GCV vs. GABUX
GCV (The Gabelli Convertible and Income Securities Fund Inc) and GABUX (Gabelli Utilities Fund) are both mutual funds - GCV is a Convertible Bonds fund managed by Gabelli, while GABUX is a Utilities Equities fund managed by Gabelli. Over the past 10 years, GCV returned 9.53%/yr vs 6.02%/yr for GABUX. Their 0.23 correlation means their historical movements had little consistent relationship. GCV charges 0.01%/yr vs 1.39%/yr for GABUX.
Performance
GCV vs. GABUX - 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 GABUX's 8.59% return. Over the past 10 years, GCV has outperformed GABUX with an annualized return of 9.53%, while GABUX has yielded a comparatively lower 6.02% 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%
GABUX
- 1D
- -0.42%
- 1M
- -1.46%
- 6M
- 3.46%
- YTD
- 8.59%
- 1Y
- 12.80%
- 3Y*
- 11.33%
- 5Y*
- 6.42%
- 10Y*
- 6.02%
- ALL TIME*
- 6.00%
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. GABUX - 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% |
GABUX Gabelli Utilities Fund | 8.59% | 16.86% | 14.38% | -6.59% | -5.40% | 17.44% | -3.45% | 18.37% | -2.83% | 8.24% |
Correlation
The correlation between GCV and GABUX is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 1999 | 0.23 |
The correlation between GCV and GABUX shifts across timeframes, from 0.08 (1 year) to 0.23 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
GCV vs. GABUX — Risk / Return Rank
GCV
GABUX
GCV vs. GABUX - 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 Utilities Fund (GABUX). 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 | GABUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.21 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 1.83 | +2.17 |
| Martin ratioReturn relative to average drawdown | 13.57 | 4.92 | +8.64 |
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Drawdowns
GCV vs. GABUX - Drawdown Comparison
The maximum GCV drawdown since its inception was -55.67%, which is greater than GABUX's maximum drawdown of -48.88%. Use the drawdown chart below to compare losses from any high point for GCV and GABUX.
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Drawdown Indicators
| GCV | GABUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.67% | -48.88% | -6.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.09% | -7.14% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -22.33% | -12.96% | -9.37% |
Max Drawdown (5Y)Largest decline over 5 years | -45.90% | -23.98% | -21.92% |
Max Drawdown (10Y)Largest decline over 10 years | -45.90% | -33.64% | -12.26% |
Current DrawdownCurrent decline from peak | -4.04% | -4.45% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -12.50% | -12.10% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.65% | -0.56% |
Volatility
GCV vs. GABUX - Volatility Comparison
The current volatility for The Gabelli Convertible and Income Securities Fund Inc (GCV) is 3.53%, while Gabelli Utilities Fund (GABUX) has a volatility of 4.12%. This indicates that GCV experiences smaller price fluctuations and is considered to be less risky than GABUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCV | GABUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 4.12% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 9.00% | +2.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 11.03% | +4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.12% | 14.69% | +6.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.52% | 16.29% | +7.23% |
GCV vs. GABUX - Expense Ratio Comparison
GCV has a 0.01% expense ratio, which is lower than GABUX's 1.39% expense ratio.
Dividends
GCV vs. GABUX - Dividend Comparison
GCV's dividend yield for the trailing twelve months is around 10.64%, less than GABUX's 18.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABUX Gabelli Utilities Fund | 18.62% | 18.27% | 22.50% | 16.89% | 13.44% | 11.03% | 11.58% | 9.31% | 9.50% | 8.45% | 9.49% | 9.66% |
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 GABUX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GABUX has higher volatility (4.12%) compared to GCV (3.53%). In terms of maximum drawdown, GCV dropped -55.67% vs GABUX's -48.88%.
GCV currently has the higher Sharpe Ratio (1.79 vs 1.19), 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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