GABEX vs. VEIRX
GABEX (Gabelli Equity Income Fund) and VEIRX (Vanguard Equity Income Fund Admiral Shares) are both Dividend funds. Over the past 10 years, GABEX returned 12.01%/yr vs 11.82%/yr for VEIRX. Their correlation of 0.94 means they have usually moved in the same direction. GABEX charges 1.42%/yr vs 0.19%/yr for VEIRX.
Performance
GABEX vs. VEIRX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GABEX having a 12.17% return and VEIRX slightly lower at 11.87%. Both investments have delivered pretty close results over the past 10 years, with GABEX having a 12.01% annualized return and VEIRX not far behind at 11.82%.
GABEX
- 1D
- 1.17%
- 1M
- 2.12%
- 6M
- 6.72%
- YTD
- 12.17%
- 1Y
- 8.48%
- 3Y*
- 8.11%
- 5Y*
- 6.03%
- 10Y*
- 12.01%
- ALL TIME*
- 10.57%
VEIRX
- 1D
- 0.21%
- 1M
- 1.92%
- 6M
- 8.20%
- YTD
- 11.87%
- 1Y
- 23.32%
- 3Y*
- 15.56%
- 5Y*
- 11.73%
- 10Y*
- 11.82%
- ALL TIME*
- 9.07%
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. VEIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GABEX Gabelli Equity Income Fund | 12.17% | 4.33% | 6.62% | 8.25% | -5.22% | 23.28% | 7.54% | 75.11% | -11.37% | 15.16% |
VEIRX Vanguard Equity Income Fund Admiral Shares | 11.87% | 17.25% | 14.91% | 7.76% | -0.08% | 25.49% | 3.08% | 25.34% | -5.68% | 17.68% |
Correlation
The correlation between GABEX and VEIRX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Aug 13, 2001 | 0.94 |
The correlation between GABEX and VEIRX has been stable across timeframes, ranging from 0.84 to 0.94 - a consistent structural relationship.
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Return for Risk
GABEX vs. VEIRX — Risk / Return Rank
GABEX
VEIRX
GABEX vs. VEIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Equity Income Fund (GABEX) and Vanguard Equity Income Fund Admiral Shares (VEIRX). 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 | VEIRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.37 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 2.91 | -2.40 |
| Martin ratioReturn relative to average drawdown | 1.10 | 10.99 | -9.89 |
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Drawdowns
GABEX vs. VEIRX - Drawdown Comparison
The maximum GABEX drawdown since its inception was -52.25%, roughly equal to the maximum VEIRX drawdown of -54.02%. Use the drawdown chart below to compare losses from any high point for GABEX and VEIRX.
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Drawdown Indicators
| GABEX | VEIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.25% | -54.02% | +1.77% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -7.13% | -5.98% |
Max Drawdown (3Y)Largest decline over 3 years | -14.75% | -13.36% | -1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -17.59% | -15.12% | -2.47% |
Max Drawdown (10Y)Largest decline over 10 years | -37.27% | -35.26% | -2.01% |
Current DrawdownCurrent decline from peak | -0.38% | -0.85% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -6.46% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.09% | 1.90% | +4.19% |
Volatility
GABEX vs. VEIRX - Volatility Comparison
Gabelli Equity Income Fund (GABEX) has a higher volatility of 3.23% compared to Vanguard Equity Income Fund Admiral Shares (VEIRX) at 2.57%. This indicates that GABEX's price experiences larger fluctuations and is considered to be riskier than VEIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GABEX | VEIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 2.57% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.27% | 7.39% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 10.28% | +4.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.19% | 13.84% | +1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.27% | 16.25% | +5.02% |
GABEX vs. VEIRX - Expense Ratio Comparison
GABEX has a 1.42% expense ratio, which is higher than VEIRX's 0.19% expense ratio.
Dividends
GABEX vs. VEIRX - Dividend Comparison
GABEX's dividend yield for the trailing twelve months is around 21.19%, more than VEIRX's 9.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABEX Gabelli Equity Income Fund | 21.19% | 20.83% | 33.06% | 23.48% | 20.49% | 19.96% | 32.82% | 65.43% | 31.87% | 17.83% | 16.63% | 7.78% |
VEIRX Vanguard Equity Income Fund Admiral Shares | 9.92% | 11.03% | 9.83% | 7.96% | 8.79% | 7.71% | 2.86% | 4.45% | 10.98% | 3.04% | 3.87% | 6.48% |
Frequently Asked Questions
GABEX and VEIRX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GABEX has higher volatility (3.23%) compared to VEIRX (2.57%). In terms of maximum drawdown, GABEX dropped -52.25% vs VEIRX's -54.02%.
VEIRX currently has the higher Sharpe Ratio (2.02 vs 0.44), 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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