SFPAX vs. GFSIX
SFPAX (Saratoga Financial Service Fund) and GFSIX (Gabelli Global Financial Services Fund) are both Financials Equities funds from BlackRock. Over the past 5 years, SFPAX returned 6.22%/yr vs 18.10%/yr for GFSIX. Their correlation of 0.81 suggests significant overlap in exposure. SFPAX charges 3.81%/yr vs 1.00%/yr for GFSIX.
Performance
SFPAX vs. GFSIX - Performance Comparison
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Returns By Period
SFPAX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 0.82%
- 3Y*
- 15.10%
- 5Y*
- 6.22%
- 10Y*
- 9.04%
GFSIX
- 1D
- 0.35%
- 1M
- 1.64%
- 6M
- 6.97%
- YTD
- 8.28%
- 1Y
- 25.00%
- 3Y*
- 28.33%
- 5Y*
- 18.10%
- 10Y*
- —
SFPAX vs. GFSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SFPAX Saratoga Financial Service Fund | 0.00% | 7.00% | 26.05% | 10.58% | -14.36% | 31.17% | -5.81% | 29.63% | -16.25% |
GFSIX Gabelli Global Financial Services Fund | 8.28% | 36.58% | 28.17% | 25.77% | -11.12% | 29.11% | -1.28% | 9.12% | 0.39% |
Correlation
The correlation between SFPAX and GFSIX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2018 | 0.81 |
Over the past year, the correlation between SFPAX and GFSIX has dropped to 0.37 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
SFPAX vs. GFSIX — Risk / Return Rank
SFPAX
GFSIX
SFPAX vs. GFSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Financial Service Fund (SFPAX) and Gabelli Global Financial Services Fund (GFSIX). 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.
| SFPAX | GFSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.34 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 2.58 | -2.79 |
| Martin ratioReturn relative to average drawdown | -0.42 | 8.36 | -8.78 |
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Drawdowns
SFPAX vs. GFSIX - Drawdown Comparison
The maximum SFPAX drawdown since its inception was -71.98%, which is greater than GFSIX's maximum drawdown of -46.39%. Use the drawdown chart below to compare losses from any high point for SFPAX and GFSIX.
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Drawdown Indicators
| SFPAX | GFSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.98% | -46.39% | -25.59% |
Max Drawdown (1Y)Largest decline over 1 year | -4.86% | -9.42% | +4.56% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -14.49% | -3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -28.07% | +0.56% |
Max Drawdown (10Y)Largest decline over 10 years | -45.64% | — | — |
Current DrawdownCurrent decline from peak | -2.65% | -0.69% | -1.96% |
Average DrawdownAverage peak-to-trough decline | -20.91% | -7.51% | -13.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.89% | -0.57% |
Volatility
SFPAX vs. GFSIX - Volatility Comparison
The current volatility for Saratoga Financial Service Fund (SFPAX) is 0.00%, while Gabelli Global Financial Services Fund (GFSIX) has a volatility of 3.22%. This indicates that SFPAX experiences smaller price fluctuations and is considered to be less risky than GFSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SFPAX | GFSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.22% | -3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | 9.60% | -7.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.20% | 12.62% | -3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 17.30% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.51% | 21.67% | +0.84% |
SFPAX vs. GFSIX - Expense Ratio Comparison
SFPAX has a 3.81% expense ratio, which is higher than GFSIX's 1.00% expense ratio.
Dividends
SFPAX vs. GFSIX - Dividend Comparison
SFPAX has not paid dividends to shareholders, while GFSIX's dividend yield for the trailing twelve months is around 1.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GFSIX Gabelli Global Financial Services Fund | 1.71% | 1.85% | 2.44% | 2.68% | 2.96% | 2.11% | 1.58% | 2.69% | 0.39% |
SFPAX Saratoga Financial Service Fund | 0.00% | 0.00% | 5.91% | 5.05% | 5.71% | 5.03% | 4.18% | 7.10% | 22.58% |
Frequently Asked Questions
SFPAX and GFSIX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GFSIX has higher volatility (3.22%) compared to SFPAX (0.00%). In terms of maximum drawdown, SFPAX dropped -71.98% vs GFSIX's -46.39%.
GFSIX currently has the higher Sharpe Ratio (1.92 vs -0.11), 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.
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