GCV vs. LOCFX
Compare and contrast key facts about The Gabelli Convertible and Income Securities Fund Inc (GCV) and Lord Abbett Convertible Fund Class F3 (LOCFX).
GCV is managed by Gabelli Funds. It was launched on Jul 3, 1989. LOCFX is a passively managed fund by Lord Abbett that tracks the performance of the ICE BofA All Convertible Index. It was launched on Jun 30, 2003.
Performance
GCV vs. LOCFX - Performance Comparison
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GCV vs. LOCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GCV The Gabelli Convertible and Income Securities Fund Inc | 6.04% | 22.86% | 19.93% | -15.58% | -23.95% | 19.99% | 16.97% | 45.72% | -19.03% | 28.50% |
LOCFX Lord Abbett Convertible Fund Class F3 | 1.75% | 22.43% | 14.00% | 7.30% | -23.12% | 1.40% | 64.47% | 25.07% | -6.42% | 10.04% |
Returns By Period
In the year-to-date period, GCV achieves a 6.04% return, which is significantly higher than LOCFX's 1.75% return.
GCV
- 1D
- 2.39%
- 1M
- -1.33%
- YTD
- 6.04%
- 6M
- 9.63%
- 1Y
- 28.78%
- 3Y*
- 11.57%
- 5Y*
- 3.68%
- 10Y*
- 9.54%
LOCFX
- 1D
- -1.63%
- 1M
- -5.41%
- YTD
- 1.75%
- 6M
- 4.96%
- 1Y
- 26.30%
- 3Y*
- 14.26%
- 5Y*
- 3.19%
- 10Y*
- —
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GCV vs. LOCFX - Expense Ratio Comparison
GCV has a 0.01% expense ratio, which is lower than LOCFX's 0.82% expense ratio.
Return for Risk
GCV vs. LOCFX — Risk / Return Rank
GCV
LOCFX
GCV vs. LOCFX - 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 Lord Abbett Convertible Fund Class F3 (LOCFX). 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.
| GCV | LOCFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 1.82 | -0.32 |
Sortino ratioReturn per unit of downside risk | 2.03 | 2.46 | -0.43 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.33 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | 3.51 | -1.53 |
Martin ratioReturn relative to average drawdown | 8.62 | 12.60 | -3.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GCV | LOCFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.82 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.25 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.78 | -0.60 |
Correlation
The correlation between GCV and LOCFX is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GCV vs. LOCFX - Dividend Comparison
GCV's dividend yield for the trailing twelve months is around 11.21%, more than LOCFX's 1.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCV The Gabelli Convertible and Income Securities Fund Inc | 11.21% | 11.57% | 12.60% | 13.33% | 10.00% | 8.14% | 7.68% | 8.21% | 10.93% | 8.14% | 8.72% | 10.04% |
LOCFX Lord Abbett Convertible Fund Class F3 | 1.52% | 1.86% | 2.29% | 2.06% | 2.72% | 18.36% | 16.20% | 8.75% | 5.02% | 2.08% | 0.00% | 0.00% |
Drawdowns
GCV vs. LOCFX - Drawdown Comparison
The maximum GCV drawdown since its inception was -55.67%, which is greater than LOCFX's maximum drawdown of -33.29%. Use the drawdown chart below to compare losses from any high point for GCV and LOCFX.
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Drawdown Indicators
| GCV | LOCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.67% | -33.29% | -22.38% |
Max Drawdown (1Y)Largest decline over 1 year | -13.47% | -7.02% | -6.45% |
Max Drawdown (5Y)Largest decline over 5 years | -45.90% | -30.60% | -15.30% |
Max Drawdown (10Y)Largest decline over 10 years | -45.90% | — | — |
Current DrawdownCurrent decline from peak | -3.82% | -7.02% | +3.20% |
Average DrawdownAverage peak-to-trough decline | -12.63% | -11.41% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 1.95% | +1.13% |
Volatility
GCV vs. LOCFX - Volatility Comparison
The Gabelli Convertible and Income Securities Fund Inc (GCV) has a higher volatility of 7.83% compared to Lord Abbett Convertible Fund Class F3 (LOCFX) at 6.00%. This indicates that GCV's price experiences larger fluctuations and is considered to be riskier than LOCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCV | LOCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.83% | 6.00% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 12.03% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.38% | 14.38% | +5.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.18% | 12.83% | +8.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.49% | 13.93% | +9.56% |