GABUX vs. SCMIX

Last updated Aug 1, 2026

GABUX (Gabelli Utilities Fund) and SCMIX (Columbia Seligman Technology and Information Fund Institutional 2 Class) are both mutual funds - GABUX is a Utilities Equities fund managed by Gabelli, while SCMIX is a Technology Equities fund actively managed by Columbia. Over the past 10 years, GABUX returned 6.02%/yr vs 26.64%/yr for SCMIX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. GABUX charges 1.39%/yr vs 0.89%/yr for SCMIX.

Performance

GABUX vs. SCMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Utilities Fund (GABUX) and Columbia Seligman Technology and Information Fund Institutional 2 Class (SCMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GABUX achieves a 8.59% return, which is significantly lower than SCMIX's 45.86% return. Over the past 10 years, GABUX has underperformed SCMIX with an annualized return of 6.02%, while SCMIX has yielded a comparatively higher 26.64% annualized return.

GABUX

• 1D: -0.42%
• 1M: -1.46%
• 6M: 3.46%
• YTD: 8.59%
• 1Y: 12.80%
• 3Y*: 11.33%
• 5Y*: 6.42%
• 10Y*: 6.02%
• ALL TIME*: 6.00%

SCMIX

• 1D: 4.87%
• 1M: -3.55%
• 6M: 32.98%
• YTD: 45.86%
• 1Y: 85.10%
• 3Y*: 39.53%
• 5Y*: 23.75%
• 10Y*: 26.64%
• ALL TIME*: 15.79%

*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)
GABUX Gabelli Utilities Fund	$0.00	$0.00	$0.00
SCMIX Columbia Seligman Technology and Information Fund Institutional 2 Class	$0.00	$0.00	$0.00

GABUX vs. SCMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GABUX Gabelli Utilities Fund	8.59%	16.86%	14.38%	-6.59%	-5.40%	17.44%	-3.45%	18.37%	-2.83%	8.24%
SCMIX Columbia Seligman Technology and Information Fund Institutional 2 Class	45.86%	37.73%	27.06%	44.68%	-30.96%	39.37%	44.85%	54.60%	-7.81%	34.46%

Correlation

The correlation between GABUX and SCMIX is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.01
Correlation (3Y) Balances recent behavior with more history.	0.13
Correlation (5Y) Shows whether the relationship held over a longer period.	0.28
Correlation (10Y) Provides a long-term view across more market conditions.	0.33
Correlation (All Time) Calculated using the full available price history since Jan 2, 2002	0.51

Over the past year, the correlation between GABUX and SCMIX has dropped to 0.01 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

Return for Risk

GABUX vs. SCMIX — Risk / Return Rank

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

GABUX

GABUX Risk / Return Rank: 40
GABUX Sharpe Ratio Rank: 40
GABUX Sortino Ratio Rank: 39
GABUX Omega Ratio Rank: 37
GABUX Calmar Ratio Rank: 50
GABUX Martin Ratio Rank: 34

SCMIX

SCMIX Risk / Return Rank: 93
SCMIX Sharpe Ratio Rank: 96
SCMIX Sortino Ratio Rank: 88
SCMIX Omega Ratio Rank: 86
SCMIX Calmar Ratio Rank: 98
SCMIX Martin Ratio Rank: 98

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.

GABUX vs. SCMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Utilities Fund (GABUX) and Columbia Seligman Technology and Information Fund Institutional 2 Class (SCMIX). 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.

	GABUX	SCMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.19	2.76	-1.57
Sortino ratio: Return per unit of downside risk	1.70	3.20	-1.51
Omega ratio: Gain probability vs. loss probability	1.21	1.42	-0.22
Calmar ratio: Return relative to maximum drawdown	1.83	6.39	-4.55
Martin ratio: Return relative to average drawdown	4.92	21.01	-16.09

GABUX vs. SCMIX - Sharpe Ratio Comparison

The current GABUX Sharpe Ratio is 1.19, which is lower than the SCMIX Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of GABUX and SCMIX, 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

GABUX vs. SCMIX - Drawdown Comparison

The maximum GABUX drawdown since its inception was -48.88%, roughly equal to the maximum SCMIX drawdown of -50.85%. Use the drawdown chart below to compare losses from any high point for GABUX and SCMIX.

Drawdown Indicators

	GABUX	SCMIX	Difference
Max Drawdown Largest peak-to-trough decline	-48.88%	-50.85%	+1.97%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	-12.76%	+5.62%
Max Drawdown (3Y) Largest decline over 3 years	-12.96%	-29.08%	+16.12%
Max Drawdown (5Y) Largest decline over 5 years	-23.98%	-37.18%	+13.20%
Max Drawdown (10Y) Largest decline over 10 years	-33.64%	-37.18%	+3.54%
Current Drawdown Current decline from peak	-4.45%	-8.51%	+4.06%
Average Drawdown Average peak-to-trough decline	-12.10%	-9.38%	-2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	3.85%	-1.20%

Volatility

GABUX vs. SCMIX - Volatility Comparison

The current volatility for Gabelli Utilities Fund (GABUX) is 4.12%, while Columbia Seligman Technology and Information Fund Institutional 2 Class (SCMIX) has a volatility of 10.03%. This indicates that GABUX experiences smaller price fluctuations and is considered to be less risky than SCMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GABUX	SCMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.12%	10.03%	-5.91%
Volatility (6M) Calculated over the trailing 6-month period	9.00%	23.32%	-14.32%
Volatility (1Y) Calculated over the trailing 1-year period	11.03%	29.59%	-18.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.69%	26.92%	-12.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.29%	26.38%	-10.09%

GABUX vs. SCMIX - Expense Ratio Comparison

GABUX has a 1.39% expense ratio, which is higher than SCMIX's 0.89% expense ratio.

Dividends

GABUX vs. SCMIX - Dividend Comparison

GABUX's dividend yield for the trailing twelve months is around 18.62%, more than SCMIX's 5.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABUX Gabelli Utilities Fund	18.62%	18.27%	22.50%	16.89%	13.44%	11.03%	11.58%	9.31%	9.50%	8.45%	9.49%	9.66%
SCMIX Columbia Seligman Technology and Information Fund Institutional 2 Class	5.44%	7.93%	12.11%	4.52%	8.08%	10.45%	9.38%	10.47%	11.30%	10.48%	7.88%	10.40%

Frequently Asked Questions

Can I hold both GABUX and SCMIX in my portfolio?

GABUX and SCMIX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GABUX or SCMIX?

SCMIX has higher volatility (10.03%) compared to GABUX (4.12%). In terms of maximum drawdown, GABUX dropped -48.88% vs SCMIX's -50.85%.

Which has better risk-adjusted returns?

SCMIX currently has the higher Sharpe Ratio (2.75 vs 1.19), 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.