FMCX vs GDL

Comparison between FM FOCUS EQUITY ETF (FMCX, ETF) and GDL Fund (GDL, ETF).

FMCX vs GDL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMCX(ETF)	GDL(ETF)
Net Assets	$117M	$117M
Expense Ratio	0.72%	N/A
Max Drawdown	18.54%	71.51%
Sharpe Ratio	0.37	0.24
5Y Beta	0.76	0.10
P/E Ratio	27.30	N/A
Forward P/E	23.06	N/A
PEG Ratio	0.37	N/A
5Y Dividends CAGR	N/A	-4.36%
5Y EPS CAGR	16.66%	N/A
Debt to Equity	4.96%	N/A
P/S Ratio	3.74	N/A
P/B Ratio	5.28	N/A

Net Assets

FMCX

$117M

Winner

GDL

$117M

Expense Ratio

FMCX

0.72%

GDL

N/A

Max Drawdown

Winner

FMCX

18.54%

GDL

71.51%

Sharpe Ratio

Winner

FMCX

0.37

GDL

0.24

5Y Beta

FMCX

0.76

Winner

GDL

0.10

P/E Ratio

FMCX

27.30

GDL

N/A

Forward P/E

FMCX

23.06

GDL

N/A

PEG Ratio

FMCX

0.37

GDL

N/A

5Y Dividends CAGR

FMCX

N/A

GDL

-4.36%

5Y EPS CAGR

FMCX

16.66%

GDL

N/A

Debt to Equity

FMCX

4.96%

GDL

N/A

P/S Ratio

FMCX

3.74

GDL

N/A

P/B Ratio

FMCX

5.28

GDL

N/A

FMCX vs GDL - Historical Returns

Returns include dividend reinvestment.

Period	FMCX	GDL
1 month	+4.75%	-0.24%
3 months	-0.11%	+0.59%
6 months	+7.77%	+0.76%
1 year	+8.91%	+5.52%
5 years(CAGR)	+10.34%	+4.49%
10 years(CAGR)	N/A	+3.83%
Max(CAGR)	+10.34%	+3.26%

Winner

FMCX

+4.75%

GDL

-0.24%

FMCX

-0.11%

Winner

GDL

+0.59%

Winner

FMCX

+7.77%

GDL

+0.76%

Winner

FMCX

+8.91%

GDL

+5.52%

5Y(CAGR)

Winner

FMCX

+10.34%

GDL

+4.49%

10Y(CAGR)

FMCX

N/A

GDL

+3.83%

Max(CAGR)

Winner

FMCX

+10.34%

GDL

+3.26%

FMCX vs GDL - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	FMCX	GDL
2026	+6.38%	+3.19%
2025	+11.52%	+11.53%
2024	+20.26%	+6.46%
2023	+22.02%	+8.16%
2022	-11.16%	-6.27%
2021	N/A	+8.15%
2020	N/A	-0.36%
2019	N/A	+6.91%
2018	N/A	-2.79%
2017	N/A	+4.29%
2016	N/A	+5.32%
2015	N/A	+4.44%
2014	N/A	+0.89%
2013	N/A	+6.69%
2012	N/A	+6.56%
2011	N/A	+5.01%
2010	N/A	+1.10%
2009	N/A	+17.35%
2008	N/A	-9.24%
2007	N/A	-13.32%

FMCX vs GDL Drawdown Comparison

The maximum drawdown for FMCX was -17.70%, occurring on Apr 8, 2025. Recovery took 106 trading sessions.

The maximum drawdown for GDL was -38.67%, occurring on Mar 18, 2020. Recovery took 261 trading sessions.

The current FMCX drawdown is -2.68%. The current GDL drawdown is -1.06%.

Rank	FMCX	GDL
#1	-17.70% Jan 23, 2025 - Jun 26, 2025	-38.67% Jan 15, 2020 - Jan 28, 2021
#2	-17.33% Aug 16, 2022 - Jun 15, 2023	-36.33% Jun 4, 2007 - Mar 17, 2011
#3	-15.15% Apr 25, 2022 - Aug 15, 2022	-14.35% Jun 28, 2011 - Sep 12, 2012
#4	-12.59% Jan 12, 2026 - Apr 30, 2026	-13.30% Oct 12, 2017 - Jan 8, 2020
#5	-11.66% Jul 25, 2023 - Nov 30, 2023	-9.51% Dec 17, 2021 - Dec 14, 2023
#6	-6.71% Jul 16, 2024 - Aug 19, 2024	-7.91% May 13, 2014 - May 13, 2015
#7	-6.22% Oct 6, 2025 - Jan 9, 2026	-7.01% Oct 5, 2012 - Jan 23, 2013
#8	-6.16% Jun 30, 2026 - Aug 4, 2026	-6.41% Jan 5, 2016 - Mar 21, 2016
#9	-6.01% Mar 21, 2024 - Jun 21, 2024	-6.00% Mar 25, 2025 - May 21, 2025
#10	-5.84% Dec 6, 2024 - Jan 22, 2025	-4.89% May 18, 2015 - Dec 22, 2015
#11	-4.26% Aug 30, 2024 - Sep 16, 2024	-4.17% May 20, 2013 - Sep 26, 2013
#12	-4.21% Jun 1, 2026 - Jun 18, 2026	-3.54% Mar 26, 2013 - May 16, 2013
#13	-3.86% Oct 18, 2024 - Nov 7, 2024	-3.34% Dec 26, 2023 - Mar 21, 2024
#14	-3.09% May 8, 2026 - Jun 1, 2026	-3.22% Sep 30, 2016 - Dec 20, 2016
#15	-2.87% Aug 13, 2026 - Aug 24, 2026	-3.22% Feb 2, 2026 - May 14, 2026

Correlation

Correlation between FMCX and GDL is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (2007 - 2026)

FMCX vs GDL dividend yield comparison.

Year	FMCX	GDL
2026	0.08%	2.86%
2025	0.35%	5.67%
2024	2.12%	5.99%
2023	1.34%	5.97%
2022	1.19%	6.12%
2021	0.00%	5.38%
2020	0.00%	5.28%
2019	0.00%	4.30%
2018	0.00%	4.36%
2017	0.00%	5.96%
2016	0.00%	6.50%
2015	0.00%	6.39%
2014	0.00%	7.82%
2013	0.00%	11.62%
2012	0.00%	11.21%
2011	0.00%	19.85%
2010	0.00%	9.57%
2009	0.00%	8.88%
2008	0.00%	12.18%
2007	0.00%	7.50%