GABEX vs. SSSYX
Compare and contrast key facts about Gabelli Equity Income Fund (GABEX) and State Street Equity 500 Index Fund Class K (SSSYX).
GABEX is managed by Gabelli. It was launched on Jan 2, 1992. SSSYX is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Sep 17, 2014.
Performance
GABEX vs. SSSYX - Performance Comparison
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GABEX vs. SSSYX - 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% |
SSSYX State Street Equity 500 Index Fund Class K | -7.05% | 17.81% | 24.99% | 26.27% | -18.16% | 28.51% | 18.31% | 31.38% | -4.38% | 21.61% |
Returns By Period
In the year-to-date period, GABEX achieves a -1.84% return, which is significantly higher than SSSYX's -7.05% return. Over the past 10 years, GABEX has underperformed SSSYX with an annualized return of 11.16%, while SSSYX has yielded a comparatively higher 13.69% 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%
SSSYX
- 1D
- -0.39%
- 1M
- -7.67%
- YTD
- -7.05%
- 6M
- -4.60%
- 1Y
- 14.40%
- 3Y*
- 17.15%
- 5Y*
- 11.37%
- 10Y*
- 13.69%
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GABEX vs. SSSYX - Expense Ratio Comparison
GABEX has a 1.42% expense ratio, which is higher than SSSYX's 0.02% expense ratio.
Return for Risk
GABEX vs. SSSYX — Risk / Return Rank
GABEX
SSSYX
GABEX vs. SSSYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Equity Income Fund (GABEX) and State Street Equity 500 Index Fund Class K (SSSYX). 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 | SSSYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.04 | 0.84 | -0.80 |
Sortino ratioReturn per unit of downside risk | 0.17 | 1.30 | -1.13 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.20 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | -0.06 | 1.06 | -1.12 |
Martin ratioReturn relative to average drawdown | -0.13 | 5.13 | -5.26 |
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 | SSSYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | 0.84 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.68 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.11 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.11 | +0.48 |
Correlation
The correlation between GABEX and SSSYX is 0.84, 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. SSSYX - Dividend Comparison
GABEX's dividend yield for the trailing twelve months is around 20.00%, more than SSSYX's 1.55% 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% |
SSSYX State Street Equity 500 Index Fund Class K | 1.55% | 1.44% | 1.63% | 1.78% | 2.16% | 2.76% | 1.86% | 4.44% | 5.18% | 5.94% | 2.07% | 1.84% |
Drawdowns
GABEX vs. SSSYX - Drawdown Comparison
The maximum GABEX drawdown since its inception was -52.25%, smaller than the maximum SSSYX drawdown of -91.48%. Use the drawdown chart below to compare losses from any high point for GABEX and SSSYX.
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Drawdown Indicators
| GABEX | SSSYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.25% | -91.48% | +39.23% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -12.10% | -1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -17.59% | -24.49% | +6.90% |
Max Drawdown (10Y)Largest decline over 10 years | -37.27% | -91.48% | +54.21% |
Current DrawdownCurrent decline from peak | -11.17% | -8.88% | -2.29% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -4.20% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 2.49% | +3.63% |
Volatility
GABEX vs. SSSYX - Volatility Comparison
Gabelli Equity Income Fund (GABEX) has a higher volatility of 4.86% compared to State Street Equity 500 Index Fund Class K (SSSYX) at 4.24%. This indicates that GABEX's price experiences larger fluctuations and is considered to be riskier than SSSYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GABEX | SSSYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 4.24% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 9.08% | +4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.01% | 18.10% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 16.85% | -1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.31% | 124.43% | -103.12% |