GCV vs SPY
Comparison between Gabelli Convertible and Income Securities Fund Inc (GCV, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed GCV, delivering a return of +13.3% compared to +4.5%
GCV vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
GCV vs SPY - Historical Returns
Returns include dividend reinvestment.
GCV vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GCV | SPY |
|---|---|---|
| 2026 | +12.81% | +8.26% |
| 2025 | +23.46% | +18.00% |
| 2024 | +22.25% | +25.59% |
| 2023 | -16.15% | +26.72% |
| 2022 | -23.03% | -18.64% |
| 2021 | +22.16% | +30.52% |
| 2020 | +17.13% | +17.28% |
| 2019 | +44.71% | +31.09% |
| 2018 | -18.95% | -5.24% |
| 2017 | +36.96% | +20.78% |
| 2016 | +10.05% | +13.59% |
| 2015 | -12.38% | +1.31% |
| 2014 | +7.16% | +14.56% |
| 2013 | +23.64% | +29.00% |
| 2012 | +10.99% | +14.17% |
| 2011 | -8.52% | +0.85% |
| 2010 | +14.18% | +13.14% |
| 2009 | +9.26% | +22.67% |
| 2008 | -16.15% | -36.25% |
| 2007 | -6.55% | +5.32% |
| 2006 | +8.36% | +13.85% |
| 2005 | +3.02% | +5.32% |
| 2004 | -5.63% | +10.75% |
| 2003 | +31.71% | +24.18% |
| 2002 | -16.64% | -22.42% |
| 2001 | +25.20% | -10.13% |
| 2000 | +0.57% | -8.84% |
| 1999 | +1.15% | +8.61% |
GCV vs SPY Drawdown Comparison
The maximum drawdown for GCV was -55.70%, occurring on Oct 10, 2008. Recovery took 1425 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current GCV drawdown is -2.32%. The current SPY drawdown is -2.90%.
| Rank | GCV | SPY |
|---|---|---|
| #1 | -55.70% Jul 12, 2007 - Mar 11, 2013 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -45.90% Dec 23, 2021 - Jan 28, 2026 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -42.60% Feb 21, 2020 - Nov 17, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -38.47% Aug 22, 2018 - Feb 19, 2020 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -34.62% Feb 19, 2015 - Jul 21, 2017 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -23.19% May 30, 2002 - Nov 25, 2003 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -22.41% Apr 2, 2004 - Dec 18, 2006 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -16.74% Nov 5, 1999 - Jan 10, 2001 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -12.85% Feb 12, 2021 - Jun 23, 2021 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.42% Jul 26, 2013 - Mar 18, 2014 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.70% Sep 19, 2014 - Dec 11, 2014 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -9.09% Feb 2, 2001 - May 3, 2001 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.57% Aug 1, 2017 - Aug 23, 2017 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -7.79% Jun 24, 2021 - Oct 25, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.11% Sep 17, 2001 - Jan 3, 2002 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between GCV and SPY is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
GCV vs SPY dividend yield comparison.
| Year | GCV | SPY |
|---|---|---|
| 2026 | 2.59% | 0.24% |
| 2025 | 11.57% | 1.07% |
| 2024 | 12.60% | 1.21% |
| 2023 | 13.33% | 1.40% |
| 2022 | 10.00% | 1.65% |
| 2021 | 8.14% | 1.20% |
| 2020 | 7.68% | 1.52% |
| 2019 | 8.21% | 1.75% |
| 2018 | 10.93% | 2.04% |
| 2017 | 8.14% | 1.80% |
| 2016 | 8.72% | 2.03% |
| 2015 | 10.04% | 2.06% |
| 2014 | 8.39% | 1.87% |
| 2013 | 7.79% | 1.81% |
| 2012 | 9.01% | 2.18% |
| 2011 | 9.39% | 2.05% |
| 2010 | 7.68% | 1.80% |
| 2009 | 7.21% | 1.95% |
| 2008 | 14.41% | 3.02% |
| 2007 | 10.44% | 1.85% |
| 2006 | 8.94% | 1.73% |
| 2005 | 9.06% | 1.73% |
| 2004 | 8.66% | 1.82% |
| 2003 | 7.59% | 1.47% |
| 2002 | 8.77% | 1.70% |
| 2001 | 7.43% | 1.25% |
| 2000 | 9.86% | 1.15% |
| 1999 | 0.00% | 0.24% |
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