GOLDX vs. SPY
Compare and contrast key facts about Gabelli Gold Fund (GOLDX) and State Street SPDR S&P 500 ETF (SPY).
GOLDX is managed by Gabelli. It was launched on Jul 10, 1994. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
GOLDX vs. SPY - Performance Comparison
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GOLDX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOLDX Gabelli Gold Fund | -0.94% | 165.59% | 14.92% | 7.85% | -11.02% | -8.97% | 26.30% | 43.94% | -14.80% | 6.22% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, GOLDX achieves a -0.94% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, GOLDX has outperformed SPY with an annualized return of 16.72%, while SPY has yielded a comparatively lower 13.98% annualized return.
GOLDX
- 1D
- 0.00%
- 1M
- -27.25%
- YTD
- -0.94%
- 6M
- 19.76%
- 1Y
- 98.89%
- 3Y*
- 43.60%
- 5Y*
- 25.06%
- 10Y*
- 16.72%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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GOLDX vs. SPY - Expense Ratio Comparison
GOLDX has a 1.51% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
GOLDX vs. SPY — Risk / Return Rank
GOLDX
SPY
GOLDX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Gold Fund (GOLDX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.38 | 0.93 | +1.45 |
Sortino ratioReturn per unit of downside risk | 2.59 | 1.45 | +1.14 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.22 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 3.25 | 1.53 | +1.73 |
Martin ratioReturn relative to average drawdown | 12.71 | 7.30 | +5.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GOLDX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 0.93 | +1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.69 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.78 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.56 | -0.33 |
Correlation
The correlation between GOLDX and SPY is 0.19, 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.
Dividends
GOLDX vs. SPY - Dividend Comparison
GOLDX's dividend yield for the trailing twelve months is around 15.72%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLDX Gabelli Gold Fund | 15.72% | 15.57% | 2.11% | 1.13% | 0.00% | 0.00% | 1.69% | 0.83% | 0.34% | 0.51% | 2.18% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
GOLDX vs. SPY - Drawdown Comparison
The maximum GOLDX drawdown since its inception was -73.40%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GOLDX and SPY.
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Drawdown Indicators
| GOLDX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.40% | -55.19% | -18.21% |
Max Drawdown (1Y)Largest decline over 1 year | -31.96% | -12.05% | -19.91% |
Max Drawdown (5Y)Largest decline over 5 years | -44.73% | -24.50% | -20.23% |
Max Drawdown (10Y)Largest decline over 10 years | -49.42% | -33.72% | -15.70% |
Current DrawdownCurrent decline from peak | -27.41% | -6.24% | -21.17% |
Average DrawdownAverage peak-to-trough decline | -34.58% | -9.09% | -25.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.18% | 2.52% | +5.66% |
Volatility
GOLDX vs. SPY - Volatility Comparison
Gabelli Gold Fund (GOLDX) has a higher volatility of 15.86% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that GOLDX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOLDX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.86% | 5.31% | +10.55% |
Volatility (6M)Calculated over the trailing 6-month period | 35.05% | 9.47% | +25.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.34% | 19.05% | +23.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.76% | 17.06% | +14.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.17% | 17.92% | +14.25% |