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 500 Equal Weight Index. It was launched on Apr 24, 2003.
Performance
GABAX vs. RSP - Performance Comparison
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GABAX vs. RSP - 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% |
RSP Invesco S&P 500 Equal Weight ETF | 0.94% | 11.21% | 12.79% | 13.70% | -11.62% | 29.41% | 12.66% | 28.91% | -7.84% | 18.52% |
Returns By Period
In the year-to-date period, GABAX achieves a 1.27% return, which is significantly higher than RSP's 0.94% return. Over the past 10 years, GABAX has underperformed RSP with an annualized return of 9.36%, while RSP has yielded a comparatively higher 11.21% 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%
RSP
- 1D
- 0.32%
- 1M
- -5.49%
- YTD
- 0.94%
- 6M
- 2.11%
- 1Y
- 12.90%
- 3Y*
- 11.84%
- 5Y*
- 7.88%
- 10Y*
- 11.21%
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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.
Return for Risk
GABAX vs. RSP — Risk / Return Rank
GABAX
RSP
GABAX vs. RSP - Risk-Adjusted Trends 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.
| GABAX | RSP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 0.75 | +0.32 |
Sortino ratioReturn per unit of downside risk | 1.58 | 1.17 | +0.41 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.04 | +0.46 |
Martin ratioReturn relative to average drawdown | 6.02 | 4.64 | +1.38 |
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
| GABAX | RSP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.75 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.49 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.61 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.55 | +0.13 |
Correlation
The correlation between GABAX and RSP is 0.95, 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. RSP - Dividend Comparison
GABAX's dividend yield for the trailing twelve months is around 12.14%, more than RSP's 1.62% 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% |
RSP Invesco S&P 500 Equal Weight ETF | 1.62% | 1.64% | 1.52% | 1.64% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% |
Drawdowns
GABAX vs. RSP - Drawdown Comparison
The maximum GABAX drawdown since its inception was -55.44%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for GABAX and RSP.
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Drawdown Indicators
| GABAX | RSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.44% | -59.92% | +4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -12.54% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -21.38% | -0.52% |
Max Drawdown (10Y)Largest decline over 10 years | -36.65% | -39.04% | +2.39% |
Current DrawdownCurrent decline from peak | -7.77% | -5.66% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -6.69% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 2.80% | +0.05% |
Volatility
GABAX vs. RSP - Volatility Comparison
Gabelli Asset Fund (GABAX) has a higher volatility of 5.44% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 4.40%. This indicates that GABAX's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GABAX | RSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 4.40% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.23% | 8.84% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.64% | 17.16% | -1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.88% | 16.20% | -1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.46% | 18.36% | -1.90% |