GWSAX vs. GABUX

Last updated Jun 4, 2026

GWSAX (Gabelli Focused Growth and Income Fund) and GABUX (Gabelli Utilities Fund) are both mutual funds - GWSAX is a Mid Cap Blend Equities fund managed by Gabelli, while GABUX is a Utilities Equities fund managed by Gabelli. Over the past 10 years, GWSAX returned 5.92%/yr vs 6.24%/yr for GABUX. A 0.68 correlation means they provide meaningful diversification when combined. GWSAX charges 1.25%/yr vs 1.39%/yr for GABUX.

Performance

GWSAX vs. GABUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Focused Growth and Income Fund (GWSAX) and Gabelli Utilities Fund (GABUX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GWSAX achieves a 8.60% return, which is significantly higher than GABUX's 7.08% return. Over the past 10 years, GWSAX has underperformed GABUX with an annualized return of 5.92%, while GABUX has yielded a comparatively higher 6.24% annualized return.

GWSAX

• 1D: 0.55%
• 1M: 0.72%
• YTD: 8.60%
• 6M: 9.63%
• 1Y: 16.35%
• 3Y*: 11.18%
• 5Y*: 5.34%
• 10Y*: 5.92%

GABUX

• 1D: 1.47%
• 1M: -3.38%
• YTD: 7.08%
• 6M: 5.88%
• 1Y: 14.88%
• 3Y*: 12.04%
• 5Y*: 6.15%
• 10Y*: 6.24%

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

GWSAX vs. GABUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GWSAX Gabelli Focused Growth and Income Fund	8.60%	2.11%	13.19%	11.90%	-13.71%	27.12%	8.69%	26.78%	-25.30%	17.07%
GABUX Gabelli Utilities Fund	7.08%	16.86%	14.38%	-6.59%	-5.40%	17.44%	-3.45%	18.37%	-2.83%	8.24%

Correlation

The correlation between GWSAX and GABUX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jan 3, 2003	0.68

The correlation between GWSAX and GABUX shifts across timeframes, from 0.51 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GWSAX vs. GABUX — Risk / Return Rank

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

GWSAX

GWSAX Risk / Return Rank: 38
GWSAX Sharpe Ratio Rank: 39
GWSAX Sortino Ratio Rank: 40
GWSAX Omega Ratio Rank: 35
GWSAX Calmar Ratio Rank: 49
GWSAX Martin Ratio Rank: 30

GABUX

GABUX Risk / Return Rank: 27
GABUX Sharpe Ratio Rank: 25
GABUX Sortino Ratio Rank: 23
GABUX Omega Ratio Rank: 23
GABUX Calmar Ratio Rank: 33
GABUX Martin Ratio Rank: 32

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.

GWSAX vs. GABUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Focused Growth and Income Fund (GWSAX) and Gabelli Utilities Fund (GABUX). 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.

	GWSAX	GABUX	Difference
Sharpe ratio Return per unit of total volatility	1.80	1.44	+0.36
Sortino ratio Return per unit of downside risk	2.63	2.01	+0.63
Omega ratio Gain probability vs. loss probability	1.31	1.25	+0.06
Calmar ratio Return relative to maximum drawdown	2.65	2.16	+0.49
Martin ratio Return relative to average drawdown	7.00	7.39	-0.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GWSAX vs. GABUX - Sharpe Ratio Comparison

The current GWSAX Sharpe Ratio is 1.80, which is comparable to the GABUX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of GWSAX and GABUX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GWSAX	GABUX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	1.44	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.42	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.38	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.24	+0.11

Drawdowns

GWSAX vs. GABUX - Drawdown Comparison

The maximum GWSAX drawdown since its inception was -55.75%, which is greater than GABUX's maximum drawdown of -48.88%. Use the drawdown chart below to compare losses from any high point for GWSAX and GABUX.

Drawdown Indicators

	GWSAX	GABUX	Difference
Max Drawdown Largest peak-to-trough decline	-55.75%	-48.88%	-6.87%
Max Drawdown (1Y) Largest decline over 1 year	-6.54%	-7.14%	+0.60%
Max Drawdown (3Y) Largest decline over 3 years	-15.58%	-16.51%	+0.93%
Max Drawdown (5Y) Largest decline over 5 years	-18.91%	-23.98%	+5.07%
Max Drawdown (10Y) Largest decline over 10 years	-50.67%	-33.64%	-17.03%
Current Drawdown Current decline from peak	-0.42%	-5.77%	+5.35%
Average Drawdown Average peak-to-trough decline	-9.26%	-12.15%	+2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	2.08%	+0.39%

Volatility

GWSAX vs. GABUX - Volatility Comparison

The current volatility for Gabelli Focused Growth and Income Fund (GWSAX) is 2.16%, while Gabelli Utilities Fund (GABUX) has a volatility of 3.80%. This indicates that GWSAX experiences smaller price fluctuations and is considered to be less risky than GABUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GWSAX	GABUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.16%	3.80%	-1.64%
Volatility (6M) Calculated over the trailing 6-month period	6.38%	8.44%	-2.06%
Volatility (1Y) Calculated over the trailing 1-year period	9.65%	10.70%	-1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.38%	14.70%	+0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.96%	16.27%	+3.69%

GWSAX vs. GABUX - Expense Ratio Comparison

GWSAX has a 1.25% expense ratio, which is lower than GABUX's 1.39% expense ratio.

Dividends

GWSAX vs. GABUX - Dividend Comparison

GWSAX's dividend yield for the trailing twelve months is around 4.84%, less than GABUX's 18.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABUX Gabelli Utilities Fund	18.31%	18.27%	22.50%	16.89%	13.44%	11.03%	11.58%	9.31%	9.50%	8.45%	9.49%	9.66%
GWSAX Gabelli Focused Growth and Income Fund	4.84%	5.11%	4.39%	4.57%	5.00%	3.90%	0.00%	0.00%	0.09%	0.49%	1.16%	0.00%

Frequently Asked Questions

Can I hold both GWSAX and GABUX in my portfolio?

GWSAX and GABUX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GWSAX or GABUX?

GABUX has higher volatility (3.80%) compared to GWSAX (2.16%). In terms of maximum drawdown, GWSAX dropped -55.75% vs GABUX's -48.88%.

Which has better risk-adjusted returns?

GWSAX currently has the higher Sharpe Ratio (1.80 vs 1.44), 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.