GABEX vs. QQQ
Compare and contrast key facts about Gabelli Equity Income Fund (GABEX) and Invesco QQQ (QQQ).
GABEX is managed by Gabelli. It was launched on Jan 2, 1992. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GABEX or QQQ.
Correlation
The correlation between GABEX and QQQ is 0.69, 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.
Performance
GABEX vs. QQQ - Performance Comparison
Key characteristics
GABEX:
0.99
QQQ:
1.37
GABEX:
1.44
QQQ:
1.86
GABEX:
1.18
QQQ:
1.25
GABEX:
1.49
QQQ:
1.84
GABEX:
4.16
QQQ:
6.35
GABEX:
2.83%
QQQ:
3.92%
GABEX:
11.83%
QQQ:
18.24%
GABEX:
-52.25%
QQQ:
-82.98%
GABEX:
-0.66%
QQQ:
0.00%
Returns By Period
In the year-to-date period, GABEX achieves a 6.08% return, which is significantly higher than QQQ's 5.53% return. Over the past 10 years, GABEX has underperformed QQQ with an annualized return of 7.19%, while QQQ has yielded a comparatively higher 18.38% annualized return.
GABEX
6.08%
3.21%
6.89%
12.96%
8.97%
7.19%
QQQ
5.53%
3.41%
12.16%
27.01%
19.41%
18.38%
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GABEX vs. QQQ - Expense Ratio Comparison
GABEX has a 1.42% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
GABEX vs. QQQ — Risk-Adjusted Performance Rank
GABEX
QQQ
GABEX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Equity Income Fund (GABEX) and Invesco QQQ (QQQ). 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.
Dividends
GABEX vs. QQQ - Dividend Comparison
GABEX's dividend yield for the trailing twelve months is around 31.66%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABEX Gabelli Equity Income Fund | 31.66% | 33.06% | 23.48% | 20.49% | 19.96% | 32.82% | 36.56% | 32.39% | 17.83% | 17.61% | 7.78% | 5.07% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
GABEX vs. QQQ - Drawdown Comparison
The maximum GABEX drawdown since its inception was -52.25%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GABEX and QQQ. For additional features, visit the drawdowns tool.
Volatility
GABEX vs. QQQ - Volatility Comparison
The current volatility for Gabelli Equity Income Fund (GABEX) is 2.65%, while Invesco QQQ (QQQ) has a volatility of 4.69%. This indicates that GABEX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.