- Issuer
- Gabelli Funds
- Inception Date
- Jul 3, 1989
- Category
- Convertible Bonds
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
GCV Performance Chart
The Gabelli Convertible and Income Securities Fund Inc (GCV) is up 17.8% since the beginning of the year. GCV is currently trading at $5 per share. Investors who bought $1,000 worth of GCV shares 5 years ago would now be looking at an investment worth $1,212.
Loading charts...
Returns By Period
The Gabelli Convertible and Income Securities Fund Inc (GCV) has returned 17.75% so far this year and 37.25% over the past 12 months. Over the last ten years, GCV has returned 10.42% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
The Gabelli Convertible and Income Securities Fund Inc
- 1D
- 0.43%
- 1M
- 4.22%
- YTD
- 17.75%
- 6M
- 15.25%
- 1Y
- 37.25%
- 3Y*
- 14.83%
- 5Y*
- 3.92%
- 10Y*
- 10.42%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
GCV Monthly Returns History
Based on dividend-adjusted daily data since Mar 31, 1995, GCV's average daily return is +0.03%, while the average monthly return is +0.52%. At this rate, an investment would double in approximately 11.1 years.
Historically, 57% of months were positive and 43% were negative. The best month was Jan 2019 with a return of +14.1%, while the worst month was Oct 2018 at -15.3%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 7 months.
On a daily basis, GCV closed higher 47% of trading days. The best single day was Oct 13, 2008 with a return of +28.3%, while the worst single day was Nov 19, 2008 at -14.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.47% | 0.00% | -1.33% | 5.37% | 3.55% | 1.76% | 17.75% | ||||||
| 2025 | 1.57% | -1.03% | 0.64% | -6.29% | 5.71% | 6.84% | 2.61% | 3.56% | 4.44% | 5.57% | -3.21% | 1.18% | 22.86% |
| 2024 | 0.56% | -0.55% | 6.41% | -5.12% | 5.11% | 2.24% | 4.10% | 4.72% | -5.24% | -0.27% | 10.11% | -2.56% | 19.93% |
| 2023 | 5.00% | -2.98% | -6.76% | -0.56% | -3.06% | 3.25% | -0.23% | -6.41% | -3.66% | -14.13% | 6.21% | 8.84% | -15.58% |
| 2022 | -12.21% | 0.00% | 3.29% | -3.92% | 0.00% | -6.12% | 6.67% | -8.85% | -3.20% | 0.00% | 1.21% | -2.37% | -23.95% |
| 2021 | -0.64% | 0.48% | -0.53% | 5.42% | 0.00% | 4.54% | -3.03% | 0.94% | -3.98% | 7.57% | -0.31% | 8.78% | 19.99% |
Benchmark Metrics
The Gabelli Convertible and Income Securities Fund Inc has an annualized alpha of 3.03%, beta of 0.53, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since March 31, 1995.
- This fund participated in 68.43% of S&P 500 Index downside but only 56.28% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.53 may look defensive, but with R2 of 0.14 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.14 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.03%
- Beta
- 0.53
- R²
- 0.14
- Upside Capture
- 56.28%
- Downside Capture
- 68.43%
Expense Ratio
GCV has an expense ratio of 0.01%, which is considered low.
Return for Risk
Risk / Return Rank
GCV ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for The Gabelli Convertible and Income Securities Fund Inc (GCV) and compare them to S&P 500 Index.
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.
| GCV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.32 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.28 | 2.46 | +2.82 |
| Martin ratioReturn relative to average drawdown | 18.85 | 10.92 | +7.93 |
Dividends
Dividend History
The Gabelli Convertible and Income Securities Fund Inc provided a 10.37% dividend yield over the last twelve months, with an annual payout of $0.48 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.48 | $0.48 | $0.48 | $0.48 | $0.56 | $0.48 | $0.48 | $0.48 | $0.48 | $0.41 | $0.48 |
Dividend yield | 10.37% | 11.57% | 12.60% | 13.33% | 10.00% | 8.14% | 7.68% | 8.21% | 10.93% | 8.14% | 8.72% | 10.04% |
Monthly Dividends
The table displays the monthly dividend distributions for The Gabelli Convertible and Income Securities Fund Inc. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.24 | ||||||
| 2025 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.48 |
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.48 |
| 2023 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.48 |
| 2022 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.48 |
| 2021 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.20 | $0.56 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the The Gabelli Convertible and Income Securities Fund Inc. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the The Gabelli Convertible and Income Securities Fund Inc was 55.67%, occurring on Oct 10, 2008. Recovery took 1108 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.67%Oct 2008 | 1y 3mo | 4y 5mo | 5y 8moJul 2007 - Mar 2013 |
2023 bear market2023 | -45.90%Oct 2023 | 1y 10mo | 2y 3mo | 4y 1moDec 2021 - Jan 2026 |
COVID crash2020 | -42.79%Mar 2020 | 24d | 8mo 3d | 8mo 27dFeb 2020 - Nov 2020 |
Rate-hike selloffLate 2018 | -38.51%Dec 2018 | 4mo 3d | 1y 1mo | 1y 6moAug 2018 - Feb 2020 |
2016 bear market2016 | -34.62%Feb 2016 | 11mo 26d | 1y 5mo | 2y 5moFeb 2015 - Jul 2017 |
Drawdown Indicators
| GCV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.67% | -56.78% | +1.11% |
Max Drawdown (1Y)Largest decline over 1 year | -7.09% | -9.10% | +2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -24.98% | -18.90% | -6.08% |
Max Drawdown (5Y)Largest decline over 5 years | -45.90% | -25.43% | -20.47% |
Max Drawdown (10Y)Largest decline over 10 years | -45.90% | -33.92% | -11.98% |
Current DrawdownCurrent decline from peak | 0.00% | -3.21% | +3.21% |
Average DrawdownAverage peak-to-trough decline | -12.54% | -10.71% | -1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.04% | -0.06% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with GCV
Add The Gabelli Convertible and Income Securities Fund Inc to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with GCV