GOLDX vs. CNYUSD=X

Last updated Apr 3, 2026

Compare and contrast key facts about Gabelli Gold Fund (GOLDX) and CNY/USD (CNYUSD=X).

GOLDX is managed by Gabelli. It was launched on Jul 10, 1994.

Performance

GOLDX vs. CNYUSD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Gold Fund (GOLDX) and CNY/USD (CNYUSD=X). The values are adjusted to include any dividend payments, if applicable.

GOLDX vs. CNYUSD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GOLDX Gabelli Gold Fund	11.06%	165.59%	14.92%	7.85%	-11.02%	-8.97%	26.30%	43.94%	-14.80%	6.22%
CNYUSD=X CNY/USD	1.65%	4.38%	-2.76%	-2.80%	-7.92%	2.73%	6.69%	-1.24%	-5.34%	6.67%

Returns By Period

In the year-to-date period, GOLDX achieves a 11.06% return, which is significantly higher than CNYUSD=X's 1.65% return. Over the past 10 years, GOLDX has outperformed CNYUSD=X with an annualized return of 18.06%, while CNYUSD=X has yielded a comparatively lower -0.60% annualized return.

GOLDX

• 1D: 4.88%
• 1M: -12.04%
• YTD: 11.06%
• 6M: 32.21%
• 1Y: 123.16%
• 3Y*: 49.18%
• 5Y*: 26.96%
• 10Y*: 18.06%

CNYUSD=X

• 1D: -0.11%
• 1M: 0.29%
• YTD: 1.65%
• 6M: 3.48%
• 1Y: 5.64%
• 3Y*: -0.01%
• 5Y*: -0.93%
• 10Y*: -0.60%

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

Return for Risk

GOLDX vs. CNYUSD=X — Risk / Return Rank

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

GOLDX

GOLDX Risk / Return Rank: 95
GOLDX Sharpe Ratio Rank: 98
GOLDX Sortino Ratio Rank: 93
GOLDX Omega Ratio Rank: 91
GOLDX Calmar Ratio Rank: 96
GOLDX Martin Ratio Rank: 95

CNYUSD=X

CNYUSD=X Risk / Return Rank: 98
CNYUSD=X Sharpe Ratio Rank: 99
CNYUSD=X Sortino Ratio Rank: 99
CNYUSD=X Omega Ratio Rank: 99
CNYUSD=X Calmar Ratio Rank: 96
CNYUSD=X Martin Ratio Rank: 98

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.

GOLDX vs. CNYUSD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Gold Fund (GOLDX) and CNY/USD (CNYUSD=X). 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.

	GOLDX	CNYUSD=X	Difference
Sharpe ratio Return per unit of total volatility	2.89	1.76	+1.13
Sortino ratio Return per unit of downside risk	2.97	2.88	+0.10
Omega ratio Gain probability vs. loss probability	1.44	1.41	+0.03
Calmar ratio Return relative to maximum drawdown	3.87	3.80	+0.07
Martin ratio Return relative to average drawdown	14.74	12.92	+1.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOLDX vs. CNYUSD=X - Sharpe Ratio Comparison

The current GOLDX Sharpe Ratio is 2.89, which is higher than the CNYUSD=X Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of GOLDX and CNYUSD=X, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GOLDX	CNYUSD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.89	1.76	+1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	-0.22	+1.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	-0.14	+0.70
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.18	+0.06

Correlation

The correlation between GOLDX and CNYUSD=X is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

GOLDX vs. CNYUSD=X - Drawdown Comparison

The maximum GOLDX drawdown since its inception was -73.40%, which is greater than CNYUSD=X's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for GOLDX and CNYUSD=X.

Drawdown Indicators

	GOLDX	CNYUSD=X	Difference
Max Drawdown Largest peak-to-trough decline	-73.40%	-17.74%	-55.66%
Max Drawdown (1Y) Largest decline over 1 year	-31.96%	-1.12%	-30.84%
Max Drawdown (5Y) Largest decline over 5 years	-44.73%	-14.09%	-30.64%
Max Drawdown (10Y) Largest decline over 10 years	-49.42%	-14.70%	-34.72%
Current Drawdown Current decline from peak	-18.61%	-12.19%	-6.42%
Average Drawdown Average peak-to-trough decline	-34.57%	-6.76%	-27.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.38%	0.33%	+8.05%

Volatility

GOLDX vs. CNYUSD=X - Volatility Comparison

Gabelli Gold Fund (GOLDX) has a higher volatility of 17.35% compared to CNY/USD (CNYUSD=X) at 1.11%. This indicates that GOLDX's price experiences larger fluctuations and is considered to be riskier than CNYUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOLDX	CNYUSD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.35%	1.11%	+16.24%
Volatility (6M) Calculated over the trailing 6-month period	35.85%	1.59%	+34.26%
Volatility (1Y) Calculated over the trailing 1-year period	43.01%	2.57%	+40.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.92%	3.96%	+27.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.27%	3.95%	+28.32%