SBMAX vs. GWSAX
SBMAX (ClearBridge Mid Cap Fund) and GWSAX (Gabelli Focused Growth and Income Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, SBMAX returned 8.47%/yr vs 6.19%/yr for GWSAX. Their correlation of 0.86 suggests significant overlap in exposure. SBMAX charges 1.13%/yr vs 1.25%/yr for GWSAX.
Performance
SBMAX vs. GWSAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SBMAX achieves a 3.76% return, which is significantly lower than GWSAX's 5.26% return. Over the past 10 years, SBMAX has outperformed GWSAX with an annualized return of 8.47%, while GWSAX has yielded a comparatively lower 6.19% annualized return.
SBMAX
- 1D
- 0.12%
- 1M
- 2.93%
- YTD
- 3.76%
- 6M
- 2.34%
- 1Y
- 7.28%
- 3Y*
- 9.24%
- 5Y*
- 2.37%
- 10Y*
- 8.47%
GWSAX
- 1D
- -0.40%
- 1M
- -2.76%
- YTD
- 5.26%
- 6M
- 5.63%
- 1Y
- 11.14%
- 3Y*
- 9.71%
- 5Y*
- 4.58%
- 10Y*
- 6.19%
SBMAX vs. GWSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBMAX ClearBridge Mid Cap Fund | 3.76% | 4.21% | 9.79% | 13.51% | -25.19% | 28.37% | 16.25% | 32.77% | -12.92% | 12.69% |
GWSAX Gabelli Focused Growth and Income Fund | 5.26% | 2.11% | 13.19% | 11.90% | -13.71% | 27.12% | 8.69% | 26.78% | -25.30% | 17.07% |
Correlation
The correlation between SBMAX and GWSAX is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003 | 0.86 |
Over the past year, the correlation between SBMAX and GWSAX has dropped to 0.60 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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
SBMAX vs. GWSAX — Risk / Return Rank
SBMAX
GWSAX
SBMAX vs. GWSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Mid Cap Fund (SBMAX) and Gabelli Focused Growth and Income Fund (GWSAX). 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.
| SBMAX | GWSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.20 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.76 | -0.96 |
| Martin ratioReturn relative to average drawdown | 2.38 | 4.58 | -2.19 |
Loading charts...
Drawdowns
SBMAX vs. GWSAX - Drawdown Comparison
The maximum SBMAX drawdown since its inception was -52.41%, smaller than the maximum GWSAX drawdown of -55.75%. Use the drawdown chart below to compare losses from any high point for SBMAX and GWSAX.
Loading charts...
Drawdown Indicators
| SBMAX | GWSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.41% | -55.75% | +3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -6.54% | -3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -23.62% | -15.58% | -8.04% |
Max Drawdown (5Y)Largest decline over 5 years | -31.55% | -18.91% | -12.64% |
Max Drawdown (10Y)Largest decline over 10 years | -39.88% | -50.67% | +10.79% |
Current DrawdownCurrent decline from peak | -1.84% | -3.49% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -9.65% | -9.24% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.51% | +0.95% |
Volatility
SBMAX vs. GWSAX - Volatility Comparison
ClearBridge Mid Cap Fund (SBMAX) has a higher volatility of 3.63% compared to Gabelli Focused Growth and Income Fund (GWSAX) at 3.06%. This indicates that SBMAX's price experiences larger fluctuations and is considered to be riskier than GWSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SBMAX | GWSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 3.06% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 11.32% | 6.85% | +4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.50% | 9.84% | +4.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.84% | 15.40% | +4.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.26% | 19.91% | +0.35% |
SBMAX vs. GWSAX - Expense Ratio Comparison
SBMAX has a 1.13% expense ratio, which is lower than GWSAX's 1.25% expense ratio.
Dividends
SBMAX vs. GWSAX - Dividend Comparison
SBMAX's dividend yield for the trailing twelve months is around 8.60%, more than GWSAX's 5.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWSAX Gabelli Focused Growth and Income Fund | 5.00% | 5.11% | 4.39% | 4.57% | 5.00% | 3.90% | 0.00% | 0.00% | 0.09% | 0.49% | 1.16% | 0.00% |
SBMAX ClearBridge Mid Cap Fund | 8.60% | 8.92% | 8.73% | 1.83% | 4.96% | 12.79% | 7.27% | 7.78% | 4.52% | 6.52% | 1.70% | 5.00% |
Frequently Asked Questions
SBMAX and GWSAX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBMAX has higher volatility (3.63%) compared to GWSAX (3.06%). In terms of maximum drawdown, SBMAX dropped -52.41% vs GWSAX's -55.75%.
GWSAX currently has the higher Sharpe Ratio (1.17 vs 0.57), 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 SBMAX and GWSAX
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