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 0.81, 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:
1.34
RSP:
1.49
GICPX:
1.84
RSP:
2.11
GICPX:
1.24
RSP:
1.26
GICPX:
1.49
RSP:
2.30
GICPX:
7.26
RSP:
6.19
GICPX:
3.20%
RSP:
2.73%
GICPX:
17.33%
RSP:
11.33%
GICPX:
-74.90%
RSP:
-59.92%
GICPX:
-0.40%
RSP:
-3.15%
Returns By Period
In the year-to-date period, GICPX achieves a 6.85% return, which is significantly higher than RSP's 3.34% return. Over the past 10 years, GICPX has underperformed RSP with an annualized return of 7.23%, while RSP has yielded a comparatively higher 10.04% annualized return.
GICPX
6.85%
3.84%
9.54%
21.61%
10.24%
7.23%
RSP
3.34%
0.58%
6.02%
14.93%
10.78%
10.04%
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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 0.17%, less than RSP's 1.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GICPX Gabelli Global Growth Fund | 0.17% | 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 | 1.47% | 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) has a higher volatility of 5.10% compared to Invesco S&P 500® Equal Weight ETF (RSP) at 2.62%. This indicates that GICPX's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.