NZAC vs. GABF
Compare and contrast key facts about SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) and Gabelli Financial Services Opportunities ETF (GABF).
NZAC and GABF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NZAC is a passively managed fund by State Street that tracks the performance of the MSCI ACWI Climate Paris Aligned Index. It was launched on Nov 25, 2014. 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: NZAC or GABF.
Correlation
The correlation between NZAC and GABF is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NZAC vs. GABF - Performance Comparison
Key characteristics
NZAC:
1.60
GABF:
2.81
NZAC:
2.19
GABF:
3.83
NZAC:
1.28
GABF:
1.51
NZAC:
2.66
GABF:
4.81
NZAC:
9.69
GABF:
17.43
NZAC:
2.12%
GABF:
2.70%
NZAC:
12.76%
GABF:
16.71%
NZAC:
-33.72%
GABF:
-17.14%
NZAC:
-0.04%
GABF:
-2.02%
Returns By Period
The year-to-date returns for both investments are quite close, with NZAC having a 4.31% return and GABF slightly higher at 4.36%.
NZAC
4.31%
3.09%
7.57%
18.37%
10.28%
9.38%
GABF
4.36%
1.80%
21.75%
42.56%
N/A
N/A
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NZAC vs. GABF - Expense Ratio Comparison
NZAC has a 0.12% 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
NZAC vs. GABF — Risk-Adjusted Performance Rank
NZAC
GABF
NZAC vs. GABF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) 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
NZAC vs. GABF - Dividend Comparison
NZAC's dividend yield for the trailing twelve months is around 1.80%, less than GABF's 4.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 1.80% | 1.88% | 1.65% | 1.81% | 1.62% | 1.59% | 2.17% | 2.53% | 2.20% | 2.00% | 2.40% | 0.18% |
GABF Gabelli Financial Services Opportunities ETF | 4.02% | 4.19% | 4.95% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NZAC vs. GABF - Drawdown Comparison
The maximum NZAC drawdown since its inception was -33.72%, which is greater than GABF's maximum drawdown of -17.14%. Use the drawdown chart below to compare losses from any high point for NZAC and GABF. For additional features, visit the drawdowns tool.
Volatility
NZAC vs. GABF - Volatility Comparison
The current volatility for SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) is 3.08%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 3.90%. This indicates that NZAC 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.