BCV vs GCV: Correlation
Measured on weekly returns over the past three years, Bancroft Fund, Ltd. (BCV) and Gabelli Convertible and Income Securities Fund, Inc. (The) (GCV) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCV and GCV?
Across a 3-year window, the weekly returns of BCV and GCV correlate at 0.61, strong. Recent behaviour matches the longer record: 0.64 over 1 year against 0.61 over 3. Stretching to 5 years gives 0.52, with an annualized covariance of 168.6 %².
By 3-year correlation, GCV places #6 of the 20 assets tracked against BCV. Their 12-month results are close: +28.3% for BCV against +26.7% for GCV.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BCV vs GCV: side by side
| BCV (Bancroft Fund, Ltd.) | GCV (Gabelli Convertible and Income Securities Fund, Inc. (The)) | |
|---|---|---|
| 1-year return | +28.3% | +26.7% |
| 5-year return | +22.7% | +23.7% |
| Volatility (ann.) | 17.6% | 15.8% |
| Beta vs S&P 500 | 0.68 | 0.57 |
| Max drawdown (3Y) | -14.6% | -18.3% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 3.7 | 4.5 |
| Dividend yield | 5.42% | 10.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCV | GCV |
|---|---|---|
| 2022 | -33.7% | -23.9% |
| 2023 | +5.6% | -15.6% |
| 2024 | +19.8% | +19.9% |
| 2025 | +33.4% | +22.9% |
| 2026 | +16.1% | +16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCV and GCV good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BCV and GCV?
The BCV/GCV correlation stands at 0.61 on a 3-year window (1 year: 0.64, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is GCV a good diversifier for BCV?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bcv-vs-gcv.json
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[](https://www.pairbook.io/pair/bcv-vs-gcv/)
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Related comparisons
Hubs: BCV correlations · GCV correlations
