GABBX vs. NANC

Last updated Aug 1, 2026

GABBX (Gabelli Dividend Growth Fund) and NANC (Unusual Whales Subversive Democratic Trading ETF) are both funds - GABBX is a Large Cap Value Equities fund managed by Gabelli, while NANC is a Large Cap Blend Equities fund actively managed by Tidal. Over the past 3 years, GABBX returned 12.56%/yr vs 20.55%/yr for NANC. Their 0.67 correlation means they have sometimes moved together and sometimes differently. GABBX charges 2.00%/yr vs 0.72%/yr for NANC.

Performance

GABBX vs. NANC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Dividend Growth Fund (GABBX) and Unusual Whales Subversive Democratic Trading ETF (NANC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GABBX achieves a 10.19% return, which is significantly higher than NANC's 9.12% return.

GABBX

• 1D: 0.52%
• 1M: 0.83%
• 6M: 6.16%
• YTD: 10.19%
• 1Y: 21.75%
• 3Y*: 12.56%
• 5Y*: 7.15%
• 10Y*: 8.95%
• ALL TIME*: 6.67%

NANC

• 1D: 1.18%
• 1M: -0.64%
• 6M: 8.71%
• YTD: 9.12%
• 1Y: 19.87%
• 3Y*: 20.55%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GABBX Gabelli Dividend Growth Fund	$0.00	$0.00	$0.00
NANC Unusual Whales Subversive Democratic Trading ETF	$826.89K	$806.25K	$1.03M

GABBX vs. NANC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GABBX Gabelli Dividend Growth Fund	10.19%	17.41%	10.13%	1.97%
NANC Unusual Whales Subversive Democratic Trading ETF	9.12%	18.54%	26.83%	22.81%

Correlation

The correlation between GABBX and NANC is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.59
Correlation (3Y) Balances recent behavior with more history.	0.65
Correlation (All Time) Calculated using the full available price history since Feb 7, 2023	0.67

The correlation between GABBX and NANC has been stable across timeframes, ranging from 0.59 to 0.67 - a consistent structural relationship.

Return for Risk

GABBX vs. NANC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GABBX

GABBX Risk / Return Rank: 70
GABBX Sharpe Ratio Rank: 66
GABBX Sortino Ratio Rank: 67
GABBX Omega Ratio Rank: 63
GABBX Calmar Ratio Rank: 76
GABBX Martin Ratio Rank: 77

NANC

NANC Risk / Return Rank: 47
NANC Sharpe Ratio Rank: 49
NANC Sortino Ratio Rank: 48
NANC Omega Ratio Rank: 46
NANC Calmar Ratio Rank: 41
NANC Martin Ratio Rank: 50

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GABBX vs. NANC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Dividend Growth Fund (GABBX) and Unusual Whales Subversive Democratic Trading ETF (NANC). 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	NANC	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.20	+0.36
Sortino ratio: Return per unit of downside risk	2.29	1.72	+0.58
Omega ratio: Gain probability vs. loss probability	1.28	1.21	+0.07
Calmar ratio: Return relative to maximum drawdown	2.49	1.47	+1.02
Martin ratio: Return relative to average drawdown	9.33	5.80	+3.54

GABBX vs. NANC - Sharpe Ratio Comparison

The current GABBX Sharpe Ratio is 1.56, which is comparable to the NANC Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of GABBX and NANC, 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. NANC - Drawdown Comparison

The maximum GABBX drawdown since its inception was -60.85%, which is greater than NANC's maximum drawdown of -20.94%. Use the drawdown chart below to compare losses from any high point for GABBX and NANC.

Drawdown Indicators

	GABBX	NANC	Difference
Max Drawdown Largest peak-to-trough decline	-60.85%	-20.94%	-39.91%
Max Drawdown (1Y) Largest decline over 1 year	-7.35%	-12.21%	+4.86%
Max Drawdown (3Y) Largest decline over 3 years	-15.01%	-20.94%	+5.93%
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	-0.15%	-1.72%	+1.57%
Average Drawdown Average peak-to-trough decline	-11.08%	-2.64%	-8.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	3.09%	-1.10%

Volatility

GABBX vs. NANC - Volatility Comparison

The current volatility for Gabelli Dividend Growth Fund (GABBX) is 3.15%, while Unusual Whales Subversive Democratic Trading ETF (NANC) has a volatility of 4.54%. This indicates that GABBX experiences smaller price fluctuations and is considered to be less risky than NANC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GABBX	NANC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	4.54%	-1.39%
Volatility (6M) Calculated over the trailing 6-month period	8.42%	11.90%	-3.48%
Volatility (1Y) Calculated over the trailing 1-year period	11.78%	14.96%	-3.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.55%	16.81%	-2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.25%	16.81%	+0.44%

GABBX vs. NANC - Expense Ratio Comparison

GABBX has a 2.00% expense ratio, which is higher than NANC's 0.72% expense ratio.

Dividends

GABBX vs. NANC - Dividend Comparison

GABBX's dividend yield for the trailing twelve months is around 11.45%, more than NANC's 0.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABBX Gabelli Dividend Growth Fund	11.45%	12.62%	12.57%	1.43%	1.71%	11.25%	2.90%	4.42%	11.77%	16.73%	5.97%	3.35%
NANC Unusual Whales Subversive Democratic Trading ETF	0.19%	0.21%	0.20%	0.94%	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 NANC in my portfolio?

GABBX and NANC have a correlation of 0.59, 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 NANC?

NANC has higher volatility (4.54%) compared to GABBX (3.15%). In terms of maximum drawdown, GABBX dropped -60.85% vs NANC's -20.94%.

Which has better risk-adjusted returns?

GABBX currently has the higher Sharpe Ratio (1.56 vs 1.20), 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.