GAGCX vs. GABUX

Last updated Jun 4, 2026

GAGCX (The Gabelli Global Rising Income and Dividend Fund) and GABUX (Gabelli Utilities Fund) are both mutual funds - GAGCX is a Tactical Allocation fund managed by Gabelli, while GABUX is a Utilities Equities fund managed by Gabelli. Over the past 10 years, GAGCX returned 6.94%/yr vs 6.24%/yr for GABUX. A 0.57 correlation means they provide meaningful diversification when combined. GAGCX charges 0.90%/yr vs 1.39%/yr for GABUX.

Performance

GAGCX vs. GABUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Gabelli Global Rising Income and Dividend Fund (GAGCX) and Gabelli Utilities Fund (GABUX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GAGCX achieves a 5.95% return, which is significantly lower than GABUX's 7.08% return. Over the past 10 years, GAGCX has outperformed GABUX with an annualized return of 6.94%, while GABUX has yielded a comparatively lower 6.24% annualized return.

GAGCX

• 1D: 1.15%
• 1M: 3.28%
• YTD: 5.95%
• 6M: 7.64%
• 1Y: 17.12%
• 3Y*: 10.29%
• 5Y*: 4.32%
• 10Y*: 6.94%

GABUX

• 1D: 1.47%
• 1M: -3.38%
• YTD: 7.08%
• 6M: 5.88%
• 1Y: 14.88%
• 3Y*: 12.04%
• 5Y*: 6.15%
• 10Y*: 6.24%

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

GAGCX vs. GABUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GAGCX The Gabelli Global Rising Income and Dividend Fund	5.95%	22.11%	-0.99%	9.93%	-15.66%	21.32%	11.68%	14.38%	-14.01%	20.91%
GABUX Gabelli Utilities Fund	7.08%	16.86%	14.38%	-6.59%	-5.40%	17.44%	-3.45%	18.37%	-2.83%	8.24%

Correlation

The correlation between GAGCX and GABUX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Sep 1, 1999	0.57

The correlation between GAGCX and GABUX shifts across timeframes, from 0.48 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GAGCX vs. GABUX — Risk / Return Rank

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

GAGCX

GAGCX Risk / Return Rank: 27
GAGCX Sharpe Ratio Rank: 28
GAGCX Sortino Ratio Rank: 29
GAGCX Omega Ratio Rank: 27
GAGCX Calmar Ratio Rank: 24
GAGCX Martin Ratio Rank: 26

GABUX

GABUX Risk / Return Rank: 27
GABUX Sharpe Ratio Rank: 25
GABUX Sortino Ratio Rank: 23
GABUX Omega Ratio Rank: 23
GABUX Calmar Ratio Rank: 33
GABUX Martin Ratio Rank: 32

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.

GAGCX vs. GABUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Gabelli Global Rising Income and Dividend Fund (GAGCX) and Gabelli Utilities Fund (GABUX). 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.

	GAGCX	GABUX	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.44	+0.09
Sortino ratio: Return per unit of downside risk	2.25	2.01	+0.24
Omega ratio: Gain probability vs. loss probability	1.27	1.25	+0.02
Calmar ratio: Return relative to maximum drawdown	1.82	2.16	-0.34
Martin ratio: Return relative to average drawdown	6.33	7.39	-1.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GAGCX vs. GABUX - Sharpe Ratio Comparison

The current GAGCX Sharpe Ratio is 1.53, which is comparable to the GABUX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of GAGCX and GABUX, 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

	GAGCX	GABUX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	1.44	+0.09
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	0.49	0.38	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.24	-0.16

Drawdowns

GAGCX vs. GABUX - Drawdown Comparison

The maximum GAGCX drawdown since its inception was -79.95%, which is greater than GABUX's maximum drawdown of -48.88%. Use the drawdown chart below to compare losses from any high point for GAGCX and GABUX.

Drawdown Indicators

	GAGCX	GABUX	Difference
Max Drawdown Largest peak-to-trough decline	-79.95%	-48.88%	-31.07%
Max Drawdown (1Y) Largest decline over 1 year	-9.47%	-7.14%	-2.33%
Max Drawdown (3Y) Largest decline over 3 years	-14.51%	-16.51%	+2.00%
Max Drawdown (5Y) Largest decline over 5 years	-28.38%	-23.98%	-4.40%
Max Drawdown (10Y) Largest decline over 10 years	-37.89%	-33.64%	-4.25%
Current Drawdown Current decline from peak	-26.96%	-5.77%	-21.19%
Average Drawdown Average peak-to-trough decline	-45.40%	-12.15%	-33.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	2.08%	+0.63%

Volatility

GAGCX vs. GABUX - Volatility Comparison

The current volatility for The Gabelli Global Rising Income and Dividend Fund (GAGCX) is 3.52%, while Gabelli Utilities Fund (GABUX) has a volatility of 3.80%. This indicates that GAGCX experiences smaller price fluctuations and is considered to be less risky than GABUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GAGCX	GABUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	3.80%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	8.44%	8.44%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	11.26%	10.70%	+0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.89%	14.70%	-0.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.25%	16.27%	-2.02%

GAGCX vs. GABUX - Expense Ratio Comparison

GAGCX has a 0.90% expense ratio, which is lower than GABUX's 1.39% expense ratio.

Dividends

GAGCX vs. GABUX - Dividend Comparison

GAGCX's dividend yield for the trailing twelve months is around 2.70%, less than GABUX's 18.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABUX Gabelli Utilities Fund	18.31%	18.27%	22.50%	16.89%	13.44%	11.03%	11.58%	9.31%	9.50%	8.45%	9.49%	9.66%
GAGCX The Gabelli Global Rising Income and Dividend Fund	2.70%	2.86%	0.00%	2.38%	3.66%	1.57%	0.68%	0.49%	1.66%	1.35%	1.02%	1.34%

Frequently Asked Questions

Can I hold both GAGCX and GABUX in my portfolio?

GAGCX and GABUX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GAGCX or GABUX?

GABUX has higher volatility (3.80%) compared to GAGCX (3.52%). In terms of maximum drawdown, GAGCX dropped -79.95% vs GABUX's -48.88%.

Which has better risk-adjusted returns?

GAGCX currently has the higher Sharpe Ratio (1.53 vs 1.44), 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.