Correlation
The correlation between PJBF and GABF is 0.70, 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.
PJBF vs. GABF
Compare and contrast key facts about PGIM Jennison Better Future ETF (PJBF) and Gabelli Financial Services Opportunities ETF (GABF).
PJBF and GABF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PJBF is an actively managed fund by PGIM. It was launched on Dec 14, 2023. 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: PJBF or GABF.
Performance
PJBF vs. GABF - Performance Comparison
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Key characteristics
PJBF:
0.03
GABF:
1.03
PJBF:
0.10
GABF:
1.43
PJBF:
1.01
GABF:
1.22
PJBF:
-0.05
GABF:
1.13
PJBF:
-0.15
GABF:
3.82
PJBF:
8.59%
GABF:
6.18%
PJBF:
24.39%
GABF:
24.25%
PJBF:
-25.67%
GABF:
-20.86%
PJBF:
-9.07%
GABF:
-6.74%
Returns By Period
In the year-to-date period, PJBF achieves a -2.83% return, which is significantly lower than GABF's -0.67% return.
PJBF
-2.83%
3.99%
-5.04%
1.04%
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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PJBF vs. GABF - Expense Ratio Comparison
PJBF has a 0.59% expense ratio, which is higher than GABF's 0.10% expense ratio.
Risk-Adjusted Performance
PJBF vs. GABF — Risk-Adjusted Performance Rank
PJBF
GABF
PJBF vs. GABF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Better Future ETF (PJBF) 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
PJBF vs. GABF - Dividend Comparison
PJBF's dividend yield for the trailing twelve months is around 0.16%, less than GABF's 4.22% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
PJBF PGIM Jennison Better Future ETF | 0.16% | 0.15% | 0.00% | 0.00% |
GABF Gabelli Financial Services Opportunities ETF | 4.22% | 4.19% | 4.95% | 1.31% |
Drawdowns
PJBF vs. GABF - Drawdown Comparison
The maximum PJBF drawdown since its inception was -25.67%, which is greater than GABF's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for PJBF and GABF.
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Volatility
PJBF vs. GABF - Volatility Comparison
The current volatility for PGIM Jennison Better Future ETF (PJBF) is 4.66%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 5.30%. This indicates that PJBF 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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