GABAX vs. RSP
Compare and contrast key facts about Gabelli Asset Fund (GABAX) and Invesco S&P 500® Equal Weight ETF (RSP).
GABAX is managed by Gabelli. It was launched on Mar 3, 1986. RSP is a passively managed fund by Invesco that tracks the performance of the S&P Equal Weight Index. It was launched on Apr 30, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GABAX or RSP.
Correlation
The correlation between GABAX and RSP is 0.91, 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.
Performance
GABAX vs. RSP - Performance Comparison
Key characteristics
GABAX:
-0.47
RSP:
0.29
GABAX:
-0.46
RSP:
0.53
GABAX:
0.92
RSP:
1.07
GABAX:
-0.25
RSP:
0.28
GABAX:
-0.96
RSP:
1.07
GABAX:
10.22%
RSP:
4.58%
GABAX:
21.08%
RSP:
17.13%
GABAX:
-58.01%
RSP:
-59.92%
GABAX:
-32.54%
RSP:
-9.75%
Returns By Period
In the year-to-date period, GABAX achieves a -0.44% return, which is significantly higher than RSP's -3.71% return. Over the past 10 years, GABAX has underperformed RSP with an annualized return of -3.52%, while RSP has yielded a comparatively higher 9.28% annualized return.
GABAX
-0.44%
-1.26%
-14.83%
-9.22%
-0.53%
-3.52%
RSP
-3.71%
-2.26%
-5.47%
5.07%
13.12%
9.28%
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GABAX vs. RSP - Expense Ratio Comparison
GABAX has a 1.33% expense ratio, which is higher than RSP's 0.20% expense ratio.
Risk-Adjusted Performance
GABAX vs. RSP — Risk-Adjusted Performance Rank
GABAX
RSP
GABAX vs. RSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Asset Fund (GABAX) and Invesco S&P 500® Equal Weight ETF (RSP). 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.
Dividends
GABAX vs. RSP - Dividend Comparison
GABAX's dividend yield for the trailing twelve months is around 0.40%, less than RSP's 1.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABAX Gabelli Asset Fund | 0.40% | 0.39% | 0.33% | 0.18% | 0.33% | 0.31% | 0.42% | 0.35% | 0.15% | 0.78% | 0.40% | 0.27% |
RSP Invesco S&P 500® Equal Weight ETF | 1.67% | 1.52% | 1.63% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% | 1.46% |
Drawdowns
GABAX vs. RSP - Drawdown Comparison
The maximum GABAX drawdown since its inception was -58.01%, roughly equal to the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for GABAX and RSP. For additional features, visit the drawdowns tool.
Volatility
GABAX vs. RSP - Volatility Comparison
The current volatility for Gabelli Asset Fund (GABAX) is 11.02%, while Invesco S&P 500® Equal Weight ETF (RSP) has a volatility of 12.78%. This indicates that GABAX experiences smaller price fluctuations and is considered to be less risky than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.