GRX vs. ASA

Last updated Jul 4, 2026

GRX (The Gabelli Healthcare & Wellness Trust) and ASA (ASA Gold and Precious Metals Limited) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, GRX returned 5.00%/yr vs 13.49%/yr for ASA. At a 0.15 correlation, their price movements are largely independent.

Performance

GRX vs. ASA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Gabelli Healthcare & Wellness Trust (GRX) and ASA Gold and Precious Metals Limited (ASA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GRX achieves a 4.08% return, which is significantly higher than ASA's -8.64% return. Over the past 10 years, GRX has underperformed ASA with an annualized return of 5.00%, while ASA has yielded a comparatively higher 13.49% annualized return.

GRX

• 1D: 2.01%
• 1M: 10.95%
• 6M: 4.02%
• YTD: 4.08%
• 1Y: 7.78%
• 3Y*: 6.03%
• 5Y*: -0.16%
• 10Y*: 5.00%

ASA

• 1D: 4.03%
• 1M: -10.31%
• 6M: -6.41%
• YTD: -8.64%
• 1Y: 69.83%
• 3Y*: 53.74%
• 5Y*: 20.28%
• 10Y*: 13.49%

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

GRX vs. ASA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GRX The Gabelli Healthcare & Wellness Trust	4.08%	7.03%	9.58%	-3.32%	-19.95%	22.07%	9.83%	31.31%	-5.75%	15.08%
ASA ASA Gold and Precious Metals Limited	-8.64%	195.60%	34.55%	5.38%	-32.06%	-3.48%	60.65%	44.35%	-16.18%	2.89%

Correlation

The correlation between GRX and ASA is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since Jun 19, 2007	0.15

Fundamentals

Market Cap GRX : $145.39M ASA : $1.02B
EPS GRX : $0.13 ASA : $42.09
PE Ratio GRX : 73.82 ASA : 1.29
PEG Ratio GRX : 0.71 ASA : 0.00
PS Ratio GRX : 4.89 ASA : 7.47
PB Ratio GRX : 0.94 ASA : 0.93
Total Revenue (TTM) GRX : $30.34M ASA : $137.30M
Gross Profit (TTM) GRX : $17.52M ASA : $3.98M
EBITDA (TTM) GRX : $7.42M ASA : $444.29M

Return for Risk

GRX vs. ASA — Risk / Return Rank

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

GRX

GRX Risk / Return Rank: 61
GRX Sharpe Ratio Rank: 66
GRX Sortino Ratio Rank: 58
GRX Omega Ratio Rank: 57
GRX Calmar Ratio Rank: 63
GRX Martin Ratio Rank: 63

ASA

ASA Risk / Return Rank: 78
ASA Sharpe Ratio Rank: 83
ASA Sortino Ratio Rank: 76
ASA Omega Ratio Rank: 77
ASA Calmar Ratio Rank: 77
ASA Martin Ratio Rank: 78

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.

GRX vs. ASA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Gabelli Healthcare & Wellness Trust (GRX) and ASA Gold and Precious Metals Limited (ASA). 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.

	GRX	ASA	Difference
Sharpe ratio: Return per unit of total volatility	0.67	1.43	-0.76
Sortino ratio: Return per unit of downside risk	1.01	1.85	-0.84
Omega ratio: Gain probability vs. loss probability	1.12	1.24	-0.12
Calmar ratio: Return relative to maximum drawdown	0.85	1.96	-1.11
Martin ratio: Return relative to average drawdown	1.83	4.79	-2.95

GRX vs. ASA - Sharpe Ratio Comparison

The current GRX Sharpe Ratio is 0.67, which is lower than the ASA Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of GRX and ASA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GRX vs. ASA - Drawdown Comparison

The maximum GRX drawdown since its inception was -64.35%, smaller than the maximum ASA drawdown of -80.36%. Use the drawdown chart below to compare losses from any high point for GRX and ASA.

Drawdown Indicators

	GRX	ASA	Difference
Max Drawdown Largest peak-to-trough decline	-64.35%	-80.36%	+16.01%
Max Drawdown (1Y) Largest decline over 1 year	-9.49%	-35.94%	+26.45%
Max Drawdown (3Y) Largest decline over 3 years	-22.26%	-35.94%	+13.68%
Max Drawdown (5Y) Largest decline over 5 years	-37.34%	-48.43%	+11.09%
Max Drawdown (10Y) Largest decline over 10 years	-37.34%	-51.66%	+14.32%
Current Drawdown Current decline from peak	-6.30%	-32.94%	+26.64%
Average Drawdown Average peak-to-trough decline	-17.47%	-42.52%	+25.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	14.69%	-10.32%

Volatility

GRX vs. ASA - Volatility Comparison

The current volatility for The Gabelli Healthcare & Wellness Trust (GRX) is 3.50%, while ASA Gold and Precious Metals Limited (ASA) has a volatility of 16.78%. This indicates that GRX experiences smaller price fluctuations and is considered to be less risky than ASA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRX	ASA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	16.78%	-13.28%
Volatility (6M) Calculated over the trailing 6-month period	8.46%	41.15%	-32.69%
Volatility (1Y) Calculated over the trailing 1-year period	12.01%	49.34%	-37.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	35.68%	-19.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.40%	35.58%	-18.18%

Dividends

GRX vs. ASA - Dividend Comparison

GRX's dividend yield for the trailing twelve months is around 7.04%, more than ASA's 0.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASA ASA Gold and Precious Metals Limited	0.13%	0.10%	0.20%	0.13%	0.14%	0.09%	0.09%	0.15%	0.32%	0.35%	0.36%	0.56%
GRX The Gabelli Healthcare & Wellness Trust	7.04%	6.85%	6.22%	6.43%	5.84%	7.07%	4.85%	4.86%	5.62%	5.04%	5.51%	4.98%

Financials

Frequently Asked Questions

Can I hold both GRX and ASA in my portfolio?

GRX and ASA have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GRX or ASA?

ASA has higher volatility (16.78%) compared to GRX (3.50%). In terms of maximum drawdown, GRX dropped -64.35% vs ASA's -80.36%.

Which has better risk-adjusted returns?

ASA currently has the higher Sharpe Ratio (1.43 vs 0.67), 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.