GUT vs. GABAX
GUT (The Gabelli Utility Trust) and GABAX (Gabelli Asset Fund) are both mutual funds - GUT is a Utilities Equities fund managed by Gabelli, while GABAX is a Large Cap Blend Equities fund managed by Gabelli. Over the past 10 years, GUT returned 9.25%/yr vs 9.62%/yr for GABAX. Their 0.24 correlation means their historical movements had little consistent relationship. GUT charges 0.01%/yr vs 1.33%/yr for GABAX.
Performance
GUT vs. GABAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GUT achieves a 11.38% return, which is significantly higher than GABAX's 10.18% return. Both investments have delivered pretty close results over the past 10 years, with GUT having a 9.25% annualized return and GABAX not far ahead at 9.62%.
GUT
- 1D
- 0.00%
- 1M
- -3.06%
- 6M
- 11.41%
- YTD
- 11.38%
- 1Y
- 16.67%
- 3Y*
- 8.63%
- 5Y*
- 5.18%
- 10Y*
- 9.25%
- ALL TIME*
- 7.32%
GABAX
- 1D
- 0.77%
- 1M
- -0.15%
- 6M
- 5.20%
- YTD
- 10.18%
- 1Y
- 20.45%
- 3Y*
- 11.80%
- 5Y*
- 7.04%
- 10Y*
- 9.62%
- ALL TIME*
- 10.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GABAX Gabelli Asset Fund | $0.00 | $0.00 | $0.00 |
| $1.44M | $1.84M | $1.53M |
GUT vs. GABAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GUT The Gabelli Utility Trust | 11.38% | 33.14% | 6.01% | -21.07% | -1.10% | 9.51% | 13.19% | 42.32% | -7.87% | 22.98% |
GABAX Gabelli Asset Fund | 10.18% | 16.65% | 8.07% | 10.32% | -10.74% | 18.96% | 11.22% | 22.44% | -7.61% | 20.17% |
Correlation
The correlation between GUT and GABAX is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 1999 | 0.24 |
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
GUT vs. GABAX — Risk / Return Rank
GUT
GABAX
GUT vs. GABAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Gabelli Utility Trust (GUT) and Gabelli Asset Fund (GABAX). 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.
| GUT | GABAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.27 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.81 | -0.10 |
| Martin ratioReturn relative to average drawdown | 7.17 | 6.90 | +0.27 |
Loading charts...
Drawdowns
GUT vs. GABAX - Drawdown Comparison
The maximum GUT drawdown since its inception was -52.79%, roughly equal to the maximum GABAX drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for GUT and GABAX.
Loading charts...
Drawdown Indicators
| GUT | GABAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.79% | -55.44% | +2.65% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -10.47% | +0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -29.63% | -15.11% | -14.52% |
Max Drawdown (5Y)Largest decline over 5 years | -33.94% | -21.90% | -12.04% |
Max Drawdown (10Y)Largest decline over 10 years | -42.21% | -36.65% | -5.56% |
Current DrawdownCurrent decline from peak | -8.86% | -0.69% | -8.17% |
Average DrawdownAverage peak-to-trough decline | -8.48% | -5.54% | -2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 2.73% | -0.45% |
Volatility
GUT vs. GABAX - Volatility Comparison
The Gabelli Utility Trust (GUT) has a higher volatility of 7.15% compared to Gabelli Asset Fund (GABAX) at 3.01%. This indicates that GUT's price experiences larger fluctuations and is considered to be riskier than GABAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GUT | GABAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.15% | 3.01% | +4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 12.51% | 10.21% | +2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.06% | 12.72% | +3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.63% | 14.95% | +6.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.83% | 16.43% | +7.40% |
GUT vs. GABAX - Expense Ratio Comparison
GUT has a 0.01% expense ratio, which is lower than GABAX's 1.33% expense ratio.
Dividends
GUT vs. GABAX - Dividend Comparison
GUT's dividend yield for the trailing twelve months is around 9.45%, less than GABAX's 11.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABAX Gabelli Asset Fund | 11.16% | 12.29% | 15.41% | 8.04% | 10.06% | 9.78% | 13.12% | 10.04% | 10.01% | 8.69% | 13.23% | 13.98% |
GUT The Gabelli Utility Trust | 9.45% | 9.95% | 11.73% | 11.07% | 7.99% | 7.28% | 7.39% | 7.72% | 10.10% | 8.45% | 9.52% | 10.53% |
Frequently Asked Questions
GUT and GABAX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GUT has higher volatility (7.15%) compared to GABAX (3.01%). In terms of maximum drawdown, GUT dropped -52.79% vs GABAX's -55.44%.
GABAX currently has the higher Sharpe Ratio (1.49 vs 1.02), 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 GUT and GABAX
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