PJBF vs. GABF

Last updated Jul 14, 2026

PJBF (PGIM Jennison Better Future ETF) and GABF (Gabelli Financial Services Opportunities ETF) are both exchange-traded funds - PJBF is a Global Equities fund actively managed by PGIM, while GABF is a Financials Equities fund actively managed by Gabelli. Both are actively managed. Over the past year, PJBF returned 12.05% vs -4.10% for GABF. A 0.52 correlation means they provide meaningful diversification when combined. PJBF charges 0.59%/yr vs 0.10%/yr for GABF.

Performance

PJBF vs. GABF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Better Future ETF (PJBF) and Gabelli Financial Services Opportunities ETF (GABF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PJBF achieves a 7.30% return, which is significantly higher than GABF's -2.34% return.

PJBF

• 1D: 0.08%
• 1M: 0.38%
• 6M: 5.52%
• YTD: 7.30%
• 1Y: 12.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GABF

• 1D: -0.22%
• 1M: 1.32%
• 6M: -5.40%
• YTD: -2.34%
• 1Y: -4.10%
• 3Y*: 20.10%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PJBF vs. GABF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PJBF PGIM Jennison Better Future ETF	7.30%	5.13%	19.91%	-0.80%
GABF Gabelli Financial Services Opportunities ETF	-2.34%	3.60%	44.38%	1.86%

Correlation

The correlation between PJBF and GABF is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Dec 19, 2023	0.52

The correlation between PJBF and GABF has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.

PJBF vs. GABF - Sectors Allocation Comparison

Sectors	PJBF	GABF
Technology	40.0%	5.2%
Industrials	16.5%	4.9%
Consumer Cyclical	13.8%	-
Communication Services	11.5%	-
Healthcare	11.5%	-
Financial Services	2.5%	85.6%
Consumer Defensive	2.3%	-
Utilities	2.0%	-
Basic Materials	-	-
Energy	-	-
Real Estate	-	4.3%

Return for Risk

PJBF vs. GABF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PJBF

PJBF Risk / Return Rank: 20
PJBF Sharpe Ratio Rank: 20
PJBF Sortino Ratio Rank: 20
PJBF Omega Ratio Rank: 20
PJBF Calmar Ratio Rank: 19
PJBF Martin Ratio Rank: 22

GABF

GABF Risk / Return Rank: 7
GABF Sharpe Ratio Rank: 7
GABF Sortino Ratio Rank: 7
GABF Omega Ratio Rank: 7
GABF Calmar Ratio Rank: 7
GABF Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PJBF vs. GABF - Risk-Adjusted Trends 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.

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.

	PJBF	GABF	Difference
Sharpe ratio: Return per unit of total volatility	0.55	-0.23	+0.79
Sortino ratio: Return per unit of downside risk	0.91	-0.20	+1.11
Omega ratio: Gain probability vs. loss probability	1.11	0.98	+0.14
Calmar ratio: Return relative to maximum drawdown	0.66	-0.24	+0.90
Martin ratio: Return relative to average drawdown	2.06	-0.53	+2.59

PJBF vs. GABF - Sharpe Ratio Comparison

The current PJBF Sharpe Ratio is 0.55, which is higher than the GABF Sharpe Ratio of -0.23. The chart below compares the historical Sharpe Ratios of PJBF and GABF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	PJBF	GABF	Difference
Max Drawdown Largest peak-to-trough decline	-25.67%	-20.86%	-4.81%
Max Drawdown (1Y) Largest decline over 1 year	-18.41%	-17.16%	-1.25%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.86%	—
Current Drawdown Current decline from peak	-4.97%	-7.14%	+2.17%
Average Drawdown Average peak-to-trough decline	-5.22%	-4.94%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.87%	7.78%	-1.91%

Volatility

PJBF vs. GABF - Volatility Comparison

PGIM Jennison Better Future ETF (PJBF) has a higher volatility of 9.57% compared to Gabelli Financial Services Opportunities ETF (GABF) at 4.51%. This indicates that PJBF'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.

Volatility by Period

	PJBF	GABF	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.57%	4.51%	+5.06%
Volatility (6M) Calculated over the trailing 6-month period	18.62%	13.37%	+5.25%
Volatility (1Y) Calculated over the trailing 1-year period	21.94%	17.59%	+4.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.10%	20.45%	+1.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.10%	20.45%	+1.65%

PJBF vs. GABF - Expense Ratio Comparison

PJBF has a 0.59% expense ratio, which is higher than GABF's 0.10% expense ratio.

Dividends

PJBF vs. GABF - Dividend Comparison

PJBF's dividend yield for the trailing twelve months is around 0.22%, less than GABF's 2.01% yield.

Position	TTM	2025	2024	2023	2022
GABF Gabelli Financial Services Opportunities ETF	2.01%	1.96%	4.19%	4.95%	1.31%
PJBF PGIM Jennison Better Future ETF	0.22%	0.24%	0.16%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PJBF and GABF in my portfolio?

PJBF and GABF have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PJBF or GABF?

PJBF has higher volatility (9.57%) compared to GABF (4.51%). In terms of maximum drawdown, PJBF dropped -25.67% vs GABF's -20.86%.

Which ETF is better, PJBF or GABF?

On 1-year performance, PJBF leads with 12.05% vs -4.10% for GABF. On fees, GABF is cheaper at 0.10% per year. On volatility, GABF has been the lower-risk option at 4.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PJBF or GABF?

Over the 1-year period, PJBF has performed better with a 12.05% return vs -4.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PJBF or GABF?

GABF is cheaper with a 0.10% expense ratio, compared with 0.59% for PJBF.

Which ETF pays a higher dividend yield, PJBF or GABF?

GABF has the higher dividend yield at 2.01%, compared with 0.22% for PJBF.

What is the main difference between PJBF and GABF?

PJBF is categorized as Global Equities, while GABF is Financials Equities. They also come from different issuers: PGIM and Gabelli. Their fees differ too: 0.59% for PJBF and 0.10% for GABF.

Which has better risk-adjusted returns?

PJBF currently has the higher Sharpe Ratio (0.55 vs -0.23), 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.