GABEX vs. EEIIX
Compare and contrast key facts about Gabelli Equity Income Fund (GABEX) and Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX).
GABEX is managed by Gabelli. It was launched on Jan 2, 1992. EEIIX is an actively managed fund by Eaton Vance. It was launched on Nov 27, 2009.
Performance
GABEX vs. EEIIX - Performance Comparison
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GABEX vs. EEIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GABEX Gabelli Equity Income Fund | -1.84% | 4.33% | 6.62% | 8.25% | -5.22% | 23.28% | 7.54% | 75.11% | -11.37% | 15.16% |
EEIIX Eaton Vance Emerging Markets Local Income Fund Class I | -1.77% | 26.00% | -0.97% | 13.95% | -11.53% | -7.57% | 5.00% | 23.01% | -8.11% | 16.45% |
Returns By Period
The year-to-date returns for both investments are quite close, with GABEX having a -1.84% return and EEIIX slightly higher at -1.77%. Over the past 10 years, GABEX has outperformed EEIIX with an annualized return of 11.16%, while EEIIX has yielded a comparatively lower 4.97% annualized return.
GABEX
- 1D
- -0.20%
- 1M
- -10.07%
- YTD
- -1.84%
- 6M
- 0.40%
- 1Y
- 0.54%
- 3Y*
- 4.95%
- 5Y*
- 4.76%
- 10Y*
- 11.16%
EEIIX
- 1D
- -0.67%
- 1M
- -7.13%
- YTD
- -1.77%
- 6M
- 3.94%
- 1Y
- 17.39%
- 3Y*
- 9.60%
- 5Y*
- 4.36%
- 10Y*
- 4.97%
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GABEX vs. EEIIX - Expense Ratio Comparison
GABEX has a 1.42% expense ratio, which is higher than EEIIX's 1.01% expense ratio.
Return for Risk
GABEX vs. EEIIX — Risk / Return Rank
GABEX
EEIIX
GABEX vs. EEIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Equity Income Fund (GABEX) and Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX). 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.
| GABEX | EEIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.04 | 2.67 | -2.63 |
Sortino ratioReturn per unit of downside risk | 0.17 | 3.64 | -3.47 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.55 | -0.53 |
Calmar ratioReturn relative to maximum drawdown | -0.06 | 2.42 | -2.48 |
Martin ratioReturn relative to average drawdown | -0.13 | 11.28 | -11.41 |
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
| GABEX | EEIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | 2.67 | -2.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.55 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.59 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.39 | +0.20 |
Correlation
The correlation between GABEX and EEIIX is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GABEX vs. EEIIX - Dividend Comparison
GABEX's dividend yield for the trailing twelve months is around 20.00%, more than EEIIX's 10.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABEX Gabelli Equity Income Fund | 20.00% | 20.83% | 33.06% | 23.48% | 20.49% | 19.96% | 32.82% | 65.43% | 31.87% | 17.83% | 16.63% | 7.78% |
EEIIX Eaton Vance Emerging Markets Local Income Fund Class I | 10.84% | 10.36% | 11.46% | 11.62% | 13.71% | 11.49% | 10.06% | 13.31% | 10.80% | 9.04% | 11.27% | 12.21% |
Drawdowns
GABEX vs. EEIIX - Drawdown Comparison
The maximum GABEX drawdown since its inception was -52.25%, which is greater than EEIIX's maximum drawdown of -31.11%. Use the drawdown chart below to compare losses from any high point for GABEX and EEIIX.
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Drawdown Indicators
| GABEX | EEIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.25% | -31.11% | -21.14% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -7.20% | -5.91% |
Max Drawdown (5Y)Largest decline over 5 years | -17.59% | -26.28% | +8.69% |
Max Drawdown (10Y)Largest decline over 10 years | -37.27% | -28.05% | -9.22% |
Current DrawdownCurrent decline from peak | -11.17% | -7.20% | -3.97% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -8.77% | +3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 1.54% | +4.58% |
Volatility
GABEX vs. EEIIX - Volatility Comparison
Gabelli Equity Income Fund (GABEX) has a higher volatility of 4.86% compared to Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX) at 3.56%. This indicates that GABEX's price experiences larger fluctuations and is considered to be riskier than EEIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GABEX | EEIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 3.56% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 5.11% | +8.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.01% | 6.68% | +11.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 7.95% | +7.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.31% | 8.38% | +12.93% |