Correlation
The correlation between MISL and GABF is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
MISL vs. GABF
Compare and contrast key facts about First Trust Indxx Aerospace & Defense ETF (MISL) and Gabelli Financial Services Opportunities ETF (GABF).
MISL and GABF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MISL is a passively managed fund by First Trust that tracks the performance of the Indxx US Aerospace & Defense Index - Benchmark TR Gross. It was launched on Oct 25, 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: MISL or GABF.
Performance
MISL vs. GABF - Performance Comparison
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Key characteristics
MISL:
1.07
GABF:
1.03
MISL:
1.55
GABF:
1.43
MISL:
1.21
GABF:
1.22
MISL:
1.27
GABF:
1.13
MISL:
3.75
GABF:
3.82
MISL:
6.05%
GABF:
6.18%
MISL:
21.68%
GABF:
24.25%
MISL:
-17.92%
GABF:
-20.86%
MISL:
0.00%
GABF:
-6.74%
Returns By Period
In the year-to-date period, MISL achieves a 13.60% return, which is significantly higher than GABF's -0.67% return.
MISL
13.60%
7.75%
7.34%
21.37%
N/A
N/A
N/A
GABF
-0.67%
5.33%
-6.60%
23.94%
23.00%
N/A
N/A
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MISL vs. GABF - Expense Ratio Comparison
MISL has a 0.60% expense ratio, which is higher than GABF's 0.10% expense ratio.
Risk-Adjusted Performance
MISL vs. GABF — Risk-Adjusted Performance Rank
MISL
GABF
MISL vs. GABF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Aerospace & Defense ETF (MISL) 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
MISL vs. GABF - Dividend Comparison
MISL's dividend yield for the trailing twelve months is around 0.65%, less than GABF's 4.22% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
MISL First Trust Indxx Aerospace & Defense ETF | 0.65% | 0.74% | 0.63% | 0.08% |
GABF Gabelli Financial Services Opportunities ETF | 4.22% | 4.19% | 4.95% | 1.31% |
Drawdowns
MISL vs. GABF - Drawdown Comparison
The maximum MISL drawdown since its inception was -17.92%, smaller than the maximum GABF drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for MISL and GABF.
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Volatility
MISL vs. GABF - Volatility Comparison
The current volatility for First Trust Indxx Aerospace & Defense ETF (MISL) is 4.54%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 5.30%. This indicates that MISL 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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