GCV vs PSMD
Gabelli Convertible and Income Securities Fund vs Pacer Swan SOS Moderate (January) ETF
Which is better, GCV or PSMD?
Each has led over a different period.
PSMD has a lower expense ratio. GCV led over 3Y, PSMD over 1Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GCV | PSMD |
|---|---|---|
| Expense Ratio | 3.20% | 0.49%Best |
| AUM | $89M | $96M |
| Dividend Yield | 11.13% | 0.00% |
| Holdings | 149 | 12 |
| YTD Return | +2.26% | +8.82%Best |
| 1Y Return | +3.49% | +11.77%Best |
| 3Y Return (annualized) | +16.50%Best | +12.79% |
| 5Y Return (annualized) | +1.97% | +9.42%Best |
| Volatility (annualized) | 17.1% | 7.3%Best |
| Max Drawdown | -45.9% | -12.0%Best |
| $10,000 over 5 years | $11,025 | $15,685Best |
| Fund Family | Gabelli Funds | Pacer ETFs |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Equity-oriented Balanced | Equity-oriented Balanced |
| Inception | Mar 31, 1995 | Dec 22, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 23, 2020 to Oct 14, 2026 (5.8 years).
GCV vs PSMD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.8 years both funds cover.
GCV vs PSMD Performance
Gabelli Convertible and Income Securities Fund (GCV) is an ETF from Gabelli Funds and Pacer Swan SOS Moderate (January) ETF (PSMD) is an ETF from Pacer ETFs. Over the past year GCV returned +3.49% while PSMD returned +11.77%. Year to date, GCV is up 2.26% versus a gain of 8.82% for PSMD.
Over three years, GCV compounded at +16.50% per year against +12.79% for PSMD; over five years the annualized figures are +1.97% and +9.42% respectively. Across the full 6-year window we track, PSMD has the edge at +9.83% annualized vs +2.81%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GCV has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 7.3% for PSMD. 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 -45.9% for GCV and -12.0% for PSMD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.58. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GCV charges 3.20% per year while PSMD charges 0.49%. On a $10,000 position that is $320 vs $49 annually, a gap of $271 per year that compounds over a long holding period. On income, GCV currently yields 11.13% against 0.00% for PSMD.
You are not choosing between two funds in isolation.
Whichever of GCV and PSMD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GCV or PSMD?
GCV has an expense ratio of 3.20% while PSMD charges 0.49%. PSMD is the cheaper option, by $271 a year on a $10,000 investment.
Which performed better, GCV or PSMD?
Over the past year GCV returned +3.49% vs +11.77% for PSMD, so PSMD leads on 1-year performance. Over the longest common window we track (6 years), GCV annualized +2.81% vs +9.83% for PSMD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GCV or PSMD?
GCV has been the more volatile fund at 17.1% annualized versus 7.3% for PSMD. Worst drawdown: GCV -45.9% vs PSMD -12.0%.
Should I hold both GCV and PSMD?
GCV and PSMD have a monthly-return correlation of 0.58, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GCV or PSMD?
GCV yields 11.13% while PSMD yields 0.00%, so GCV currently pays the higher dividend yield.
Is PSMD better than GCV?
PSMD has a lower expense ratio. GCV led over 3Y, PSMD over 1Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.