GICPX vs. RSP
Compare and contrast key facts about Gabelli Global Growth Fund (GICPX) and Invesco S&P 500® Equal Weight ETF (RSP).
GICPX is managed by Gabelli. It was launched on Feb 6, 1994. RSP is a passively managed fund by Invesco that tracks the performance of the S&P Equal Weight Index. It was launched on Apr 30, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GICPX or RSP.
Correlation
The correlation between GICPX and RSP is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GICPX vs. RSP - Performance Comparison
Key characteristics
GICPX:
0.45
RSP:
0.34
GICPX:
0.75
RSP:
0.60
GICPX:
1.10
RSP:
1.08
GICPX:
0.51
RSP:
0.33
GICPX:
1.71
RSP:
1.25
GICPX:
5.58%
RSP:
4.65%
GICPX:
21.26%
RSP:
17.09%
GICPX:
-74.90%
RSP:
-59.92%
GICPX:
-9.11%
RSP:
-9.10%
Returns By Period
In the year-to-date period, GICPX achieves a -2.50% return, which is significantly higher than RSP's -3.01% return. Over the past 10 years, GICPX has underperformed RSP with an annualized return of 6.15%, while RSP has yielded a comparatively higher 9.35% annualized return.
GICPX
-2.50%
2.43%
-3.10%
11.19%
11.05%
6.15%
RSP
-3.01%
-2.36%
-4.29%
6.64%
14.72%
9.35%
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GICPX vs. RSP - Expense Ratio Comparison
GICPX has a 0.90% expense ratio, which is higher than RSP's 0.20% expense ratio.
Risk-Adjusted Performance
GICPX vs. RSP — Risk-Adjusted Performance Rank
GICPX
RSP
GICPX vs. RSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Global Growth Fund (GICPX) and Invesco S&P 500® Equal Weight ETF (RSP). 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.
Dividends
GICPX vs. RSP - Dividend Comparison
GICPX's dividend yield for the trailing twelve months is around 0.19%, less than RSP's 1.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GICPX Gabelli Global Growth Fund | 0.19% | 0.18% | 0.30% | 0.00% | 0.04% | 0.20% | 0.00% | 0.00% | 0.00% | 0.50% | 0.07% | 0.39% |
RSP Invesco S&P 500® Equal Weight ETF | 1.66% | 1.52% | 1.63% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% | 1.46% |
Drawdowns
GICPX vs. RSP - Drawdown Comparison
The maximum GICPX drawdown since its inception was -74.90%, which is greater than RSP's maximum drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for GICPX and RSP. For additional features, visit the drawdowns tool.
Volatility
GICPX vs. RSP - Volatility Comparison
Gabelli Global Growth Fund (GICPX) and Invesco S&P 500® Equal Weight ETF (RSP) have volatilities of 12.17% and 12.69%, 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.