GABSX vs. RFV

Last updated Aug 1, 2026

GABSX (Gabelli Small Cap Growth Fund) and RFV (Invesco S&P MidCap 400® Pure Value ETF) are both funds - GABSX is a Small Cap Blend Equities fund managed by Gabelli, while RFV is a Small Cap Value Equities fund tracking the S&P Mid Cap 400 Pure Value. Over the past 10 years, GABSX returned 10.52%/yr vs 12.60%/yr for RFV. Their correlation of 0.87 means they have usually moved in the same direction. GABSX charges 1.38%/yr vs 0.35%/yr for RFV.

Performance

GABSX vs. RFV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Small Cap Growth Fund (GABSX) and Invesco S&P MidCap 400® Pure Value ETF (RFV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GABSX achieves a 14.32% return, which is significantly lower than RFV's 17.92% return. Over the past 10 years, GABSX has underperformed RFV with an annualized return of 10.52%, while RFV has yielded a comparatively higher 12.60% annualized return.

GABSX

• 1D: 0.72%
• 1M: 0.27%
• 6M: 8.49%
• YTD: 14.32%
• 1Y: 22.80%
• 3Y*: 12.64%
• 5Y*: 9.12%
• 10Y*: 10.52%
• ALL TIME*: 11.27%

RFV

• 1D: -1.00%
• 1M: 4.85%
• 6M: 12.70%
• YTD: 17.92%
• 1Y: 27.20%
• 3Y*: 13.08%
• 5Y*: 12.15%
• 10Y*: 12.60%
• ALL TIME*: 9.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GABSX Gabelli Small Cap Growth Fund	$0.00	$0.00	$0.00
RFV Invesco S&P MidCap 400® Pure Value ETF	$925.25K	$998.96K	$749.36K

GABSX vs. RFV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GABSX Gabelli Small Cap Growth Fund	14.32%	8.65%	10.22%	21.45%	-12.63%	24.82%	13.63%	21.56%	-15.25%	19.05%
RFV Invesco S&P MidCap 400® Pure Value ETF	17.92%	7.66%	5.63%	30.26%	-3.99%	33.02%	9.61%	24.98%	-18.56%	14.74%

Correlation

The correlation between GABSX and RFV is 0.79, 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.	0.79
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since Mar 7, 2006	0.87

The correlation between GABSX and RFV shifts across timeframes, from 0.79 (1 year) to 0.90 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GABSX vs. RFV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GABSX

GABSX Risk / Return Rank: 47
GABSX Sharpe Ratio Rank: 46
GABSX Sortino Ratio Rank: 54
GABSX Omega Ratio Rank: 42
GABSX Calmar Ratio Rank: 51
GABSX Martin Ratio Rank: 43

RFV

RFV Risk / Return Rank: 58
RFV Sharpe Ratio Rank: 60
RFV Sortino Ratio Rank: 65
RFV Omega Ratio Rank: 58
RFV Calmar Ratio Rank: 54
RFV Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GABSX vs. RFV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Small Cap Growth Fund (GABSX) and Invesco S&P MidCap 400® Pure Value ETF (RFV). 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.

	GABSX	RFV	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.41	-0.14
Sortino ratio: Return per unit of downside risk	1.97	2.13	-0.16
Omega ratio: Gain probability vs. loss probability	1.22	1.25	-0.03
Calmar ratio: Return relative to maximum drawdown	1.85	1.91	-0.06
Martin ratio: Return relative to average drawdown	6.09	6.08	+0.01

GABSX vs. RFV - Sharpe Ratio Comparison

The current GABSX Sharpe Ratio is 1.27, which is comparable to the RFV Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of GABSX and RFV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GABSX vs. RFV - Drawdown Comparison

The maximum GABSX drawdown since its inception was -57.24%, smaller than the maximum RFV drawdown of -71.82%. Use the drawdown chart below to compare losses from any high point for GABSX and RFV.

Drawdown Indicators

	GABSX	RFV	Difference
Max Drawdown Largest peak-to-trough decline	-57.24%	-71.82%	+14.58%
Max Drawdown (1Y) Largest decline over 1 year	-11.45%	-12.51%	+1.06%
Max Drawdown (3Y) Largest decline over 3 years	-23.43%	-24.65%	+1.22%
Max Drawdown (5Y) Largest decline over 5 years	-25.19%	-24.65%	-0.54%
Max Drawdown (10Y) Largest decline over 10 years	-40.74%	-52.24%	+11.50%
Current Drawdown Current decline from peak	-2.10%	-1.00%	-1.10%
Average Drawdown Average peak-to-trough decline	-6.95%	-9.73%	+2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	3.94%	-0.46%

Volatility

GABSX vs. RFV - Volatility Comparison

Gabelli Small Cap Growth Fund (GABSX) has a higher volatility of 4.50% compared to Invesco S&P MidCap 400® Pure Value ETF (RFV) at 3.27%. This indicates that GABSX's price experiences larger fluctuations and is considered to be riskier than RFV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GABSX	RFV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	3.27%	+1.23%
Volatility (6M) Calculated over the trailing 6-month period	12.53%	11.18%	+1.35%
Volatility (1Y) Calculated over the trailing 1-year period	16.77%	17.10%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.08%	21.77%	-2.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.98%	24.83%	-4.85%

GABSX vs. RFV - Expense Ratio Comparison

GABSX has a 1.38% expense ratio, which is higher than RFV's 0.35% expense ratio.

Dividends

GABSX vs. RFV - Dividend Comparison

GABSX's dividend yield for the trailing twelve months is around 3.48%, more than RFV's 1.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABSX Gabelli Small Cap Growth Fund	3.48%	3.98%	6.61%	8.68%	9.53%	13.50%	22.21%	21.36%	4.70%	5.38%	3.87%	3.78%
RFV Invesco S&P MidCap 400® Pure Value ETF	1.62%	2.07%	1.31%	1.27%	2.05%	1.60%	1.52%	1.71%	1.39%	1.36%	0.88%	1.79%

Frequently Asked Questions

Can I hold both GABSX and RFV in my portfolio?

GABSX and RFV have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GABSX or RFV?

GABSX has higher volatility (4.50%) compared to RFV (3.27%). In terms of maximum drawdown, GABSX dropped -57.24% vs RFV's -71.82%.

Which has better risk-adjusted returns?

RFV currently has the higher Sharpe Ratio (1.41 vs 1.27), 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.