GABAX vs. DGRO
GABAX (Gabelli Asset Fund) and DGRO (iShares Core Dividend Growth ETF) are both funds - GABAX is a Large Cap Blend Equities fund managed by Gabelli, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Over the past 10 years, GABAX returned 10.22%/yr vs 13.62%/yr for DGRO. Their correlation of 0.91 suggests significant overlap in exposure. GABAX charges 1.33%/yr vs 0.08%/yr for DGRO.
Performance
GABAX vs. DGRO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GABAX having a 9.38% return and DGRO slightly lower at 9.19%. Over the past 10 years, GABAX has underperformed DGRO with an annualized return of 10.22%, while DGRO has yielded a comparatively higher 13.62% annualized return.
GABAX
- 1D
- 0.02%
- 1M
- 3.09%
- YTD
- 9.38%
- 6M
- 8.07%
- 1Y
- 21.47%
- 3Y*
- 13.53%
- 5Y*
- 7.31%
- 10Y*
- 10.22%
DGRO
- 1D
- 0.32%
- 1M
- 0.80%
- YTD
- 9.19%
- 6M
- 8.52%
- 1Y
- 22.22%
- 3Y*
- 16.92%
- 5Y*
- 11.00%
- 10Y*
- 13.62%
GABAX vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GABAX Gabelli Asset Fund | 9.38% | 16.65% | 8.07% | 10.32% | -10.74% | 18.96% | 11.22% | 22.44% | -7.61% | 20.17% |
DGRO iShares Core Dividend Growth ETF | 9.19% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 29.87% | -2.38% | 23.00% |
Correlation
The correlation between GABAX and DGRO is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.91 |
The correlation between GABAX and DGRO has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
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Return for Risk
GABAX vs. DGRO — Risk / Return Rank
GABAX
DGRO
GABAX vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Asset Fund (GABAX) and iShares Core Dividend Growth ETF (DGRO). 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.
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.
| GABAX | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.42 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 3.45 | -1.29 |
| Martin ratioReturn relative to average drawdown | 8.21 | 13.31 | -5.10 |
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Drawdowns
GABAX vs. DGRO - Drawdown Comparison
The maximum GABAX drawdown since its inception was -55.44%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for GABAX and DGRO.
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Drawdown Indicators
| GABAX | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.44% | -35.10% | -20.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -6.47% | -4.00% |
Max Drawdown (3Y)Largest decline over 3 years | -15.11% | -14.03% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -19.31% | -2.59% |
Max Drawdown (10Y)Largest decline over 10 years | -36.65% | -35.10% | -1.55% |
Current DrawdownCurrent decline from peak | -0.46% | -0.90% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -3.43% | -2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 1.67% | +1.07% |
Volatility
GABAX vs. DGRO - Volatility Comparison
Gabelli Asset Fund (GABAX) has a higher volatility of 3.80% compared to iShares Core Dividend Growth ETF (DGRO) at 2.63%. This indicates that GABAX's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GABAX | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 2.63% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.23% | 6.94% | +3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.77% | 9.53% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 13.80% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 16.60% | -0.07% |
GABAX vs. DGRO - Expense Ratio Comparison
GABAX has a 1.33% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Dividends
GABAX vs. DGRO - Dividend Comparison
GABAX's dividend yield for the trailing twelve months is around 11.24%, more than DGRO's 1.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.97% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
GABAX Gabelli Asset Fund | 11.24% | 12.29% | 15.41% | 8.04% | 10.06% | 9.78% | 13.12% | 10.04% | 10.01% | 8.69% | 13.23% | 13.98% |
Frequently Asked Questions
GABAX and DGRO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GABAX has higher volatility (3.80%) compared to DGRO (2.63%). In terms of maximum drawdown, GABAX dropped -55.44% vs DGRO's -35.10%.
DGRO currently has the higher Sharpe Ratio (2.35 vs 1.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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