GGGIX vs. GICPX

Last updated Jun 24, 2026

GGGIX (Gabelli Global Growth Fund Class I) and GICPX (Gabelli Global Growth Fund) are both mutual funds - GGGIX is a Large Cap Growth Equities fund actively managed by Gabelli, while GICPX is a Global Equities fund managed by Gabelli. Over the past 10 years, GGGIX returned 14.03%/yr vs 13.57%/yr for GICPX. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.90% expense ratio.

Performance

GGGIX vs. GICPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Global Growth Fund Class I (GGGIX) and Gabelli Global Growth Fund (GICPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GGGIX having a 3.15% return and GICPX slightly lower at 3.13%. Both investments have delivered pretty close results over the past 10 years, with GGGIX having a 14.03% annualized return and GICPX not far behind at 13.57%.

GGGIX

• 1D: -1.01%
• 1M: -0.82%
• YTD: 3.15%
• 6M: 2.38%
• 1Y: 12.20%
• 3Y*: 18.30%
• 5Y*: 7.49%
• 10Y*: 14.03%

GICPX

• 1D: -1.01%
• 1M: -0.83%
• YTD: 3.13%
• 6M: 2.36%
• 1Y: 12.17%
• 3Y*: 17.39%
• 5Y*: 6.98%
• 10Y*: 13.57%

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

GGGIX vs. GICPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GGGIX Gabelli Global Growth Fund Class I	3.15%	13.90%	29.68%	34.48%	-37.43%	21.09%	35.41%	31.07%	-2.31%	29.85%
GICPX Gabelli Global Growth Fund	3.13%	13.90%	26.70%	34.47%	-37.45%	21.09%	35.45%	30.76%	-2.73%	29.02%

Correlation

The correlation between GGGIX and GICPX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009	1.00

The correlation between GGGIX and GICPX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

GGGIX vs. GICPX — Risk / Return Rank

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

GGGIX

GGGIX Risk / Return Rank: 14
GGGIX Sharpe Ratio Rank: 14
GGGIX Sortino Ratio Rank: 14
GGGIX Omega Ratio Rank: 13
GGGIX Calmar Ratio Rank: 12
GGGIX Martin Ratio Rank: 17

GICPX

GICPX Risk / Return Rank: 14
GICPX Sharpe Ratio Rank: 14
GICPX Sortino Ratio Rank: 14
GICPX Omega Ratio Rank: 13
GICPX Calmar Ratio Rank: 12
GICPX Martin Ratio Rank: 17

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.

GGGIX vs. GICPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Global Growth Fund Class I (GGGIX) and Gabelli Global Growth Fund (GICPX). 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.

	GGGIX	GICPX	Difference
Sharpe ratio: Return per unit of total volatility	0.96	0.96	0.00
Sortino ratio: Return per unit of downside risk	1.42	1.41	0.00
Omega ratio: Gain probability vs. loss probability	1.17	1.17	0.00
Calmar ratio: Return relative to maximum drawdown	1.08	1.08	0.00
Martin ratio: Return relative to average drawdown	4.22	4.22	0.00

GGGIX vs. GICPX - Sharpe Ratio Comparison

The current GGGIX Sharpe Ratio is 0.96, which is comparable to the GICPX Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of GGGIX and GICPX, 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

GGGIX vs. GICPX - Drawdown Comparison

The maximum GGGIX drawdown since its inception was -43.91%, smaller than the maximum GICPX drawdown of -72.92%. Use the drawdown chart below to compare losses from any high point for GGGIX and GICPX.

Drawdown Indicators

	GGGIX	GICPX	Difference
Max Drawdown Largest peak-to-trough decline	-43.91%	-72.92%	+29.01%
Max Drawdown (1Y) Largest decline over 1 year	-12.46%	-12.45%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-18.66%	-18.66%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-43.91%	-43.93%	+0.02%
Max Drawdown (10Y) Largest decline over 10 years	-43.91%	-43.93%	+0.02%
Current Drawdown Current decline from peak	-2.16%	-2.16%	0.00%
Average Drawdown Average peak-to-trough decline	-7.34%	-22.08%	+14.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	3.16%	+0.01%

Volatility

GGGIX vs. GICPX - Volatility Comparison

Gabelli Global Growth Fund Class I (GGGIX) and Gabelli Global Growth Fund (GICPX) have volatilities of 5.25% and 5.24%, 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

	GGGIX	GICPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.25%	5.24%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	11.49%	11.50%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	13.97%	13.99%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.16%	22.21%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.78%	20.81%	-0.03%

GGGIX vs. GICPX - Expense Ratio Comparison

Both GGGIX and GICPX have an expense ratio of 0.90%.

Dividends

GGGIX vs. GICPX - Dividend Comparison

GGGIX's dividend yield for the trailing twelve months is around 13.40%, which matches GICPX's 13.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGGIX Gabelli Global Growth Fund Class I	13.40%	13.82%	2.41%	0.29%	0.18%	4.10%	2.31%	9.87%	8.25%	3.11%	7.83%	6.39%
GICPX Gabelli Global Growth Fund	13.43%	13.85%	0.00%	0.30%	0.18%	4.21%	2.37%	10.11%	8.42%	3.16%	7.08%	5.73%

Frequently Asked Questions

Can I hold both GGGIX and GICPX in my portfolio?

With a correlation of 1.00, GGGIX and GICPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GGGIX or GICPX?

GGGIX has higher volatility (5.25%) compared to GICPX (5.24%). In terms of maximum drawdown, GGGIX dropped -43.91% vs GICPX's -72.92%.

Which has better risk-adjusted returns?

GGGIX currently has the higher Sharpe Ratio (0.96 vs 0.96), 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.