GABCX vs. VARBX
Compare and contrast key facts about Gabelli ABC Fund (GABCX) and Vivaldi Merger Arbitrage Fund Class I (VARBX).
GABCX is managed by Gabelli. It was launched on May 13, 1993. VARBX is managed by First Trust. It was launched on Oct 1, 2015.
Performance
GABCX vs. VARBX - Performance Comparison
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GABCX vs. VARBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GABCX Gabelli ABC Fund | 1.20% | 5.86% | 2.97% | 6.84% | -2.02% | 4.37% | 2.90% | 4.80% | 0.20% | 2.20% |
VARBX Vivaldi Merger Arbitrage Fund Class I | 0.76% | 6.06% | 12.64% | 3.30% | 2.38% | 5.42% | 4.00% | 4.28% | 4.11% | 2.39% |
Returns By Period
In the year-to-date period, GABCX achieves a 1.20% return, which is significantly higher than VARBX's 0.76% return. Over the past 10 years, GABCX has underperformed VARBX with an annualized return of 3.13%, while VARBX has yielded a comparatively higher 4.44% annualized return.
GABCX
- 1D
- -0.09%
- 1M
- -2.14%
- YTD
- 1.20%
- 6M
- 1.45%
- 1Y
- 6.72%
- 3Y*
- 5.01%
- 5Y*
- 3.35%
- 10Y*
- 3.13%
VARBX
- 1D
- 0.00%
- 1M
- 0.38%
- YTD
- 0.76%
- 6M
- 2.21%
- 1Y
- 5.36%
- 3Y*
- 7.33%
- 5Y*
- 5.43%
- 10Y*
- 4.44%
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GABCX vs. VARBX - Expense Ratio Comparison
GABCX has a 0.79% expense ratio, which is lower than VARBX's 1.81% expense ratio.
Return for Risk
GABCX vs. VARBX — Risk / Return Rank
GABCX
VARBX
GABCX vs. VARBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli ABC Fund (GABCX) and Vivaldi Merger Arbitrage Fund Class I (VARBX). 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 | VARBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 4.06 | -2.80 |
Sortino ratioReturn per unit of downside risk | 1.79 | 6.90 | -5.11 |
Omega ratioGain probability vs. loss probability | 1.24 | 2.36 | -1.12 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 8.40 | -6.62 |
Martin ratioReturn relative to average drawdown | 6.15 | 36.29 | -30.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GABCX | VARBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 4.06 | -2.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 1.65 | -0.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 1.33 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 1.40 | -0.52 |
Correlation
The correlation between GABCX and VARBX is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GABCX vs. VARBX - Dividend Comparison
GABCX's dividend yield for the trailing twelve months is around 4.56%, less than VARBX's 5.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABCX Gabelli ABC Fund | 4.56% | 4.61% | 0.00% | 3.35% | 1.38% | 4.55% | 0.44% | 2.95% | 3.69% | 0.13% | 2.37% | 2.63% |
VARBX Vivaldi Merger Arbitrage Fund Class I | 5.99% | 6.04% | 12.59% | 4.07% | 0.75% | 8.42% | 0.81% | 5.54% | 2.15% | 1.70% | 0.06% | 0.04% |
Drawdowns
GABCX vs. VARBX - Drawdown Comparison
The maximum GABCX drawdown since its inception was -10.80%, which is greater than VARBX's maximum drawdown of -5.12%. Use the drawdown chart below to compare losses from any high point for GABCX and VARBX.
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Drawdown Indicators
| GABCX | VARBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.80% | -5.12% | -5.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.60% | -0.64% | -2.96% |
Max Drawdown (5Y)Largest decline over 5 years | -8.67% | -1.79% | -6.88% |
Max Drawdown (10Y)Largest decline over 10 years | -10.80% | -5.12% | -5.68% |
Current DrawdownCurrent decline from peak | -2.14% | 0.00% | -2.14% |
Average DrawdownAverage peak-to-trough decline | -0.95% | -0.57% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.15% | +0.90% |
Volatility
GABCX vs. VARBX - Volatility Comparison
Gabelli ABC Fund (GABCX) has a higher volatility of 1.32% compared to Vivaldi Merger Arbitrage Fund Class I (VARBX) at 0.32%. This indicates that GABCX's price experiences larger fluctuations and is considered to be riskier than VARBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GABCX | VARBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 0.32% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 0.73% | +2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.47% | 1.35% | +4.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.68% | 3.31% | +1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.24% | 3.35% | +0.89% |