GGN vs. GNT
GGN (GAMCO Global Gold, Natural Resources and Income Trust) is Gold fund managed by Gabelli, while GNT (GAMCO Natural Resources, Gold & Income Trust) is a stock. Over the past 10 years, GGN returned 8.01%/yr vs 8.96%/yr for GNT. Their 0.65 correlation means they have sometimes moved together and sometimes differently.
Performance
GGN vs. GNT - Performance Comparison
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Returns By Period
In the year-to-date period, GGN achieves a -1.18% return, which is significantly lower than GNT's 14.02% return. Over the past 10 years, GGN has underperformed GNT with an annualized return of 8.01%, while GNT has yielded a comparatively higher 8.96% annualized return.
GGN
- 1D
- -0.61%
- 1M
- 0.42%
- 6M
- -3.97%
- YTD
- -1.18%
- 1Y
- 18.62%
- 3Y*
- 18.57%
- 5Y*
- 14.12%
- 10Y*
- 8.01%
- ALL TIME*
- 3.97%
GNT
- 1D
- 0.75%
- 1M
- -0.74%
- 6M
- 7.68%
- YTD
- 14.02%
- 1Y
- 39.94%
- 3Y*
- 25.14%
- 5Y*
- 16.57%
- 10Y*
- 8.96%
- ALL TIME*
- 3.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.45M | $2.63M | $2.89M | |
| $957.17K | $836.24K | $952.43K |
GGN vs. GNT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GGN GAMCO Global Gold, Natural Resources and Income Trust | -1.18% | 48.19% | 9.59% | 15.01% | 6.80% | 17.41% | -8.62% | 36.59% | -19.53% | 9.54% |
GNT GAMCO Natural Resources, Gold & Income Trust | 14.02% | 52.39% | 10.47% | 7.79% | 2.84% | 12.01% | -5.47% | 33.76% | -18.54% | 9.73% |
Correlation
The correlation between GGN and GNT is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2011 | 0.65 |
The correlation between GGN and GNT has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.
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Return for Risk
GGN vs. GNT — Risk / Return Rank
GGN
GNT
GGN vs. GNT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GAMCO Global Gold, Natural Resources and Income Trust (GGN) and GAMCO Natural Resources, Gold & Income Trust (GNT). 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.
| GGN | GNT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.32 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 2.52 | -1.43 |
| Martin ratioReturn relative to average drawdown | 2.37 | 6.88 | -4.51 |
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Drawdowns
GGN vs. GNT - Drawdown Comparison
The maximum GGN drawdown since its inception was -73.04%, which is greater than GNT's maximum drawdown of -68.55%. Use the drawdown chart below to compare losses from any high point for GGN and GNT.
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Drawdown Indicators
| GGN | GNT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.04% | -68.55% | -4.49% |
Max Drawdown (1Y)Largest decline over 1 year | -16.94% | -15.74% | -1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -16.94% | -15.74% | -1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -22.08% | -26.74% | +4.66% |
Max Drawdown (10Y)Largest decline over 10 years | -53.04% | -58.63% | +5.59% |
Current DrawdownCurrent decline from peak | -13.78% | -9.65% | -4.13% |
Average DrawdownAverage peak-to-trough decline | -31.65% | -25.39% | -6.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.75% | 5.75% | +2.00% |
Volatility
GGN vs. GNT - Volatility Comparison
GAMCO Global Gold, Natural Resources and Income Trust (GGN) has a higher volatility of 5.29% compared to GAMCO Natural Resources, Gold & Income Trust (GNT) at 3.87%. This indicates that GGN's price experiences larger fluctuations and is considered to be riskier than GNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGN | GNT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 3.87% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 19.19% | 18.70% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.68% | 23.07% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.09% | 19.75% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.13% | 24.58% | -1.45% |
Dividends
GGN vs. GNT - Dividend Comparison
GGN's dividend yield for the trailing twelve months is around 7.35%, less than GNT's 8.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGN GAMCO Global Gold, Natural Resources and Income Trust | 7.35% | 6.98% | 9.55% | 10.37% | 9.92% | 9.60% | 13.68% | 13.64% | 16.22% | 11.52% | 15.85% | 17.68% |
GNT GAMCO Natural Resources, Gold & Income Trust | 8.04% | 6.85% | 7.37% | 7.00% | 7.03% | 6.73% | 9.39% | 10.07% | 12.12% | 8.94% | 12.59% | 14.66% |
Frequently Asked Questions
GGN and GNT have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGN has higher volatility (5.29%) compared to GNT (3.87%). In terms of maximum drawdown, GGN dropped -73.04% vs GNT's -68.55%.
GNT currently has the higher Sharpe Ratio (1.72 vs 0.78), 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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