TEMP vs. GABF
Compare and contrast key facts about JPMorgan Climate Change Solutions ETF (TEMP) and Gabelli Financial Services Opportunities ETF (GABF).
TEMP and GABF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TEMP is an actively managed fund by JPMorgan. It was launched on Dec 13, 2021. 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: TEMP or GABF.
Key characteristics
| TEMP | GABF | |
|---|---|---|
| YTD Return | 15.67% | 27.56% |
| 1Y Return | 24.90% | 45.62% |
| Sharpe Ratio | 1.67 | 2.82 |
| Daily Std Dev | 15.93% | 16.08% |
| Max Drawdown | -32.07% | -17.14% |
| Current Drawdown | -0.26% | -0.98% |
Correlation
The correlation between TEMP and GABF is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TEMP vs. GABF - Performance Comparison
In the year-to-date period, TEMP achieves a 15.67% 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.
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TEMP vs. GABF - Expense Ratio Comparison
TEMP has a 0.49% expense ratio, which is higher than GABF's 0.10% expense ratio.
Risk-Adjusted Performance
TEMP vs. GABF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Climate Change Solutions ETF (TEMP) 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
TEMP vs. GABF - Dividend Comparison
TEMP's dividend yield for the trailing twelve months is around 0.96%, less than GABF's 3.88% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
TEMP JPMorgan Climate Change Solutions ETF | 0.96% | 1.11% | 1.07% | 0.06% |
GABF Gabelli Financial Services Opportunities ETF | 3.88% | 4.95% | 1.31% | 0.00% |
Drawdowns
TEMP vs. GABF - Drawdown Comparison
The maximum TEMP drawdown since its inception was -32.07%, which is greater than GABF's maximum drawdown of -17.14%. Use the drawdown chart below to compare losses from any high point for TEMP and GABF. For additional features, visit the drawdowns tool.
Volatility
TEMP vs. GABF - Volatility Comparison
JPMorgan Climate Change Solutions ETF (TEMP) has a higher volatility of 5.13% compared to Gabelli Financial Services Opportunities ETF (GABF) at 4.46%. This indicates that TEMP'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.