GDL vs. EMAYX
Compare and contrast key facts about The GDL Fund (GDL) and Gabelli Enterprise Mergers and Acquisitions Fund (EMAYX).
GDL is managed by Gabelli. It was launched on Jan 31, 2007. EMAYX is managed by Gabelli. It was launched on Feb 27, 2001.
Performance
GDL vs. EMAYX - Performance Comparison
Loading graphics...
GDL vs. EMAYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GDL The GDL Fund | -0.23% | 11.83% | 5.94% | 9.02% | -6.88% | 8.04% | -0.99% | 5.87% | -1.60% | 4.74% |
EMAYX Gabelli Enterprise Mergers and Acquisitions Fund | 2.42% | 21.17% | 4.10% | 5.96% | -8.78% | 9.83% | 5.29% | 7.71% | -2.78% | 5.61% |
Returns By Period
In the year-to-date period, GDL achieves a -0.23% return, which is significantly lower than EMAYX's 2.42% return. Over the past 10 years, GDL has underperformed EMAYX with an annualized return of 3.75%, while EMAYX has yielded a comparatively higher 5.49% annualized return.
GDL
- 1D
- 0.18%
- 1M
- -1.51%
- YTD
- -0.23%
- 6M
- 0.24%
- 1Y
- 7.09%
- 3Y*
- 8.24%
- 5Y*
- 4.52%
- 10Y*
- 3.75%
EMAYX
- 1D
- -0.05%
- 1M
- -4.32%
- YTD
- 2.42%
- 6M
- 6.81%
- 1Y
- 19.97%
- 3Y*
- 10.35%
- 5Y*
- 5.43%
- 10Y*
- 5.49%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GDL vs. EMAYX - Expense Ratio Comparison
GDL has a 0.03% expense ratio, which is lower than EMAYX's 1.01% expense ratio.
Return for Risk
GDL vs. EMAYX — Risk / Return Rank
GDL
EMAYX
GDL vs. EMAYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The GDL Fund (GDL) and Gabelli Enterprise Mergers and Acquisitions Fund (EMAYX). 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.
| GDL | EMAYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 1.74 | -1.02 |
Sortino ratioReturn per unit of downside risk | 0.99 | 2.41 | -1.42 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.34 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.01 | -0.74 |
Martin ratioReturn relative to average drawdown | 4.75 | 9.70 | -4.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| GDL | EMAYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 1.74 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.50 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.52 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.43 | -0.21 |
Correlation
The correlation between GDL and EMAYX is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GDL vs. EMAYX - Dividend Comparison
GDL's dividend yield for the trailing twelve months is around 5.76%, more than EMAYX's 4.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDL The GDL Fund | 5.76% | 5.67% | 5.99% | 5.97% | 6.12% | 5.38% | 5.28% | 4.30% | 4.36% | 5.96% | 6.50% | 6.39% |
EMAYX Gabelli Enterprise Mergers and Acquisitions Fund | 4.11% | 4.21% | 0.00% | 3.00% | 0.80% | 6.84% | 0.24% | 1.80% | 5.52% | 1.24% | 0.00% | 0.00% |
Drawdowns
GDL vs. EMAYX - Drawdown Comparison
The maximum GDL drawdown since its inception was -38.74%, smaller than the maximum EMAYX drawdown of -47.93%. Use the drawdown chart below to compare losses from any high point for GDL and EMAYX.
Loading graphics...
Drawdown Indicators
| GDL | EMAYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.74% | -47.93% | +9.19% |
Max Drawdown (1Y)Largest decline over 1 year | -5.21% | -9.69% | +4.48% |
Max Drawdown (5Y)Largest decline over 5 years | -9.48% | -15.95% | +6.47% |
Max Drawdown (10Y)Largest decline over 10 years | -38.74% | -24.90% | -13.84% |
Current DrawdownCurrent decline from peak | -2.15% | -4.32% | +2.17% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -4.50% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 2.01% | -0.62% |
Volatility
GDL vs. EMAYX - Volatility Comparison
The current volatility for The GDL Fund (GDL) is 2.56%, while Gabelli Enterprise Mergers and Acquisitions Fund (EMAYX) has a volatility of 3.19%. This indicates that GDL experiences smaller price fluctuations and is considered to be less risky than EMAYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| GDL | EMAYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.56% | 3.19% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 5.41% | 6.55% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.83% | 11.79% | -1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.62% | 10.87% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.97% | 10.50% | +2.47% |