- ISIN
- US3623951056
- CUSIP
- 362395105
- Issuer
- Gabelli
- Inception Date
- Mar 3, 1986
- Category
- Large Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GABAX Performance Chart
Gabelli Asset Fund (GABAX) is up 9.4% since the beginning of the year. GABAX is currently trading at $52 per share. Investors who bought $1,000 worth of GABAX shares 5 years ago would now be looking at an investment worth $1,446.
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Returns By Period
Gabelli Asset Fund (GABAX) has returned 9.36% so far this year and 22.45% over the past 12 months. Over the last ten years, GABAX has returned 9.88% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Gabelli Asset Fund
- 1D
- 0.58%
- 1M
- 3.07%
- YTD
- 9.36%
- 6M
- 8.17%
- 1Y
- 22.45%
- 3Y*
- 12.74%
- 5Y*
- 7.66%
- 10Y*
- 9.88%
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%
GABAX Monthly Returns History
Based on dividend-adjusted daily data since Feb 28, 1986, GABAX's average daily return is +0.05%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +13.9%, while the worst month was Oct 2008 at -19.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GABAX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +11.2%, while the worst single day was Oct 22, 1987 at -11.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.73% | 4.60% | -7.56% | 5.94% | -0.43% | 2.37% | 9.36% | ||||||
| 2025 | 4.35% | 0.19% | -3.15% | -0.82% | 4.05% | 2.42% | 0.82% | 3.40% | 1.52% | -0.21% | 2.37% | 0.83% | 16.65% |
| 2024 | 0.10% | 2.59% | 3.85% | -4.39% | 1.72% | -1.71% | 5.22% | 1.83% | 1.34% | -1.08% | 5.14% | -6.14% | 8.07% |
| 2023 | 6.48% | -2.37% | 0.40% | 0.63% | -5.23% | 7.65% | 2.32% | -2.36% | -5.39% | -4.07% | 6.76% | 6.36% | 10.32% |
| 2022 | -3.94% | -2.04% | 2.56% | -6.58% | 1.00% | -8.68% | 7.43% | -3.48% | -8.32% | 9.81% | 7.34% | -4.20% | -10.74% |
| 2021 | -1.37% | 5.12% | 4.12% | 4.49% | 3.03% | -1.45% | 1.10% | 0.99% | -4.26% | 3.70% | -3.09% | 5.71% | 18.96% |
Benchmark Metrics
Gabelli Asset Fund has an annualized alpha of 3.67%, beta of 0.76, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since February 28, 1986.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (90.83%) than losses (82.43%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 3.67% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 3.67%
- Beta
- 0.76
- R²
- 0.79
- Upside Capture
- 90.83%
- Downside Capture
- 82.43%
Expense Ratio
GABAX has a high expense ratio of 1.33%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GABAX ranks 40 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Gabelli Asset Fund (GABAX) 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.
| GABAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.78 | -0.64 |
| Martin ratioReturn relative to average drawdown | 8.18 | 12.44 | -4.26 |
Dividends
Dividend History
Gabelli Asset Fund provided a 11.24% dividend yield over the last twelve months, with an annual payout of $5.82 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $5.82 | $5.82 | $7.01 | $3.90 | $4.78 | $5.72 | $7.09 | $5.52 | $4.95 | $5.13 | $7.05 | $7.56 |
Dividend yield | 11.24% | 12.29% | 15.41% | 8.04% | 10.06% | 9.78% | 13.12% | 10.04% | 10.01% | 8.69% | 13.23% | 13.98% |
Monthly Dividends
The table displays the monthly dividend distributions for Gabelli Asset 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 | $5.82 | $5.82 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.01 | $7.01 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.90 | $3.90 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.78 | $4.78 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.72 | $5.72 |
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 Gabelli Asset 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 Gabelli Asset Fund was 55.44%, occurring on Mar 9, 2009. Recovery took 484 trading sessions.
The current Gabelli Asset Fund drawdown is 0.48%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.44%Mar 2009 | 1y 4mo | 1y 11mo | 3y 3moOct 2007 - Feb 2011 |
COVID crash2020 | -36.65%Mar 2020 | 2mo 2d | 7mo 21d | 9mo 23dJan 2020 - Nov 2020 |
Dot-com crash2000–2002 | -31.29%Oct 2002 | 1y 4mo | 1y 1mo | 2y 6moMay 2001 - Dec 2003 |
Black Monday1987 | -26.60%Oct 1987 | 2mo 17d | 11mo 7d | 1y 1moAug 1987 - Sep 1988 |
1998 bear market1998 | -22.81%Oct 1998 | 2mo 20d | 3mo | 5mo 20dJul 1998 - Jan 1999 |
Drawdown Indicators
| GABAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.44% | -56.78% | +1.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -9.10% | -1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -15.11% | -18.90% | +3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -25.43% | +3.53% |
Max Drawdown (10Y)Largest decline over 10 years | -36.65% | -33.92% | -2.73% |
Current DrawdownCurrent decline from peak | -0.48% | -1.80% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -10.71% | +5.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.03% | +0.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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