GABAX vs. GABVX

Last updated Aug 1, 2026

GABAX (Gabelli Asset Fund) and GABVX (Gabelli Value 25 Fund) are both mutual funds - GABAX is a Large Cap Blend Equities fund managed by Gabelli, while GABVX is a Mid Cap Blend Equities fund managed by Gabelli. Over the past 10 years, GABAX returned 9.62%/yr vs 7.33%/yr for GABVX. Their correlation of 0.94 means they have usually moved in the same direction. GABAX charges 1.33%/yr vs 1.43%/yr for GABVX.

Performance

GABAX vs. GABVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Asset Fund (GABAX) and Gabelli Value 25 Fund (GABVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with GABAX having a 10.18% return and GABVX slightly higher at 10.34%. Over the past 10 years, GABAX has outperformed GABVX with an annualized return of 9.62%, while GABVX has yielded a comparatively lower 7.33% annualized return.

GABAX

• 1D: 0.77%
• 1M: -0.15%
• 6M: 5.20%
• YTD: 10.18%
• 1Y: 20.45%
• 3Y*: 11.80%
• 5Y*: 7.04%
• 10Y*: 9.62%
• ALL TIME*: 10.74%

GABVX

• 1D: 0.71%
• 1M: -0.16%
• 6M: 6.45%
• YTD: 10.34%
• 1Y: 26.17%
• 3Y*: 14.00%
• 5Y*: 6.11%
• 10Y*: 7.33%
• ALL TIME*: 9.24%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GABAX Gabelli Asset Fund	$0.00	$0.00	$0.00
GABVX Gabelli Value 25 Fund	$0.00	$0.00	$0.00

GABAX vs. GABVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GABAX Gabelli Asset Fund	10.18%	16.65%	8.07%	10.32%	-10.74%	18.96%	11.22%	22.44%	-7.61%	20.17%
GABVX Gabelli Value 25 Fund	10.34%	28.77%	4.10%	8.75%	-15.87%	14.86%	5.86%	17.84%	-8.19%	12.77%

Correlation

The correlation between GABAX and GABVX is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since Sep 29, 1989	0.94

The correlation between GABAX and GABVX has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.

Return for Risk

GABAX vs. GABVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GABAX

GABAX Risk / Return Rank: 57
GABAX Sharpe Ratio Rank: 62
GABAX Sortino Ratio Rank: 64
GABAX Omega Ratio Rank: 59
GABAX Calmar Ratio Rank: 48
GABAX Martin Ratio Rank: 51

GABVX

GABVX Risk / Return Rank: 80
GABVX Sharpe Ratio Rank: 81
GABVX Sortino Ratio Rank: 80
GABVX Omega Ratio Rank: 76
GABVX Calmar Ratio Rank: 80
GABVX Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GABAX vs. GABVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Asset Fund (GABAX) and Gabelli Value 25 Fund (GABVX). 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	GABVX	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.93	-0.45
Sortino ratio: Return per unit of downside risk	2.20	2.77	-0.57
Omega ratio: Gain probability vs. loss probability	1.27	1.34	-0.07
Calmar ratio: Return relative to maximum drawdown	1.81	2.66	-0.85
Martin ratio: Return relative to average drawdown	6.90	10.89	-3.98

GABAX vs. GABVX - Sharpe Ratio Comparison

The current GABAX Sharpe Ratio is 1.49, which is comparable to the GABVX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of GABAX and GABVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GABAX vs. GABVX - Drawdown Comparison

The maximum GABAX drawdown since its inception was -55.44%, smaller than the maximum GABVX drawdown of -63.09%. Use the drawdown chart below to compare losses from any high point for GABAX and GABVX.

Drawdown Indicators

	GABAX	GABVX	Difference
Max Drawdown Largest peak-to-trough decline	-55.44%	-63.09%	+7.65%
Max Drawdown (1Y) Largest decline over 1 year	-10.47%	-9.10%	-1.37%
Max Drawdown (3Y) Largest decline over 3 years	-15.11%	-18.17%	+3.06%
Max Drawdown (5Y) Largest decline over 5 years	-21.90%	-26.39%	+4.49%
Max Drawdown (10Y) Largest decline over 10 years	-36.65%	-39.69%	+3.04%
Current Drawdown Current decline from peak	-0.69%	-0.16%	-0.53%
Average Drawdown Average peak-to-trough decline	-5.54%	-8.47%	+2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	2.22%	+0.51%

Volatility

GABAX vs. GABVX - Volatility Comparison

Gabelli Asset Fund (GABAX) and Gabelli Value 25 Fund (GABVX) have volatilities of 3.01% and 3.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GABAX	GABVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	3.10%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	10.21%	9.73%	+0.48%
Volatility (1Y) Calculated over the trailing 1-year period	12.72%	12.51%	+0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.95%	16.20%	-1.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.43%	17.46%	-1.03%

GABAX vs. GABVX - Expense Ratio Comparison

GABAX has a 1.33% expense ratio, which is lower than GABVX's 1.43% expense ratio.

Dividends

GABAX vs. GABVX - Dividend Comparison

GABAX's dividend yield for the trailing twelve months is around 11.16%, more than GABVX's 9.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABAX Gabelli Asset Fund	11.16%	12.29%	15.41%	8.04%	10.06%	9.78%	13.12%	10.04%	10.01%	8.69%	13.23%	13.98%
GABVX Gabelli Value 25 Fund	9.98%	11.01%	0.00%	12.15%	17.78%	12.01%	9.32%	10.28%	9.54%	6.82%	7.49%	17.39%

Frequently Asked Questions

Can I hold both GABAX and GABVX in my portfolio?

GABAX and GABVX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GABAX or GABVX?

GABVX has higher volatility (3.10%) compared to GABAX (3.01%). In terms of maximum drawdown, GABAX dropped -55.44% vs GABVX's -63.09%.

Which has better risk-adjusted returns?

GABVX currently has the higher Sharpe Ratio (1.93 vs 1.49), 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.