GFSIX vs. BISMX

Last updated Jun 23, 2026

GFSIX (Gabelli Global Financial Services Fund) and BISMX (Brandes International Small Cap Equity Fund Class I) are both mutual funds - GFSIX is a Financials Equities fund managed by BlackRock, while BISMX is a Foreign Small & Mid Cap Equities fund actively managed by Brandes. Over the past 5 years, GFSIX returned 17.72%/yr vs 17.21%/yr for BISMX. A 0.74 correlation means they provide meaningful diversification when combined. GFSIX charges 1.00%/yr vs 1.11%/yr for BISMX.

Performance

GFSIX vs. BISMX - Performance Comparison

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

Returns By Period

In the year-to-date period, GFSIX achieves a 6.63% return, which is significantly higher than BISMX's -1.26% return.

GFSIX

• 1D: -0.27%
• 1M: 1.85%
• YTD: 6.63%
• 6M: 5.82%
• 1Y: 30.27%
• 3Y*: 27.49%
• 5Y*: 17.72%
• 10Y*: —

BISMX

• 1D: -0.50%
• 1M: -1.97%
• YTD: -1.26%
• 6M: -0.56%
• 1Y: 11.15%
• 3Y*: 27.11%
• 5Y*: 17.21%
• 10Y*: 10.79%

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

GFSIX vs. BISMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GFSIX Gabelli Global Financial Services Fund	6.63%	36.58%	28.17%	25.77%	-11.12%	29.11%	-1.28%	9.12%	0.39%
BISMX Brandes International Small Cap Equity Fund Class I	-1.26%	45.81%	23.44%	39.27%	-8.48%	18.58%	4.85%	7.16%	-10.93%

Correlation

The correlation between GFSIX and BISMX is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Oct 2, 2018	0.74

The correlation between GFSIX and BISMX has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.

Return for Risk

GFSIX vs. BISMX — Risk / Return Rank

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

GFSIX

GFSIX Risk / Return Rank: 72
GFSIX Sharpe Ratio Rank: 78
GFSIX Sortino Ratio Rank: 82
GFSIX Omega Ratio Rank: 69
GFSIX Calmar Ratio Rank: 75
GFSIX Martin Ratio Rank: 55

BISMX

BISMX Risk / Return Rank: 11
BISMX Sharpe Ratio Rank: 11
BISMX Sortino Ratio Rank: 12
BISMX Omega Ratio Rank: 11
BISMX Calmar Ratio Rank: 10
BISMX Martin Ratio Rank: 9

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. BISMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Global Financial Services Fund (GFSIX) and Brandes International Small Cap Equity Fund Class I (BISMX). 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.

	GFSIX	BISMX	Difference
Sharpe ratio: Return per unit of total volatility	2.39	0.85	+1.54
Sortino ratio: Return per unit of downside risk	3.56	1.32	+2.24
Omega ratio: Gain probability vs. loss probability	1.42	1.16	+0.27
Calmar ratio: Return relative to maximum drawdown	3.24	0.92	+2.32
Martin ratio: Return relative to average drawdown	10.53	2.46	+8.07

GFSIX vs. BISMX - Sharpe Ratio Comparison

The current GFSIX Sharpe Ratio is 2.39, which is higher than the BISMX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of GFSIX and BISMX, 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

GFSIX vs. BISMX - Drawdown Comparison

The maximum GFSIX drawdown since its inception was -46.39%, roughly equal to the maximum BISMX drawdown of -47.07%. Use the drawdown chart below to compare losses from any high point for GFSIX and BISMX.

Drawdown Indicators

	GFSIX	BISMX	Difference
Max Drawdown Largest peak-to-trough decline	-46.39%	-47.07%	+0.68%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-11.61%	+2.19%
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	-11.61%	-2.88%
Max Drawdown (5Y) Largest decline over 5 years	-28.07%	-31.26%	+3.19%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.07%	—
Current Drawdown Current decline from peak	-1.27%	-9.41%	+8.14%
Average Drawdown Average peak-to-trough decline	-7.56%	-7.93%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	4.31%	-1.43%

Volatility

GFSIX vs. BISMX - Volatility Comparison

Gabelli Global Financial Services Fund (GFSIX) and Brandes International Small Cap Equity Fund Class I (BISMX) have volatilities of 3.60% and 3.49%, 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

	GFSIX	BISMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	3.49%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	9.51%	10.36%	-0.85%
Volatility (1Y) Calculated over the trailing 1-year period	12.76%	12.51%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.39%	13.91%	+3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.73%	14.25%	+7.48%

GFSIX vs. BISMX - Expense Ratio Comparison

GFSIX has a 1.00% expense ratio, which is lower than BISMX's 1.11% expense ratio.

Dividends

GFSIX vs. BISMX - Dividend Comparison

GFSIX's dividend yield for the trailing twelve months is around 1.74%, less than BISMX's 3.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BISMX Brandes International Small Cap Equity Fund Class I	3.38%	3.34%	3.22%	2.93%	4.16%	3.45%	0.92%	0.82%	4.10%	8.51%	4.16%	3.65%
GFSIX Gabelli Global Financial Services Fund	1.74%	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 BISMX in my portfolio?

GFSIX and BISMX have a correlation of 0.68, 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 BISMX?

GFSIX has higher volatility (3.60%) compared to BISMX (3.49%). In terms of maximum drawdown, GFSIX dropped -46.39% vs BISMX's -47.07%.

Which has better risk-adjusted returns?

GFSIX currently has the higher Sharpe Ratio (2.39 vs 0.85), 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.