GABCX vs. GWSAX

Last updated Jun 5, 2026

GABCX (Gabelli ABC Fund) and GWSAX (Gabelli Focused Growth and Income Fund) are both mutual funds - GABCX is a Event Driven fund managed by Gabelli, while GWSAX is a Mid Cap Blend Equities fund managed by Gabelli. Over the past 10 years, GABCX returned 3.38%/yr vs 5.78%/yr for GWSAX. A 0.73 correlation means they provide meaningful diversification when combined. GABCX charges 0.79%/yr vs 1.25%/yr for GWSAX.

Performance

GABCX vs. GWSAX - Performance Comparison

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

Returns By Period

In the year-to-date period, GABCX achieves a 4.14% return, which is significantly lower than GWSAX's 7.17% return. Over the past 10 years, GABCX has underperformed GWSAX with an annualized return of 3.38%, while GWSAX has yielded a comparatively higher 5.78% annualized return.

GABCX

• 1D: -0.44%
• 1M: 0.35%
• YTD: 4.14%
• 6M: 4.13%
• 1Y: 8.62%
• 3Y*: 5.88%
• 5Y*: 3.71%
• 10Y*: 3.38%

GWSAX

• 1D: -1.32%
• 1M: -1.10%
• YTD: 7.17%
• 6M: 8.06%
• 1Y: 15.24%
• 3Y*: 10.69%
• 5Y*: 4.93%
• 10Y*: 5.78%

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

GABCX vs. GWSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GABCX Gabelli ABC Fund	4.14%	5.86%	2.97%	6.84%	-2.02%	4.37%	2.90%	4.80%	0.20%	2.20%
GWSAX Gabelli Focused Growth and Income Fund	7.17%	2.11%	13.19%	11.90%	-13.71%	27.12%	8.69%	26.78%	-25.30%	17.07%

Correlation

The correlation between GABCX and GWSAX is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jan 3, 2003	0.73

The correlation between GABCX and GWSAX has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.

Return for Risk

GABCX vs. GWSAX — Risk / Return Rank

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

GABCX

GABCX Risk / Return Rank: 51
GABCX Sharpe Ratio Rank: 42
GABCX Sortino Ratio Rank: 45
GABCX Omega Ratio Rank: 41
GABCX Calmar Ratio Rank: 75
GABCX Martin Ratio Rank: 51

GWSAX

GWSAX Risk / Return Rank: 29
GWSAX Sharpe Ratio Rank: 29
GWSAX Sortino Ratio Rank: 30
GWSAX Omega Ratio Rank: 26
GWSAX Calmar Ratio Rank: 38
GWSAX Martin Ratio Rank: 25

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. GWSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli ABC Fund (GABCX) and Gabelli Focused Growth and Income Fund (GWSAX). 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.

	GABCX	GWSAX	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.53	+0.30
Sortino ratio: Return per unit of downside risk	2.76	2.24	+0.51
Omega ratio: Gain probability vs. loss probability	1.33	1.26	+0.07
Calmar ratio: Return relative to maximum drawdown	3.32	2.27	+1.04
Martin ratio: Return relative to average drawdown	10.24	6.00	+4.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GABCX vs. GWSAX - Sharpe Ratio Comparison

The current GABCX Sharpe Ratio is 1.83, which is comparable to the GWSAX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of GABCX and GWSAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GABCX	GWSAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	1.53	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.32	+0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.29	+0.50
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.35	+0.55

Drawdowns

GABCX vs. GWSAX - Drawdown Comparison

The maximum GABCX drawdown since its inception was -10.80%, smaller than the maximum GWSAX drawdown of -55.75%. Use the drawdown chart below to compare losses from any high point for GABCX and GWSAX.

Drawdown Indicators

	GABCX	GWSAX	Difference
Max Drawdown Largest peak-to-trough decline	-10.80%	-55.75%	+44.95%
Max Drawdown (1Y) Largest decline over 1 year	-2.67%	-6.54%	+3.87%
Max Drawdown (3Y) Largest decline over 3 years	-8.67%	-15.58%	+6.91%
Max Drawdown (5Y) Largest decline over 5 years	-8.67%	-18.91%	+10.24%
Max Drawdown (10Y) Largest decline over 10 years	-10.80%	-50.67%	+39.87%
Current Drawdown Current decline from peak	-0.44%	-1.74%	+1.30%
Average Drawdown Average peak-to-trough decline	-0.94%	-9.26%	+8.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	2.48%	-1.62%

Volatility

GABCX vs. GWSAX - Volatility Comparison

The current volatility for Gabelli ABC Fund (GABCX) is 1.55%, while Gabelli Focused Growth and Income Fund (GWSAX) has a volatility of 2.39%. This indicates that GABCX experiences smaller price fluctuations and is considered to be less risky than GWSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GABCX	GWSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.55%	2.39%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	3.61%	6.52%	-2.91%
Volatility (1Y) Calculated over the trailing 1-year period	4.83%	9.75%	-4.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.76%	15.39%	-10.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.29%	19.96%	-15.67%

GABCX vs. GWSAX - Expense Ratio Comparison

GABCX has a 0.79% expense ratio, which is lower than GWSAX's 1.25% expense ratio.

Dividends

GABCX vs. GWSAX - Dividend Comparison

GABCX's dividend yield for the trailing twelve months is around 4.43%, less than GWSAX's 4.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABCX Gabelli ABC Fund	4.43%	4.61%	0.00%	3.35%	1.38%	4.55%	0.44%	2.95%	3.69%	0.13%	2.37%	2.63%
GWSAX Gabelli Focused Growth and Income Fund	4.91%	5.11%	4.39%	4.57%	5.00%	3.90%	0.00%	0.00%	0.09%	0.49%	1.16%	0.00%

Frequently Asked Questions

Can I hold both GABCX and GWSAX in my portfolio?

GABCX and GWSAX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GABCX or GWSAX?

GWSAX has higher volatility (2.39%) compared to GABCX (1.55%). In terms of maximum drawdown, GABCX dropped -10.80% vs GWSAX's -55.75%.

Which has better risk-adjusted returns?

GABCX currently has the higher Sharpe Ratio (1.83 vs 1.53), 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.