SHPP vs. GABF

Last updated Jun 24, 2026

SHPP (Pacer Industrials and Logistics ETF) and GABF (Gabelli Financial Services Opportunities ETF) are both exchange-traded funds - SHPP is a Industrials Equities fund tracking the Pacer Global Supply Chain Infrastructure Index - Benchmark TR Net, while GABF is a Financials Equities fund actively managed by Gabelli. SHPP is passively managed, while GABF is actively managed. Over the past 3 years, SHPP returned 11.39%/yr vs 21.50%/yr for GABF. A 0.69 correlation means they provide meaningful diversification when combined. SHPP charges 0.61%/yr vs 0.10%/yr for GABF.

Performance

SHPP vs. GABF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Industrials and Logistics ETF (SHPP) 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, SHPP achieves a 12.37% return, which is significantly higher than GABF's -4.42% return.

SHPP

• 1D: -0.91%
• 1M: -1.93%
• YTD: 12.37%
• 6M: 11.43%
• 1Y: 21.08%
• 3Y*: 11.39%
• 5Y*: —
• 10Y*: —

GABF

• 1D: -0.39%
• 1M: 0.90%
• YTD: -4.42%
• 6M: -5.68%
• 1Y: -1.50%
• 3Y*: 21.50%
• 5Y*: —
• 10Y*: —

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

SHPP vs. GABF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SHPP Pacer Industrials and Logistics ETF	12.37%	12.88%	0.76%	20.86%	-4.12%
GABF Gabelli Financial Services Opportunities ETF	-4.42%	3.60%	44.38%	38.92%	-4.95%

Correlation

The correlation between SHPP and GABF is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jun 9, 2022	0.69

The correlation between SHPP and GABF has been stable across timeframes, ranging from 0.60 to 0.69 - a consistent structural relationship.

SHPP vs. GABF - Sectors Allocation Comparison

Sectors	SHPP	GABF
Industrials	87.9%	4.9%
Technology	11.8%	5.2%
Consumer Cyclical	2.2%	-
Financial Services	0.2%	85.6%
Consumer Defensive	0.1%	-
Basic Materials	-	-
Communication Services	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	4.3%
Utilities	-	-

Return for Risk

SHPP vs. GABF — Risk / Return Rank

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

SHPP

SHPP Risk / Return Rank: 42
SHPP Sharpe Ratio Rank: 42
SHPP Sortino Ratio Rank: 40
SHPP Omega Ratio Rank: 39
SHPP Calmar Ratio Rank: 41
SHPP Martin Ratio Rank: 46

GABF

GABF Risk / Return Rank: 8
GABF Sharpe Ratio Rank: 8
GABF Sortino Ratio Rank: 7
GABF Omega Ratio Rank: 7
GABF Calmar Ratio Rank: 8
GABF Martin Ratio Rank: 8

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.

SHPP vs. GABF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Industrials and Logistics ETF (SHPP) 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.

	SHPP	GABF	Difference
Sharpe ratio: Return per unit of total volatility	1.36	-0.09	+1.45
Sortino ratio: Return per unit of downside risk	1.94	0.00	+1.94
Omega ratio: Gain probability vs. loss probability	1.24	1.00	+0.24
Calmar ratio: Return relative to maximum drawdown	1.91	-0.09	+2.00
Martin ratio: Return relative to average drawdown	7.12	-0.20	+7.32

SHPP vs. GABF - Sharpe Ratio Comparison

The current SHPP Sharpe Ratio is 1.36, which is higher than the GABF Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of SHPP 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

SHPP vs. GABF - Drawdown Comparison

The maximum SHPP drawdown since its inception was -21.57%, roughly equal to the maximum GABF drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for SHPP and GABF.

Drawdown Indicators

	SHPP	GABF	Difference
Max Drawdown Largest peak-to-trough decline	-21.57%	-20.86%	-0.71%
Max Drawdown (1Y) Largest decline over 1 year	-11.06%	-17.16%	+6.10%
Max Drawdown (3Y) Largest decline over 3 years	-18.84%	-20.86%	+2.02%
Current Drawdown Current decline from peak	-5.17%	-9.12%	+3.95%
Average Drawdown Average peak-to-trough decline	-4.23%	-4.90%	+0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	7.55%	-4.58%

Volatility

SHPP vs. GABF - Volatility Comparison

Pacer Industrials and Logistics ETF (SHPP) has a higher volatility of 5.28% compared to Gabelli Financial Services Opportunities ETF (GABF) at 4.38%. This indicates that SHPP'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

	SHPP	GABF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.28%	4.38%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	12.72%	13.29%	-0.57%
Volatility (1Y) Calculated over the trailing 1-year period	15.54%	17.47%	-1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.48%	20.48%	-3.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.48%	20.48%	-3.00%

SHPP vs. GABF - Expense Ratio Comparison

SHPP has a 0.61% expense ratio, which is higher than GABF's 0.10% expense ratio.

Dividends

SHPP vs. GABF - Dividend Comparison

SHPP's dividend yield for the trailing twelve months is around 1.77%, less than GABF's 2.05% yield.

Position	TTM	2025	2024	2023	2022
GABF Gabelli Financial Services Opportunities ETF	2.05%	1.96%	4.19%	4.95%	1.31%
SHPP Pacer Industrials and Logistics ETF	1.77%	1.80%	2.41%	2.89%	1.15%

Frequently Asked Questions

Can I hold both SHPP and GABF in my portfolio?

SHPP and GABF have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHPP or GABF?

SHPP has higher volatility (5.28%) compared to GABF (4.38%). In terms of maximum drawdown, SHPP dropped -21.57% vs GABF's -20.86%.

Which ETF is better, SHPP or GABF?

On 3-year performance, GABF leads with 21.50% vs 11.39% for SHPP. On fees, GABF is cheaper at 0.10% per year. On volatility, GABF has been the lower-risk option at 4.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHPP or GABF?

Over the 3-year period, GABF has performed better with a 21.50% return vs 11.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHPP or GABF?

GABF is cheaper with a 0.10% expense ratio, compared with 0.61% for SHPP.

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

GABF has the higher dividend yield at 2.05%, compared with 1.77% for SHPP.

What is the main difference between SHPP and GABF?

SHPP is categorized as Industrials Equities, while GABF is Financials Equities. They also come from different issuers: Pacer and Gabelli. Their fees differ too: 0.61% for SHPP and 0.10% for GABF.

Which has better risk-adjusted returns?

SHPP currently has the higher Sharpe Ratio (1.36 vs -0.09), 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.