GABAX vs. SSSYX
Compare and contrast key facts about Gabelli Asset Fund (GABAX) and State Street Equity 500 Index Fund Class K (SSSYX).
GABAX is managed by Gabelli. It was launched on Mar 3, 1986. SSSYX is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Sep 17, 2014.
Performance
GABAX vs. SSSYX - Performance Comparison
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GABAX vs. SSSYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GABAX Gabelli Asset Fund | -1.23% | 16.65% | 8.07% | 10.32% | -10.74% | 18.96% | 11.22% | 22.44% | -7.61% | 20.17% |
SSSYX State Street Equity 500 Index Fund Class K | -7.05% | 17.81% | 24.99% | 26.27% | -18.16% | 28.51% | 18.31% | 31.38% | -4.38% | 21.61% |
Returns By Period
In the year-to-date period, GABAX achieves a -1.23% return, which is significantly higher than SSSYX's -7.05% return. Over the past 10 years, GABAX has underperformed SSSYX with an annualized return of 9.09%, while SSSYX has yielded a comparatively higher 13.69% annualized return.
GABAX
- 1D
- -0.32%
- 1M
- -9.83%
- YTD
- -1.23%
- 6M
- 1.74%
- 1Y
- 13.79%
- 3Y*
- 9.59%
- 5Y*
- 6.20%
- 10Y*
- 9.09%
SSSYX
- 1D
- -0.39%
- 1M
- -7.67%
- YTD
- -7.05%
- 6M
- -4.60%
- 1Y
- 14.40%
- 3Y*
- 17.15%
- 5Y*
- 11.37%
- 10Y*
- 13.69%
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GABAX vs. SSSYX - Expense Ratio Comparison
GABAX has a 1.33% expense ratio, which is higher than SSSYX's 0.02% expense ratio.
Return for Risk
GABAX vs. SSSYX — Risk / Return Rank
GABAX
SSSYX
GABAX vs. SSSYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Asset Fund (GABAX) and State Street Equity 500 Index Fund Class K (SSSYX). 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 | SSSYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.84 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.38 | 1.30 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.06 | +0.03 |
Martin ratioReturn relative to average drawdown | 4.43 | 5.13 | -0.70 |
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 | SSSYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.84 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.68 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.11 | +0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.11 | +0.57 |
Correlation
The correlation between GABAX and SSSYX is 0.86, 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. SSSYX - Dividend Comparison
GABAX's dividend yield for the trailing twelve months is around 12.44%, more than SSSYX's 1.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABAX Gabelli Asset Fund | 12.44% | 12.29% | 15.41% | 8.04% | 10.06% | 9.78% | 13.12% | 10.04% | 10.01% | 8.69% | 13.23% | 13.98% |
SSSYX State Street Equity 500 Index Fund Class K | 1.55% | 1.44% | 1.63% | 1.78% | 2.16% | 2.76% | 1.86% | 4.44% | 5.18% | 5.94% | 2.07% | 1.84% |
Drawdowns
GABAX vs. SSSYX - Drawdown Comparison
The maximum GABAX drawdown since its inception was -55.44%, smaller than the maximum SSSYX drawdown of -91.48%. Use the drawdown chart below to compare losses from any high point for GABAX and SSSYX.
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Drawdown Indicators
| GABAX | SSSYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.44% | -91.48% | +36.04% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -12.10% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -24.49% | +2.59% |
Max Drawdown (10Y)Largest decline over 10 years | -36.65% | -91.48% | +54.83% |
Current DrawdownCurrent decline from peak | -10.04% | -8.88% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -4.20% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.49% | +0.31% |
Volatility
GABAX vs. SSSYX - Volatility Comparison
Gabelli Asset Fund (GABAX) has a higher volatility of 4.54% compared to State Street Equity 500 Index Fund Class K (SSSYX) at 4.24%. This indicates that GABAX's price experiences larger fluctuations and is considered to be riskier than SSSYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GABAX | SSSYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 4.24% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 8.90% | 9.08% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.47% | 18.10% | -2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 16.85% | -2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.44% | 124.43% | -107.99% |