- ISIN
- US36239T2024
- CUSIP
- 36239T202
- Issuer
- Gabelli
- Inception Date
- Jan 2, 1992
- 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
GABEX Performance Chart
Gabelli Equity Income Fund (GABEX) is up 7.3% since the beginning of the year. GABEX is currently trading at $5 per share. Investors who bought $1,000 worth of GABEX shares 5 years ago would now be looking at an investment worth $1,271.
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Returns By Period
Gabelli Equity Income Fund (GABEX) has returned 7.33% so far this year and 6.25% over the past 12 months. Over the last ten years, GABEX has returned 11.74% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Gabelli Equity Income Fund
- 1D
- 0.98%
- 1M
- 1.95%
- YTD
- 7.33%
- 6M
- 7.91%
- 1Y
- 6.25%
- 3Y*
- 8.70%
- 5Y*
- 4.92%
- 10Y*
- 11.74%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
GABEX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 1991, GABEX's average daily return is +0.05%, while the average monthly return is +0.93%. At this rate, an investment would double in approximately 6.2 years.
Historically, 63% of months were positive and 37% were negative. The best month was Sep 2019 with a return of +47.4%, while the worst month was Oct 2008 at -16.7%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GABEX closed higher 52% of trading days. The best single day was Sep 26, 2019 with a return of +42.9%, while the worst single day was Dec 29, 2011 at -12.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.11% | 3.85% | -6.46% | 4.91% | -0.58% | 0.78% | 7.33% | ||||||
| 2025 | 4.42% | 0.64% | -3.08% | -1.16% | 4.33% | 2.23% | 1.49% | 3.71% | -9.75% | -0.74% | 2.11% | 0.91% | 4.33% |
| 2024 | -0.14% | 1.20% | 4.28% | -3.77% | 1.65% | -2.18% | 5.78% | 1.36% | 1.52% | -2.61% | 6.49% | -6.35% | 6.62% |
| 2023 | 5.11% | -1.86% | -0.87% | 0.81% | -5.42% | 7.28% | 2.20% | -2.18% | -5.08% | -3.70% | 6.94% | 5.89% | 8.25% |
| 2022 | -2.46% | -1.81% | 2.15% | -5.48% | 3.10% | -8.09% | 7.20% | -3.25% | -7.50% | 9.66% | 7.18% | -4.09% | -5.22% |
| 2021 | -1.20% | 5.31% | 5.18% | 4.55% | 3.75% | -1.66% | 0.90% | 1.22% | -3.47% | 4.78% | -3.68% | 6.13% | 23.28% |
Benchmark Metrics
Gabelli Equity Income Fund has an annualized alpha of 3.86%, beta of 0.76, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since January 02, 1992.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (87.71%) than losses (78.34%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 3.86% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 3.86%
- Beta
- 0.76
- R²
- 0.63
- Upside Capture
- 87.71%
- Downside Capture
- 78.34%
Expense Ratio
GABEX has a high expense ratio of 1.42%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GABEX ranks 6 for risk / return — in the bottom 6% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Gabelli Equity Income Fund (GABEX) and compare them to S&P 500 Index.
| GABEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.41 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 2.93 | -2.42 |
| Martin ratioReturn relative to average drawdown | 1.09 | 13.52 | -12.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Gabelli Equity Income Fund provided a 21.32% dividend yield over the last twelve months, with an annual payout of $1.10 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.10 | $1.10 | $2.02 | $1.79 | $1.81 | $2.26 | $3.65 | $9.36 | $5.20 | $4.19 | $4.04 | $2.01 |
Dividend yield | 21.32% | 20.83% | 33.06% | 23.48% | 20.49% | 19.96% | 32.82% | 65.43% | 31.87% | 17.83% | 16.63% | 7.78% |
Monthly Dividends
The table displays the monthly dividend distributions for Gabelli Equity Income 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 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.00 | $0.50 | ||||||
| 2025 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.00 | $0.10 | $0.10 | $0.10 | $1.10 |
| 2024 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.92 | $0.10 | $0.10 | $0.10 | $2.02 |
| 2023 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.69 | $0.10 | $0.10 | $0.10 | $1.79 |
| 2022 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.71 | $0.10 | $0.10 | $0.10 | $1.81 |
| 2021 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $1.16 | $0.10 | $0.10 | $0.10 | $2.26 |
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 Equity Income 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 Equity Income Fund was 52.25%, occurring on Mar 9, 2009. Recovery took 493 trading sessions.
The current Gabelli Equity Income Fund drawdown is 2.87%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -52.25%Mar 2009 | 1y 4mo | 1y 11mo | 3y 4moOct 2007 - Feb 2011 |
COVID crash2020 | -37.27%Mar 2020 | 1mo 2d | 7mo 22d | 8mo 24dFeb 2020 - Nov 2020 |
Dot-com crash2000–2002 | -25.81%Oct 2002 | 1y 4mo | 8mo 10d | 2y 10dJun 2001 - Jun 2003 |
Rate-hike selloffLate 2018 | -20.70%Dec 2018 | 10mo 28d | 9mo 6d | 1y 7moJan 2018 - Sep 2019 |
2011 correction2011 | -18.56%Oct 2011 | 5mo 4d | 2mo 26d | 8moMay 2011 - Dec 2011 |
Drawdown Indicators
| GABEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.25% | -56.78% | +4.53% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -9.10% | -4.01% |
Max Drawdown (3Y)Largest decline over 3 years | -14.75% | -18.90% | +4.15% |
Max Drawdown (5Y)Largest decline over 5 years | -17.59% | -25.43% | +7.84% |
Max Drawdown (10Y)Largest decline over 10 years | -37.27% | -33.92% | -3.35% |
Current DrawdownCurrent decline from peak | -2.87% | -0.74% | -2.13% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -10.72% | +5.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.07% | 1.97% | +4.10% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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