GABVX vs. GABEX

Last updated Jun 5, 2026

GABVX (Gabelli Value 25 Fund) and GABEX (Gabelli Equity Income Fund) are both mutual funds - GABVX is a Mid Cap Blend Equities fund managed by Gabelli, while GABEX is a Large Cap Blend Equities fund managed by Gabelli. Over the past 10 years, GABVX returned 7.32%/yr vs 11.70%/yr for GABEX. Their correlation of 0.86 suggests significant overlap in exposure. GABVX charges 1.43%/yr vs 1.42%/yr for GABEX.

Performance

GABVX vs. GABEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Value 25 Fund (GABVX) and Gabelli Equity Income Fund (GABEX). 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 GABEX's 6.92% return. Over the past 10 years, GABVX has underperformed GABEX with an annualized return of 7.32%, while GABEX has yielded a comparatively higher 11.70% 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%

GABEX

• 1D: -0.39%
• 1M: 0.77%
• YTD: 6.92%
• 6M: 7.29%
• 1Y: 6.20%
• 3Y*: 8.56%
• 5Y*: 4.73%
• 10Y*: 11.70%

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

GABVX vs. GABEX - 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%
GABEX Gabelli Equity Income Fund	6.92%	4.33%	6.62%	8.25%	-5.22%	23.28%	7.54%	75.11%	-11.37%	15.16%

Correlation

The correlation between GABVX and GABEX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 2, 1992	0.86

The correlation between GABVX and GABEX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

Return for Risk

GABVX vs. GABEX — 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

GABEX

GABEX Risk / Return Rank: 5
GABEX Sharpe Ratio Rank: 5
GABEX Sortino Ratio Rank: 5
GABEX Omega Ratio Rank: 6
GABEX Calmar Ratio Rank: 5
GABEX Martin Ratio Rank: 5

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. GABEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Value 25 Fund (GABVX) and Gabelli Equity Income Fund (GABEX). 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	GABEX	Difference
Sharpe ratio: Return per unit of total volatility	2.19	0.39	+1.80
Sortino ratio: Return per unit of downside risk	3.08	0.57	+2.51
Omega ratio: Gain probability vs. loss probability	1.38	1.10	+0.29
Calmar ratio: Return relative to maximum drawdown	2.98	0.45	+2.53
Martin ratio: Return relative to average drawdown	12.21	0.96	+11.25
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. GABEX - Sharpe Ratio Comparison

The current GABVX Sharpe Ratio is 2.19, which is higher than the GABEX Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of GABVX and GABEX, 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	GABEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	0.39	+1.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.31	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.55	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.60	-0.09

Drawdowns

GABVX vs. GABEX - Drawdown Comparison

The maximum GABVX drawdown since its inception was -63.09%, which is greater than GABEX's maximum drawdown of -52.25%. Use the drawdown chart below to compare losses from any high point for GABVX and GABEX.

Drawdown Indicators

	GABVX	GABEX	Difference
Max Drawdown Largest peak-to-trough decline	-63.09%	-52.25%	-10.84%
Max Drawdown (1Y) Largest decline over 1 year	-9.10%	-13.11%	+4.01%
Max Drawdown (3Y) Largest decline over 3 years	-18.17%	-14.75%	-3.42%
Max Drawdown (5Y) Largest decline over 5 years	-26.99%	-17.59%	-9.40%
Max Drawdown (10Y) Largest decline over 10 years	-39.69%	-37.27%	-2.42%
Current Drawdown Current decline from peak	-1.36%	-3.25%	+1.89%
Average Drawdown Average peak-to-trough decline	-8.50%	-5.16%	-3.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	6.08%	-3.87%

Volatility

GABVX vs. GABEX - Volatility Comparison

Gabelli Value 25 Fund (GABVX) and Gabelli Equity Income Fund (GABEX) have volatilities of 3.24% and 3.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GABVX	GABEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	3.18%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	9.52%	9.05%	+0.47%
Volatility (1Y) Calculated over the trailing 1-year period	12.40%	15.05%	-2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.26%	15.24%	+1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.55%	21.33%	-3.78%

GABVX vs. GABEX - Expense Ratio Comparison

GABVX has a 1.43% expense ratio, which is higher than GABEX's 1.42% expense ratio.

Dividends

GABVX vs. GABEX - Dividend Comparison

GABVX's dividend yield for the trailing twelve months is around 10.26%, less than GABEX's 21.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABEX Gabelli Equity Income Fund	21.40%	20.83%	33.06%	23.48%	20.49%	19.96%	32.82%	65.43%	31.87%	17.83%	16.63%	7.78%
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 GABEX in my portfolio?

GABVX and GABEX have a correlation of 0.87, 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 GABEX?

GABVX has higher volatility (3.24%) compared to GABEX (3.18%). In terms of maximum drawdown, GABVX dropped -63.09% vs GABEX's -52.25%.

Which has better risk-adjusted returns?

GABVX currently has the higher Sharpe Ratio (2.19 vs 0.39), 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.