | — | — |
Current DrawdownCurrent decline from peak | -0.57% | -9.12% | +8.55% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -4.90% | -2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 7.55% | -6.68% |
Volatility
LQDB vs. GABF - Volatility Comparison
The current volatility for iShares BBB Rated Corporate Bond ETF (LQDB) is 1.21%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 4.38%. This indicates that LQDB 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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Volatility by Period
| LQDB | GABF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 4.38% | -3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 13.29% | -10.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 17.47% | -13.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.87% | 20.48% | -13.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.83% | 20.48% | -13.65% |
LQDB vs. GABF - Expense Ratio Comparison
LQDB has a 0.15% 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
LQDB vs. GABF - Dividend Comparison
LQDB's dividend yield for the trailing twelve months is around 4.69%, more than GABF's 2.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GABF Gabelli Financial Services Opportunities ETF | 2.05% | 1.96% | 4.19% | 4.95% | 1.31% | 0.00% |
LQDB iShares BBB Rated Corporate Bond ETF | 4.69% | 4.65% | 4.46% | 3.90% | 4.14% | 1.32% |
Frequently Asked Questions
LQDB and GABF have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GABF has higher volatility (4.38%) compared to LQDB (1.21%). In terms of maximum drawdown, LQDB dropped -21.63% vs GABF's -20.86%.
On 3-year performance, GABF leads with 21.50% vs 5.56% for LQDB. On fees, GABF is cheaper at 0.10% per year. On volatility, LQDB has been the lower-risk option at 1.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GABF has performed better with a 21.50% return vs 5.56%. 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 0.15% for LQDB.
LQDB has the higher dividend yield at 4.69%, compared with 2.05% for GABF.
LQDB is categorized as Corporate Bonds, while GABF is Financials Equities. They also come from different issuers: iShares and Gabelli. Their fees differ too: 0.15% for LQDB and 0.10% for GABF.
LQDB currently has the higher Sharpe Ratio (1.27 vs -0.09), 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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