GABGX vs. ^GSPC
Compare and contrast key facts about Gabelli Growth Fund (GABGX) and S&P 500 (^GSPC).
GABGX is managed by Gabelli. It was launched on Apr 10, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GABGX or ^GSPC.
Key characteristics
| GABGX | ^GSPC | |
|---|---|---|
| YTD Return | 25.23% | 17.79% |
| 1Y Return | 37.74% | 26.42% |
| 3Y Return (Ann) | 5.10% | 8.24% |
| 5Y Return (Ann) | 15.49% | 13.48% |
| 10Y Return (Ann) | 14.05% | 10.85% |
| Sharpe Ratio | 2.01 | 2.06 |
| Daily Std Dev | 18.69% | 12.69% |
| Max Drawdown | -69.52% | -56.78% |
| Current Drawdown | -4.98% | -0.86% |
Correlation
The correlation between GABGX and ^GSPC is 0.91, 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
GABGX vs. ^GSPC - Performance Comparison
In the year-to-date period, GABGX achieves a 25.23% return, which is significantly higher than ^GSPC's 17.79% return. Over the past 10 years, GABGX has outperformed ^GSPC with an annualized return of 14.05%, while ^GSPC has yielded a comparatively lower 10.85% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GABGX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Growth Fund (GABGX) and S&P 500 (^GSPC). 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.
Drawdowns
GABGX vs. ^GSPC - Drawdown Comparison
The maximum GABGX drawdown since its inception was -69.52%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for GABGX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
GABGX vs. ^GSPC - Volatility Comparison
Gabelli Growth Fund (GABGX) has a higher volatility of 5.53% compared to S&P 500 (^GSPC) at 3.99%. This indicates that GABGX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.