GAB vs SPY
Comparison between Gabelli Equity Trust Inc (GAB, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed GAB, delivering a return of +13.3% compared to +6.1%
GAB vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GAB
$1.70B
Winner
SPY
$652B
Expense Ratio
GAB
N/A
SPY
0.09%
Max Drawdown
GAB
82.98%
Winner
SPY
56.47%
Sharpe Ratio
GAB
0.71
Winner
SPY
2.07
5Y Beta
Winner
GAB
0.69
SPY
1.00
P/E Ratio
GAB
N/A
SPY
28.24
Forward P/E
GAB
N/A
SPY
21.85
5Y Dividends CAGR
GAB
5.08%
Winner
SPY
5.43%
5Y EPS CAGR
GAB
N/A
SPY
25.79%
Debt to Equity
GAB
N/A
SPY
22.35%
P/S Ratio
GAB
N/A
SPY
3.55
P/B Ratio
GAB
N/A
SPY
5.29
GAB vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
GAB
+1.43%
Winner
SPY
+9.11%
3M
GAB
-6.19%
Winner
SPY
+6.59%
6M
GAB
+1.14%
Winner
SPY
+10.56%
1Y
GAB
+13.88%
Winner
SPY
+32.04%
5Y(CAGR)
GAB
+6.07%
Winner
SPY
+13.35%
10Y(CAGR)
GAB
+11.53%
Winner
SPY
+15.49%
Max(CAGR)
GAB
+8.03%
Winner
SPY
+8.50%
GAB vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GAB | SPY |
|---|---|---|
| 2026 | -3.57% | +8.27% |
| 2025 | +27.36% | +18.00% |
| 2024 | +18.87% | +25.59% |
| 2023 | +3.80% | +26.72% |
| 2022 | -15.48% | -18.64% |
| 2021 | +32.58% | +30.52% |
| 2020 | +15.15% | +17.28% |
| 2019 | +29.04% | +31.09% |
| 2018 | -8.90% | -5.24% |
| 2017 | +24.03% | +20.78% |
| 2016 | +18.82% | +13.59% |
| 2015 | -8.75% | +1.31% |
| 2014 | -7.66% | +14.56% |
| 2013 | +47.48% | +29.00% |
| 2012 | +21.10% | +14.17% |
| 2011 | -3.68% | +0.85% |
| 2010 | +22.13% | +13.14% |
| 2009 | +50.58% | +22.67% |
| 2008 | -53.99% | -36.25% |
| 2007 | +12.37% | +5.32% |
| 2006 | +27.71% | +13.85% |
| 2005 | -1.82% | +5.32% |
| 2004 | +22.69% | +10.75% |
| 2003 | +24.64% | +24.18% |
| 2002 | -29.96% | -22.42% |
| 2001 | +7.02% | -10.13% |
| 2000 | +1.86% | -8.84% |
| 1999 | +8.65% | +8.61% |
GAB vs SPY Drawdown Comparison
The maximum drawdown for GAB was -74.61%, occurring on Mar 9, 2009. Recovery took 905 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current GAB drawdown is -7.51%.
| Rank | GAB | SPY |
|---|---|---|
| #1 | -74.61% Jul 12, 2007 - Feb 11, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -47.09% May 15, 2002 - Dec 2, 2004 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -46.69% Feb 19, 2020 - Oct 21, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -32.10% Mar 6, 2014 - Feb 14, 2017 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -26.78% Feb 11, 2011 - Mar 12, 2012 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -26.51% Dec 28, 2021 - Aug 30, 2024 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -24.51% Sep 20, 2018 - Apr 16, 2019 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -22.09% Jul 17, 2001 - Mar 8, 2002 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -18.14% Sep 16, 2005 - Aug 31, 2006 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -14.73% Jan 19, 2000 - May 17, 2001 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -12.90% Feb 17, 2026 - Apr 2, 2026 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -12.78% Mar 26, 2012 - Aug 28, 2012 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -12.35% Mar 24, 2025 - May 12, 2025 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -11.72% Sep 21, 2012 - Dec 18, 2012 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -9.98% Dec 26, 2013 - Feb 28, 2014 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between GAB and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (1999 - 2026)
GAB vs SPY dividend yield comparison.
| Year | GAB | SPY |
|---|---|---|
| 2026 | 2.65% | 0.24% |
| 2025 | 9.72% | 1.07% |
| 2024 | 11.15% | 1.21% |
| 2023 | 11.81% | 1.40% |
| 2022 | 10.95% | 1.65% |
| 2021 | 8.71% | 1.20% |
| 2020 | 9.57% | 1.52% |
| 2019 | 9.85% | 1.75% |
| 2018 | 12.55% | 2.04% |
| 2017 | 9.80% | 1.80% |
| 2016 | 10.87% | 2.03% |
| 2015 | 12.05% | 2.06% |
| 2014 | 9.89% | 1.87% |
| 2013 | 8.00% | 1.81% |
| 2012 | 10.03% | 2.18% |
| 2011 | 11.42% | 2.05% |
| 2010 | 8.99% | 1.80% |
| 2009 | 14.28% | 1.95% |
| 2008 | 21.62% | 3.02% |
| 2007 | 14.16% | 1.85% |
| 2006 | 9.35% | 1.73% |
| 2005 | 10.58% | 1.73% |
| 2004 | 8.87% | 1.82% |
| 2003 | 8.62% | 1.47% |
| 2002 | 13.87% | 1.70% |
| 2001 | 10.01% | 1.25% |
| 2000 | 6.73% | 1.15% |
| 1999 | 0.00% | 0.24% |
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