GABTX vs. GGMMX

Last updated Jun 26, 2026

GABTX (Gabelli Global Content & Connectivity Fund) and GGMMX (Gabelli Global Mini MitesTM Fund) are both mutual funds - GABTX is a Communications Equities fund managed by Gabelli, while GGMMX is a Global Equities fund managed by Gabelli. Over the past 5 years, GABTX returned 6.00%/yr vs 7.22%/yr for GGMMX. A 0.63 correlation means they provide meaningful diversification when combined. GABTX charges 0.96%/yr vs 0.90%/yr for GGMMX.

Performance

GABTX vs. GGMMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Global Content & Connectivity Fund (GABTX) and Gabelli Global Mini MitesTM Fund (GGMMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GABTX achieves a 10.60% return, which is significantly lower than GGMMX's 18.82% return.

GABTX

• 1D: -0.50%
• 1M: -5.76%
• YTD: 10.60%
• 6M: 11.14%
• 1Y: 28.34%
• 3Y*: 21.73%
• 5Y*: 6.00%
• 10Y*: 7.38%

GGMMX

• 1D: 0.07%
• 1M: 2.02%
• YTD: 18.82%
• 6M: 18.05%
• 1Y: 33.79%
• 3Y*: 18.92%
• 5Y*: 7.22%
• 10Y*: —

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

GABTX vs. GGMMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GABTX Gabelli Global Content & Connectivity Fund	10.60%	27.50%	14.94%	22.81%	-28.59%	5.15%	16.44%	5.48%
GGMMX Gabelli Global Mini MitesTM Fund	18.82%	10.57%	1.65%	39.12%	-16.24%	19.30%	15.86%	3.52%

Correlation

The correlation between GABTX and GGMMX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since May 20, 2019	0.63

The correlation between GABTX and GGMMX shifts across timeframes, from 0.45 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GABTX vs. GGMMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GABTX

GABTX Risk / Return Rank: 58
GABTX Sharpe Ratio Rank: 60
GABTX Sortino Ratio Rank: 64
GABTX Omega Ratio Rank: 52
GABTX Calmar Ratio Rank: 76
GABTX Martin Ratio Rank: 38

GGMMX

GGMMX Risk / Return Rank: 84
GGMMX Sharpe Ratio Rank: 83
GGMMX Sortino Ratio Rank: 84
GGMMX Omega Ratio Rank: 73
GGMMX Calmar Ratio Rank: 91
GGMMX Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GABTX vs. GGMMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Global Content & Connectivity Fund (GABTX) and Gabelli Global Mini MitesTM Fund (GGMMX). 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.

	GABTX	GGMMX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	2.32	-0.44
Sortino ratio: Return per unit of downside risk	2.73	3.37	-0.64
Omega ratio: Gain probability vs. loss probability	1.33	1.39	-0.06
Calmar ratio: Return relative to maximum drawdown	2.99	4.08	-1.09
Martin ratio: Return relative to average drawdown	7.23	13.94	-6.70

GABTX vs. GGMMX - Sharpe Ratio Comparison

The current GABTX Sharpe Ratio is 1.88, which is comparable to the GGMMX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of GABTX and GGMMX, 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

GABTX vs. GGMMX - Drawdown Comparison

The maximum GABTX drawdown since its inception was -69.14%, which is greater than GGMMX's maximum drawdown of -40.23%. Use the drawdown chart below to compare losses from any high point for GABTX and GGMMX.

Drawdown Indicators

	GABTX	GGMMX	Difference
Max Drawdown Largest peak-to-trough decline	-69.14%	-40.23%	-28.91%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-8.11%	-1.00%
Max Drawdown (3Y) Largest decline over 3 years	-15.69%	-23.46%	+7.77%
Max Drawdown (5Y) Largest decline over 5 years	-39.83%	-30.80%	-9.03%
Max Drawdown (10Y) Largest decline over 10 years	-39.83%	—	—
Current Drawdown Current decline from peak	-7.60%	-1.02%	-6.58%
Average Drawdown Average peak-to-trough decline	-16.55%	-9.76%	-6.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	2.37%	+1.39%

Volatility

GABTX vs. GGMMX - Volatility Comparison

Gabelli Global Content & Connectivity Fund (GABTX) has a higher volatility of 5.74% compared to Gabelli Global Mini MitesTM Fund (GGMMX) at 4.92%. This indicates that GABTX's price experiences larger fluctuations and is considered to be riskier than GGMMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GABTX	GGMMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	4.92%	+0.82%
Volatility (6M) Calculated over the trailing 6-month period	11.43%	10.76%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	14.61%	14.27%	+0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.54%	17.85%	-1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.39%	20.03%	-3.64%

GABTX vs. GGMMX - Expense Ratio Comparison

GABTX has a 0.96% expense ratio, which is higher than GGMMX's 0.90% expense ratio.

Dividends

GABTX vs. GGMMX - Dividend Comparison

GABTX's dividend yield for the trailing twelve months is around 16.16%, more than GGMMX's 5.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABTX Gabelli Global Content & Connectivity Fund	16.16%	17.87%	0.00%	0.32%	2.28%	6.72%	3.08%	6.45%	6.03%	6.41%	7.02%	8.31%
GGMMX Gabelli Global Mini MitesTM Fund	5.70%	6.77%	0.00%	11.14%	6.22%	14.98%	0.54%	3.96%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GABTX and GGMMX in my portfolio?

GABTX and GGMMX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GABTX or GGMMX?

GABTX has higher volatility (5.74%) compared to GGMMX (4.92%). In terms of maximum drawdown, GABTX dropped -69.14% vs GGMMX's -40.23%.

Which has better risk-adjusted returns?

GGMMX currently has the higher Sharpe Ratio (2.32 vs 1.88), 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.