GABBX vs. GPIQ

Last updated Jun 24, 2026

GABBX (Gabelli Dividend Growth Fund) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both funds - GABBX is a Large Cap Value Equities fund managed by Gabelli, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. Over the past year, GABBX returned 19.19% vs 32.06% for GPIQ. A 0.56 correlation means they provide meaningful diversification when combined. GABBX charges 2.00%/yr vs 0.29%/yr for GPIQ.

Performance

GABBX vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Dividend Growth Fund (GABBX) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GABBX achieves a 6.68% return, which is significantly lower than GPIQ's 14.86% return.

GABBX

• 1D: -0.32%
• 1M: -0.21%
• YTD: 6.68%
• 6M: 5.38%
• 1Y: 19.19%
• 3Y*: 13.38%
• 5Y*: 6.83%
• 10Y*: 9.34%

GPIQ

• 1D: -2.96%
• 1M: -0.00%
• YTD: 14.86%
• 6M: 13.78%
• 1Y: 32.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GABBX vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GABBX Gabelli Dividend Growth Fund	6.68%	17.41%	10.13%	13.32%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	14.86%	19.77%	23.22%	15.17%

Correlation

The correlation between GABBX and GPIQ is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.56

The correlation between GABBX and GPIQ has been stable across timeframes, ranging from 0.53 to 0.56 - a consistent structural relationship.

Return for Risk

GABBX vs. GPIQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GABBX

GABBX Risk / Return Rank: 44
GABBX Sharpe Ratio Rank: 40
GABBX Sortino Ratio Rank: 42
GABBX Omega Ratio Rank: 38
GABBX Calmar Ratio Rank: 55
GABBX Martin Ratio Rank: 48

GPIQ

GPIQ Risk / Return Rank: 69
GPIQ Sharpe Ratio Rank: 68
GPIQ Sortino Ratio Rank: 62
GPIQ Omega Ratio Rank: 68
GPIQ Calmar Ratio Rank: 70
GPIQ Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GABBX vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Dividend Growth Fund (GABBX) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GABBX	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	1.70	2.12	-0.43
Sortino ratio: Return per unit of downside risk	2.49	2.79	-0.30
Omega ratio: Gain probability vs. loss probability	1.30	1.39	-0.09
Calmar ratio: Return relative to maximum drawdown	2.74	3.38	-0.65
Martin ratio: Return relative to average drawdown	9.35	14.28	-4.93

GABBX vs. GPIQ - Sharpe Ratio Comparison

The current GABBX Sharpe Ratio is 1.70, which is comparable to the GPIQ Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of GABBX and GPIQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GABBX vs. GPIQ - Drawdown Comparison

The maximum GABBX drawdown since its inception was -60.85%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for GABBX and GPIQ.

Drawdown Indicators

	GABBX	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-60.85%	-21.06%	-39.79%
Max Drawdown (1Y) Largest decline over 1 year	-7.35%	-9.51%	+2.16%
Max Drawdown (3Y) Largest decline over 3 years	-15.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.64%	—	—
Current Drawdown Current decline from peak	-1.82%	-3.21%	+1.39%
Average Drawdown Average peak-to-trough decline	-11.12%	-2.27%	-8.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	2.25%	-0.11%

Volatility

GABBX vs. GPIQ - Volatility Comparison

The current volatility for Gabelli Dividend Growth Fund (GABBX) is 3.31%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 7.78%. This indicates that GABBX experiences smaller price fluctuations and is considered to be less risky than GPIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GABBX	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	7.78%	-4.47%
Volatility (6M) Calculated over the trailing 6-month period	8.62%	12.52%	-3.90%
Volatility (1Y) Calculated over the trailing 1-year period	11.85%	15.17%	-3.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.56%	17.88%	-3.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	17.88%	-0.53%

GABBX vs. GPIQ - Expense Ratio Comparison

GABBX has a 2.00% expense ratio, which is higher than GPIQ's 0.29% expense ratio.

Dividends

GABBX vs. GPIQ - Dividend Comparison

GABBX's dividend yield for the trailing twelve months is around 11.83%, more than GPIQ's 9.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABBX Gabelli Dividend Growth Fund	11.83%	12.62%	12.57%	1.43%	1.71%	11.25%	2.90%	4.42%	11.77%	16.73%	5.97%	3.35%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.60%	9.81%	9.18%	1.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GABBX and GPIQ in my portfolio?

GABBX and GPIQ have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GABBX or GPIQ?

GPIQ has higher volatility (7.78%) compared to GABBX (3.31%). In terms of maximum drawdown, GABBX dropped -60.85% vs GPIQ's -21.06%.

Which has better risk-adjusted returns?

GPIQ currently has the higher Sharpe Ratio (2.12 vs 1.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.