GICPX vs. GGGIX

Last updated Jun 5, 2026

GICPX (Gabelli Global Growth Fund) and GGGIX (Gabelli Global Growth Fund Class I) are both mutual funds - GICPX is a Global Equities fund managed by Gabelli, while GGGIX is a Large Cap Growth Equities fund actively managed by Gabelli. Over the past 10 years, GICPX returned 13.17%/yr vs 13.63%/yr for GGGIX. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.90% expense ratio.

Performance

GICPX vs. GGGIX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with GICPX having a 4.13% return and GGGIX slightly higher at 4.14%. Both investments have delivered pretty close results over the past 10 years, with GICPX having a 13.17% annualized return and GGGIX not far ahead at 13.63%.

GICPX

• 1D: -0.88%
• 1M: 2.35%
• YTD: 4.13%
• 6M: 4.08%
• 1Y: 13.03%
• 3Y*: 18.25%
• 5Y*: 7.87%
• 10Y*: 13.17%

GGGIX

• 1D: -0.89%
• 1M: 2.36%
• YTD: 4.14%
• 6M: 4.09%
• 1Y: 13.05%
• 3Y*: 19.18%
• 5Y*: 8.39%
• 10Y*: 13.63%

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

GICPX vs. GGGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GICPX Gabelli Global Growth Fund	4.13%	13.90%	26.70%	34.47%	-37.45%	21.09%	35.45%	30.76%	-2.73%	29.02%
GGGIX Gabelli Global Growth Fund Class I	4.14%	13.90%	29.68%	34.48%	-37.43%	21.09%	35.41%	31.07%	-2.31%	29.85%

Correlation

The correlation between GICPX and GGGIX 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 5, 2009	1.00

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

Return for Risk

GICPX vs. GGGIX — Risk / Return Rank

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

GICPX

GICPX Risk / Return Rank: 14
GICPX Sharpe Ratio Rank: 15
GICPX Sortino Ratio Rank: 15
GICPX Omega Ratio Rank: 13
GICPX Calmar Ratio Rank: 12
GICPX Martin Ratio Rank: 16

GGGIX

GGGIX Risk / Return Rank: 15
GGGIX Sharpe Ratio Rank: 15
GGGIX Sortino Ratio Rank: 15
GGGIX Omega Ratio Rank: 14
GGGIX Calmar Ratio Rank: 12
GGGIX 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.

GICPX vs. GGGIX - Risk-Adjusted Trends Comparison

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

	GICPX	GGGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.04	1.05	0.00
Sortino ratio: Return per unit of downside risk	1.54	1.55	-0.01
Omega ratio: Gain probability vs. loss probability	1.19	1.19	0.00
Calmar ratio: Return relative to maximum drawdown	1.11	1.11	0.00
Martin ratio: Return relative to average drawdown	4.42	4.42	0.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GICPX vs. GGGIX - Sharpe Ratio Comparison

The current GICPX Sharpe Ratio is 1.04, which is comparable to the GGGIX Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of GICPX and GGGIX, 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

	GICPX	GGGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	1.05	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.38	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.66	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.62	-0.13

Drawdowns

GICPX vs. GGGIX - Drawdown Comparison

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

Drawdown Indicators

	GICPX	GGGIX	Difference
Max Drawdown Largest peak-to-trough decline	-72.92%	-43.91%	-29.01%
Max Drawdown (1Y) Largest decline over 1 year	-12.45%	-12.46%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-18.66%	-18.66%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-43.93%	-43.91%	-0.02%
Max Drawdown (10Y) Largest decline over 10 years	-43.93%	-43.91%	-0.02%
Current Drawdown Current decline from peak	-1.21%	-1.22%	+0.01%
Average Drawdown Average peak-to-trough decline	-22.12%	-7.35%	-14.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	3.11%	0.00%

Volatility

GICPX vs. GGGIX - Volatility Comparison

Gabelli Global Growth Fund (GICPX) and Gabelli Global Growth Fund Class I (GGGIX) have volatilities of 3.43% and 3.43%, 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

	GICPX	GGGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	3.43%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	10.69%	10.67%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	13.21%	13.19%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.13%	22.08%	+0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.76%	20.74%	+0.02%

GICPX vs. GGGIX - Expense Ratio Comparison

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

Dividends

GICPX vs. GGGIX - Dividend Comparison

GICPX's dividend yield for the trailing twelve months is around 13.30%, which matches GGGIX's 13.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGGIX Gabelli Global Growth Fund Class I	13.27%	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	13.30%	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 GICPX and GGGIX in my portfolio?

With a correlation of 1.00, GICPX and GGGIX 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, GICPX or GGGIX?

GGGIX has higher volatility (3.43%) compared to GICPX (3.43%). In terms of maximum drawdown, GICPX dropped -72.92% vs GGGIX's -43.91%.

Which has better risk-adjusted returns?

GGGIX currently has the higher Sharpe Ratio (1.05 vs 1.04), 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.