GLDAX Performance — Gabelli Gold Fund Inc, Class A
Data updated: 2026-08-31
GLDAX returned −11.62% year to date and +52.01% over one year to Jun 2026. Annualised returns are +41.67% over 3 years and +20.35% over 5 years. The fund beat its Commodities category average: $100 invested three years ago grew to $284, against $165 for the category, and to $152 over one year, against $130. Volatility over the past three years was 35.90% a year. In the 12 months to Jun 2026 the fund lost a net $9.8M, and assets reached $637.69M.
GLDAX Growth of $100
What $100 invested in Gabelli Gold Fund Inc grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Commodities category average over the same months.
| Period | GLDAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $152 | $130 |
| 3 years (Jul 2023 – Jun 2026) | $284 | $165 |
| 5 years (Jul 2021 – Jun 2026) | $253 | $171 |
| Since data start (Jul 2019 – Jun 2026) | $354 | $213 |
GLDAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −11.62% |
| 1 year | +52.01% |
| 3 years (annualised) | +41.67% |
| 5 years (annualised) | +20.35% |
GLDAX Annual Returns
Calendar-year total returns of Gabelli Gold Fund Inc, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | −11.62% |
| 2025 | +167.27% |
| 2024 | +14.89% |
| 2023 | +7.85% |
| 2022 | −11.05% |
| 2021 | −8.94% |
| 2020 | +26.35% |
| 2019 (Jul–Dec) | +18.26% |
GLDAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +11.4% | +22.3% | −22.2% | −2.5% | +1.0% | −15.2% | — | — | — | — | — | — |
| 2025 | +12.7% | +2.0% | +15.1% | +9.2% | +5.4% | +2.1% | −3.4% | +22.4% | +19.6% | −3.2% | +17.6% | +6.9% |
| 2024 | −9.2% | −5.5% | +18.3% | +3.8% | +6.6% | −5.2% | +10.6% | +5.3% | +2.9% | +3.4% | −5.8% | −7.5% |
| 2023 | +10.5% | −13.1% | +14.7% | +3.6% | −7.3% | −2.6% | +2.8% | −3.5% | −9.4% | +3.9% | +12.3% | −0.1% |
| 2022 | −7.3% | +14.8% | +9.9% | −8.0% | −8.6% | −13.9% | −3.3% | −9.2% | +1.3% | −0.9% | +19.5% | −0.2% |
| 2021 | −5.1% | −11.7% | +2.9% | +7.9% | +13.9% | −11.5% | +3.1% | −5.6% | −10.1% | +9.8% | −0.2% | +1.1% |
| 2020 | −0.4% | −9.4% | −11.8% | +36.8% | +9.5% | +5.8% | +18.0% | −0.8% | −8.1% | −3.4% | −7.6% | +4.2% |
| 2019 | — | — | — | — | — | — | +6.1% | +10.7% | −11.0% | +4.8% | −2.2% | +10.3% |
GLDAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 35.90%
- 3-year Sharpe ratio: 1.04 (vs 4.5% risk-free rate)
- Best month: +22.35% (Aug 2025)
- Worst month: −22.23% (Mar 2026)
GLDAX Fund Flows
Monthly money in and out of Gabelli Gold Fund Inc, from SEC Form N-PORT.
- 12-month net flow: −$9.8M
- 12-month gross sales (incl. reinvestments): $334.3M
- Sales ÷ redemptions: 0.97×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $17.7M | $29.6M | −$11.9M |
| May 2026 | $10.0M | $17.2M | −$7.2M |
| Apr 2026 | $15.9M | $22.9M | −$7.0M |
| Mar 2026 | $25.1M | $35.8M | −$10.7M |
| Feb 2026 | $24.2M | $37.3M | −$13.1M |
| Jan 2026 | $31.3M | $48.6M | −$17.3M |
| Dec 2025 | $124.7M | $40.1M | $84.5M |
| Nov 2025 | $9.9M | $18.6M | −$8.7M |
| Oct 2025 | $24.5M | $51.7M | −$27.1M |
| Sep 2025 | $30.8M | $20.6M | $10.2M |
| Aug 2025 | $10.9M | $10.2M | $699K |
| Jul 2025 | $9.3M | $11.6M | −$2.3M |
GLDAX Assets Under Management
Net assets of Gabelli Gold Fund Inc by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $637.69M |
| 2026-03-31 | $792.12M |
| 2025-12-31 | $785.13M |
| 2025-09-30 | $700.97M |
| 2025-06-30 | $489.13M |
| 2025-03-31 | $430.92M |
| 2024-12-31 | $315.01M |
| 2024-09-30 | $355.19M |
| 2024-06-28 | $310.31M |
| 2024-03-28 | $302.35M |
| 2023-12-29 | $329.41M |
| 2023-09-29 | $286.75M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.