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ETFs

Gabelli Financial Services Opportunities ETF

GABF
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Today’s Change
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Snapshot
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Inception Date
May 10 2022
Expense Ratio
0.00%
Type
Global Equities
Fund Owner
GAMCO Investors
Volume (1m avg. daily)
$30,433
AUM
$8,049,250
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Invest with GABF

What is GABF?

Under normal market conditions, the Fund invests at least 80% of the value of its net assets, in the securities of companies principally engaged in the group of industries comprising the financial services sector. The Fund considers a company to be principally engaged in the group of industries comprising the financial services sector if it devotes 50% of its assets to, or derives 50% of its revenues from, providing financial services.

ETFs related toGABF

ETFs correlated to GABF include DFLV, EQTY, XAUG

GABF
Gabelli ETFs Trust - Gabelli Financial Services Opportunities ETF
DFLV
Dimensional ETF Trust - Dimensional US Large Cap Value ETF
EQTY
Valued Advisers Trust - Kovitz Core Equity ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
IYG
BlackRock Institutional Trust Company N.A. - iShares U.S. Financial Services ETF
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
VFH
Vanguard Group, Inc. - Vanguard Financials ETF
IYF
BlackRock Institutional Trust Company N.A. - iShares U.S. Financials ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
BSVO
EA Series Trust - EA Bridgeway Omni Small-Cap Value ETF
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGABF

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with GABF using Composer

FAQ

GABF is a Global Equities ETF. Under normal market conditions, the Fund invests at least 80% of the value of its net assets, in the securities of companies principally engaged in the group of industries comprising the financial services sector. The Fund considers a company to be principally engaged in the group of industries comprising the financial services sector if it devotes 50% of its assets to, or derives 50% of its revenues from, providing financial services.

Yes, GABF is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, GABF is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GABF is 0.001%. This is the percent change in the value of GABF over the most recent 1-month period. The 3-month return on GABF is 0.0736%. This is the percent change in the value of GABF over the most recent 3-month period.

The standard deviation of GABF for the past year is 0.2099%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GABF include IXJ, SMH, and URA.

ETFs correlated to GABF include DFLV, EQTY, and XAUG.

ETFs that are inversely correlated to GABF include FAZ, RWM, and TZA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.