GABCX vs. BALPX
GABCX (Gabelli ABC Fund) and BALPX (BlackRock Event Driven Equity Fund Investor Class A) are both Event Driven funds. Over the past 10 years, GABCX returned 3.30%/yr vs 5.80%/yr for BALPX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. GABCX charges 0.79%/yr vs 1.51%/yr for BALPX.
Performance
GABCX vs. BALPX - Performance Comparison
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Returns By Period
In the year-to-date period, GABCX achieves a 3.59% return, which is significantly higher than BALPX's 2.84% return. Over the past 10 years, GABCX has underperformed BALPX with an annualized return of 3.30%, while BALPX has yielded a comparatively higher 5.80% annualized return.
GABCX
- 1D
- -0.09%
- 1M
- -0.35%
- 6M
- 1.90%
- YTD
- 3.59%
- 1Y
- 6.10%
- 3Y*
- 4.59%
- 5Y*
- 3.64%
- 10Y*
- 3.30%
- ALL TIME*
- 4.68%
BALPX
- 1D
- 0.00%
- 1M
- -0.30%
- 6M
- 3.15%
- YTD
- 2.84%
- 1Y
- 5.07%
- 3Y*
- 6.48%
- 5Y*
- 4.12%
- 10Y*
- 5.80%
- ALL TIME*
- 5.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
GABCX Gabelli ABC Fund | $0.00 | $0.00 | $0.00 |
GABCX vs. BALPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GABCX Gabelli ABC Fund | 3.59% | 5.86% | 2.97% | 6.84% | -2.02% | 4.37% | 2.90% | 4.80% | 0.20% | 2.20% |
BALPX BlackRock Event Driven Equity Fund Investor Class A | 2.84% | 8.19% | 3.98% | 5.15% | -0.25% | 1.61% | 6.03% | 7.16% | 5.12% | 6.88% |
Correlation
The correlation between GABCX and BALPX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2007 | 0.66 |
The correlation between GABCX and BALPX shifts across timeframes, from 0.47 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GABCX vs. BALPX — Risk / Return Rank
GABCX
BALPX
GABCX vs. BALPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli ABC Fund (GABCX) and BlackRock Event Driven Equity Fund Investor Class A (BALPX). 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.
| GABCX | BALPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.34 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 3.37 | -1.08 |
| Martin ratioReturn relative to average drawdown | 6.70 | 12.85 | -6.15 |
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Drawdowns
GABCX vs. BALPX - Drawdown Comparison
The maximum GABCX drawdown since its inception was -10.80%, smaller than the maximum BALPX drawdown of -47.69%. Use the drawdown chart below to compare losses from any high point for GABCX and BALPX.
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Drawdown Indicators
| GABCX | BALPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.80% | -47.69% | +36.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -1.51% | -1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -8.67% | -3.30% | -5.37% |
Max Drawdown (5Y)Largest decline over 5 years | -8.67% | -4.30% | -4.37% |
Max Drawdown (10Y)Largest decline over 10 years | -10.80% | -11.54% | +0.74% |
Current DrawdownCurrent decline from peak | -0.97% | -0.40% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -0.94% | -5.59% | +4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.40% | +0.51% |
Volatility
GABCX vs. BALPX - Volatility Comparison
Gabelli ABC Fund (GABCX) has a higher volatility of 1.10% compared to BlackRock Event Driven Equity Fund Investor Class A (BALPX) at 0.73%. This indicates that GABCX's price experiences larger fluctuations and is considered to be riskier than BALPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GABCX | BALPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.73% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.71% | 2.16% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.87% | 2.88% | +1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.81% | 4.06% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.32% | 5.48% | -1.16% |
GABCX vs. BALPX - Expense Ratio Comparison
GABCX has a 0.79% expense ratio, which is lower than BALPX's 1.51% expense ratio.
Dividends
GABCX vs. BALPX - Dividend Comparison
GABCX's dividend yield for the trailing twelve months is around 4.45%, more than BALPX's 3.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BALPX BlackRock Event Driven Equity Fund Investor Class A | 3.33% | 4.18% | 3.88% | 1.93% | 2.55% | 2.57% | 3.01% | 3.35% | 1.84% | 5.02% | 9.00% | 77.25% |
GABCX Gabelli ABC Fund | 4.45% | 4.61% | 0.00% | 3.35% | 1.38% | 4.55% | 0.44% | 2.95% | 3.69% | 0.13% | 2.37% | 2.63% |
Frequently Asked Questions
GABCX and BALPX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GABCX has higher volatility (1.10%) compared to BALPX (0.73%). In terms of maximum drawdown, GABCX dropped -10.80% vs BALPX's -47.69%.
BALPX currently has the higher Sharpe Ratio (1.77 vs 1.26), 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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