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 0.95, 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.
Performance
GABAX vs. RSP - Performance Comparison
Key characteristics
GABAX:
-0.11
RSP:
1.48
GABAX:
-0.02
RSP:
2.09
GABAX:
1.00
RSP:
1.26
GABAX:
-0.06
RSP:
2.28
GABAX:
-0.31
RSP:
6.12
GABAX:
6.44%
RSP:
2.73%
GABAX:
17.85%
RSP:
11.30%
GABAX:
-58.01%
RSP:
-59.92%
GABAX:
-28.47%
RSP:
-2.40%
Returns By Period
In the year-to-date period, GABAX achieves a 5.56% return, which is significantly higher than RSP's 4.13% return. Over the past 10 years, GABAX has underperformed RSP with an annualized return of -2.91%, while RSP has yielded a comparatively higher 10.13% annualized return.
GABAX
5.56%
3.22%
-6.46%
-2.13%
-2.71%
-2.91%
RSP
4.13%
1.35%
7.25%
15.81%
10.96%
10.13%
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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 0.37%, less than RSP's 1.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABAX Gabelli Asset Fund | 0.37% | 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 | 1.46% | 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
Gabelli Asset Fund (GABAX) and Invesco S&P 500® Equal Weight ETF (RSP) have volatilities of 2.67% and 2.61%, 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.