- ISIN
- US2057634022
- Issuer
- Gabelli
- Inception Date
- Oct 9, 1985
- Category
- Inverse Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
DRCVX Performance Chart
Comstock Capital Value Fund (DRCVX) is up 2.9% since the beginning of the year. DRCVX is currently trading at $5 per share. Investors who bought $1,000 worth of DRCVX shares 5 years ago would now be looking at an investment worth $1,285.
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Returns By Period
Comstock Capital Value Fund (DRCVX) has returned 2.94% so far this year and 8.90% over the past 12 months. Over the last ten years, DRCVX has returned -4.23% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Comstock Capital Value Fund
- 1D
- 0.22%
- 1M
- -0.00%
- YTD
- 2.94%
- 6M
- 2.64%
- 1Y
- 8.90%
- 3Y*
- 7.58%
- 5Y*
- 5.15%
- 10Y*
- -4.23%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DRCVX Monthly Returns History
Based on dividend-adjusted daily data since Oct 10, 1985, DRCVX's average daily return is +0.07%, while the average monthly return is +1.49%. At this rate, an investment would double in approximately 3.9 years.
Historically, 39% of months were positive and 61% were negative. The best month was Jan 1986 with a return of +950.1%, while the worst month was Dec 1997 at -15.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 10 months.
On a daily basis, DRCVX closed higher 38% of trading days. The best single day was Jan 2, 1986 with a return of +898.8%, while the worst single day was Dec 17, 1997 at -12.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.23% | 0.68% | 0.22% | 1.34% | 0.44% | -0.00% | 2.94% | ||||||
| 2025 | 1.49% | 1.46% | 0.24% | -0.48% | 1.93% | 1.89% | 1.16% | 1.38% | 0.68% | -0.00% | 1.12% | 0.15% | 11.55% |
| 2024 | -1.26% | 0.26% | 1.79% | -1.50% | 0.51% | -0.25% | 3.30% | 0.00% | 0.74% | -0.24% | 1.71% | -2.88% | 2.02% |
| 2023 | 0.79% | 0.26% | -0.52% | -0.00% | -1.84% | 2.41% | 1.57% | 0.52% | -0.26% | -0.77% | 2.07% | 2.22% | 6.55% |
| 2022 | 0.00% | 0.55% | 0.82% | -0.82% | 0.00% | -1.10% | 2.22% | 0.54% | -1.08% | 2.45% | -0.53% | 1.07% | 4.13% |
| 2021 | -0.27% | -0.27% | -0.27% | 0.27% | -0.27% | -0.27% | -0.27% | -0.27% | -0.27% | -0.27% | -0.28% | 0.28% | -2.16% |
Benchmark Metrics
Comstock Capital Value Fund has an annualized alpha of 26.76%, beta of -0.63, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 10, 1985.
- This fund tended to rise when S&P 500 Index fell (downside capture of -74.97%), but participation in market rallies was also limited (-28.47%) - a profile typical of counter-cyclical assets.
- Beta of -0.63 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 26.76%
- Beta
- -0.63
- R²
- 0.01
- Upside Capture
- -28.47%
- Downside Capture
- -74.97%
Expense Ratio
DRCVX has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
DRCVX ranks 97 for risk / return — in the top 97% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Comstock Capital Value Fund (DRCVX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DRCVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 1.37 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 10.03 | 2.78 | +7.25 |
| Martin ratioReturn relative to average drawdown | 35.99 | 12.44 | +23.55 |
Dividends
Dividend History
Comstock Capital Value Fund provided a 1.91% dividend yield over the last twelve months, with an annual payout of $0.09 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.09 | $0.09 | $0.00 | $0.07 |
Dividend yield | 1.91% | 1.96% | 0.00% | 1.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Comstock Capital Value Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.07 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Comstock Capital Value Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Comstock Capital Value Fund was 97.47%, occurring on Jun 16, 2022. The portfolio has not yet recovered.
The current Comstock Capital Value Fund drawdown is 96.62%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -97.47%Jun 2022 | 32y 6mo | — | 36y 6moDec 1989 - now |
1986 correction1986 | -16.11%Dec 1986 | 6mo 1d | 2mo 5d | 8mo 6dJul 1986 - Mar 1987 |
Black Monday1987 | -10.03%Dec 1987 | 4mo 1d | 10mo 22d | 1y 2moAug 1987 - Oct 1988 |
1989 pullback1989 | -8.71%Jan 1989 | 2mo 3d | 4mo 14d | 6mo 17dNov 1988 - May 1989 |
1987 pullback1987 | -6.28%Apr 1987 | 7d | 23d | 1moApr 1987 - May 1987 |
Drawdown Indicators
| DRCVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.47% | -56.78% | -40.69% |
Max Drawdown (1Y)Largest decline over 1 year | -0.89% | -9.10% | +8.21% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -18.90% | +15.08% |
Max Drawdown (5Y)Largest decline over 5 years | -4.08% | -25.43% | +21.35% |
Max Drawdown (10Y)Largest decline over 10 years | -54.27% | -33.92% | -20.35% |
Current DrawdownCurrent decline from peak | -96.62% | -1.80% | -94.82% |
Average DrawdownAverage peak-to-trough decline | -65.92% | -10.71% | -55.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 2.03% | -1.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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