RNRG vs. GABF
Compare and contrast key facts about Global X Funds Global X Renewable Energy Producers ETF (RNRG) and Gabelli Financial Services Opportunities ETF (GABF).
RNRG and GABF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RNRG is a passively managed fund by Global X that tracks the performance of the Indxx Renewable Energy Producers Index. It was launched on May 28, 2015. 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: RNRG or GABF.
Key characteristics
| RNRG | GABF | |
|---|---|---|
| YTD Return | -2.74% | 27.56% |
| 1Y Return | 1.48% | 45.62% |
| Sharpe Ratio | 0.03 | 2.82 |
| Daily Std Dev | 21.25% | 16.08% |
| Max Drawdown | -52.50% | -17.14% |
| Current Drawdown | -43.07% | -0.98% |
Correlation
The correlation between RNRG and GABF is 0.56, 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.
Performance
RNRG vs. GABF - Performance Comparison
In the year-to-date period, RNRG achieves a -2.74% return, which is significantly lower than GABF's 27.56% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RNRG vs. GABF - Expense Ratio Comparison
RNRG has a 0.65% expense ratio, which is higher than GABF's 0.10% expense ratio.
Risk-Adjusted Performance
RNRG vs. GABF - Risk-Adjusted Performance 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.
Dividends
RNRG vs. GABF - Dividend Comparison
RNRG's dividend yield for the trailing twelve months is around 1.37%, less than GABF's 3.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
RNRG Global X Funds Global X Renewable Energy Producers ETF | 1.37% | 1.44% | 1.15% | 1.10% | 3.16% | 2.97% | 5.22% | 4.14% | 5.02% | 3.48% |
GABF Gabelli Financial Services Opportunities ETF | 3.88% | 4.95% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RNRG vs. GABF - Drawdown Comparison
The maximum RNRG drawdown since its inception was -52.50%, which is greater than GABF's maximum drawdown of -17.14%. Use the drawdown chart below to compare losses from any high point for RNRG and GABF. For additional features, visit the drawdowns tool.
Volatility
RNRG vs. GABF - Volatility Comparison
Global X Funds Global X Renewable Energy Producers ETF (RNRG) has a higher volatility of 6.33% compared to Gabelli Financial Services Opportunities ETF (GABF) at 4.46%. 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.