PFIG vs. GABF
PFIG (Invesco Fundamental Investment Grade Corporate Bond ETF) and GABF (Gabelli Financial Services Opportunities ETF) are both exchange-traded funds - PFIG is a Corporate Bonds fund tracking the RAFI Bonds US Investment Grade 1-10 Index, while GABF is a Financials Equities fund actively managed by Gabelli. PFIG is passively managed, while GABF is actively managed. Over the past 3 years, PFIG returned 5.15%/yr vs 19.89%/yr for GABF. Their 0.22 correlation means their historical movements had little consistent relationship. PFIG charges 0.22%/yr vs 0.10%/yr for GABF.
Performance
PFIG vs. GABF - Performance Comparison
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Returns By Period
In the year-to-date period, PFIG achieves a 0.11% return, which is significantly lower than GABF's 0.15% return.
PFIG
- 1D
- 0.19%
- 1M
- -0.52%
- 6M
- -0.10%
- YTD
- 0.11%
- 1Y
- 2.68%
- 3Y*
- 5.15%
- 5Y*
- 1.05%
- 10Y*
- 2.34%
- ALL TIME*
- 2.75%
GABF
- 1D
- 2.12%
- 1M
- 2.01%
- 6M
- 0.24%
- YTD
- 0.15%
- 1Y
- 0.48%
- 3Y*
- 19.89%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $107.51K | $101.42K | $192.29K | |
| $872.11K | $648.65K | $464.56K |
PFIG vs. GABF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PFIG Invesco Fundamental Investment Grade Corporate Bond ETF | 0.11% | 7.87% | 3.13% | 6.93% | -1.41% |
GABF Gabelli Financial Services Opportunities ETF | 0.15% | 3.60% | 44.38% | 38.92% | -0.04% |
Correlation
The correlation between PFIG and GABF is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 10, 2022 | 0.22 |
The correlation between PFIG and GABF shifts across timeframes, from 0.19 (3 years) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PFIG vs. GABF — Risk / Return Rank
PFIG
GABF
PFIG vs. GABF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) 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.
| PFIG | GABF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.02 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 0.03 | +1.36 |
| Martin ratioReturn relative to average drawdown | 3.89 | 0.06 | +3.83 |
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Drawdowns
PFIG vs. GABF - Drawdown Comparison
The maximum PFIG drawdown since its inception was -15.58%, smaller than the maximum GABF drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for PFIG and GABF.
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Drawdown Indicators
| PFIG | GABF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.58% | -20.86% | +5.28% |
Max Drawdown (1Y)Largest decline over 1 year | -1.94% | -17.16% | +15.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.08% | -20.86% | +17.78% |
Max Drawdown (5Y)Largest decline over 5 years | -15.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.58% | — | — |
Current DrawdownCurrent decline from peak | -1.05% | -4.77% | +3.72% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -4.97% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 7.90% | -7.21% |
Volatility
PFIG vs. GABF - Volatility Comparison
The current volatility for Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) is 0.85%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 4.88%. This indicates that PFIG 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
| PFIG | GABF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 4.88% | -4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 13.34% | -10.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.03% | 17.50% | -14.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.92% | 20.39% | -15.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 20.39% | -15.19% |
PFIG vs. GABF - Expense Ratio Comparison
PFIG has a 0.22% 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
PFIG vs. GABF - Dividend Comparison
PFIG's dividend yield for the trailing twelve months is around 4.46%, more than GABF's 1.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABF Gabelli Financial Services Opportunities ETF | 1.96% | 1.96% | 4.19% | 4.95% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFIG Invesco Fundamental Investment Grade Corporate Bond ETF | 4.46% | 4.15% | 4.12% | 3.54% | 2.58% | 3.34% | 2.81% | 2.92% | 2.88% | 2.54% | 2.58% | 2.57% |
Frequently Asked Questions
PFIG and GABF have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GABF has higher volatility (4.88%) compared to PFIG (0.85%). In terms of maximum drawdown, PFIG dropped -15.58% vs GABF's -20.86%.
On 3-year performance, GABF leads with 19.89% vs 5.15% for PFIG. On fees, GABF is cheaper at 0.10% per year. On volatility, PFIG has been the lower-risk option at 0.85%. 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 19.89% return vs 5.15%. 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 0.22% for PFIG.
PFIG has the higher dividend yield at 4.46%, compared with 1.96% for GABF.
PFIG is categorized as Corporate Bonds, while GABF is Financials Equities. They also come from different issuers: Invesco and Gabelli. Their fees differ too: 0.22% for PFIG and 0.10% for GABF.
PFIG currently has the higher Sharpe Ratio (0.89 vs 0.03), 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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