GAFSX vs. RPFGX

Last updated Jun 23, 2026

GAFSX (Gabelli Global Financial Services Fund Class AAA) and RPFGX (Davis Financial Fund) are both Financials Equities funds. Over the past 5 years, GAFSX returned 17.45%/yr vs 13.01%/yr for RPFGX. Their correlation of 0.87 suggests significant overlap in exposure. GAFSX charges 1.25%/yr vs 0.94%/yr for RPFGX.

Performance

GAFSX vs. RPFGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Global Financial Services Fund Class AAA (GAFSX) and Davis Financial Fund (RPFGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GAFSX achieves a 6.58% return, which is significantly higher than RPFGX's -2.89% return.

GAFSX

• 1D: -0.22%
• 1M: 1.86%
• YTD: 6.58%
• 6M: 5.68%
• 1Y: 29.96%
• 3Y*: 27.20%
• 5Y*: 17.45%
• 10Y*: —

RPFGX

• 1D: -0.14%
• 1M: 3.17%
• YTD: -2.89%
• 6M: -3.94%
• 1Y: 14.95%
• 3Y*: 23.03%
• 5Y*: 13.01%
• 10Y*: 12.70%

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

GAFSX vs. RPFGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GAFSX Gabelli Global Financial Services Fund Class AAA	6.58%	36.22%	27.78%	25.43%	-11.28%	28.74%	-1.51%	8.88%	0.34%
RPFGX Davis Financial Fund	-2.89%	29.28%	29.54%	15.60%	-8.91%	31.45%	-5.87%	26.51%	-13.94%

Correlation

The correlation between GAFSX and RPFGX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Oct 2, 2018	0.87

The correlation between GAFSX and RPFGX has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

Return for Risk

GAFSX vs. RPFGX — Risk / Return Rank

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

GAFSX

GAFSX Risk / Return Rank: 70
GAFSX Sharpe Ratio Rank: 77
GAFSX Sortino Ratio Rank: 80
GAFSX Omega Ratio Rank: 67
GAFSX Calmar Ratio Rank: 73
GAFSX Martin Ratio Rank: 54

RPFGX

RPFGX Risk / Return Rank: 13
RPFGX Sharpe Ratio Rank: 16
RPFGX Sortino Ratio Rank: 15
RPFGX Omega Ratio Rank: 14
RPFGX Calmar Ratio Rank: 12
RPFGX Martin Ratio Rank: 10

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.

GAFSX vs. RPFGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Global Financial Services Fund Class AAA (GAFSX) and Davis Financial Fund (RPFGX). 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.

	GAFSX	RPFGX	Difference
Sharpe ratio: Return per unit of total volatility	2.35	1.04	+1.31
Sortino ratio: Return per unit of downside risk	3.46	1.50	+1.96
Omega ratio: Gain probability vs. loss probability	1.41	1.18	+0.23
Calmar ratio: Return relative to maximum drawdown	3.17	1.07	+2.10
Martin ratio: Return relative to average drawdown	10.30	2.79	+7.51

GAFSX vs. RPFGX - Sharpe Ratio Comparison

The current GAFSX Sharpe Ratio is 2.35, which is higher than the RPFGX Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of GAFSX and RPFGX, 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

GAFSX vs. RPFGX - Drawdown Comparison

The maximum GAFSX drawdown since its inception was -46.40%, smaller than the maximum RPFGX drawdown of -67.11%. Use the drawdown chart below to compare losses from any high point for GAFSX and RPFGX.

Drawdown Indicators

	GAFSX	RPFGX	Difference
Max Drawdown Largest peak-to-trough decline	-46.40%	-67.11%	+20.71%
Max Drawdown (1Y) Largest decline over 1 year	-9.47%	-14.54%	+5.07%
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	-16.30%	+1.81%
Max Drawdown (5Y) Largest decline over 5 years	-28.21%	-26.86%	-1.35%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.24%	—
Current Drawdown Current decline from peak	-1.23%	-5.91%	+4.68%
Average Drawdown Average peak-to-trough decline	-7.63%	-9.86%	+2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	5.55%	-2.64%

Volatility

GAFSX vs. RPFGX - Volatility Comparison

The current volatility for Gabelli Global Financial Services Fund Class AAA (GAFSX) is 3.59%, while Davis Financial Fund (RPFGX) has a volatility of 4.36%. This indicates that GAFSX experiences smaller price fluctuations and is considered to be less risky than RPFGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GAFSX	RPFGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	4.36%	-0.77%
Volatility (6M) Calculated over the trailing 6-month period	9.50%	11.76%	-2.26%
Volatility (1Y) Calculated over the trailing 1-year period	12.81%	15.00%	-2.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.38%	19.27%	-1.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.78%	22.32%	-0.54%

GAFSX vs. RPFGX - Expense Ratio Comparison

GAFSX has a 1.25% expense ratio, which is higher than RPFGX's 0.94% expense ratio.

Dividends

GAFSX vs. RPFGX - Dividend Comparison

GAFSX's dividend yield for the trailing twelve months is around 1.61%, less than RPFGX's 4.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GAFSX Gabelli Global Financial Services Fund Class AAA	1.61%	1.71%	2.22%	2.45%	2.66%	1.94%	1.35%	2.26%	0.34%	0.00%	0.00%	0.00%
RPFGX Davis Financial Fund	4.10%	3.98%	4.19%	6.96%	3.41%	6.60%	5.60%	7.96%	8.93%	2.32%	1.68%	2.26%

Frequently Asked Questions

Can I hold both GAFSX and RPFGX in my portfolio?

GAFSX and RPFGX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GAFSX or RPFGX?

RPFGX has higher volatility (4.36%) compared to GAFSX (3.59%). In terms of maximum drawdown, GAFSX dropped -46.40% vs RPFGX's -67.11%.

Which has better risk-adjusted returns?

GAFSX currently has the higher Sharpe Ratio (2.35 vs 1.04), 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.