GABAX vs. XLP
Compare and contrast key facts about Gabelli Asset Fund (GABAX) and Consumer Staples Select Sector SPDR Fund (XLP).
GABAX is managed by Gabelli. It was launched on Mar 3, 1986. XLP is a passively managed fund by State Street that tracks the performance of the Consumer Staples Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GABAX or XLP.
Correlation
The correlation between GABAX and XLP is 0.64, 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. XLP - Performance Comparison
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Key characteristics
GABAX:
-0.34
XLP:
0.54
GABAX:
-0.33
XLP:
0.86
GABAX:
0.94
XLP:
1.11
GABAX:
-0.20
XLP:
0.88
GABAX:
-0.70
XLP:
2.34
GABAX:
11.06%
XLP:
3.16%
GABAX:
21.15%
XLP:
13.41%
GABAX:
-58.01%
XLP:
-35.89%
GABAX:
-29.87%
XLP:
-2.24%
Returns By Period
In the year-to-date period, GABAX achieves a 3.49% return, which is significantly lower than XLP's 3.97% return. Over the past 10 years, GABAX has underperformed XLP with an annualized return of -3.27%, while XLP has yielded a comparatively higher 7.97% annualized return.
GABAX
3.49%
6.76%
-13.67%
-7.14%
-2.83%
0.57%
-3.27%
XLP
3.97%
-1.14%
1.55%
7.19%
6.88%
10.05%
7.97%
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GABAX vs. XLP - Expense Ratio Comparison
GABAX has a 1.33% expense ratio, which is higher than XLP's 0.13% expense ratio.
Risk-Adjusted Performance
GABAX vs. XLP — Risk-Adjusted Performance Rank
GABAX
XLP
GABAX vs. XLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Asset Fund (GABAX) and Consumer Staples Select Sector SPDR Fund (XLP). 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.
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Dividends
GABAX vs. XLP - Dividend Comparison
GABAX's dividend yield for the trailing twelve months is around 0.38%, less than XLP's 2.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABAX Gabelli Asset Fund | 0.38% | 0.39% | 0.33% | 0.18% | 0.33% | 0.31% | 0.42% | 0.35% | 0.15% | 0.78% | 0.40% | 0.27% |
XLP Consumer Staples Select Sector SPDR Fund | 2.51% | 2.77% | 2.63% | 2.47% | 2.28% | 2.50% | 2.57% | 3.04% | 2.62% | 2.53% | 2.53% | 2.40% |
Drawdowns
GABAX vs. XLP - Drawdown Comparison
The maximum GABAX drawdown since its inception was -58.01%, which is greater than XLP's maximum drawdown of -35.89%. Use the drawdown chart below to compare losses from any high point for GABAX and XLP. For additional features, visit the drawdowns tool.
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Volatility
GABAX vs. XLP - Volatility Comparison
Gabelli Asset Fund (GABAX) and Consumer Staples Select Sector SPDR Fund (XLP) have volatilities of 3.59% and 3.69%, 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.
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