GWSAX vs. SPY
Compare and contrast key facts about Gabelli Focused Growth and Income Fund (GWSAX) and State Street SPDR S&P 500 ETF (SPY).
GWSAX is managed by Gabelli. It was launched on Dec 31, 2002. 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
GWSAX vs. SPY - Performance Comparison
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GWSAX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GWSAX Gabelli Focused Growth and Income Fund | 5.40% | 2.11% | 13.19% | 11.90% | -13.71% | 27.12% | 8.69% | 26.78% | -25.30% | 17.07% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 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, GWSAX achieves a 5.40% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, GWSAX has underperformed SPY with an annualized return of 6.03%, while SPY has yielded a comparatively higher 14.06% annualized return.
GWSAX
- 1D
- 0.23%
- 1M
- -3.16%
- YTD
- 5.40%
- 6M
- 5.61%
- 1Y
- 6.01%
- 3Y*
- 10.39%
- 5Y*
- 6.14%
- 10Y*
- 6.03%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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GWSAX vs. SPY - Expense Ratio Comparison
GWSAX has a 1.25% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
GWSAX vs. SPY — Risk / Return Rank
GWSAX
SPY
GWSAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Focused Growth and Income Fund (GWSAX) 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.
| GWSAX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.36 | 0.96 | -0.60 |
Sortino ratioReturn per unit of downside risk | 0.56 | 1.49 | -0.93 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.23 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.33 | 1.53 | -1.21 |
Martin ratioReturn relative to average drawdown | 1.09 | 7.27 | -6.18 |
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
| GWSAX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 0.96 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.70 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.79 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.56 | -0.22 |
Correlation
The correlation between GWSAX and SPY is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GWSAX vs. SPY - Dividend Comparison
GWSAX's dividend yield for the trailing twelve months is around 4.95%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWSAX Gabelli Focused Growth and Income Fund | 4.95% | 5.11% | 4.39% | 4.57% | 5.00% | 3.90% | 0.00% | 0.00% | 0.09% | 0.49% | 1.16% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
GWSAX vs. SPY - Drawdown Comparison
The maximum GWSAX drawdown since its inception was -55.75%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GWSAX and SPY.
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Drawdown Indicators
| GWSAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.75% | -55.19% | -0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -12.05% | -1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -18.91% | -24.50% | +5.59% |
Max Drawdown (10Y)Largest decline over 10 years | -50.67% | -33.72% | -16.95% |
Current DrawdownCurrent decline from peak | -3.37% | -5.53% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -9.31% | -9.09% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 2.54% | +1.40% |
Volatility
GWSAX vs. SPY - Volatility Comparison
The current volatility for Gabelli Focused Growth and Income Fund (GWSAX) is 3.03%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that GWSAX experiences smaller price fluctuations and is considered to be less risky 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
| GWSAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 5.35% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 9.50% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.07% | 19.06% | -2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 17.06% | -1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.06% | 17.92% | +2.14% |