UFO vs. GABF
Compare and contrast key facts about Procure Space ETF (UFO) and Gabelli Financial Services Opportunities ETF (GABF).
UFO and GABF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UFO is a passively managed fund by ProcureAM that tracks the performance of the S-Network Space Index. It was launched on Apr 11, 2019. 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: UFO or GABF.
Correlation
The correlation between UFO and GABF is 0.67, 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
UFO vs. GABF - Performance Comparison
Key characteristics
UFO:
0.76
GABF:
0.47
UFO:
1.28
GABF:
0.73
UFO:
1.15
GABF:
1.11
UFO:
0.49
GABF:
0.50
UFO:
4.21
GABF:
2.22
UFO:
5.82%
GABF:
4.50%
UFO:
32.11%
GABF:
21.23%
UFO:
-50.33%
GABF:
-20.11%
UFO:
-33.99%
GABF:
-20.11%
Returns By Period
In the year-to-date period, UFO achieves a -15.72% return, which is significantly lower than GABF's -14.91% return.
UFO
-15.72%
-16.69%
4.47%
24.74%
3.85%
N/A
GABF
-14.91%
-10.95%
-6.64%
8.80%
N/A
N/A
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UFO vs. GABF - Expense Ratio Comparison
UFO has a 0.75% expense ratio, which is higher than GABF's 0.10% expense ratio.
Risk-Adjusted Performance
UFO vs. GABF — Risk-Adjusted Performance Rank
UFO
GABF
UFO vs. GABF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Procure Space ETF (UFO) 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
UFO vs. GABF - Dividend Comparison
UFO's dividend yield for the trailing twelve months is around 2.41%, less than GABF's 4.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
UFO Procure Space ETF | 2.41% | 1.98% | 1.90% | 3.19% | 1.00% | 1.07% | 0.44% |
GABF Gabelli Financial Services Opportunities ETF | 4.93% | 4.19% | 4.95% | 1.31% | 0.00% | 0.00% | 0.00% |
Drawdowns
UFO vs. GABF - Drawdown Comparison
The maximum UFO drawdown since its inception was -50.33%, which is greater than GABF's maximum drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for UFO and GABF. For additional features, visit the drawdowns tool.
Volatility
UFO vs. GABF - Volatility Comparison
Procure Space ETF (UFO) and Gabelli Financial Services Opportunities ETF (GABF) have volatilities of 12.79% and 12.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.