GABBX vs. HDV
GABBX (Gabelli Dividend Growth Fund) and HDV (iShares Core High Dividend ETF) are both funds - GABBX is a Large Cap Value Equities fund managed by Gabelli, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Over the past 10 years, GABBX returned 9.06%/yr vs 9.31%/yr for HDV. Their correlation of 0.81 suggests significant overlap in exposure. GABBX charges 2.00%/yr vs 0.08%/yr for HDV.
Performance
GABBX vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, GABBX achieves a 7.02% return, which is significantly lower than HDV's 12.57% return. Both investments have delivered pretty close results over the past 10 years, with GABBX having a 9.06% annualized return and HDV not far ahead at 9.31%.
GABBX
- 1D
- 0.00%
- 1M
- 0.11%
- YTD
- 7.02%
- 6M
- 5.66%
- 1Y
- 20.39%
- 3Y*
- 12.89%
- 5Y*
- 7.12%
- 10Y*
- 9.06%
HDV
- 1D
- 0.15%
- 1M
- -2.65%
- YTD
- 12.57%
- 6M
- 12.67%
- 1Y
- 19.54%
- 3Y*
- 14.97%
- 5Y*
- 10.90%
- 10Y*
- 9.31%
GABBX vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GABBX Gabelli Dividend Growth Fund | 7.02% | 17.41% | 10.13% | 7.61% | -9.62% | 20.18% | 5.09% | 26.43% | -10.90% | 12.10% |
HDV iShares Core High Dividend ETF | 12.57% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
Correlation
The correlation between GABBX and HDV is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.81 |
Over the past year, the correlation between GABBX and HDV has dropped to 0.51 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
GABBX vs. HDV — Risk / Return Rank
GABBX
HDV
GABBX vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Dividend Growth Fund (GABBX) and iShares Core High Dividend ETF (HDV). 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 | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.34 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 3.79 | -0.81 |
| Martin ratioReturn relative to average drawdown | 10.19 | 10.39 | -0.20 |
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Drawdowns
GABBX vs. HDV - Drawdown Comparison
The maximum GABBX drawdown since its inception was -60.85%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for GABBX and HDV.
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Drawdown Indicators
| GABBX | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.85% | -37.04% | -23.81% |
Max Drawdown (1Y)Largest decline over 1 year | -7.35% | -5.18% | -2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -15.01% | -10.49% | -4.52% |
Max Drawdown (5Y)Largest decline over 5 years | -21.42% | -15.42% | -6.00% |
Max Drawdown (10Y)Largest decline over 10 years | -38.64% | -37.04% | -1.60% |
Current DrawdownCurrent decline from peak | -1.51% | -2.65% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -11.12% | -3.08% | -8.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 1.89% | +0.25% |
Volatility
GABBX vs. HDV - Volatility Comparison
Gabelli Dividend Growth Fund (GABBX) and iShares Core High Dividend ETF (HDV) have volatilities of 3.41% and 3.37%, 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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Volatility by Period
| GABBX | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 3.37% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 7.52% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 9.87% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 12.80% | +1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 15.74% | +1.61% |
GABBX vs. HDV - Expense Ratio Comparison
GABBX has a 2.00% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
GABBX vs. HDV - Dividend Comparison
GABBX's dividend yield for the trailing twelve months is around 11.79%, more than HDV's 2.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABBX Gabelli Dividend Growth Fund | 11.79% | 12.62% | 12.57% | 1.43% | 1.71% | 11.25% | 2.90% | 4.42% | 11.77% | 16.73% | 5.97% | 3.35% |
HDV iShares Core High Dividend ETF | 2.94% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Frequently Asked Questions
GABBX and HDV have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GABBX has higher volatility (3.41%) compared to HDV (3.37%). In terms of maximum drawdown, GABBX dropped -60.85% vs HDV's -37.04%.
HDV currently has the higher Sharpe Ratio (1.99 vs 1.84), 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.
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