SPCZ vs. GABF
Compare and contrast key facts about RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) and Gabelli Financial Services Opportunities ETF (GABF).
SPCZ and GABF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPCZ is an actively managed fund by RiverNorth. It was launched on Jul 11, 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: SPCZ or GABF.
Key characteristics
| SPCZ | GABF | |
|---|---|---|
| YTD Return | 2.69% | 27.85% |
| 1Y Return | 3.32% | 46.68% |
| Sharpe Ratio | 0.48 | 2.86 |
| Daily Std Dev | 6.69% | 16.06% |
| Max Drawdown | -4.47% | -17.14% |
| Current Drawdown | -0.73% | -0.76% |
Correlation
The correlation between SPCZ and GABF is 0.08, 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
SPCZ vs. GABF - Performance Comparison
In the year-to-date period, SPCZ achieves a 2.69% 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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SPCZ vs. GABF - Expense Ratio Comparison
SPCZ has a 0.90% expense ratio, which is higher than GABF's 0.10% expense ratio.
Risk-Adjusted Performance
SPCZ vs. GABF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) 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
SPCZ vs. GABF - Dividend Comparison
SPCZ's dividend yield for the trailing twelve months is around 4.88%, more than GABF's 3.87% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
SPCZ RiverNorth Enhanced Pre-Merger SPAC ETF | 4.88% | 5.01% | 0.22% |
GABF Gabelli Financial Services Opportunities ETF | 3.87% | 4.95% | 1.31% |
Drawdowns
SPCZ vs. GABF - Drawdown Comparison
The maximum SPCZ drawdown since its inception was -4.47%, smaller than the maximum GABF drawdown of -17.14%. Use the drawdown chart below to compare losses from any high point for SPCZ and GABF. For additional features, visit the drawdowns tool.
Volatility
SPCZ vs. GABF - Volatility Comparison
RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) has a higher volatility of 5.77% compared to Gabelli Financial Services Opportunities ETF (GABF) at 4.40%. This indicates that SPCZ'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.