GGMMX vs. GLIFX

Last updated Jun 4, 2026

GGMMX (Gabelli Global Mini MitesTM Fund) and GLIFX (Lazard Global Listed Infrastructure Portfolio Institutional Shares) are both Global Equities funds. Over the past 5 years, GGMMX returned 6.99%/yr vs 11.21%/yr for GLIFX. At a 0.43 correlation, their price movements are largely independent. GGMMX charges 0.90%/yr vs 0.97%/yr for GLIFX.

Performance

GGMMX vs. GLIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Global Mini MitesTM Fund (GGMMX) and Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GGMMX achieves a 18.12% return, which is significantly higher than GLIFX's 7.16% return.

GGMMX

• 1D: 0.74%
• 1M: 6.52%
• YTD: 18.12%
• 6M: 20.69%
• 1Y: 34.36%
• 3Y*: 20.47%
• 5Y*: 6.99%
• 10Y*: —

GLIFX

• 1D: -0.15%
• 1M: -2.42%
• YTD: 7.16%
• 6M: 7.57%
• 1Y: 15.86%
• 3Y*: 13.85%
• 5Y*: 11.21%
• 10Y*: 10.21%

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

GGMMX vs. GLIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GGMMX Gabelli Global Mini MitesTM Fund	18.12%	10.57%	1.65%	39.12%	-16.24%	19.30%	15.86%	3.52%
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares	7.16%	23.85%	6.71%	10.89%	-1.33%	19.91%	-4.51%	10.04%

Correlation

The correlation between GGMMX and GLIFX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since May 21, 2019	0.43

The correlation between GGMMX and GLIFX shifts across timeframes, from 0.30 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GGMMX vs. GLIFX — Risk / Return Rank

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

GGMMX

GGMMX Risk / Return Rank: 77
GGMMX Sharpe Ratio Rank: 79
GGMMX Sortino Ratio Rank: 77
GGMMX Omega Ratio Rank: 60
GGMMX Calmar Ratio Rank: 88
GGMMX Martin Ratio Rank: 81

GLIFX

GLIFX Risk / Return Rank: 23
GLIFX Sharpe Ratio Rank: 25
GLIFX Sortino Ratio Rank: 21
GLIFX Omega Ratio Rank: 26
GLIFX Calmar Ratio Rank: 22
GLIFX Martin Ratio Rank: 23

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.

GGMMX vs. GLIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Global Mini MitesTM Fund (GGMMX) and Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX). 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.

	GGMMX	GLIFX	Difference
Sharpe ratio: Return per unit of total volatility	2.59	1.43	+1.16
Sortino ratio: Return per unit of downside risk	3.69	1.95	+1.75
Omega ratio: Gain probability vs. loss probability	1.43	1.27	+0.17
Calmar ratio: Return relative to maximum drawdown	4.43	1.70	+2.72
Martin ratio: Return relative to average drawdown	15.23	5.71	+9.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GGMMX vs. GLIFX - Sharpe Ratio Comparison

The current GGMMX Sharpe Ratio is 2.59, which is higher than the GLIFX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of GGMMX and GLIFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GGMMX	GLIFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	1.43	+1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	1.03	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.84	-0.24

Drawdowns

GGMMX vs. GLIFX - Drawdown Comparison

The maximum GGMMX drawdown since its inception was -40.23%, which is greater than GLIFX's maximum drawdown of -29.65%. Use the drawdown chart below to compare losses from any high point for GGMMX and GLIFX.

Drawdown Indicators

	GGMMX	GLIFX	Difference
Max Drawdown Largest peak-to-trough decline	-40.23%	-29.65%	-10.58%
Max Drawdown (1Y) Largest decline over 1 year	-8.11%	-9.00%	+0.89%
Max Drawdown (3Y) Largest decline over 3 years	-23.46%	-10.02%	-13.44%
Max Drawdown (5Y) Largest decline over 5 years	-31.83%	-17.15%	-14.68%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.65%	—
Current Drawdown Current decline from peak	-0.37%	-5.93%	+5.56%
Average Drawdown Average peak-to-trough decline	-9.84%	-3.36%	-6.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	2.68%	-0.33%

Volatility

GGMMX vs. GLIFX - Volatility Comparison

Gabelli Global Mini MitesTM Fund (GGMMX) has a higher volatility of 5.83% compared to Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) at 4.46%. This indicates that GGMMX's price experiences larger fluctuations and is considered to be riskier than GLIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGMMX	GLIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.83%	4.46%	+1.37%
Volatility (6M) Calculated over the trailing 6-month period	10.23%	9.27%	+0.96%
Volatility (1Y) Calculated over the trailing 1-year period	13.87%	10.72%	+3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.78%	10.99%	+6.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.05%	13.32%	+6.73%

GGMMX vs. GLIFX - Expense Ratio Comparison

GGMMX has a 0.90% expense ratio, which is lower than GLIFX's 0.97% expense ratio.

Dividends

GGMMX vs. GLIFX - Dividend Comparison

GGMMX's dividend yield for the trailing twelve months is around 5.73%, less than GLIFX's 6.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGMMX Gabelli Global Mini MitesTM Fund	5.73%	6.77%	0.00%	11.14%	6.22%	14.98%	0.54%	3.96%	0.00%	0.00%	0.00%	0.00%
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares	6.30%	6.22%	4.26%	2.95%	14.81%	6.21%	2.59%	4.44%	14.29%	6.94%	1.91%	11.33%

Frequently Asked Questions

Can I hold both GGMMX and GLIFX in my portfolio?

GGMMX and GLIFX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GGMMX or GLIFX?

GGMMX has higher volatility (5.83%) compared to GLIFX (4.46%). In terms of maximum drawdown, GGMMX dropped -40.23% vs GLIFX's -29.65%.

Which has better risk-adjusted returns?

GGMMX currently has the higher Sharpe Ratio (2.59 vs 1.43), 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.