LQIG vs. GABF
Compare and contrast key facts about SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) and Gabelli Financial Services Opportunities ETF (GABF).
LQIG and GABF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LQIG is a passively managed fund by SPDR that tracks the performance of the MarketAxess U.S. Investment Grade 400 Corporate Bond Index - Benchmark TR Gross. It was launched on May 11, 2022. 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: LQIG or GABF.
Key characteristics
| LQIG | GABF | |
|---|---|---|
| YTD Return | 3.58% | 47.99% |
| 1Y Return | 12.60% | 74.43% |
| Sharpe Ratio | 1.64 | 4.37 |
| Sortino Ratio | 2.43 | 5.73 |
| Omega Ratio | 1.29 | 1.79 |
| Calmar Ratio | 2.21 | 7.50 |
| Martin Ratio | 6.53 | 36.05 |
| Ulcer Index | 1.78% | 2.03% |
| Daily Std Dev | 7.07% | 16.76% |
| Max Drawdown | -11.86% | -17.14% |
| Current Drawdown | -2.41% | -0.10% |
Correlation
The correlation between LQIG and GABF is 0.30, 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.
Performance
LQIG vs. GABF - Performance Comparison
In the year-to-date period, LQIG achieves a 3.58% return, which is significantly lower than GABF's 47.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LQIG vs. GABF - Expense Ratio Comparison
LQIG has a 0.07% expense ratio, which is lower than GABF's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
LQIG vs. GABF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) 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
LQIG vs. GABF - Dividend Comparison
LQIG's dividend yield for the trailing twelve months is around 5.35%, more than GABF's 3.34% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
LQIG SPDR MarketAxess Investment Grade 400 Corporate Bond ETF | 5.35% | 4.85% | 4.04% |
GABF Gabelli Financial Services Opportunities ETF | 3.34% | 4.95% | 1.31% |
Drawdowns
LQIG vs. GABF - Drawdown Comparison
The maximum LQIG drawdown since its inception was -11.86%, smaller than the maximum GABF drawdown of -17.14%. Use the drawdown chart below to compare losses from any high point for LQIG and GABF. For additional features, visit the drawdowns tool.
Volatility
LQIG vs. GABF - Volatility Comparison
The current volatility for SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) is 2.37%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 7.78%. This indicates that LQIG 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.