GFSIX vs. AQGIX

Last updated Jun 3, 2026

GFSIX (Gabelli Global Financial Services Fund) and AQGIX (AQR Global Equity Fund) are both mutual funds - GFSIX is a Financials Equities fund managed by BlackRock, while AQGIX is a Global Equities fund managed by AQR Funds. Over the past 5 years, GFSIX returned 15.56%/yr vs 15.66%/yr for AQGIX. A 0.72 correlation means they provide meaningful diversification when combined. GFSIX charges 1.00%/yr vs 0.80%/yr for AQGIX.

Performance

GFSIX vs. AQGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Global Financial Services Fund (GFSIX) and AQR Global Equity Fund (AQGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GFSIX achieves a 4.31% return, which is significantly lower than AQGIX's 13.92% return.

GFSIX

• 1D: -0.81%
• 1M: 0.46%
• YTD: 4.31%
• 6M: 9.16%
• 1Y: 28.98%
• 3Y*: 28.30%
• 5Y*: 15.56%
• 10Y*: —

AQGIX

• 1D: 1.38%
• 1M: 6.92%
• YTD: 13.92%
• 6M: 15.98%
• 1Y: 34.48%
• 3Y*: 28.48%
• 5Y*: 15.66%
• 10Y*: 13.50%

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

GFSIX vs. AQGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GFSIX Gabelli Global Financial Services Fund	4.31%	36.58%	28.17%	25.77%	-11.12%	29.11%	-1.28%	9.12%	0.39%
AQGIX AQR Global Equity Fund	13.92%	31.64%	24.56%	22.92%	-14.14%	18.32%	9.33%	22.55%	-16.28%

Correlation

The correlation between GFSIX and AQGIX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Oct 3, 2018	0.73

The correlation between GFSIX and AQGIX shifts across timeframes, from 0.65 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GFSIX vs. AQGIX — Risk / Return Rank

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

GFSIX

GFSIX Risk / Return Rank: 60
GFSIX Sharpe Ratio Rank: 61
GFSIX Sortino Ratio Rank: 68
GFSIX Omega Ratio Rank: 55
GFSIX Calmar Ratio Rank: 68
GFSIX Martin Ratio Rank: 51

AQGIX

AQGIX Risk / Return Rank: 79
AQGIX Sharpe Ratio Rank: 83
AQGIX Sortino Ratio Rank: 78
AQGIX Omega Ratio Rank: 71
AQGIX Calmar Ratio Rank: 79
AQGIX Martin Ratio Rank: 86

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.

GFSIX vs. AQGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Global Financial Services Fund (GFSIX) and AQR Global Equity Fund (AQGIX). 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.

	GFSIX	AQGIX	Difference
Sharpe ratio Return per unit of total volatility	2.31	2.68	-0.37
Sortino ratio Return per unit of downside risk	3.43	3.71	-0.28
Omega ratio Gain probability vs. loss probability	1.41	1.47	-0.06
Calmar ratio Return relative to maximum drawdown	3.20	3.61	-0.40
Martin ratio Return relative to average drawdown	10.49	16.59	-6.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GFSIX vs. AQGIX - Sharpe Ratio Comparison

The current GFSIX Sharpe Ratio is 2.31, which is comparable to the AQGIX Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of GFSIX and AQGIX, 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

	GFSIX	AQGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	2.68	-0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.86	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.63	+0.05

Drawdowns

GFSIX vs. AQGIX - Drawdown Comparison

The maximum GFSIX drawdown since its inception was -46.39%, which is greater than AQGIX's maximum drawdown of -35.47%. Use the drawdown chart below to compare losses from any high point for GFSIX and AQGIX.

Drawdown Indicators

	GFSIX	AQGIX	Difference
Max Drawdown Largest peak-to-trough decline	-46.39%	-35.47%	-10.92%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-9.88%	+0.46%
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	-18.50%	+4.01%
Max Drawdown (5Y) Largest decline over 5 years	-28.07%	-29.62%	+1.55%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.47%	—
Current Drawdown Current decline from peak	-1.78%	0.00%	-1.78%
Average Drawdown Average peak-to-trough decline	-7.60%	-6.55%	-1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	2.15%	+0.73%

Volatility

GFSIX vs. AQGIX - Volatility Comparison

Gabelli Global Financial Services Fund (GFSIX) has a higher volatility of 3.49% compared to AQR Global Equity Fund (AQGIX) at 3.30%. This indicates that GFSIX's price experiences larger fluctuations and is considered to be riskier than AQGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GFSIX	AQGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	3.30%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	9.41%	10.25%	-0.84%
Volatility (1Y) Calculated over the trailing 1-year period	12.69%	13.34%	-0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.41%	18.24%	-0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.79%	17.96%	+3.83%

GFSIX vs. AQGIX - Expense Ratio Comparison

GFSIX has a 1.00% expense ratio, which is higher than AQGIX's 0.80% expense ratio.

Dividends

GFSIX vs. AQGIX - Dividend Comparison

GFSIX's dividend yield for the trailing twelve months is around 1.78%, less than AQGIX's 11.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AQGIX AQR Global Equity Fund	11.57%	13.18%	13.59%	5.97%	4.39%	12.17%	1.16%	1.41%	4.72%	5.05%	10.34%	0.09%
GFSIX Gabelli Global Financial Services Fund	1.78%	1.85%	2.44%	2.68%	2.96%	2.11%	1.58%	2.69%	0.39%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GFSIX and AQGIX in my portfolio?

GFSIX and AQGIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GFSIX or AQGIX?

GFSIX has higher volatility (3.49%) compared to AQGIX (3.30%). In terms of maximum drawdown, GFSIX dropped -46.39% vs AQGIX's -35.47%.

Which has better risk-adjusted returns?

AQGIX currently has the higher Sharpe Ratio (2.68 vs 2.31), 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.