GCV vs. PACIX
Compare and contrast key facts about The Gabelli Convertible and Income Securities Fund Inc (GCV) and Columbia Convertible Securities Fund (PACIX).
GCV is managed by Gabelli Funds. It was launched on Jul 3, 1989. PACIX is managed by Columbia. It was launched on Sep 24, 1987.
Performance
GCV vs. PACIX - Performance Comparison
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GCV vs. PACIX - 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% | 37.30% |
PACIX Columbia Convertible Securities Fund | 0.04% | 19.58% | 9.51% | 11.91% | -19.54% | 3.71% | 47.86% | 26.15% | -1.03% | 15.07% |
Returns By Period
In the year-to-date period, GCV achieves a 6.04% return, which is significantly higher than PACIX's 0.04% return. Over the past 10 years, GCV has underperformed PACIX with an annualized return of 9.54%, while PACIX has yielded a comparatively higher 11.54% annualized 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%
PACIX
- 1D
- -1.58%
- 1M
- -6.43%
- YTD
- 0.04%
- 6M
- 2.18%
- 1Y
- 22.13%
- 3Y*
- 12.16%
- 5Y*
- 3.68%
- 10Y*
- 11.54%
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GCV vs. PACIX - Expense Ratio Comparison
GCV has a 0.01% expense ratio, which is lower than PACIX's 1.12% expense ratio.
Return for Risk
GCV vs. PACIX — Risk / Return Rank
GCV
PACIX
GCV vs. PACIX - 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 Columbia Convertible Securities Fund (PACIX). 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 | PACIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 1.49 | +0.01 |
Sortino ratioReturn per unit of downside risk | 2.03 | 2.03 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.27 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | 2.60 | -0.62 |
Martin ratioReturn relative to average drawdown | 8.62 | 9.39 | -0.77 |
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 | PACIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.49 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.29 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.87 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.81 | -0.64 |
Correlation
The correlation between GCV and PACIX is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GCV vs. PACIX - Dividend Comparison
GCV's dividend yield for the trailing twelve months is around 11.21%, more than PACIX's 1.48% 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% |
PACIX Columbia Convertible Securities Fund | 1.48% | 1.45% | 1.96% | 2.53% | 9.87% | 22.27% | 7.81% | 6.29% | 5.29% | 2.75% | 2.34% | 9.91% |
Drawdowns
GCV vs. PACIX - Drawdown Comparison
The maximum GCV drawdown since its inception was -55.67%, which is greater than PACIX's maximum drawdown of -43.86%. Use the drawdown chart below to compare losses from any high point for GCV and PACIX.
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Drawdown Indicators
| GCV | PACIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.67% | -43.86% | -11.81% |
Max Drawdown (1Y)Largest decline over 1 year | -13.47% | -7.85% | -5.62% |
Max Drawdown (5Y)Largest decline over 5 years | -45.90% | -26.71% | -19.19% |
Max Drawdown (10Y)Largest decline over 10 years | -45.90% | -28.74% | -17.16% |
Current DrawdownCurrent decline from peak | -3.82% | -7.85% | +4.03% |
Average DrawdownAverage peak-to-trough decline | -12.63% | -6.86% | -5.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 2.17% | +0.91% |
Volatility
GCV vs. PACIX - Volatility Comparison
The Gabelli Convertible and Income Securities Fund Inc (GCV) has a higher volatility of 7.83% compared to Columbia Convertible Securities Fund (PACIX) at 5.94%. This indicates that GCV's price experiences larger fluctuations and is considered to be riskier than PACIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCV | PACIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.83% | 5.94% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 11.69% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.38% | 14.68% | +4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.18% | 12.97% | +8.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.49% | 13.25% | +10.24% |