GABVX vs. GABAX

Last updated Jun 5, 2026

GABVX (Gabelli Value 25 Fund) and GABAX (Gabelli Asset Fund) are both mutual funds - GABVX is a Mid Cap Blend Equities fund managed by Gabelli, while GABAX is a Large Cap Blend Equities fund managed by Gabelli. Over the past 10 years, GABVX returned 7.32%/yr vs 9.60%/yr for GABAX. Their correlation of 0.94 suggests significant overlap in exposure. GABVX charges 1.43%/yr vs 1.33%/yr for GABAX.

Performance

GABVX vs. GABAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Value 25 Fund (GABVX) and Gabelli Asset Fund (GABAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GABVX achieves a 7.38% return, which is significantly higher than GABAX's 6.97% return. Over the past 10 years, GABVX has underperformed GABAX with an annualized return of 7.32%, while GABAX has yielded a comparatively higher 9.60% annualized return.

GABVX

• 1D: -0.88%
• 1M: 1.48%
• YTD: 7.38%
• 6M: 10.87%
• 1Y: 27.71%
• 3Y*: 15.33%
• 5Y*: 5.00%
• 10Y*: 7.32%

GABAX

• 1D: -0.49%
• 1M: 0.62%
• YTD: 6.97%
• 6M: 7.67%
• 1Y: 19.15%
• 3Y*: 13.06%
• 5Y*: 6.22%
• 10Y*: 9.60%

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

GABVX vs. GABAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GABVX Gabelli Value 25 Fund	7.38%	28.77%	4.10%	8.75%	-15.87%	14.86%	5.86%	17.84%	-8.19%	12.77%
GABAX Gabelli Asset Fund	6.97%	16.65%	8.07%	10.32%	-10.74%	18.96%	11.22%	22.44%	-7.61%	20.17%

Correlation

The correlation between GABVX and GABAX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Oct 2, 1989	0.94

The correlation between GABVX and GABAX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

GABVX vs. GABAX — Risk / Return Rank

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

GABVX

GABVX Risk / Return Rank: 57
GABVX Sharpe Ratio Rank: 56
GABVX Sortino Ratio Rank: 55
GABVX Omega Ratio Rank: 49
GABVX Calmar Ratio Rank: 61
GABVX Martin Ratio Rank: 63

GABAX

GABAX Risk / Return Rank: 28
GABAX Sharpe Ratio Rank: 29
GABAX Sortino Ratio Rank: 30
GABAX Omega Ratio Rank: 28
GABAX Calmar Ratio Rank: 24
GABAX Martin Ratio Rank: 30

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.

GABVX vs. GABAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Value 25 Fund (GABVX) and Gabelli Asset Fund (GABAX). 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.

	GABVX	GABAX	Difference
Sharpe ratio: Return per unit of total volatility	2.19	1.52	+0.66
Sortino ratio: Return per unit of downside risk	3.08	2.26	+0.82
Omega ratio: Gain probability vs. loss probability	1.38	1.27	+0.11
Calmar ratio: Return relative to maximum drawdown	2.98	1.81	+1.17
Martin ratio: Return relative to average drawdown	12.21	6.97	+5.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GABVX vs. GABAX - Sharpe Ratio Comparison

The current GABVX Sharpe Ratio is 2.19, which is higher than the GABAX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of GABVX and GABAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GABVX	GABAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	1.52	+0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.42	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.58	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.69	-0.17

Drawdowns

GABVX vs. GABAX - Drawdown Comparison

The maximum GABVX drawdown since its inception was -63.09%, which is greater than GABAX's maximum drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for GABVX and GABAX.

Drawdown Indicators

	GABVX	GABAX	Difference
Max Drawdown Largest peak-to-trough decline	-63.09%	-55.44%	-7.65%
Max Drawdown (1Y) Largest decline over 1 year	-9.10%	-10.47%	+1.37%
Max Drawdown (3Y) Largest decline over 3 years	-18.17%	-15.11%	-3.06%
Max Drawdown (5Y) Largest decline over 5 years	-26.99%	-21.90%	-5.09%
Max Drawdown (10Y) Largest decline over 10 years	-39.69%	-36.65%	-3.04%
Current Drawdown Current decline from peak	-1.36%	-2.58%	+1.22%
Average Drawdown Average peak-to-trough decline	-8.50%	-5.56%	-2.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	2.72%	-0.51%

Volatility

GABVX vs. GABAX - Volatility Comparison

The current volatility for Gabelli Value 25 Fund (GABVX) is 3.24%, while Gabelli Asset Fund (GABAX) has a volatility of 3.67%. This indicates that GABVX experiences smaller price fluctuations and is considered to be less risky than GABAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GABVX	GABAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	3.67%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	9.52%	9.93%	-0.41%
Volatility (1Y) Calculated over the trailing 1-year period	12.40%	12.46%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.26%	14.97%	+1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.55%	16.51%	+1.04%

GABVX vs. GABAX - Expense Ratio Comparison

GABVX has a 1.43% expense ratio, which is higher than GABAX's 1.33% expense ratio.

Dividends

GABVX vs. GABAX - Dividend Comparison

GABVX's dividend yield for the trailing twelve months is around 10.26%, less than GABAX's 11.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABAX Gabelli Asset Fund	11.49%	12.29%	15.41%	8.04%	10.06%	9.78%	13.12%	10.04%	10.01%	8.69%	13.23%	13.98%
GABVX Gabelli Value 25 Fund	10.26%	11.01%	0.00%	12.15%	17.78%	12.01%	9.32%	10.28%	9.54%	6.82%	7.49%	17.39%

Frequently Asked Questions

Can I hold both GABVX and GABAX in my portfolio?

GABVX and GABAX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GABVX or GABAX?

GABAX has higher volatility (3.67%) compared to GABVX (3.24%). In terms of maximum drawdown, GABVX dropped -63.09% vs GABAX's -55.44%.

Which has better risk-adjusted returns?

GABVX currently has the higher Sharpe Ratio (2.19 vs 1.52), 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.