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.
Key characteristics
| WRND | GABF | |
|---|---|---|
| YTD Return | 12.00% | 28.06% |
| 1Y Return | 19.49% | 46.11% |
| Sharpe Ratio | 1.38 | 2.88 |
| Daily Std Dev | 13.90% | 16.05% |
| Max Drawdown | -27.16% | -17.14% |
| Current Drawdown | -4.01% | -0.59% |
Correlation
The correlation between WRND and GABF is 0.74, 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
WRND vs. GABF - Performance Comparison
In the year-to-date period, WRND achieves a 12.00% return, which is significantly lower than GABF's 28.06% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 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 1.80%, less than GABF's 3.86% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
WRND IQ Global Equity R&D Leaders ETF | 1.80% | 2.06% | 2.06% |
GABF Gabelli Financial Services Opportunities ETF | 3.86% | 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
IQ Global Equity R&D Leaders ETF (WRND) has a higher volatility of 4.87% compared to Gabelli Financial Services Opportunities ETF (GABF) at 4.41%. This indicates that WRND'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.