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:
0.34
^GSPC:
0.52
GABGX:
0.63
^GSPC:
0.86
GABGX:
1.09
^GSPC:
1.13
GABGX:
0.35
^GSPC:
0.54
GABGX:
1.05
^GSPC:
2.16
GABGX:
8.41%
^GSPC:
4.70%
GABGX:
26.16%
^GSPC:
19.42%
GABGX:
-69.52%
^GSPC:
-56.78%
GABGX:
-15.23%
^GSPC:
-9.49%
Returns By Period
In the year-to-date period, GABGX achieves a -6.15% return, which is significantly lower than ^GSPC's -5.45% return. Over the past 10 years, GABGX has underperformed ^GSPC with an annualized return of 7.44%, while ^GSPC has yielded a comparatively higher 10.21% annualized return.
GABGX
-6.15%
2.60%
-9.46%
6.64%
9.32%
7.44%
^GSPC
-5.45%
-0.36%
-4.66%
8.69%
13.87%
10.21%
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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 15.70% compared to S&P 500 (^GSPC) at 14.11%. 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.