Correlation
The correlation between OND and GABF is 0.78, 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.
OND vs. GABF
Compare and contrast key facts about ProShares On-Demand ETF (OND) and Gabelli Financial Services Opportunities ETF (GABF).
OND and GABF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OND is a passively managed fund by ProShares that tracks the performance of the FactSet On-Demand Index. It was launched on Oct 26, 2021. 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: OND or GABF.
Performance
OND vs. GABF - Performance Comparison
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Key characteristics
OND:
1.66
GABF:
1.03
OND:
2.22
GABF:
1.43
OND:
1.29
GABF:
1.22
OND:
1.05
GABF:
1.13
OND:
7.03
GABF:
3.82
OND:
5.11%
GABF:
6.18%
OND:
22.37%
GABF:
24.25%
OND:
-98.80%
GABF:
-20.86%
OND:
-5.75%
GABF:
-6.74%
Returns By Period
In the year-to-date period, OND achieves a 17.62% return, which is significantly higher than GABF's -0.67% return.
OND
17.62%
9.04%
9.85%
36.76%
21.24%
N/A
N/A
GABF
-0.67%
5.38%
-6.60%
24.73%
23.00%
N/A
N/A
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OND vs. GABF - Expense Ratio Comparison
OND has a 0.58% expense ratio, which is higher than GABF's 0.10% expense ratio.
Risk-Adjusted Performance
OND vs. GABF — Risk-Adjusted Performance Rank
OND
GABF
OND vs. GABF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares On-Demand ETF (OND) 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
OND vs. GABF - Dividend Comparison
OND has not paid dividends to shareholders, while GABF's dividend yield for the trailing twelve months is around 4.22%.
TTM | 2024 | 2023 | 2022 | 2021 | |
---|---|---|---|---|---|
OND ProShares On-Demand ETF | 0.00% | 0.00% | 0.78% | 0.00% | 0.02% |
GABF Gabelli Financial Services Opportunities ETF | 4.22% | 4.19% | 4.95% | 1.31% | 0.00% |
Drawdowns
OND vs. GABF - Drawdown Comparison
The maximum OND drawdown since its inception was -98.80%, which is greater than GABF's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for OND and GABF.
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Volatility
OND vs. GABF - Volatility Comparison
ProShares On-Demand ETF (OND) and Gabelli Financial Services Opportunities ETF (GABF) have volatilities of 5.27% and 5.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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