GABEX vs. SPY
Compare and contrast key facts about Gabelli Equity Income Fund (GABEX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GABEX or SPY.
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.
Performance
GABEX vs. SPY - Performance Comparison
Key characteristics
GABEX:
1.04
SPY:
1.87
GABEX:
1.51
SPY:
2.52
GABEX:
1.19
SPY:
1.35
GABEX:
1.56
SPY:
2.81
GABEX:
4.35
SPY:
11.69
GABEX:
2.83%
SPY:
2.02%
GABEX:
11.83%
SPY:
12.65%
GABEX:
-52.25%
SPY:
-55.19%
GABEX:
-0.97%
SPY:
0.00%
Returns By Period
In the year-to-date period, GABEX achieves a 5.75% return, which is significantly higher than SPY's 4.58% return. Over the past 10 years, GABEX has underperformed SPY with an annualized return of 7.16%, while SPY has yielded a comparatively higher 13.23% annualized return.
GABEX
5.75%
1.75%
6.85%
12.16%
8.90%
7.16%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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GABEX vs. SPY - Expense Ratio Comparison
GABEX has a 1.42% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
GABEX vs. SPY — Risk-Adjusted Performance Rank
GABEX
SPY
GABEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Equity Income Fund (GABEX) and 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.
Dividends
GABEX vs. SPY - Dividend Comparison
GABEX's dividend yield for the trailing twelve months is around 31.76%, more than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABEX Gabelli Equity Income Fund | 31.76% | 33.06% | 23.48% | 20.49% | 19.96% | 32.82% | 36.56% | 32.39% | 17.83% | 17.61% | 7.78% | 5.07% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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. For additional features, visit the drawdowns tool.
Volatility
GABEX vs. SPY - Volatility Comparison
The current volatility for Gabelli Equity Income Fund (GABEX) is 2.49%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.89%. 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.