GCV vs SCHD
GCV vs SCHD
Gabelli Convertible and Income Securities Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | GCV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 3.20% | 0.06% | |
| AUM | $93M | $103.7B | |
| Dividend Yield | 10.07% | 3.31% | |
| Holdings | 124 | 104 | |
| YTD Return | +16.80% | +24.08% | |
| 1Y Return | +31.79% | +31.88% | |
| 3Y Return (annualized) | +16.54% | +14.92% | |
| 5Y Return (annualized) | +4.87% | +9.85% | |
| Volatility (annualized) | 16.5% | 13.6% | |
| Max Drawdown | -70.9% | -33.4% | |
| Fund Family | Gabelli Funds | Charles Schwab Asset Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Mar 31, 1995 | Oct 20, 2011 |
GCV vs SCHD Performance
Gabelli Convertible and Income Securities Fund (GCV) is a ETF from Gabelli Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year GCV returned +31.79% while SCHD returned +31.88%. Year to date, GCV is up 16.80% versus a gain of 24.08% for SCHD.
Over three years, GCV compounded at +16.54% per year against +14.92% for SCHD; over five years the annualized figures are +4.87% and +9.85% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs -0.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GCV has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -70.9% for GCV and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GCV charges 3.20% per year while SCHD charges 0.06%. On a $10,000 position that is $320 vs $6 annually, a gap of $314 per year that compounds over a long holding period. On income, GCV currently yields 10.07% against 3.31% for SCHD.
Holdings Overlap
GCV and SCHD share 1 holdings out of 168 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GCV | Weight in SCHD | Difference |
|---|---|---|---|
| MRK | 0.12% | 4.32% | 4.20% |
Frequently Asked Questions
Which is cheaper, GCV or SCHD?
GCV has an expense ratio of 3.20% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $314 per year of difference.
Which performed better, GCV or SCHD?
Over the past year GCV returned +31.79% vs +31.88% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), GCV annualized -0.87% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, GCV or SCHD?
GCV has been the more volatile fund at 16.5% annualized versus 13.6% for SCHD. Worst drawdown: GCV -70.9% vs SCHD -33.4%.
Should I hold both GCV and SCHD?
GCV and SCHD have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GCV and SCHD?
GCV and SCHD share 1 common holdings with a 0.1% weight overlap. Combined, they hold 168 unique securities.
Which pays a higher dividend, GCV or SCHD?
GCV yields 10.07% while SCHD yields 3.31%, so GCV currently pays the higher dividend yield.
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