GAMCO Global Gold, Natural Resources and Income Trust (GGN)

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GAMCO Global Gold, Natural Resources and Income Trust (GGN) is down 0.8% since the beginning of the year. GGN is currently trading at $5 per share. Investors who bought $1,000 worth of GGN shares 5 years ago would now be looking at an investment worth $1,953.

GAMCO Global Gold, Natural Resources and Income Trust (GGN) has returned -0.79% so far this year and 19.35% over the past 12 months. Over the last ten years, GGN has returned 8.43% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Mar 29, 2005, GGN's average daily return is +0.03%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 years.

Historically, 56% of months were positive and 44% were negative. The best month was Apr 2016 with a return of +27.1%, while the worst month was Oct 2008 at -38.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, GGN closed higher 50% of trading days. The best single day was Nov 21, 2008 with a return of +26.6%, while the worst single day was Mar 18, 2020 at -21.7%.

GAMCO Global Gold, Natural Resources and Income Trust has an annualized alpha of 1.82%, beta of 0.61, and R2 of 0.16 versus S&P 500 Index. Calculated based on daily prices since March 29, 2005.

• This fund participated in 79.99% of S&P 500 Index downside but only 60.76% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.61 may look defensive, but with R2 of 0.16 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 0.16 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.

GGN has an expense ratio of 0.02%, which is considered low.

GGN ranks 12 for risk / return — in the bottom 12% 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.

GAMCO Global Gold, Natural Resources and Income Trust provided a 7.27% dividend yield over the last twelve months, with an annual payout of $0.36 per share.

The table displays the monthly dividend distributions for GAMCO Global Gold, Natural Resources and Income Trust. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the GAMCO Global Gold, Natural Resources and Income Trust. 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 GAMCO Global Gold, Natural Resources and Income Trust was 73.04%, occurring on Nov 20, 2008. Recovery took 4164 trading sessions.

The current GAMCO Global Gold, Natural Resources and Income Trust drawdown is 13.44%.

The chart below shows the rolling one-month volatility.