GABF vs SPY
Gabelli Financial Services Opportunities ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GABF or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 45.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GABF | SPY |
|---|---|---|
| Expense Ratio | 1.24% | 0.09%Best |
| AUM | $49M | $811.2B |
| Dividend Yield | 1.95% | 0.98% |
| Holdings | 42 | 1,515 |
| YTD Return | -9.50% | +12.70%Best |
| 1Y Return | -10.15% | +15.53%Best |
| 3Y Return (annualized) | +17.80% | +22.86%Best |
| 5Y Return (annualized) | - | +13.47% |
| Volatility (annualized) | 20.1% | 15.1%Best |
| Max Drawdown | -20.9% | -18.8%Best |
| $10,000 over 4.4 years | $19,003 | $20,354Best |
| Top 10 Weight | 45.9% | 38.2%Best |
| Fund Family | Gabelli Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 10, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: May 10, 2022 to Oct 1, 2026 (4.4 years).
GABF vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.4 years both funds cover.
GABF vs SPY Performance
Gabelli Financial Services Opportunities ETF (GABF) is an ETF from Gabelli Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year GABF returned -10.15% while SPY returned +15.53%. Year to date, GABF is down 9.50% versus a gain of 12.70% for SPY.
Over three years, GABF compounded at +17.80% per year against +22.86% for SPY. Across the full 4-year window we track, SPY has the edge at +17.53% annualized vs +15.71%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GABF has been the more volatile fund, with annualized monthly volatility of 20.1% compared with 15.1% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.9% for GABF and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GABF charges 1.24% per year while SPY charges 0.09%. On a $10,000 position that is $124 vs $9 annually, a gap of $115 per year that compounds over a long holding period. On income, GABF currently yields 1.95% against 0.98% for SPY.
Holdings Overlap
66.2% of GABF's money is in holdings SPY also owns. 8.2% of SPY's money is in holdings GABF also owns.
The two portfolios partly overlap.
24 positions in common, counted across the 42 positions we hold weights for in GABF and 504 in SPY, against full books of 42 and 1,515.
What only one of them owns
Measured across the 42 and 504 positions we hold weights for.
SPY holds 473 positions GABF does not, 91.1% of the fund.
Largest: NVDA 7.78%, AAPL 7.45%, MSFT 5.71%, AMZN 3.78%, GOOGL 3.12%
Top Shared Holdings
| Stock | Weight in GABF | Weight in SPY | Difference |
|---|---|---|---|
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 5.98% | 1.44% | 4.54% |
| JPMJpmorgan Chase | 3.64% | 1.43% | 2.21% |
| MAMastercard Inc | 4.30% | 0.71% | 3.59% |
| SPGIS&p Global Inc. | 4.70% | 0.19% | 4.51% |
| VVisa Inc Class A | 3.83% | 0.95% | 2.88% |
| KKRKkr & Co. Inc. Class a | 4.64% | 0.11% | 4.53% |
| WFCWells Fargo & Co. | 4.29% | 0.41% | 3.88% |
| COFCapital One Financial Corp. | 4.42% | 0.20% | 4.22% |
| BXBlackstone Group Inc. Class A | 4.39% | 0.14% | 4.25% |
| MCOMoody'S Corp. | 4.16% | 0.11% | 4.05% |
66.2% of GABF is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, GABF or SPY?
GABF has an expense ratio of 1.24% while SPY charges 0.09%. SPY is the cheaper option, by $115 a year on a $10,000 investment.
Which performed better, GABF or SPY?
Over the past year GABF returned -10.15% vs +15.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), GABF annualized +15.71% vs +17.53% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GABF or SPY?
GABF has been the more volatile fund at 20.1% annualized versus 15.1% for SPY. Worst drawdown: GABF -20.9% vs SPY -18.8%.
Should I hold both GABF and SPY?
GABF and SPY have a monthly-return correlation of 0.80, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GABF and SPY?
66.2% of GABF's money is in holdings SPY also owns. 8.2% of SPY's is in holdings GABF also owns. They hold 24 positions in common, counted across the 42 positions we hold weights for in GABF and 504 in SPY.
Which pays a higher dividend, GABF or SPY?
GABF yields 1.95% while SPY yields 0.98%, so GABF currently pays the higher dividend yield.
Is SPY better than GABF?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 45.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.