GABAX vs. SVOL
Compare and contrast key facts about Gabelli Asset Fund (GABAX) and Simplify Volatility Premium ETF (SVOL).
GABAX is managed by Gabelli. It was launched on Mar 3, 1986. SVOL is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 12, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GABAX or SVOL.
Key characteristics
| GABAX | SVOL | |
|---|---|---|
| YTD Return | 8.10% | 8.54% |
| 1Y Return | 13.77% | 12.94% |
| 3Y Return (Ann) | 3.50% | 10.24% |
| Sharpe Ratio | 1.07 | 1.07 |
| Daily Std Dev | 12.42% | 11.90% |
| Max Drawdown | -55.44% | -15.68% |
| Current Drawdown | -1.04% | -1.11% |
Correlation
The correlation between GABAX and SVOL is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GABAX vs. SVOL - Performance Comparison
In the year-to-date period, GABAX achieves a 8.10% return, which is significantly lower than SVOL's 8.54% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GABAX vs. SVOL - Expense Ratio Comparison
GABAX has a 1.33% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Risk-Adjusted Performance
GABAX vs. SVOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Asset Fund (GABAX) and Simplify Volatility Premium ETF (SVOL). 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. SVOL - Dividend Comparison
GABAX's dividend yield for the trailing twelve months is around 7.44%, less than SVOL's 16.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABAX Gabelli Asset Fund | 7.44% | 8.04% | 10.06% | 9.78% | 13.12% | 10.04% | 10.01% | 8.69% | 13.23% | 13.98% | 4.82% | 4.89% |
SVOL Simplify Volatility Premium ETF | 16.23% | 16.36% | 18.21% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GABAX vs. SVOL - Drawdown Comparison
The maximum GABAX drawdown since its inception was -55.44%, which is greater than SVOL's maximum drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for GABAX and SVOL. For additional features, visit the drawdowns tool.
Volatility
GABAX vs. SVOL - Volatility Comparison
The current volatility for Gabelli Asset Fund (GABAX) is 3.42%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 3.66%. This indicates that GABAX experiences smaller price fluctuations and is considered to be less risky than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.