WRND vs. GABF
Compare and contrast key facts about IQ Global Equity R&D Leaders ETF (WRND) and Gabelli Financial Services Opportunities ETF (GABF).
WRND and GABF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WRND is a passively managed fund by IndexIQ that tracks the performance of the IQ Global Equity R&D Leaders Index - Benchmark TR Net. It was launched on Feb 8, 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: WRND or GABF.
Correlation
The correlation between WRND and GABF is 0.70, 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
WRND vs. GABF - Performance Comparison
Key characteristics
WRND:
1.30
GABF:
2.51
WRND:
1.80
GABF:
3.45
WRND:
1.23
GABF:
1.46
WRND:
1.72
GABF:
4.28
WRND:
6.37
GABF:
15.49
WRND:
2.79%
GABF:
2.70%
WRND:
13.74%
GABF:
16.68%
WRND:
-27.16%
GABF:
-17.14%
WRND:
0.00%
GABF:
-2.54%
Returns By Period
In the year-to-date period, WRND achieves a 7.84% return, which is significantly higher than GABF's 3.81% return.
WRND
7.84%
4.77%
8.93%
18.01%
N/A
N/A
GABF
3.81%
0.28%
20.38%
42.71%
N/A
N/A
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WRND vs. GABF - Expense Ratio Comparison
WRND has a 0.18% expense ratio, which is higher than GABF's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
WRND vs. GABF — Risk-Adjusted Performance Rank
WRND
GABF
WRND vs. GABF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Global Equity R&D Leaders ETF (WRND) 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
WRND vs. GABF - Dividend Comparison
WRND's dividend yield for the trailing twelve months is around 1.06%, less than GABF's 4.04% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
WRND IQ Global Equity R&D Leaders ETF | 1.06% | 1.15% | 2.06% | 2.07% |
GABF Gabelli Financial Services Opportunities ETF | 4.04% | 4.19% | 4.95% | 1.31% |
Drawdowns
WRND vs. GABF - Drawdown Comparison
The maximum WRND drawdown since its inception was -27.16%, which is greater than GABF's maximum drawdown of -17.14%. Use the drawdown chart below to compare losses from any high point for WRND and GABF. For additional features, visit the drawdowns tool.
Volatility
WRND vs. GABF - Volatility Comparison
The current volatility for IQ Global Equity R&D Leaders ETF (WRND) is 2.94%, while Gabelli Financial Services Opportunities ETF (GABF) has a volatility of 3.97%. This indicates that WRND experiences smaller price fluctuations and is considered to be less risky than GABF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.