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.
Correlation
The correlation between OND 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.
Performance
OND vs. GABF - Performance Comparison
Key characteristics
OND:
2.23
GABF:
2.81
OND:
3.12
GABF:
3.83
OND:
1.38
GABF:
1.51
OND:
1.23
GABF:
4.81
OND:
12.31
GABF:
17.43
OND:
3.55%
GABF:
2.70%
OND:
18.89%
GABF:
16.71%
OND:
-98.80%
GABF:
-17.14%
OND:
-10.83%
GABF:
-2.02%
Returns By Period
In the year-to-date period, OND achieves a 11.28% return, which is significantly higher than GABF's 4.36% return.
OND
11.28%
8.81%
22.51%
35.47%
N/A
N/A
GABF
4.36%
1.80%
21.11%
42.56%
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.
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 4.02%.
| 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 | 4.02% | 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 -17.14%. Use the drawdown chart below to compare losses from any high point for OND and GABF. For additional features, visit the drawdowns tool.
Volatility
OND vs. GABF - Volatility Comparison
ProShares On-Demand ETF (OND) has a higher volatility of 4.85% compared to Gabelli Financial Services Opportunities ETF (GABF) at 3.90%. This indicates that OND's price experiences larger fluctuations and is considered to be riskier than GABF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.