GABEX vs. SWEGX
GABEX (Gabelli Equity Income Fund) and SWEGX (Schwab MarketTrack All Equity Portfolio™) are both mutual funds - GABEX is a Dividend fund managed by Gabelli, while SWEGX is a Diversified Portfolio fund managed by Charles Schwab. Over the past 10 years, GABEX returned 12.06%/yr vs 12.33%/yr for SWEGX. Their correlation of 0.92 means they have usually moved in the same direction. GABEX charges 1.42%/yr vs 0.39%/yr for SWEGX.
Performance
GABEX vs. SWEGX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GABEX having a 11.95% return and SWEGX slightly higher at 12.01%. Both investments have delivered pretty close results over the past 10 years, with GABEX having a 12.06% annualized return and SWEGX not far ahead at 12.33%.
GABEX
- 1D
- -0.19%
- 1M
- 1.92%
- 6M
- 5.73%
- YTD
- 11.95%
- 1Y
- 8.27%
- 3Y*
- 8.12%
- 5Y*
- 5.99%
- 10Y*
- 12.06%
- ALL TIME*
- 10.57%
SWEGX
- 1D
- 0.03%
- 1M
- 0.48%
- 6M
- 7.78%
- YTD
- 12.01%
- 1Y
- 24.48%
- 3Y*
- 18.48%
- 5Y*
- 11.24%
- 10Y*
- 12.33%
- ALL TIME*
- 7.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GABEX vs. SWEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GABEX Gabelli Equity Income Fund | 11.95% | 4.33% | 6.62% | 8.25% | -5.22% | 23.28% | 7.54% | 75.11% | -11.37% | 15.16% |
SWEGX Schwab MarketTrack All Equity Portfolio™ | 12.01% | 20.82% | 13.86% | 25.13% | -16.24% | 22.68% | 11.13% | 25.55% | -9.53% | 19.84% |
Correlation
The correlation between GABEX and SWEGX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999 | 0.92 |
The correlation between GABEX and SWEGX shifts across timeframes, from 0.77 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GABEX vs. SWEGX — Risk / Return Rank
GABEX
SWEGX
GABEX vs. SWEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Equity Income Fund (GABEX) and Schwab MarketTrack All Equity Portfolio™ (SWEGX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GABEX | SWEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.33 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 2.60 | -2.05 |
| Martin ratioReturn relative to average drawdown | 1.18 | 11.03 | -9.85 |
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Drawdowns
GABEX vs. SWEGX - Drawdown Comparison
The maximum GABEX drawdown since its inception was -52.25%, smaller than the maximum SWEGX drawdown of -57.57%. Use the drawdown chart below to compare losses from any high point for GABEX and SWEGX.
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Drawdown Indicators
| GABEX | SWEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.25% | -57.57% | +5.32% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -8.93% | -4.18% |
Max Drawdown (3Y)Largest decline over 3 years | -14.75% | -16.19% | +1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -17.59% | -24.87% | +7.28% |
Max Drawdown (10Y)Largest decline over 10 years | -37.27% | -36.08% | -1.19% |
Current DrawdownCurrent decline from peak | -0.58% | -0.68% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -10.31% | +5.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.09% | 2.11% | +3.98% |
Volatility
GABEX vs. SWEGX - Volatility Comparison
The current volatility for Gabelli Equity Income Fund (GABEX) is 3.20%, while Schwab MarketTrack All Equity Portfolio™ (SWEGX) has a volatility of 3.37%. This indicates that GABEX experiences smaller price fluctuations and is considered to be less risky than SWEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GABEX | SWEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 3.37% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.26% | 10.27% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 12.70% | +2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 15.93% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.27% | 17.24% | +4.03% |
GABEX vs. SWEGX - Expense Ratio Comparison
GABEX has a 1.42% expense ratio, which is higher than SWEGX's 0.39% expense ratio.
Dividends
GABEX vs. SWEGX - Dividend Comparison
GABEX's dividend yield for the trailing twelve months is around 21.24%, more than SWEGX's 6.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABEX Gabelli Equity Income Fund | 21.24% | 20.83% | 33.06% | 23.48% | 20.49% | 19.96% | 32.82% | 65.43% | 31.87% | 17.83% | 16.63% | 7.78% |
SWEGX Schwab MarketTrack All Equity Portfolio™ | 6.53% | 7.32% | 7.58% | 6.29% | 4.93% | 3.90% | 6.78% | 6.54% | 4.85% | 3.49% | 4.54% | 11.29% |
Frequently Asked Questions
GABEX and SWEGX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWEGX has higher volatility (3.37%) compared to GABEX (3.20%). In terms of maximum drawdown, GABEX dropped -52.25% vs SWEGX's -57.57%.
SWEGX currently has the higher Sharpe Ratio (1.84 vs 0.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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