PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
GABCX vs. GDL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GABCX vs. GDL

Last updated Jun 23, 2026

GABCX (Gabelli ABC Fund) and GDL (The GDL Fund) are both Event Driven funds from Gabelli. Over the past 10 years, GABCX returned 3.34%/yr vs 3.99%/yr for GDL. At a 0.38 correlation, their price movements are largely independent. GABCX charges 0.79%/yr vs 0.03%/yr for GDL.

Performance

GABCX vs. GDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli ABC Fund (GABCX) and The GDL Fund (GDL). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, GABCX achieves a 3.68% return, which is significantly higher than GDL's 2.66% return. Over the past 10 years, GABCX has underperformed GDL with an annualized return of 3.34%, while GDL has yielded a comparatively higher 3.99% annualized return.

GABCX

1D
0.09%
1M
-0.35%
YTD
3.68%
6M
3.67%
1Y
7.84%
3Y*
5.45%
5Y*
3.70%
10Y*
3.34%

GDL

1D
0.48%
1M
1.32%
YTD
2.66%
6M
2.90%
1Y
7.37%
3Y*
9.07%
5Y*
4.57%
10Y*
3.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GABCX vs. GDL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GABCX
Gabelli ABC Fund		3.68%5.86%2.97%6.84%-2.02%4.37%2.90%4.80%0.20%2.20%
GDL
The GDL Fund		2.66%11.83%5.94%9.02%-6.88%8.04%-0.99%5.87%-1.60%4.74%

Correlation

The correlation between GABCX and GDL is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.26

Correlation (10Y)
Calculated over the trailing 10-year period

0.25

Correlation (All Time)
Calculated using the full available price history since Apr 23, 2007

0.38

Over the past year, the correlation between GABCX and GDL has dropped to 0.13 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Gabelli ABC Fund

The GDL Fund

Often compared with GABCX:
GABCX vs. VIGGABCX vs. MERIXGABCX vs. EVDAXGABCX vs. ARBFXGABCX vs. HMEZXGABCX vs. WCFRXGABCX vs. MERFX
Often compared with GDL:
GDL vs. GDXGDL vs. MERFXGDL vs. ARBFXGDL vs. GABTXGDL vs. BILPXGDL vs. IAUGDL vs. EVDIX

Return for Risk

GABCX vs. GDL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GABCX
GABCX Risk / Return Rank: 4444
Overall Rank
GABCX Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
GABCX Sortino Ratio Rank: 3939
Sortino Ratio Rank
GABCX Omega Ratio Rank: 3434
Omega Ratio Rank
GABCX Calmar Ratio Rank: 6666
Calmar Ratio Rank
GABCX Martin Ratio Rank: 4646
Martin Ratio Rank
GDL
GDL Risk / Return Rank: 2323
Overall Rank
GDL Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
GDL Sortino Ratio Rank: 1414
Sortino Ratio Rank
GDL Omega Ratio Rank: 1313
Omega Ratio Rank
GDL Calmar Ratio Rank: 4040
Calmar Ratio Rank
GDL Martin Ratio Rank: 3434
Martin Ratio Rank
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.

GABCX vs. GDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli ABC Fund (GABCX) and The GDL Fund (GDL). 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.

GABCXGDLDifference
Sharpe ratioReturn per unit of total volatility
1.61
1.04

+0.57

Sortino ratioReturn per unit of downside risk
2.41
1.47

+0.93

Omega ratioGain probability vs. loss probability

1.29

1.18

+0.11

Calmar ratioReturn relative to maximum drawdown

2.99

2.31

+0.68

Martin ratioReturn relative to average drawdown

9.16

7.21

+1.95

GABCX vs. GDL - Sharpe Ratio Comparison

The current GABCX Sharpe Ratio is 1.61, which is higher than the GDL Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of GABCX and GDL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

GABCX vs. GDL - Drawdown Comparison

The maximum GABCX drawdown since its inception was -10.80%, smaller than the maximum GDL drawdown of -38.74%. Use the drawdown chart below to compare losses from any high point for GABCX and GDL.

Loading charts...

Drawdown Indicators

GABCXGDLDifference

Max Drawdown

Largest peak-to-trough decline

-10.80%

-38.74%

+27.94%

Max Drawdown (1Y)

Largest decline over 1 year

-2.67%

-3.21%

+0.54%

Max Drawdown (3Y)

Largest decline over 3 years

-8.67%

-6.00%

-2.67%

Max Drawdown (5Y)

Largest decline over 5 years

-8.67%

-9.48%

+0.81%

Max Drawdown (10Y)

Largest decline over 10 years

-10.80%

-38.74%

+27.94%

Current Drawdown

Current decline from peak

-0.88%

0.00%

-0.88%

Average Drawdown

Average peak-to-trough decline

-0.94%

-4.91%

+3.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.87%

1.02%

-0.15%

Volatility

GABCX vs. GDL - Volatility Comparison

Gabelli ABC Fund (GABCX) has a higher volatility of 1.71% compared to The GDL Fund (GDL) at 1.42%. This indicates that GABCX's price experiences larger fluctuations and is considered to be riskier than GDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

GABCXGDLDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.71%

1.42%

+0.29%

Volatility (6M)

Calculated over the trailing 6-month period

3.75%

4.98%

-1.23%

Volatility (1Y)

Calculated over the trailing 1-year period

4.97%

7.16%

-2.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.80%

8.63%

-3.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.31%

12.97%

-8.66%

GABCX vs. GDL - Expense Ratio Comparison

GABCX has a 0.79% expense ratio, which is higher than GDL's 0.03% expense ratio.

Dividends

GABCX vs. GDL - Dividend Comparison

GABCX's dividend yield for the trailing twelve months is around 4.45%, less than GDL's 5.68% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
GDL
The GDL Fund		5.68%5.67%5.99%5.97%6.12%5.38%5.28%4.30%4.36%5.96%6.50%6.39%

Frequently Asked Questions

GABCX and GDL have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GABCX has higher volatility (1.71%) compared to GDL (1.42%). In terms of maximum drawdown, GABCX dropped -10.80% vs GDL's -38.74%.

GABCX currently has the higher Sharpe Ratio (1.61 vs 1.04), 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.

Portfolio Optimizer

Find the right allocation for GABCX and GDL

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer