GCV vs. GABEX
GCV (The Gabelli Convertible and Income Securities Fund Inc) and GABEX (Gabelli Equity Income Fund) are both mutual funds - GCV is a Convertible Bonds fund managed by Gabelli, while GABEX is a Dividend fund managed by Gabelli. Over the past 10 years, GCV returned 9.53%/yr vs 12.01%/yr for GABEX. Their 0.28 correlation means their historical movements had little consistent relationship. GCV charges 0.01%/yr vs 1.42%/yr for GABEX.
Performance
GCV vs. GABEX - Performance Comparison
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Returns By Period
In the year-to-date period, GCV achieves a 14.70% return, which is significantly higher than GABEX's 12.17% return. Over the past 10 years, GCV has underperformed GABEX with an annualized return of 9.53%, while GABEX has yielded a comparatively higher 12.01% 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%
GABEX
- 1D
- 1.17%
- 1M
- 2.12%
- 6M
- 6.72%
- YTD
- 12.17%
- 1Y
- 8.48%
- 3Y*
- 8.11%
- 5Y*
- 6.03%
- 10Y*
- 12.01%
- ALL TIME*
- 10.57%
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. GABEX - 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% |
GABEX Gabelli Equity Income Fund | 12.17% | 4.33% | 6.62% | 8.25% | -5.22% | 23.28% | 7.54% | 75.11% | -11.37% | 15.16% |
Correlation
The correlation between GCV and GABEX is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.34 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 1995 | 0.28 |
The correlation between GCV and GABEX shifts across timeframes, from 0.28 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GCV vs. GABEX — Risk / Return Rank
GCV
GABEX
GCV vs. GABEX - 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 Gabelli Equity Income Fund (GABEX). 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 | GABEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.11 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 0.51 | +3.49 |
| Martin ratioReturn relative to average drawdown | 13.57 | 1.10 | +12.47 |
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Drawdowns
GCV vs. GABEX - Drawdown Comparison
The maximum GCV drawdown since its inception was -55.67%, which is greater than GABEX's maximum drawdown of -52.25%. Use the drawdown chart below to compare losses from any high point for GCV and GABEX.
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Drawdown Indicators
| GCV | GABEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.67% | -52.25% | -3.42% |
Max Drawdown (1Y)Largest decline over 1 year | -7.09% | -13.11% | +6.02% |
Max Drawdown (3Y)Largest decline over 3 years | -22.33% | -14.75% | -7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -45.90% | -17.59% | -28.31% |
Max Drawdown (10Y)Largest decline over 10 years | -45.90% | -37.27% | -8.63% |
Current DrawdownCurrent decline from peak | -4.04% | -0.38% | -3.66% |
Average DrawdownAverage peak-to-trough decline | -12.50% | -5.14% | -7.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 6.09% | -4.00% |
Volatility
GCV vs. GABEX - Volatility Comparison
The Gabelli Convertible and Income Securities Fund Inc (GCV) has a higher volatility of 3.53% compared to Gabelli Equity Income Fund (GABEX) at 3.23%. This indicates that GCV's price experiences larger fluctuations and is considered to be riskier than GABEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCV | GABEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 3.23% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 9.27% | +2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 15.18% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.12% | 15.19% | +5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.52% | 21.27% | +2.25% |
GCV vs. GABEX - Expense Ratio Comparison
GCV has a 0.01% expense ratio, which is lower than GABEX's 1.42% expense ratio.
Dividends
GCV vs. GABEX - Dividend Comparison
GCV's dividend yield for the trailing twelve months is around 10.64%, less than GABEX's 21.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABEX Gabelli Equity Income Fund | 21.19% | 20.83% | 33.06% | 23.48% | 20.49% | 19.96% | 32.82% | 65.43% | 31.87% | 17.83% | 16.63% | 7.78% |
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 GABEX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GCV has higher volatility (3.53%) compared to GABEX (3.23%). In terms of maximum drawdown, GCV dropped -55.67% vs GABEX's -52.25%.
GCV currently has the higher Sharpe Ratio (1.79 vs 0.44), 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.
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