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Gabelli Enterprise Mergers and Acquisitions Fund (EMAYX) Sharpe Ratio: 2.16

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The advisor intends to invest primarily in equity securities of companies believed to be likely acquisition targets within twelve to eighteen months. The fund also may engage in arbitrage transactions by investing in the equity securities of companies that are involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations, and other corporate reorganizations. It generally invests in securities of U.S. companies, but also may invest its assets in foreign securities, including emerging market securities.

EMAYX's Sharpe Ratio of 2.16 indicates that for each unit of volatility, it generates 2.16 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

EMAYX Sharpe Ratio Rank

EMAYX Sharpe Ratio Rank: 64.565
Above Average

EMAYX ranks above 64.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

EMAYX Sharpe Ratio Market Positioning

The chart shows EMAYX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.30 or lower
  • Yellow zone (middle 50%): 1.30 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.29+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Gabelli Enterprise Mergers and Acquisitions Fund's Sharpe Ratio with other mutual funds in the Event Driven category across multiple time periods, showing how EMAYX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
HMEZXNexPoint Merger Arbitrage Fund4.29
VARBXVivaldi Merger Arbitrage Fund Class I3.67
MERIXThe Merger Fund Class I3.45
DAMDXDunham Monthly Distribution Fund3.43
ARBNXThe Arbitrage Fund Class Institutional3.41
ARBFXThe Arbitrage Fund3.31
MERFXThe Merger Fund3.18
AEDNXWater Island Event-Driven Fund3.09
EMAYXGabelli Enterprise Mergers and Acquisitions Fund2.16
BILPXBlackRock Event Driven Equity Fund2.12

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows EMAYX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when EMAYX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does EMAYX fit in your portfolio?

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