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GFSIX vs. SFPAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GFSIX vs. SFPAX

Last updated Jul 14, 2026
Documentation

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 18.10%/yr vs 6.22%/yr for SFPAX. Their correlation of 0.81 suggests significant overlap in exposure. GFSIX charges 1.00%/yr vs 3.81%/yr for SFPAX.

Performance

GFSIX vs. SFPAX - Performance Comparison

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

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Returns By Period

GFSIX

1D
0.35%
1M
1.64%
6M
6.97%
YTD
8.28%
1Y
25.00%
3Y*
28.33%
5Y*
18.10%
10Y*
—

SFPAX

1D
0.00%
1M
0.00%
6M
0.00%
YTD
0.00%
1Y
0.82%
3Y*
15.10%
5Y*
6.22%
10Y*
9.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GFSIX vs. SFPAX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
GFSIX
Gabelli Global Financial Services Fund		8.28%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 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.37

Correlation (3Y)
Calculated over the trailing 3-year period

0.71

Correlation (5Y)
Calculated over the trailing 5-year period

0.80

Correlation (All Time)
Calculated using the full available price history since Oct 2, 2018

0.81

Over the past year, the correlation between GFSIX and SFPAX has dropped to 0.37 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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Gabelli Global Financial Services Fund

Saratoga Financial Service Fund

Often compared with GFSIX:
GFSIX vs. VOOGFSIX vs. MSGFSIX vs. XLVGFSIX vs. FTRIXGFSIX vs. FLCSXGFSIX vs. SSHQXGFSIX vs. DRGTX
Often compared with SFPAX:
SFPAX vs. ICFSXSFPAX vs. FLCSFPAX vs. FSPCXSFPAX vs. HSFNXSFPAX vs. FIDAXSFPAX vs. BTOSFPAX vs. FSRBX

Return for Risk

GFSIX vs. SFPAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GFSIX
GFSIX Risk / Return Rank: 6868
Overall Rank
GFSIX Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
GFSIX Sortino Ratio Rank: 7878
Sortino Ratio Rank
GFSIX Omega Ratio Rank: 6969
Omega Ratio Rank
GFSIX Calmar Ratio Rank: 7070
Calmar Ratio Rank
GFSIX Martin Ratio Rank: 5252
Martin Ratio Rank
SFPAX
SFPAX Risk / Return Rank: 22
Overall Rank
SFPAX Sharpe Ratio Rank: 33
Sharpe Ratio Rank
SFPAX Sortino Ratio Rank: 33
Sortino Ratio Rank
SFPAX Omega Ratio Rank: 22
Omega Ratio Rank
SFPAX Calmar Ratio Rank: 22
Calmar Ratio Rank
SFPAX Martin Ratio Rank: 22
Martin Ratio Rank
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. 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.

GFSIXSFPAXDifference
Sharpe ratioReturn per unit of total volatility
1.92
-0.11

+2.04

Sortino ratioReturn per unit of downside risk
2.89
-0.08

+2.98

Omega ratioGain probability vs. loss probability

1.34

0.98

+0.36

Calmar ratioReturn relative to maximum drawdown

2.58

-0.21

+2.79

Martin ratioReturn relative to average drawdown

8.36

-0.42

+8.78

GFSIX vs. SFPAX - Sharpe Ratio Comparison

The current GFSIX Sharpe Ratio is 1.92, which is higher than the SFPAX Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of GFSIX and SFPAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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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

GFSIXSFPAXDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-0.69%

-2.65%

+1.96%

Average Drawdown

Average peak-to-trough decline

-7.51%

-20.91%

+13.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.89%

2.32%

+0.57%

Volatility

GFSIX vs. SFPAX - Volatility Comparison

Gabelli Global Financial Services Fund (GFSIX) has a higher volatility of 3.22% 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

GFSIXSFPAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.22%

0.00%

+3.22%

Volatility (6M)

Calculated over the trailing 6-month period

9.60%

1.96%

+7.64%

Volatility (1Y)

Calculated over the trailing 1-year period

12.62%

9.20%

+3.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.30%

18.73%

-1.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.67%

22.51%

-0.84%

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 1.71%, while SFPAX has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
GFSIX
Gabelli Global Financial Services Fund		1.71%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 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GFSIX has higher volatility (3.22%) 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 (1.92 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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