GGGIX vs. VHGEX

Last updated Aug 4, 2026

GGGIX (Gabelli Global Growth Fund Class I) and VHGEX (Vanguard Global Equity Fund) are both mutual funds - GGGIX is a Large Cap Growth Equities fund actively managed by Gabelli, while VHGEX is a Global Equities fund actively managed by Vanguard. Both are actively managed. Over the past 10 years, GGGIX returned 13.36%/yr vs 11.61%/yr for VHGEX. Their correlation of 0.91 means they have usually moved in the same direction. GGGIX charges 0.90%/yr vs 0.45%/yr for VHGEX.

Performance

GGGIX vs. VHGEX - Performance Comparison

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

Returns By Period

In the year-to-date period, GGGIX achieves a 3.96% return, which is significantly lower than VHGEX's 7.52% return. Over the past 10 years, GGGIX has outperformed VHGEX with an annualized return of 13.36%, while VHGEX has yielded a comparatively lower 11.61% annualized return.

GGGIX

• 1D: 1.08%
• 1M: -0.37%
• 6M: 4.15%
• YTD: 3.96%
• 1Y: 9.07%
• 3Y*: 17.35%
• 5Y*: 6.57%
• 10Y*: 13.36%
• ALL TIME*: 12.59%

VHGEX

• 1D: 0.59%
• 1M: 0.64%
• 6M: 5.40%
• YTD: 7.52%
• 1Y: 17.83%
• 3Y*: 14.98%
• 5Y*: 7.24%
• 10Y*: 11.61%
• ALL TIME*: 9.19%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GGGIX Gabelli Global Growth Fund Class I	$0.00	$0.00	$0.00
VHGEX Vanguard Global Equity Fund	$0.00	$0.00	$0.00

GGGIX vs. VHGEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GGGIX Gabelli Global Growth Fund Class I	3.96%	13.90%	29.68%	34.48%	-37.43%	21.09%	35.41%	31.07%	-2.31%	29.85%
VHGEX Vanguard Global Equity Fund	7.52%	21.22%	13.41%	23.52%	-22.72%	13.06%	22.38%	28.73%	-9.15%	27.80%

Correlation

The correlation between GGGIX and VHGEX is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009	0.91

The correlation between GGGIX and VHGEX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

Return for Risk

GGGIX vs. VHGEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GGGIX

GGGIX Risk / Return Rank: 13
GGGIX Sharpe Ratio Rank: 12
GGGIX Sortino Ratio Rank: 12
GGGIX Omega Ratio Rank: 12
GGGIX Calmar Ratio Rank: 12
GGGIX Martin Ratio Rank: 16

VHGEX

VHGEX Risk / Return Rank: 29
VHGEX Sharpe Ratio Rank: 29
VHGEX Sortino Ratio Rank: 28
VHGEX Omega Ratio Rank: 28
VHGEX Calmar Ratio Rank: 28
VHGEX Martin Ratio Rank: 32

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GGGIX vs. VHGEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Global Growth Fund Class I (GGGIX) and Vanguard Global Equity Fund (VHGEX). 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	VHGEX	Difference
Sharpe ratio: Return per unit of total volatility	0.53	1.04	-0.50
Sortino ratio: Return per unit of downside risk	0.85	1.50	-0.65
Omega ratio: Gain probability vs. loss probability	1.10	1.19	-0.08
Calmar ratio: Return relative to maximum drawdown	0.62	1.35	-0.72
Martin ratio: Return relative to average drawdown	2.36	5.05	-2.69

GGGIX vs. VHGEX - Sharpe Ratio Comparison

The current GGGIX Sharpe Ratio is 0.53, which is lower than the VHGEX Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of GGGIX and VHGEX, 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. VHGEX - Drawdown Comparison

The maximum GGGIX drawdown since its inception was -43.91%, smaller than the maximum VHGEX drawdown of -64.81%. Use the drawdown chart below to compare losses from any high point for GGGIX and VHGEX.

Drawdown Indicators

	GGGIX	VHGEX	Difference
Max Drawdown Largest peak-to-trough decline	-43.91%	-64.81%	+20.90%
Max Drawdown (1Y) Largest decline over 1 year	-12.46%	-11.92%	-0.54%
Max Drawdown (3Y) Largest decline over 3 years	-18.66%	-19.21%	+0.55%
Max Drawdown (5Y) Largest decline over 5 years	-43.91%	-33.02%	-10.89%
Max Drawdown (10Y) Largest decline over 10 years	-43.91%	-33.23%	-10.68%
Current Drawdown Current decline from peak	-1.40%	-0.65%	-0.75%
Average Drawdown Average peak-to-trough decline	-7.31%	-9.91%	+2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	3.17%	+0.11%

Volatility

GGGIX vs. VHGEX - Volatility Comparison

Gabelli Global Growth Fund Class I (GGGIX) has a higher volatility of 4.46% compared to Vanguard Global Equity Fund (VHGEX) at 3.89%. This indicates that GGGIX's price experiences larger fluctuations and is considered to be riskier than VHGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGGIX	VHGEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	3.89%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	12.13%	12.32%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	15.49%	-0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.21%	18.43%	+3.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.74%	17.99%	+2.75%

GGGIX vs. VHGEX - Expense Ratio Comparison

GGGIX has a 0.90% expense ratio, which is higher than VHGEX's 0.45% expense ratio.

Dividends

GGGIX vs. VHGEX - Dividend Comparison

GGGIX's dividend yield for the trailing twelve months is around 13.30%, more than VHGEX's 11.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGGIX Gabelli Global Growth Fund Class I	13.30%	13.82%	2.41%	0.29%	0.18%	4.10%	2.31%	9.87%	8.25%	3.11%	7.83%	6.39%
VHGEX Vanguard Global Equity Fund	11.51%	12.38%	4.24%	1.15%	11.32%	10.90%	2.88%	6.20%	8.45%	1.29%	1.51%	1.71%

Frequently Asked Questions

Can I hold both GGGIX and VHGEX in my portfolio?

GGGIX and VHGEX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GGGIX or VHGEX?

GGGIX has higher volatility (4.46%) compared to VHGEX (3.89%). In terms of maximum drawdown, GGGIX dropped -43.91% vs VHGEX's -64.81%.

Which has better risk-adjusted returns?

VHGEX currently has the higher Sharpe Ratio (1.04 vs 0.53), 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.