GCV vs. FCVSX
GCV (The Gabelli Convertible and Income Securities Fund Inc) and FCVSX (Fidelity Convertible Securities Fund) are both Convertible Bonds funds. Over the past 10 years, GCV returned 9.53%/yr vs 11.53%/yr for FCVSX. Their 0.29 correlation means their historical movements had little consistent relationship. GCV charges 0.01%/yr vs 0.67%/yr for FCVSX.
Performance
GCV vs. FCVSX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with GCV having a 14.70% return and FCVSX slightly lower at 14.49%. Over the past 10 years, GCV has underperformed FCVSX with an annualized return of 9.53%, while FCVSX has yielded a comparatively higher 11.53% annualized return.
GCV
- 1D
- 0.00%
- 1M
- -2.80%
- 6M
- 6.72%
- YTD
- 14.70%
- 1Y
- 29.40%
- 3Y*
- 14.61%
- 5Y*
- 4.17%
- 10Y*
- 9.53%
- ALL TIME*
- 4.89%
FCVSX
- 1D
- 3.03%
- 1M
- -3.27%
- 6M
- 9.02%
- YTD
- 14.49%
- 1Y
- 15.39%
- 3Y*
- 12.69%
- 5Y*
- 6.50%
- 10Y*
- 11.53%
- ALL TIME*
- 9.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $93.89K | $135.15K | $276.43K |
GCV vs. FCVSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GCV The Gabelli Convertible and Income Securities Fund Inc | 14.70% | 22.86% | 19.93% | -15.58% | -23.95% | 19.99% | 16.97% | 45.72% | -19.03% | 37.30% |
FCVSX Fidelity Convertible Securities Fund | 14.49% | 8.52% | 13.91% | 11.42% | -15.33% | 9.95% | 42.52% | 28.58% | -1.29% | 9.03% |
Correlation
The correlation between GCV and FCVSX is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 1995 | 0.29 |
Over the past year, GCV and FCVSX have become more correlated (0.59) than their long-term average of 0.29, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GCV vs. FCVSX — Risk / Return Rank
GCV
FCVSX
GCV vs. FCVSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Gabelli Convertible and Income Securities Fund Inc (GCV) and Fidelity Convertible Securities Fund (FCVSX). 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.
| GCV | FCVSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.14 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 1.22 | +2.78 |
| Martin ratioReturn relative to average drawdown | 13.57 | 3.35 | +10.22 |
Loading charts...
Drawdowns
GCV vs. FCVSX - Drawdown Comparison
The maximum GCV drawdown since its inception was -55.67%, smaller than the maximum FCVSX drawdown of -58.76%. Use the drawdown chart below to compare losses from any high point for GCV and FCVSX.
Loading charts...
Drawdown Indicators
| GCV | FCVSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.67% | -58.76% | +3.09% |
Max Drawdown (1Y)Largest decline over 1 year | -7.09% | -11.39% | +4.30% |
Max Drawdown (3Y)Largest decline over 3 years | -22.33% | -14.56% | -7.77% |
Max Drawdown (5Y)Largest decline over 5 years | -45.90% | -24.18% | -21.72% |
Max Drawdown (10Y)Largest decline over 10 years | -45.90% | -25.08% | -20.82% |
Current DrawdownCurrent decline from peak | -4.04% | -8.70% | +4.66% |
Average DrawdownAverage peak-to-trough decline | -12.50% | -7.21% | -5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 4.13% | -2.04% |
Volatility
GCV vs. FCVSX - Volatility Comparison
The current volatility for The Gabelli Convertible and Income Securities Fund Inc (GCV) is 3.53%, while Fidelity Convertible Securities Fund (FCVSX) has a volatility of 6.07%. This indicates that GCV experiences smaller price fluctuations and is considered to be less risky than FCVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GCV | FCVSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 6.07% | -2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 13.97% | -2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 19.35% | -3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.12% | 14.33% | +6.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.52% | 14.07% | +9.45% |
GCV vs. FCVSX - Expense Ratio Comparison
GCV has a 0.01% expense ratio, which is lower than FCVSX's 0.67% expense ratio.
Dividends
GCV vs. FCVSX - Dividend Comparison
GCV's dividend yield for the trailing twelve months is around 10.64%, more than FCVSX's 1.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVSX Fidelity Convertible Securities Fund | 1.43% | 2.21% | 7.47% | 2.13% | 3.78% | 20.64% | 10.75% | 3.28% | 9.86% | 4.11% | 4.90% | 10.41% |
GCV The Gabelli Convertible and Income Securities Fund Inc | 10.64% | 11.57% | 12.60% | 13.33% | 10.00% | 8.14% | 7.68% | 8.21% | 10.93% | 8.14% | 8.72% | 10.04% |
Frequently Asked Questions
GCV and FCVSX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCVSX has higher volatility (6.07%) compared to GCV (3.53%). In terms of maximum drawdown, GCV dropped -55.67% vs FCVSX's -58.76%.
GCV currently has the higher Sharpe Ratio (1.79 vs 0.72), 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.
Find the right allocation for GCV and FCVSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer