GCV vs RULE
Gabelli Convertible and Income Securities Fund vs Adaptive Core ETF
Which is better, GCV or RULE?
RULE has been ahead.
RULE has a lower expense ratio. RULE led over 1Y, 3Y, 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 | RULE |
|---|---|---|
| Expense Ratio | 3.20% | 1.84%Best |
| AUM | $89M | $18M |
| Dividend Yield | 11.13% | 0.00% |
| Holdings | 149 | 35 |
| YTD Return | +2.26% | +28.90%Best |
| 1Y Return | +3.49% | +32.56%Best |
| 3Y Return (annualized) | +16.50% | +17.05%Best |
| 5Y Return (annualized) | +1.97% | +4.11%Best |
| Volatility (annualized) | 18.0% | 17.6%Best |
| Max Drawdown | -45.9% | -30.5%Best |
| $10,000 over 5 years | $11,025 | $12,231Best |
| Fund Family | Gabelli Funds | Mohr Funds |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Equity-oriented Balanced | Equity-oriented Balanced |
| Inception | Mar 31, 1995 | Nov 2, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 3, 2021 to Oct 14, 2026 (4.9 years).
GCV vs RULE 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 4.9 years both funds cover.
GCV vs RULE Performance
Gabelli Convertible and Income Securities Fund (GCV) is an ETF from Gabelli Funds and Adaptive Core ETF (RULE) is an ETF from Mohr Funds. Over the past year GCV returned +3.49% while RULE returned +32.56%. Year to date, GCV is up 2.26% versus a gain of 28.90% for RULE.
Over three years, GCV compounded at +16.50% per year against +17.05% for RULE; over five years the annualized figures are +1.97% and +4.11% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GCV has been the more volatile fund, with annualized monthly volatility of 18.0% compared with 17.6% for RULE. 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 -30.5% for RULE. 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 RULE charges 1.84%. On a $10,000 position that is $320 vs $184 annually, a gap of $136 per year that compounds over a long holding period. On income, GCV currently yields 11.13% against 0.00% for RULE.
Holdings Overlap
We hold position weights for 73 holdings in GCV and 35 in RULE, totalling 34.2% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 94 days apart, GCV as of Jun 30, 2026 and RULE as of Oct 2, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 73 positions we hold weights for in GCV and 35 in RULE, against full books of 149 and 35.
You are not choosing between two funds in isolation.
Whichever of GCV and RULE 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 RULE?
GCV has an expense ratio of 3.20% while RULE charges 1.84%. RULE is the cheaper option, by $136 a year on a $10,000 investment.
Which performed better, GCV or RULE?
Over the past year GCV returned +3.49% vs +32.56% for RULE, so RULE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GCV or RULE?
GCV has been the more volatile fund at 18.0% annualized versus 17.6% for RULE. Worst drawdown: GCV -45.9% vs RULE -30.5%.
Should I hold both GCV and RULE?
GCV and RULE 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 RULE?
GCV yields 11.13% while RULE yields 0.00%, so GCV currently pays the higher dividend yield.
Is RULE better than GCV?
RULE has a lower expense ratio. RULE led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.