GOLDX vs. OCMAX
GOLDX (Gabelli Gold Fund) and OCMAX (OCM Gold Fund - Atlas Class) are both Gold funds. Both are actively managed. Over the past 10 years, GOLDX returned 10.45%/yr vs 14.15%/yr for OCMAX. Their 0.97 correlation means they have historically moved very closely together. GOLDX charges 1.51%/yr vs 1.88%/yr for OCMAX.
Performance
GOLDX vs. OCMAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GOLDX achieves a -10.82% return, which is significantly lower than OCMAX's -4.81% return. Over the past 10 years, GOLDX has underperformed OCMAX with an annualized return of 10.45%, while OCMAX has yielded a comparatively higher 14.15% annualized return.
GOLDX
- 1D
- 3.25%
- 1M
- -3.19%
- 6M
- -28.68%
- YTD
- -10.82%
- 1Y
- 55.76%
- 3Y*
- 40.50%
- 5Y*
- 19.69%
- 10Y*
- 10.45%
- ALL TIME*
- 7.32%
OCMAX
- 1D
- 3.07%
- 1M
- -1.97%
- 6M
- -12.75%
- YTD
- -4.81%
- 1Y
- 58.60%
- 3Y*
- 47.82%
- 5Y*
- 19.97%
- 10Y*
- 14.15%
- ALL TIME*
- 7.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GOLDX Gabelli Gold Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
GOLDX vs. OCMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOLDX Gabelli Gold Fund | -10.82% | 165.59% | 14.92% | 7.85% | -11.02% | -8.97% | 26.30% | 43.94% | -14.80% | 6.22% |
OCMAX OCM Gold Fund - Atlas Class | -4.81% | 168.37% | 23.87% | 4.82% | -17.28% | -9.16% | 45.45% | 58.42% | -13.25% | 10.55% |
Correlation
The correlation between GOLDX and OCMAX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2010 | 0.97 |
The correlation between GOLDX and OCMAX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GOLDX vs. OCMAX — Risk / Return Rank
GOLDX
OCMAX
GOLDX vs. OCMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Gold Fund (GOLDX) and OCM Gold Fund - Atlas Class (OCMAX). 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.
| GOLDX | OCMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.84 | -0.39 |
| Martin ratioReturn relative to average drawdown | 3.19 | 4.12 | -0.93 |
Loading charts...
Drawdowns
GOLDX vs. OCMAX - Drawdown Comparison
The maximum GOLDX drawdown since its inception was -73.40%, roughly equal to the maximum OCMAX drawdown of -76.26%. Use the drawdown chart below to compare losses from any high point for GOLDX and OCMAX.
Loading charts...
Drawdown Indicators
| GOLDX | OCMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.40% | -76.26% | +2.86% |
Max Drawdown (1Y)Largest decline over 1 year | -39.55% | -32.45% | -7.10% |
Max Drawdown (3Y)Largest decline over 3 years | -39.55% | -32.45% | -7.10% |
Max Drawdown (5Y)Largest decline over 5 years | -44.73% | -44.05% | -0.68% |
Max Drawdown (10Y)Largest decline over 10 years | -49.42% | -45.14% | -4.28% |
Current DrawdownCurrent decline from peak | -34.65% | -27.48% | -7.17% |
Average DrawdownAverage peak-to-trough decline | -34.49% | -36.05% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.94% | 14.48% | +3.46% |
Volatility
GOLDX vs. OCMAX - Volatility Comparison
Gabelli Gold Fund (GOLDX) has a higher volatility of 12.57% compared to OCM Gold Fund - Atlas Class (OCMAX) at 11.95%. This indicates that GOLDX's price experiences larger fluctuations and is considered to be riskier than OCMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GOLDX | OCMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.57% | 11.95% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 38.76% | 35.46% | +3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.08% | 42.20% | +3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.54% | 35.05% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.43% | 34.00% | -1.57% |
GOLDX vs. OCMAX - Expense Ratio Comparison
GOLDX has a 1.51% expense ratio, which is lower than OCMAX's 1.88% expense ratio.
Dividends
GOLDX vs. OCMAX - Dividend Comparison
GOLDX's dividend yield for the trailing twelve months is around 17.46%, more than OCMAX's 6.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLDX Gabelli Gold Fund | 17.46% | 15.57% | 2.11% | 1.13% | 0.00% | 0.00% | 1.69% | 0.83% | 0.34% | 0.51% | 2.18% | 0.00% |
OCMAX OCM Gold Fund - Atlas Class | 6.21% | 5.91% | 2.97% | 0.00% | 0.04% | 0.95% | 1.44% | 5.66% | 24.55% | 6.72% | 18.48% | 0.05% |
Frequently Asked Questions
With a correlation of 0.98, GOLDX and OCMAX 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.
GOLDX has higher volatility (12.57%) compared to OCMAX (11.95%). In terms of maximum drawdown, GOLDX dropped -73.40% vs OCMAX's -76.26%.
OCMAX currently has the higher Sharpe Ratio (1.42 vs 1.25), 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.
Find the right allocation for GOLDX and OCMAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer