AEDNX vs. GABCX
Compare and contrast key facts about Water Island Event-Driven Fund (AEDNX) and Gabelli ABC Fund (GABCX).
AEDNX is managed by Arbitrage Fund. It was launched on Sep 30, 2010. GABCX is managed by Gabelli. It was launched on May 13, 1993.
Performance
AEDNX vs. GABCX - Performance Comparison
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AEDNX vs. GABCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AEDNX Water Island Event-Driven Fund | 0.55% | 8.67% | 2.26% | 5.90% | -0.63% | 1.18% | 13.42% | 4.76% | -0.15% | 3.89% |
GABCX Gabelli ABC Fund | 1.84% | 5.86% | 2.97% | 6.84% | -2.02% | 4.37% | 2.90% | 4.80% | 0.20% | 2.20% |
Returns By Period
In the year-to-date period, AEDNX achieves a 0.55% return, which is significantly lower than GABCX's 1.84% return. Over the past 10 years, AEDNX has outperformed GABCX with an annualized return of 4.21%, while GABCX has yielded a comparatively lower 3.20% annualized return.
AEDNX
- 1D
- 0.78%
- 1M
- -0.39%
- YTD
- 0.55%
- 6M
- 2.38%
- 1Y
- 6.49%
- 3Y*
- 5.62%
- 5Y*
- 2.95%
- 10Y*
- 4.21%
GABCX
- 1D
- 0.64%
- 1M
- -1.51%
- YTD
- 1.84%
- 6M
- 2.10%
- 1Y
- 7.40%
- 3Y*
- 5.23%
- 5Y*
- 3.43%
- 10Y*
- 3.20%
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AEDNX vs. GABCX - Expense Ratio Comparison
AEDNX has a 1.44% expense ratio, which is higher than GABCX's 0.79% expense ratio.
Return for Risk
AEDNX vs. GABCX — Risk / Return Rank
AEDNX
GABCX
AEDNX vs. GABCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Water Island Event-Driven Fund (AEDNX) and Gabelli ABC Fund (GABCX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AEDNX | GABCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.40 | 1.35 | +1.05 |
Sortino ratioReturn per unit of downside risk | 3.47 | 1.94 | +1.53 |
Omega ratioGain probability vs. loss probability | 1.61 | 1.26 | +0.35 |
Calmar ratioReturn relative to maximum drawdown | 3.25 | 2.08 | +1.17 |
Martin ratioReturn relative to average drawdown | 15.14 | 7.14 | +7.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AEDNX | GABCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 1.35 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.73 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.76 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.88 | -0.25 |
Correlation
The correlation between AEDNX and GABCX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AEDNX vs. GABCX - Dividend Comparison
AEDNX's dividend yield for the trailing twelve months is around 0.94%, less than GABCX's 4.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEDNX Water Island Event-Driven Fund | 0.94% | 0.95% | 0.20% | 0.72% | 0.00% | 0.00% | 0.24% | 0.46% | 1.78% | 0.62% | 0.00% | 2.79% |
GABCX Gabelli ABC Fund | 4.53% | 4.61% | 0.00% | 3.35% | 1.38% | 4.55% | 0.44% | 2.95% | 3.69% | 0.13% | 2.37% | 2.63% |
Drawdowns
AEDNX vs. GABCX - Drawdown Comparison
The maximum AEDNX drawdown since its inception was -13.03%, which is greater than GABCX's maximum drawdown of -10.80%. Use the drawdown chart below to compare losses from any high point for AEDNX and GABCX.
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Drawdown Indicators
| AEDNX | GABCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.03% | -10.80% | -2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -2.05% | -3.60% | +1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -8.94% | -8.67% | -0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -12.24% | -10.80% | -1.44% |
Current DrawdownCurrent decline from peak | -0.46% | -1.51% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -2.73% | -0.95% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 1.05% | -0.61% |
Volatility
AEDNX vs. GABCX - Volatility Comparison
The current volatility for Water Island Event-Driven Fund (AEDNX) is 1.36%, while Gabelli ABC Fund (GABCX) has a volatility of 1.51%. This indicates that AEDNX experiences smaller price fluctuations and is considered to be less risky than GABCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEDNX | GABCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.51% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.87% | 3.50% | -1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.75% | 5.50% | -2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.04% | 4.69% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.14% | 4.24% | +0.90% |