MIG vs. GABF
Compare and contrast key facts about VanEck Moody's Analytics IG Corporate Bond ETF (MIG) and Gabelli Financial Services Opportunities ETF (GABF).
MIG and GABF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MIG is a passively managed fund by VanEck that tracks the performance of the MVIS Moody's Analytics US Investment Grade Corporate Bond Index (TR Gross) (MVCI). It was launched on Dec 1, 2020. 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: MIG or GABF.
Correlation
The correlation between MIG and GABF is 0.18, 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
MIG vs. GABF - Performance Comparison
Key characteristics
MIG:
1.00
GABF:
2.51
MIG:
1.47
GABF:
3.45
MIG:
1.17
GABF:
1.46
MIG:
0.52
GABF:
4.28
MIG:
3.00
GABF:
15.49
MIG:
1.86%
GABF:
2.70%
MIG:
5.55%
GABF:
16.68%
MIG:
-20.75%
GABF:
-17.14%
MIG:
-4.15%
GABF:
-2.54%
Returns By Period
In the year-to-date period, MIG achieves a 1.11% return, which is significantly lower than GABF's 3.81% return.
MIG
1.11%
0.83%
0.05%
5.91%
N/A
N/A
GABF
3.81%
0.28%
20.38%
42.71%
N/A
N/A
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MIG vs. GABF - Expense Ratio Comparison
MIG has a 0.20% 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%.
Risk-Adjusted Performance
MIG vs. GABF — Risk-Adjusted Performance Rank
MIG
GABF
MIG vs. GABF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Moody's Analytics IG Corporate Bond ETF (MIG) 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
MIG vs. GABF - Dividend Comparison
MIG's dividend yield for the trailing twelve months is around 4.70%, more than GABF's 4.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
MIG VanEck Moody's Analytics IG Corporate Bond ETF | 4.70% | 4.68% | 4.39% | 3.06% | 2.15% | 0.18% |
GABF Gabelli Financial Services Opportunities ETF | 4.04% | 4.19% | 4.95% | 1.31% | 0.00% | 0.00% |
Drawdowns
MIG vs. GABF - Drawdown Comparison
The maximum MIG drawdown since its inception was -20.75%, which is greater than GABF's maximum drawdown of -17.14%. Use the drawdown chart below to compare losses from any high point for MIG and GABF. For additional features, visit the drawdowns tool.
Volatility
MIG vs. GABF - Volatility Comparison
The current volatility for VanEck Moody's Analytics IG Corporate Bond ETF (MIG) is 1.49%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 3.97%. This indicates that MIG 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.