GCV vs VOO
GCV vs VOO
Gabelli Convertible and Income Securities Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. GCV delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GCV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 3.20% | 0.03% | |
| AUM | $93M | $979.0B | |
| Dividend Yield | 10.07% | 1.09% | |
| Holdings | 124 | 509 | |
| YTD Return | +16.80% | +13.53% | |
| 1Y Return | +31.79% | +23.65% | |
| 3Y Return (annualized) | +16.54% | +21.27% | |
| 5Y Return (annualized) | +4.87% | +13.52% | |
| Volatility (annualized) | 16.5% | 14.1% | |
| Max Drawdown | -70.9% | -34.3% | |
| Fund Family | Gabelli Funds | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Mar 31, 1995 | Sep 7, 2010 |
GCV vs VOO Performance
Gabelli Convertible and Income Securities Fund (GCV) is a ETF from Gabelli Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year GCV returned +31.79% while VOO returned +23.65%. Year to date, GCV is up 16.80% versus a gain of 13.53% for VOO.
Over three years, GCV compounded at +16.54% per year against +21.27% for VOO; over five years the annualized figures are +4.87% and +13.52% respectively. Across the full 16-year window we track, VOO has the edge at +13.57% 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 14.1% for VOO. 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 -34.3% for VOO. 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GCV charges 3.20% per year while VOO charges 0.03%. On a $10,000 position that is $320 vs $3 annually, a gap of $317 per year that compounds over a long holding period. On income, GCV currently yields 10.07% against 1.09% for VOO.
Holdings Overlap
GCV and VOO share 25 holdings out of 549 unique holdings combined, representing a 2.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GCV | Weight in VOO | Difference |
|---|---|---|---|
| NEE | 2.52% | 0.28% | 2.24% |
| MCHP | 2.05% | 0.08% | 1.97% |
| HPE | 2.01% | 0.09% | 1.92% |
| BA | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
| JNJ | Pro | Pro | Pro |
| GE | Pro | Pro | Pro |
| COST | Pro | Pro | Pro |
| BK | Pro | Pro | Pro |
| CCI | Pro | Pro | Pro |
See all 10 holdings GCV shares with VOO Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, GCV or VOO?
GCV has an expense ratio of 3.20% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $317 per year of difference.
Which performed better, GCV or VOO?
Over the past year GCV returned +31.79% vs +23.65% for VOO, so GCV leads on 1-year performance. Over the longest common window we track (16 years), GCV annualized -0.87% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, GCV or VOO?
GCV has been the more volatile fund at 16.5% annualized versus 14.1% for VOO. Worst drawdown: GCV -70.9% vs VOO -34.3%.
Should I hold both GCV and VOO?
GCV and VOO have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GCV and VOO?
GCV and VOO share 25 common holdings with a 2.6% weight overlap. Combined, they hold 549 unique securities.
Which pays a higher dividend, GCV or VOO?
GCV yields 10.07% while VOO yields 1.09%, so GCV currently pays the higher dividend yield.
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