- ISIN
- US36239R1077
- CUSIP
- 36239R107
- Issuer
- Gabelli
- Inception Date
- Jul 10, 1994
- Category
- Gold, Precious Metals
- Min. Investment
- $1,000
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GOLDX Performance Chart
Gabelli Gold Fund (GOLDX) is down 10.8% since the beginning of the year. GOLDX is currently trading at $42 per share. Investors who bought $1,000 worth of GOLDX shares 5 years ago would now be looking at an investment worth $2,456.
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Returns By Period
Gabelli Gold Fund (GOLDX) has returned -10.82% so far this year and 55.76% over the past 12 months. Over the last ten years, GOLDX has returned 10.45% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Gabelli Gold Fund
- 1D
- 3.25%
- 1M
- -3.19%
- 6M
- -28.68%
- YTD
- -10.82%
- 1Y
- 55.76%
- 3Y*
- 40.50%
- 5Y*
- 19.69%
- 10Y*
- 10.45%
- ALL TIME*
- 7.32%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
GOLDX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 1995, GOLDX's average daily return is +0.05%, while the average monthly return is +1.12%. At this rate, an investment would double in approximately 5.2 years.
Historically, 53% of months were positive and 47% were negative. The best month was Sep 1998 with a return of +50.1%, while the worst month was Oct 2008 at -38.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 9 months.
On a daily basis, GOLDX closed higher 49% of trading days. The best single day was Nov 21, 2008 with a return of +22.8%, while the worst single day was Oct 22, 2008 at -16.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 25.03% | 8.90% | -22.23% | -2.51% | 1.02% | -15.25% | 0.90% | -10.82% | |||||
| 2025 | 12.69% | 2.02% | 15.05% | 9.18% | 5.39% | 2.08% | -3.35% | 22.35% | 19.56% | -3.20% | 17.58% | 6.22% | 165.59% |
| 2024 | -9.26% | -5.47% | 18.35% | 3.85% | 6.51% | -5.17% | 10.59% | 5.31% | 2.88% | 3.37% | -5.76% | -7.53% | 14.92% |
| 2023 | 10.42% | -13.05% | 14.69% | 3.62% | -7.36% | -2.65% | 2.83% | -3.54% | -9.39% | 3.86% | 12.33% | -0.06% | 7.85% |
| 2022 | -7.36% | 14.87% | 9.91% | -8.02% | -8.52% | -13.94% | -3.31% | -9.25% | 1.28% | -0.84% | 19.45% | -0.18% | -11.02% |
| 2021 | -5.06% | -11.63% | 2.93% | 7.82% | 13.93% | -11.50% | 3.13% | -5.58% | -10.07% | 9.74% | -0.16% | 1.07% | -8.97% |
Benchmark Metrics
Gabelli Gold Fund has an annualized alpha of 8.44%, beta of 0.45, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since January 03, 1995.
- This fund participated in 65.99% of S&P 500 Index downside but only 63.03% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.45 may look defensive, but with R2 of 0.06 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 0.06 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
- 8.44%
- Beta
- 0.45
- R²
- 0.06
- Upside Capture
- 63.03%
- Downside Capture
- 65.99%
Expense Ratio
GOLDX has a high expense ratio of 1.51%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GOLDX ranks 32 for risk / return — above 32% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Gabelli Gold Fund (GOLDX) 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.
| GOLDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.00 | -0.55 |
| Martin ratioReturn relative to average drawdown | 3.19 | 8.49 | -5.30 |
Dividends
Dividend History
Gabelli Gold Fund provided a 17.46% dividend yield over the last twelve months, with an annual payout of $7.27 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $7.27 | $7.27 | $0.43 | $0.20 | $0.00 | $0.00 | $0.35 | $0.14 | $0.04 | $0.07 | $0.28 |
Dividend yield | 17.46% | 15.57% | 2.11% | 1.13% | 0.00% | 0.00% | 1.69% | 0.83% | 0.34% | 0.51% | 2.18% |
Monthly Dividends
The table displays the monthly dividend distributions for Gabelli Gold 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 | $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 | $7.27 | $7.27 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2022 | $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 |
| 2021 | $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 |
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 Gold 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 Gold Fund was 73.40%, occurring on Jan 19, 2016. Recovery took 2322 trading sessions.
The current Gabelli Gold Fund drawdown is 34.65%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-73.40%Jan 2016 | 4y 4mo | 9y 2mo | 13y 7moSep 2011 - Apr 2025 | — |
-73.40%Aug 1998 | 2y 2mo | 5y 10d | 7y 3moJun 1996 - Sep 2003 | — |
-70.55%Oct 2008 | 7mo 14d | 1y 7mo | 2y 3moMar 2008 - Jun 2010 | Financial crisis2007–2009 |
-39.55%Jul 2026 | 4mo 19d | — | 5mo 3dMar 2026 - now | — |
-31.30%May 2004 | 4mo 2d | 1y 4mo | 1y 8moJan 2004 - Sep 2005 | — |
Drawdown Indicators
| GOLDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.40% | -56.78% | -16.62% |
Max Drawdown (1Y)Largest decline over 1 year | -39.55% | -9.10% | -30.45% |
Max Drawdown (3Y)Largest decline over 3 years | -39.55% | -18.90% | -20.65% |
Max Drawdown (5Y)Largest decline over 5 years | -44.73% | -25.43% | -19.30% |
Max Drawdown (10Y)Largest decline over 10 years | -49.42% | -33.92% | -15.50% |
Current DrawdownCurrent decline from peak | -34.65% | -1.58% | -33.07% |
Average DrawdownAverage peak-to-trough decline | -34.49% | -10.70% | -23.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.94% | 2.14% | +15.80% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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