GABAX vs. DHAMX

Last updated Apr 2, 2026

Compare and contrast key facts about Gabelli Asset Fund (GABAX) and Centre American Select Equity Fund (DHAMX).

GABAX is managed by Gabelli. It was launched on Mar 3, 1986. DHAMX is managed by Centre Funds. It was launched on Dec 21, 2011.

Performance

GABAX vs. DHAMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Asset Fund (GABAX) and Centre American Select Equity Fund (DHAMX). The values are adjusted to include any dividend payments, if applicable.

GABAX vs. DHAMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GABAX Gabelli Asset Fund	1.27%	16.65%	8.07%	10.32%	-10.74%	18.96%	11.22%	22.44%	-7.61%	20.17%
DHAMX Centre American Select Equity Fund	7.48%	19.37%	1.33%	14.91%	-3.34%	27.41%	30.79%	16.38%	-3.82%	25.26%

Returns By Period

In the year-to-date period, GABAX achieves a 1.27% return, which is significantly lower than DHAMX's 7.48% return. Over the past 10 years, GABAX has underperformed DHAMX with an annualized return of 9.36%, while DHAMX has yielded a comparatively higher 13.05% annualized return.

GABAX

• 1D: 2.52%
• 1M: -7.34%
• YTD: 1.27%
• 6M: 4.45%
• 1Y: 16.44%
• 3Y*: 10.50%
• 5Y*: 6.51%
• 10Y*: 9.36%

DHAMX

• 1D: 2.50%
• 1M: -6.02%
• YTD: 7.48%
• 6M: 14.78%
• 1Y: 35.90%
• 3Y*: 12.39%
• 5Y*: 10.73%
• 10Y*: 13.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GABAX vs. DHAMX - Expense Ratio Comparison

GABAX has a 1.33% expense ratio, which is lower than DHAMX's 1.46% expense ratio.

DHAMX

Centre American Select Equity Fund

GABAX

Gabelli Asset Fund

Return for Risk

GABAX vs. DHAMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GABAX

GABAX Risk / Return Rank: 56
GABAX Sharpe Ratio Rank: 54
GABAX Sortino Ratio Rank: 56
GABAX Omega Ratio Rank: 51
GABAX Calmar Ratio Rank: 60
GABAX Martin Ratio Rank: 60

DHAMX

DHAMX Risk / Return Rank: 89
DHAMX Sharpe Ratio Rank: 88
DHAMX Sortino Ratio Rank: 89
DHAMX Omega Ratio Rank: 84
DHAMX Calmar Ratio Rank: 94
DHAMX Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GABAX vs. DHAMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Asset Fund (GABAX) and Centre American Select Equity Fund (DHAMX). 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.

	GABAX	DHAMX	Difference
Sharpe ratio Return per unit of total volatility	1.07	1.81	-0.74
Sortino ratio Return per unit of downside risk	1.58	2.53	-0.95
Omega ratio Gain probability vs. loss probability	1.22	1.35	-0.13
Calmar ratio Return relative to maximum drawdown	1.50	3.13	-1.63
Martin ratio Return relative to average drawdown	6.02	11.58	-5.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GABAX vs. DHAMX - Sharpe Ratio Comparison

The current GABAX Sharpe Ratio is 1.07, which is lower than the DHAMX Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of GABAX and DHAMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GABAX	DHAMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	1.81	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.61	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.76	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.81	-0.13

Correlation

The correlation between GABAX and DHAMX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GABAX vs. DHAMX - Dividend Comparison

GABAX's dividend yield for the trailing twelve months is around 12.14%, less than DHAMX's 33.54% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABAX Gabelli Asset Fund	12.14%	12.29%	15.41%	8.04%	10.06%	9.78%	13.12%	10.04%	10.01%	8.69%	13.23%	13.98%
DHAMX Centre American Select Equity Fund	33.54%	36.05%	0.00%	2.58%	1.37%	16.31%	4.52%	9.94%	22.37%	13.14%	3.57%	11.03%

Drawdowns

GABAX vs. DHAMX - Drawdown Comparison

The maximum GABAX drawdown since its inception was -55.44%, which is greater than DHAMX's maximum drawdown of -28.47%. Use the drawdown chart below to compare losses from any high point for GABAX and DHAMX.

Drawdown Indicators

	GABAX	DHAMX	Difference
Max Drawdown Largest peak-to-trough decline	-55.44%	-28.47%	-26.97%
Max Drawdown (1Y) Largest decline over 1 year	-11.43%	-11.65%	+0.22%
Max Drawdown (5Y) Largest decline over 5 years	-21.90%	-28.47%	+6.57%
Max Drawdown (10Y) Largest decline over 10 years	-36.65%	-28.47%	-8.18%
Current Drawdown Current decline from peak	-7.77%	-7.59%	-0.18%
Average Drawdown Average peak-to-trough decline	-5.57%	-4.20%	-1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	3.15%	-0.30%

Volatility

GABAX vs. DHAMX - Volatility Comparison

The current volatility for Gabelli Asset Fund (GABAX) is 5.44%, while Centre American Select Equity Fund (DHAMX) has a volatility of 5.83%. This indicates that GABAX experiences smaller price fluctuations and is considered to be less risky than DHAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GABAX	DHAMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.44%	5.83%	-0.39%
Volatility (6M) Calculated over the trailing 6-month period	9.23%	12.58%	-3.35%
Volatility (1Y) Calculated over the trailing 1-year period	15.64%	19.84%	-4.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.88%	17.65%	-2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.46%	17.26%	-0.80%