GABEX vs. SPY
Compare and contrast key facts about Gabelli Equity Income Fund (GABEX) and State Street SPDR S&P 500 ETF (SPY).
GABEX is managed by Gabelli. It was launched on Jan 2, 1992. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
GABEX vs. SPY - Performance Comparison
Loading graphics...
GABEX vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, GABEX achieves a -1.84% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, GABEX has underperformed SPY with an annualized return of 11.16%, while SPY has yielded a comparatively higher 13.98% 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%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GABEX vs. SPY - Expense Ratio Comparison
GABEX has a 1.42% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
GABEX vs. SPY — Risk / Return Rank
GABEX
SPY
GABEX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Equity Income Fund (GABEX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.04 | 0.93 | -0.89 |
Sortino ratioReturn per unit of downside risk | 0.17 | 1.45 | -1.29 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.22 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | -0.06 | 1.53 | -1.59 |
Martin ratioReturn relative to average drawdown | -0.13 | 7.30 | -7.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| GABEX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | 0.93 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.69 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.78 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.56 | +0.03 |
Correlation
The correlation between GABEX and SPY is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GABEX vs. SPY - Dividend Comparison
GABEX's dividend yield for the trailing twelve months is around 20.00%, more than SPY's 1.14% 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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
GABEX vs. SPY - Drawdown Comparison
The maximum GABEX drawdown since its inception was -52.25%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GABEX and SPY.
Loading graphics...
Drawdown Indicators
| GABEX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.25% | -55.19% | +2.94% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -12.05% | -1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -17.59% | -24.50% | +6.91% |
Max Drawdown (10Y)Largest decline over 10 years | -37.27% | -33.72% | -3.55% |
Current DrawdownCurrent decline from peak | -11.17% | -6.24% | -4.93% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -9.09% | +3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 2.52% | +3.60% |
Volatility
GABEX vs. SPY - Volatility Comparison
The current volatility for Gabelli Equity Income Fund (GABEX) is 4.86%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that GABEX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| GABEX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 5.31% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 9.47% | +3.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.01% | 19.05% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 17.06% | -1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.31% | 17.92% | +3.39% |