GCV vs. GABGX

Last updated Aug 1, 2026

GCV (The Gabelli Convertible and Income Securities Fund Inc) and GABGX (Gabelli Growth Fund) are both mutual funds - GCV is a Convertible Bonds fund managed by Gabelli, while GABGX is a Large Cap Growth Equities fund managed by Gabelli. Over the past 10 years, GCV returned 9.53%/yr vs 15.55%/yr for GABGX. Their 0.28 correlation means their historical movements had little consistent relationship. GCV charges 0.01%/yr vs 1.34%/yr for GABGX.

Performance

GCV vs. GABGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Gabelli Convertible and Income Securities Fund Inc (GCV) and Gabelli Growth Fund (GABGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GCV achieves a 14.70% return, which is significantly higher than GABGX's 0.46% return. Over the past 10 years, GCV has underperformed GABGX with an annualized return of 9.53%, while GABGX has yielded a comparatively higher 15.55% 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%

GABGX

• 1D: 2.91%
• 1M: -1.77%
• 6M: 1.33%
• YTD: 0.46%
• 1Y: 6.53%
• 3Y*: 20.05%
• 5Y*: 8.89%
• 10Y*: 15.55%
• ALL TIME*: 11.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GABGX Gabelli Growth Fund	$0.00	$0.00	$0.00
GCV The Gabelli Convertible and Income Securities Fund Inc	$93.89K	$135.15K	$276.43K

GCV vs. GABGX - 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%
GABGX Gabelli Growth Fund	0.46%	18.67%	35.38%	45.39%	-39.04%	22.48%	39.11%	34.19%	1.89%	29.51%

Correlation

The correlation between GCV and GABGX is 0.51, 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.	0.51
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.	0.37
Correlation (All Time) Calculated using the full available price history since Mar 31, 1995	0.28

Over the past year, GCV and GABGX have become more correlated (0.51) than their long-term average of 0.28, meaning their price movements have been converging.

Return for Risk

GCV vs. GABGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GCV

GCV Risk / Return Rank: 81
GCV Sharpe Ratio Rank: 75
GCV Sortino Ratio Rank: 73
GCV Omega Ratio Rank: 71
GCV Calmar Ratio Rank: 94
GCV Martin Ratio Rank: 92

GABGX

GABGX Risk / Return Rank: 8
GABGX Sharpe Ratio Rank: 8
GABGX Sortino Ratio Rank: 9
GABGX Omega Ratio Rank: 8
GABGX Calmar Ratio Rank: 8
GABGX Martin Ratio Rank: 8

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GCV vs. GABGX - 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 Growth Fund (GABGX). 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	GABGX	Difference
Sharpe ratio: Return per unit of total volatility	1.79	0.28	+1.51
Sortino ratio: Return per unit of downside risk	2.51	0.50	+2.01
Omega ratio: Gain probability vs. loss probability	1.31	1.06	+0.25
Calmar ratio: Return relative to maximum drawdown	4.00	0.29	+3.71
Martin ratio: Return relative to average drawdown	13.57	0.91	+12.66

GCV vs. GABGX - Sharpe Ratio Comparison

The current GCV Sharpe Ratio is 1.79, which is higher than the GABGX Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of GCV and GABGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GCV vs. GABGX - Drawdown Comparison

The maximum GCV drawdown since its inception was -55.67%, smaller than the maximum GABGX drawdown of -66.39%. Use the drawdown chart below to compare losses from any high point for GCV and GABGX.

Drawdown Indicators

	GCV	GABGX	Difference
Max Drawdown Largest peak-to-trough decline	-55.67%	-66.39%	+10.72%
Max Drawdown (1Y) Largest decline over 1 year	-7.09%	-16.53%	+9.44%
Max Drawdown (3Y) Largest decline over 3 years	-22.33%	-22.39%	+0.06%
Max Drawdown (5Y) Largest decline over 5 years	-45.90%	-42.36%	-3.54%
Max Drawdown (10Y) Largest decline over 10 years	-45.90%	-42.36%	-3.54%
Current Drawdown Current decline from peak	-4.04%	-6.16%	+2.12%
Average Drawdown Average peak-to-trough decline	-12.50%	-16.64%	+4.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	5.20%	-3.11%

Volatility

GCV vs. GABGX - Volatility Comparison

The current volatility for The Gabelli Convertible and Income Securities Fund Inc (GCV) is 3.53%, while Gabelli Growth Fund (GABGX) has a volatility of 5.42%. This indicates that GCV experiences smaller price fluctuations and is considered to be less risky than GABGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GCV	GABGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	5.42%	-1.89%
Volatility (6M) Calculated over the trailing 6-month period	11.75%	13.90%	-2.15%
Volatility (1Y) Calculated over the trailing 1-year period	15.90%	17.13%	-1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.12%	23.66%	-2.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.52%	22.60%	+0.92%

GCV vs. GABGX - Expense Ratio Comparison

GCV has a 0.01% expense ratio, which is lower than GABGX's 1.34% expense ratio.

Dividends

GCV vs. GABGX - Dividend Comparison

GCV's dividend yield for the trailing twelve months is around 10.64%, more than GABGX's 5.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABGX Gabelli Growth Fund	5.46%	5.49%	6.27%	1.66%	0.00%	5.03%	7.02%	11.48%	5.66%	6.28%	5.17%	8.19%
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

Can I hold both GCV and GABGX in my portfolio?

GCV and GABGX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GCV or GABGX?

GABGX has higher volatility (5.42%) compared to GCV (3.53%). In terms of maximum drawdown, GCV dropped -55.67% vs GABGX's -66.39%.

Which has better risk-adjusted returns?

GCV currently has the higher Sharpe Ratio (1.79 vs 0.28), 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.