MIG vs. GABF
MIG (VanEck Moody's Analytics IG Corporate Bond ETF) and GABF (Gabelli Financial Services Opportunities ETF) are both exchange-traded funds - MIG is a Corporate Bonds fund tracking the MVIS Moody's Analytics US Investment Grade Corporate Bond Index (TR Gross) (MVCI), while GABF is a Financials Equities fund actively managed by Gabelli. MIG is passively managed, while GABF is actively managed. Over the past 3 years, MIG returned 5.17%/yr vs 18.82%/yr for GABF. Their 0.29 correlation means their historical movements had little consistent relationship. MIG charges 0.20%/yr vs 0.10%/yr for GABF.
Performance
MIG vs. GABF - Performance Comparison
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Returns By Period
In the year-to-date period, MIG achieves a -0.79% return, which is significantly higher than GABF's -1.93% return.
MIG
- 1D
- -0.27%
- 1M
- -1.68%
- 6M
- -1.30%
- YTD
- -0.79%
- 1Y
- 1.46%
- 3Y*
- 5.17%
- 5Y*
- 0.24%
- 10Y*
- —
- ALL TIME*
- 0.68%
GABF
- 1D
- 0.06%
- 1M
- -0.11%
- 6M
- -1.06%
- YTD
- -1.93%
- 1Y
- -1.61%
- 3Y*
- 18.82%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $95.56K | $89.02K | $204.10K | |
| $41.27K | $55.30K | $57.12K |
MIG vs. GABF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MIG VanEck Moody's Analytics IG Corporate Bond ETF | -0.79% | 7.34% | 3.38% | 8.88% | -1.76% |
GABF Gabelli Financial Services Opportunities ETF | -1.93% | 3.60% | 44.38% | 38.92% | -0.04% |
Correlation
The correlation between MIG and GABF is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 10, 2022 | 0.29 |
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Return for Risk
MIG vs. GABF — Risk / Return Rank
MIG
GABF
MIG vs. GABF - Risk-Adjusted Trends 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.
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.
| MIG | GABF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.97 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | -0.26 | +1.03 |
| Martin ratioReturn relative to average drawdown | 1.84 | -0.56 | +2.40 |
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Drawdowns
MIG vs. GABF - Drawdown Comparison
The maximum MIG drawdown since its inception was -20.98%, roughly equal to the maximum GABF drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for MIG and GABF.
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Drawdown Indicators
| MIG | GABF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -20.86% | -0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -17.16% | +14.33% |
Max Drawdown (3Y)Largest decline over 3 years | -4.65% | -20.86% | +16.21% |
Max Drawdown (5Y)Largest decline over 5 years | -20.98% | — | — |
Current DrawdownCurrent decline from peak | -2.40% | -6.75% | +4.35% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -4.97% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 7.90% | -6.72% |
Volatility
MIG vs. GABF - Volatility Comparison
The current volatility for VanEck Moody's Analytics IG Corporate Bond ETF (MIG) is 1.22%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 4.51%. 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.
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Volatility by Period
| MIG | GABF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 4.51% | -3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.30% | 13.17% | -9.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.25% | 17.57% | -13.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.36% | 20.37% | -14.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.17% | 20.37% | -14.20% |
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%.
Dividends
MIG vs. GABF - Dividend Comparison
MIG's dividend yield for the trailing twelve months is around 4.77%, more than GABF's 2.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GABF Gabelli Financial Services Opportunities ETF | 2.00% | 1.96% | 4.19% | 4.95% | 1.31% | 0.00% | 0.00% |
MIG VanEck Moody's Analytics IG Corporate Bond ETF | 4.34% | 4.81% | 4.68% | 4.38% | 3.06% | 2.15% | 0.18% |
Frequently Asked Questions
MIG and GABF have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GABF has higher volatility (4.51%) compared to MIG (1.22%). In terms of maximum drawdown, MIG dropped -20.98% vs GABF's -20.86%.
On 3-year performance, GABF leads with 18.82% vs 5.17% for MIG. On fees, GABF is cheaper at 0.10% per year. On volatility, MIG has been the lower-risk option at 1.22%. 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 18.82% return vs 5.17%. 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 0.20% for MIG.
MIG has the higher dividend yield at 4.34%, compared with 2.00% for GABF.
MIG is categorized as Corporate Bonds, while GABF is Financials Equities. They also come from different issuers: VanEck and Gabelli. Their fees differ too: 0.20% for MIG and 0.10% for GABF.
MIG currently has the higher Sharpe Ratio (0.51 vs -0.25), 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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