RHCB vs. GABF
Compare and contrast key facts about BNY Mellon Responsible Horizons Corporate Bond ETF (RHCB) and Gabelli Financial Services Opportunities ETF (GABF).
RHCB and GABF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RHCB is an actively managed fund by BNY Mellon. It was launched on Mar 21, 2022. 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: RHCB or GABF.
Key characteristics
| RHCB | GABF | |
|---|---|---|
| YTD Return | 5.83% | 27.85% |
| 1Y Return | 13.16% | 46.68% |
| Sharpe Ratio | 1.99 | 2.86 |
| Daily Std Dev | 6.48% | 16.06% |
| Max Drawdown | -14.43% | -17.14% |
| Current Drawdown | -0.38% | -0.76% |
Correlation
The correlation between RHCB and GABF is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
RHCB vs. GABF - Performance Comparison
In the year-to-date period, RHCB achieves a 5.83% return, which is significantly lower than GABF's 27.85% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RHCB vs. GABF - Expense Ratio Comparison
RHCB has a 0.35% expense ratio, which is higher than GABF's 0.10% expense ratio.
Risk-Adjusted Performance
RHCB vs. GABF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Responsible Horizons Corporate Bond ETF (RHCB) 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
RHCB vs. GABF - Dividend Comparison
RHCB's dividend yield for the trailing twelve months is around 4.44%, more than GABF's 3.87% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
RHCB BNY Mellon Responsible Horizons Corporate Bond ETF | 4.44% | 4.14% | 3.33% |
GABF Gabelli Financial Services Opportunities ETF | 3.87% | 4.95% | 1.31% |
Drawdowns
RHCB vs. GABF - Drawdown Comparison
The maximum RHCB drawdown since its inception was -14.43%, smaller than the maximum GABF drawdown of -17.14%. Use the drawdown chart below to compare losses from any high point for RHCB and GABF. For additional features, visit the drawdowns tool.
Volatility
RHCB vs. GABF - Volatility Comparison
The current volatility for BNY Mellon Responsible Horizons Corporate Bond ETF (RHCB) is 1.17%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 4.40%. This indicates that RHCB 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.