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.
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
Key characteristics
GABGX:
0.91
^GSPC:
1.62
GABGX:
1.27
^GSPC:
2.20
GABGX:
1.18
^GSPC:
1.30
GABGX:
1.32
^GSPC:
2.46
GABGX:
4.08
^GSPC:
10.01
GABGX:
4.57%
^GSPC:
2.08%
GABGX:
20.55%
^GSPC:
12.88%
GABGX:
-69.52%
^GSPC:
-56.78%
GABGX:
-7.82%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, GABGX achieves a 2.05% return, which is significantly lower than ^GSPC's 2.24% return. Over the past 10 years, GABGX has underperformed ^GSPC with an annualized return of 8.28%, while ^GSPC has yielded a comparatively higher 11.04% annualized return.
GABGX
2.05%
-3.49%
3.72%
15.32%
9.73%
8.28%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
GABGX vs. ^GSPC — Risk-Adjusted Performance Rank
GABGX
^GSPC
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 5.93% compared to S&P 500 (^GSPC) at 3.43%. 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.