GFSIX vs. SFPAX
GFSIX (Gabelli Global Financial Services Fund) and SFPAX (Saratoga Financial Service Fund) are both Financials Equities funds from BlackRock. Over the past 5 years, GFSIX returned 18.62%/yr vs 6.22%/yr for SFPAX. Their correlation of 0.80 means they have usually moved in the same direction. GFSIX charges 1.00%/yr vs 3.81%/yr for SFPAX.
Performance
GFSIX vs. SFPAX - Performance Comparison
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Returns By Period
GFSIX
- 1D
- 0.89%
- 1M
- 4.73%
- 6M
- 10.35%
- YTD
- 13.06%
- 1Y
- 31.72%
- 3Y*
- 28.03%
- 5Y*
- 18.62%
- 10Y*
- —
- ALL TIME*
- 15.50%
SFPAX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 2.51%
- 3Y*
- 15.10%
- 5Y*
- 6.22%
- 10Y*
- 9.04%
- ALL TIME*
- 3.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GFSIX vs. SFPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GFSIX Gabelli Global Financial Services Fund | 13.06% | 36.58% | 28.17% | 25.77% | -11.12% | 29.11% | -1.28% | 9.12% | 0.39% |
SFPAX Saratoga Financial Service Fund | 0.00% | 7.00% | 26.05% | 10.58% | -14.36% | 31.17% | -5.81% | 29.63% | -16.25% |
Correlation
The correlation between GFSIX and SFPAX is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2018 | 0.80 |
Over the past year, the correlation between GFSIX and SFPAX has dropped to 0.31 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
GFSIX vs. SFPAX — Risk / Return Rank
GFSIX
SFPAX
GFSIX vs. SFPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Global Financial Services Fund (GFSIX) and Saratoga Financial Service Fund (SFPAX). 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 | SFPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.47 | ||
| Sortino ratioReturn per unit of downside risk | +3.60 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.98 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | -0.21 | +3.35 |
| Martin ratioReturn relative to average drawdown | 10.26 | -0.42 | +10.67 |
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Drawdowns
GFSIX vs. SFPAX - Drawdown Comparison
The maximum GFSIX drawdown since its inception was -46.39%, smaller than the maximum SFPAX drawdown of -71.98%. Use the drawdown chart below to compare losses from any high point for GFSIX and SFPAX.
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Drawdown Indicators
| GFSIX | SFPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.39% | -71.98% | +25.59% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -4.86% | -4.56% |
Max Drawdown (3Y)Largest decline over 3 years | -14.49% | -17.92% | +3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -28.07% | -27.51% | -0.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.64% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.65% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -20.91% | +13.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 2.32% | +0.56% |
Volatility
GFSIX vs. SFPAX - Volatility Comparison
Gabelli Global Financial Services Fund (GFSIX) has a higher volatility of 3.28% compared to Saratoga Financial Service Fund (SFPAX) at 0.00%. This indicates that GFSIX's price experiences larger fluctuations and is considered to be riskier than SFPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GFSIX | SFPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 0.00% | +3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 1.96% | +7.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 9.20% | +3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.22% | 18.73% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.61% | 22.51% | -0.90% |
GFSIX vs. SFPAX - Expense Ratio Comparison
GFSIX has a 1.00% expense ratio, which is lower than SFPAX's 3.81% expense ratio.
Dividends
GFSIX vs. SFPAX - Dividend Comparison
GFSIX's dividend yield for the trailing twelve months is around 1.64%, while SFPAX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GFSIX Gabelli Global Financial Services Fund | 1.64% | 1.85% | 2.44% | 2.68% | 2.96% | 2.11% | 1.58% | 2.69% | 0.39% |
SFPAX Saratoga Financial Service Fund | 0.00% | 0.00% | 5.91% | 5.05% | 5.71% | 5.03% | 4.18% | 7.10% | 22.58% |
Frequently Asked Questions
GFSIX and SFPAX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GFSIX has higher volatility (3.28%) compared to SFPAX (0.00%). In terms of maximum drawdown, GFSIX dropped -46.39% vs SFPAX's -71.98%.
GFSIX currently has the higher Sharpe Ratio (2.36 vs -0.11), 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.
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