RNRG vs. GABF

Last updated Jun 26, 2026

RNRG (Global X Funds Global X Renewable Energy Producers ETF) and GABF (Gabelli Financial Services Opportunities ETF) are both exchange-traded funds - RNRG is a Alternative Energy Equities fund tracking the Indxx Renewable Energy Producers Index, while GABF is a Financials Equities fund actively managed by Gabelli. RNRG is passively managed, while GABF is actively managed. Over the past 3 years, RNRG returned 1.81%/yr vs 20.97%/yr for GABF. At a 0.44 correlation, their price movements are largely independent. RNRG charges 0.65%/yr vs 0.10%/yr for GABF.

Performance

RNRG vs. GABF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Funds Global X Renewable Energy Producers ETF (RNRG) 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, RNRG achieves a 8.52% return, which is significantly higher than GABF's -6.16% return.

RNRG

• 1D: 0.17%
• 1M: -6.97%
• YTD: 8.52%
• 6M: 8.55%
• 1Y: 27.31%
• 3Y*: 1.81%
• 5Y*: -4.67%
• 10Y*: 4.25%

GABF

• 1D: -0.64%
• 1M: -0.92%
• YTD: -6.16%
• 6M: -7.56%
• 1Y: -4.99%
• 3Y*: 20.97%
• 5Y*: —
• 10Y*: —

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

RNRG vs. GABF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RNRG Global X Funds Global X Renewable Energy Producers ETF	8.52%	29.61%	-22.00%	-12.82%	-3.40%
GABF Gabelli Financial Services Opportunities ETF	-6.16%	3.60%	44.38%	38.92%	-0.04%

Correlation

The correlation between RNRG and GABF is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since May 10, 2022	0.44

The correlation between RNRG and GABF shifts across timeframes, from 0.28 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.

RNRG vs. GABF - Sectors Allocation Comparison

Sectors	RNRG	GABF
Utilities	92.2%	-
Industrials	3.0%	4.9%
Technology	2.8%	5.2%
Basic Materials	2.0%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	85.6%
Healthcare	-	-
Real Estate	-	4.3%

Return for Risk

RNRG vs. GABF — Risk / Return Rank

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

RNRG

RNRG Risk / Return Rank: 60
RNRG Sharpe Ratio Rank: 58
RNRG Sortino Ratio Rank: 56
RNRG Omega Ratio Rank: 52
RNRG Calmar Ratio Rank: 68
RNRG Martin Ratio Rank: 64

GABF

GABF Risk / Return Rank: 7
GABF Sharpe Ratio Rank: 7
GABF Sortino Ratio Rank: 6
GABF Omega Ratio Rank: 6
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.

RNRG vs. GABF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Funds Global X Renewable Energy Producers ETF (RNRG) 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.

	RNRG	GABF	Difference
Sharpe ratio: Return per unit of total volatility	1.72	-0.29	+2.01
Sortino ratio: Return per unit of downside risk	2.38	-0.28	+2.66
Omega ratio: Gain probability vs. loss probability	1.29	0.97	+0.32
Calmar ratio: Return relative to maximum drawdown	2.98	-0.29	+3.27
Martin ratio: Return relative to average drawdown	10.19	-0.66	+10.85

RNRG vs. GABF - Sharpe Ratio Comparison

The current RNRG Sharpe Ratio is 1.72, which is higher than the GABF Sharpe Ratio of -0.29. The chart below compares the historical Sharpe Ratios of RNRG 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

RNRG vs. GABF - Drawdown Comparison

The maximum RNRG drawdown since its inception was -58.79%, which is greater than GABF's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for RNRG and GABF.

Drawdown Indicators

	RNRG	GABF	Difference
Max Drawdown Largest peak-to-trough decline	-58.79%	-20.86%	-37.93%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-17.16%	+7.95%
Max Drawdown (3Y) Largest decline over 3 years	-35.23%	-20.86%	-14.37%
Max Drawdown (5Y) Largest decline over 5 years	-52.17%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-58.79%	—	—
Current Drawdown Current decline from peak	-35.79%	-10.77%	-25.02%
Average Drawdown Average peak-to-trough decline	-24.49%	-4.92%	-19.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	7.60%	-4.91%

Volatility

RNRG vs. GABF - Volatility Comparison

Global X Funds Global X Renewable Energy Producers ETF (RNRG) has a higher volatility of 5.24% compared to Gabelli Financial Services Opportunities ETF (GABF) at 4.57%. This indicates that RNRG'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

	RNRG	GABF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.24%	4.57%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	12.81%	13.29%	-0.48%
Volatility (1Y) Calculated over the trailing 1-year period	15.97%	17.35%	-1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.16%	20.47%	-0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.63%	20.47%	-0.84%

RNRG vs. GABF - Expense Ratio Comparison

RNRG has a 0.65% expense ratio, which is higher than GABF's 0.10% expense ratio.

Dividends

RNRG vs. GABF - Dividend Comparison

RNRG's dividend yield for the trailing twelve months is around 1.39%, less than GABF's 2.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABF Gabelli Financial Services Opportunities ETF	2.09%	1.96%	4.19%	4.95%	1.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RNRG Global X Funds Global X Renewable Energy Producers ETF	1.39%	1.50%	1.48%	1.44%	1.15%	1.10%	3.16%	2.97%	5.22%	4.14%	5.02%	3.48%

Frequently Asked Questions

Can I hold both RNRG and GABF in my portfolio?

RNRG and GABF have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RNRG or GABF?

RNRG has higher volatility (5.24%) compared to GABF (4.57%). In terms of maximum drawdown, RNRG dropped -58.79% vs GABF's -20.86%.

Which ETF is better, RNRG or GABF?

On 3-year performance, GABF leads with 20.97% vs 1.81% for RNRG. On fees, GABF is cheaper at 0.10% per year. On volatility, GABF has been the lower-risk option at 4.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RNRG or GABF?

Over the 3-year period, GABF has performed better with a 20.97% return vs 1.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RNRG or GABF?

GABF is cheaper with a 0.10% expense ratio, compared with 0.65% for RNRG.

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

GABF has the higher dividend yield at 2.09%, compared with 1.39% for RNRG.

What is the main difference between RNRG and GABF?

RNRG is categorized as Alternative Energy Equities, while GABF is Financials Equities. They also come from different issuers: Global X and Gabelli. Their fees differ too: 0.65% for RNRG and 0.10% for GABF.

Which has better risk-adjusted returns?

RNRG currently has the higher Sharpe Ratio (1.72 vs -0.29), 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.