HICSX vs. GCV
HICSX (Harbor Convertible Securities Fund) and GCV (The Gabelli Convertible and Income Securities Fund Inc) are both Convertible Bonds funds. Over the past 10 years, HICSX returned 9.27%/yr vs 9.53%/yr for GCV. Their 0.43 correlation means their historical movements had little consistent relationship. HICSX charges 1.12%/yr vs 0.01%/yr for GCV.
Performance
HICSX vs. GCV - Performance Comparison
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Returns By Period
In the year-to-date period, HICSX achieves a 13.82% return, which is significantly lower than GCV's 14.70% return. Both investments have delivered pretty close results over the past 10 years, with HICSX having a 9.27% annualized return and GCV not far ahead at 9.53%.
HICSX
- 1D
- 3.14%
- 1M
- -3.20%
- 6M
- 8.77%
- YTD
- 13.82%
- 1Y
- 25.28%
- 3Y*
- 16.05%
- 5Y*
- 7.26%
- 10Y*
- 9.27%
- ALL TIME*
- 7.50%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $93.89K | $135.15K | $276.43K | |
| $0.00 | $0.00 | $0.00 |
HICSX vs. GCV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HICSX Harbor Convertible Securities Fund | 13.82% | 19.99% | 12.36% | 10.37% | -15.55% | 2.07% | 31.41% | 17.89% | -0.65% | 7.93% |
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% |
Correlation
The correlation between HICSX and GCV is 0.58, 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. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 3, 2011 | 0.43 |
The correlation between HICSX and GCV shifts across timeframes, from 0.42 (5 years) to 0.58 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HICSX vs. GCV — Risk / Return Rank
HICSX
GCV
HICSX vs. GCV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Convertible Securities Fund (HICSX) and The Gabelli Convertible and Income Securities Fund Inc (GCV). 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.
| HICSX | GCV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 4.00 | -1.83 |
| Martin ratioReturn relative to average drawdown | 8.68 | 13.57 | -4.88 |
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Drawdowns
HICSX vs. GCV - Drawdown Comparison
The maximum HICSX drawdown since its inception was -23.68%, smaller than the maximum GCV drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for HICSX and GCV.
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Drawdown Indicators
| HICSX | GCV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.68% | -55.67% | +31.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -7.09% | -3.85% |
Max Drawdown (3Y)Largest decline over 3 years | -11.24% | -22.33% | +11.09% |
Max Drawdown (5Y)Largest decline over 5 years | -22.03% | -45.90% | +23.87% |
Max Drawdown (10Y)Largest decline over 10 years | -23.68% | -45.90% | +22.22% |
Current DrawdownCurrent decline from peak | -8.15% | -4.04% | -4.11% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -12.50% | +7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.09% | +0.64% |
Volatility
HICSX vs. GCV - Volatility Comparison
Harbor Convertible Securities Fund (HICSX) has a higher volatility of 5.90% compared to The Gabelli Convertible and Income Securities Fund Inc (GCV) at 3.53%. This indicates that HICSX's price experiences larger fluctuations and is considered to be riskier than GCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HICSX | GCV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 3.53% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.49% | 11.75% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.34% | 15.90% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.89% | 21.12% | -9.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.10% | 23.52% | -12.42% |
HICSX vs. GCV - Expense Ratio Comparison
HICSX has a 1.12% expense ratio, which is higher than GCV's 0.01% expense ratio.
Dividends
HICSX vs. GCV - Dividend Comparison
HICSX's dividend yield for the trailing twelve months is around 1.52%, less than GCV's 10.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HICSX Harbor Convertible Securities Fund | 1.52% | 1.95% | 3.22% | 2.91% | 0.44% | 14.09% | 9.57% | 3.61% | 6.45% | 10.65% | 0.98% | 3.95% |
Frequently Asked Questions
HICSX and GCV have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HICSX has higher volatility (5.90%) compared to GCV (3.53%). In terms of maximum drawdown, HICSX dropped -23.68% vs GCV's -55.67%.
GCV currently has the higher Sharpe Ratio (1.79 vs 1.46), 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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