RESGX vs. GABEX

Last updated Aug 5, 2026

RESGX (Glenmede Responsible ESG U.S. Equity Portfolio) and GABEX (Gabelli Equity Income Fund) are both mutual funds - RESGX is a Large Cap Blend Equities fund managed by Glenmede, while GABEX is a Dividend fund managed by Gabelli. Over the past 10 years, RESGX returned 12.18%/yr vs 12.04%/yr for GABEX. Their correlation of 0.88 means they have usually moved in the same direction. RESGX charges 0.85%/yr vs 1.42%/yr for GABEX.

Performance

RESGX vs. GABEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Glenmede Responsible ESG U.S. Equity Portfolio (RESGX) and Gabelli Equity Income Fund (GABEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RESGX achieves a 23.30% return, which is significantly higher than GABEX's 12.81% return. Both investments have delivered pretty close results over the past 10 years, with RESGX having a 12.18% annualized return and GABEX not far behind at 12.04%.

RESGX

• 1D: 0.92%
• 1M: 0.46%
• 6M: 16.23%
• YTD: 23.30%
• 1Y: 34.28%
• 3Y*: 16.86%
• 5Y*: 9.35%
• 10Y*: 12.18%
• ALL TIME*: 12.67%

GABEX

• 1D: 0.77%
• 1M: 2.71%
• 6M: 5.97%
• YTD: 12.81%
• 1Y: 8.00%
• 3Y*: 8.69%
• 5Y*: 6.24%
• 10Y*: 12.04%
• ALL TIME*: 10.59%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GABEX Gabelli Equity Income Fund	$0.00	$0.00	$0.00
RESGX Glenmede Responsible ESG U.S. Equity Portfolio	$0.00	$0.00	$0.00

RESGX vs. GABEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RESGX Glenmede Responsible ESG U.S. Equity Portfolio	23.30%	10.30%	11.40%	15.59%	-14.71%	26.58%	9.57%	24.25%	-6.47%	22.82%
GABEX Gabelli Equity Income Fund	12.81%	4.33%	6.62%	8.25%	-5.22%	23.28%	7.54%	75.11%	-11.37%	15.16%

Correlation

The correlation between RESGX and GABEX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.88

The correlation between RESGX and GABEX shifts across timeframes, from 0.75 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RESGX vs. GABEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RESGX

RESGX Risk / Return Rank: 91
RESGX Sharpe Ratio Rank: 93
RESGX Sortino Ratio Rank: 90
RESGX Omega Ratio Rank: 85
RESGX Calmar Ratio Rank: 95
RESGX Martin Ratio Rank: 93

GABEX

GABEX Risk / Return Rank: 13
GABEX Sharpe Ratio Rank: 14
GABEX Sortino Ratio Rank: 12
GABEX Omega Ratio Rank: 18
GABEX Calmar Ratio Rank: 13
GABEX Martin Ratio Rank: 10

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RESGX vs. GABEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Glenmede Responsible ESG U.S. Equity Portfolio (RESGX) and Gabelli Equity Income Fund (GABEX). 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.

	RESGX	GABEX	Difference
Sharpe ratio: Return per unit of total volatility	2.44	0.61	+1.84
Sortino ratio: Return per unit of downside risk	3.38	0.82	+2.56
Omega ratio: Gain probability vs. loss probability	1.42	1.14	+0.28
Calmar ratio: Return relative to maximum drawdown	4.63	0.70	+3.93
Martin ratio: Return relative to average drawdown	14.52	1.50	+13.02

RESGX vs. GABEX - Sharpe Ratio Comparison

The current RESGX Sharpe Ratio is 2.44, which is higher than the GABEX Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of RESGX and GABEX, 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

RESGX vs. GABEX - Drawdown Comparison

The maximum RESGX drawdown since its inception was -37.80%, smaller than the maximum GABEX drawdown of -52.25%. Use the drawdown chart below to compare losses from any high point for RESGX and GABEX.

Drawdown Indicators

	RESGX	GABEX	Difference
Max Drawdown Largest peak-to-trough decline	-37.80%	-52.25%	+14.45%
Max Drawdown (1Y) Largest decline over 1 year	-7.84%	-13.11%	+5.27%
Max Drawdown (3Y) Largest decline over 3 years	-20.50%	-14.75%	-5.75%
Max Drawdown (5Y) Largest decline over 5 years	-23.58%	-17.59%	-5.99%
Max Drawdown (10Y) Largest decline over 10 years	-37.80%	-37.27%	-0.53%
Current Drawdown Current decline from peak	-3.61%	0.00%	-3.61%
Average Drawdown Average peak-to-trough decline	-4.97%	-5.14%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	6.09%	-3.59%

Volatility

RESGX vs. GABEX - Volatility Comparison

Glenmede Responsible ESG U.S. Equity Portfolio (RESGX) has a higher volatility of 3.53% compared to Gabelli Equity Income Fund (GABEX) at 3.09%. This indicates that RESGX's price experiences larger fluctuations and is considered to be riskier than GABEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RESGX	GABEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	3.09%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	11.32%	9.27%	+2.05%
Volatility (1Y) Calculated over the trailing 1-year period	14.88%	15.15%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.31%	15.19%	+2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.66%	21.28%	-2.62%

RESGX vs. GABEX - Expense Ratio Comparison

RESGX has a 0.85% expense ratio, which is lower than GABEX's 1.42% expense ratio.

Dividends

RESGX vs. GABEX - Dividend Comparison

RESGX's dividend yield for the trailing twelve months is around 6.91%, less than GABEX's 21.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABEX Gabelli Equity Income Fund	21.07%	20.83%	33.06%	23.48%	20.49%	19.96%	32.82%	65.43%	31.87%	17.83%	16.63%	7.78%
RESGX Glenmede Responsible ESG U.S. Equity Portfolio	6.91%	8.24%	13.38%	9.08%	8.17%	9.98%	0.82%	1.90%	5.09%	0.94%	0.72%	0.00%

Frequently Asked Questions

Can I hold both RESGX and GABEX in my portfolio?

RESGX and GABEX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RESGX or GABEX?

RESGX has higher volatility (3.53%) compared to GABEX (3.09%). In terms of maximum drawdown, RESGX dropped -37.80% vs GABEX's -52.25%.

Which has better risk-adjusted returns?

RESGX currently has the higher Sharpe Ratio (2.44 vs 0.61), 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.