Gabelli Gold Fund (GOLDX)

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The chart shows the growth of an initial investment of $10,000 in Gabelli Gold Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Gabelli Gold Fund (GOLDX) has returned -0.94% so far this year and 98.89% over the past 12 months. Looking at the last ten years, GOLDX has achieved an annualized return of 16.72%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.

Based on dividend-adjusted daily data since Jan 3, 1995, GOLDX's average daily return is +0.05%, while the average monthly return is +1.17%. At this rate, your investment would double in approximately 5.0 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%.

Gabelli Gold Fund has an annualized alpha of 9.15%, beta of 0.44, and R² of 0.06 versus S&P 500 Index. Calculated based on daily prices since January 04, 1995.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (64.66%) than losses (64.33%) — typical of diversified or defensive assets.
• Beta of 0.44 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.

GOLDX has a high expense ratio of 1.51%, indicating above-average management fees.

GOLDX ranks 93 for risk / return — in the top 93% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Gabelli Gold Fund (GOLDX) and compare them to a chosen benchmark (S&P 500 Index).

Gabelli Gold Fund provided a 15.72% 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.

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.

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 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 27.41%.

The chart below shows the rolling one-month volatility.