PBXIX vs. GCV
Compare and contrast key facts about Rational/Pier 88 Convertible Securities Fund (PBXIX) and The Gabelli Convertible and Income Securities Fund Inc (GCV).
PBXIX is managed by Rational Funds. It was launched on Dec 5, 2019. GCV is managed by Gabelli Funds. It was launched on Jul 3, 1989.
Performance
PBXIX vs. GCV - Performance Comparison
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PBXIX vs. GCV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PBXIX Rational/Pier 88 Convertible Securities Fund | -2.92% | 2.12% | 8.23% | 3.28% | -10.82% | 10.23% | 17.09% | 1.70% |
GCV The Gabelli Convertible and Income Securities Fund Inc | 6.04% | 22.86% | 19.93% | -15.58% | -23.95% | 19.99% | 16.97% | 2.74% |
Returns By Period
In the year-to-date period, PBXIX achieves a -2.92% return, which is significantly lower than GCV's 6.04% return.
PBXIX
- 1D
- -0.29%
- 1M
- -4.31%
- YTD
- -2.92%
- 6M
- -2.93%
- 1Y
- 1.01%
- 3Y*
- 3.97%
- 5Y*
- 1.30%
- 10Y*
- —
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%
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PBXIX vs. GCV - Expense Ratio Comparison
PBXIX has a 0.99% expense ratio, which is higher than GCV's 0.01% expense ratio.
Return for Risk
PBXIX vs. GCV — Risk / Return Rank
PBXIX
GCV
PBXIX vs. GCV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rational/Pier 88 Convertible Securities Fund (PBXIX) 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.
| PBXIX | GCV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.12 | 1.50 | -1.38 |
Sortino ratioReturn per unit of downside risk | 0.22 | 2.03 | -1.81 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.30 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 0.09 | 1.97 | -1.89 |
Martin ratioReturn relative to average drawdown | 0.32 | 8.62 | -8.30 |
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
| PBXIX | GCV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 1.50 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.17 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.17 | +0.19 |
Correlation
The correlation between PBXIX and GCV 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
PBXIX vs. GCV - Dividend Comparison
PBXIX's dividend yield for the trailing twelve months is around 6.05%, less than GCV's 11.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBXIX Rational/Pier 88 Convertible Securities Fund | 6.05% | 3.48% | 2.14% | 2.22% | 2.25% | 7.56% | 1.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
PBXIX vs. GCV - Drawdown Comparison
The maximum PBXIX drawdown since its inception was -24.03%, smaller than the maximum GCV drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for PBXIX and GCV.
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Drawdown Indicators
| PBXIX | GCV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.03% | -55.67% | +31.64% |
Max Drawdown (1Y)Largest decline over 1 year | -5.74% | -13.47% | +7.73% |
Max Drawdown (5Y)Largest decline over 5 years | -15.57% | -45.90% | +30.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.90% | — |
Current DrawdownCurrent decline from peak | -5.16% | -3.82% | -1.34% |
Average DrawdownAverage peak-to-trough decline | -5.65% | -12.63% | +6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 3.08% | -1.54% |
Volatility
PBXIX vs. GCV - Volatility Comparison
The current volatility for Rational/Pier 88 Convertible Securities Fund (PBXIX) is 2.16%, while The Gabelli Convertible and Income Securities Fund Inc (GCV) has a volatility of 7.83%. This indicates that PBXIX experiences smaller price fluctuations and is considered to be less risky 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
| PBXIX | GCV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 7.83% | -5.67% |
Volatility (6M)Calculated over the trailing 6-month period | 4.96% | 12.52% | -7.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.50% | 19.38% | -10.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.63% | 21.18% | -12.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.57% | 23.49% | -11.92% |