Eaton Vance California Municipal Income (CEV) vs Gabelli Convertible and Income Securities Fund (GCV)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Eaton Vance California Municipal Income (CEV) has outperformed Gabelli Convertible and Income Securities Fund (GCV) over the past year, gaining 1.9% versus a loss of 2.8%. Over five years, CEV leads with a -25.3% price change compared with -35.5% for GCV. Gabelli Convertible and Income Securities Fund is the larger company by market cap ($82.8 million vs $71.5 million), about 1.2 times the size.
On valuation, Gabelli Convertible and Income Securities Fund trades at a lower trailing P/E (4.1x vs 9.8x for Eaton Vance California Municipal Income). Gabelli Convertible and Income Securities Fund offers the higher dividend yield (11.68% vs 5.91%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CEV | GCV |
|---|---|---|
| Share price | $10.16 | $4.11 |
| Market cap | $71.46M | $82.81M |
| 1-day change | -0.78% | -0.48% |
| YTD return | +1.20% | -0.96% |
| 1-year return | +1.91% | -2.84% |
| 5-year return | -25.29% | -35.48% |
| P/E ratio (TTM) | 9.77 | 4.07 |
| EPS (TTM) | $1.04 | $1.01 |
| Dividend yield | 5.91% | 11.68% |
| Annual dividend | $0.60 | $0.48 |
| 52-week high | $10.84 | $4.80 |
| 52-week low | $9.77 | $3.98 |
| Distance from 52-week high | -6.27% | -14.37% |
| Average volume | 28.99K | 38.43K |
| Shares outstanding | 7.03M | 20.15M |
| Sector | Finance | Finance |
| Industry | Finance/Investors Services | Finance/Investors Services |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Eaton Vance California Municipal Income trades at a higher earnings multiple (9.8x vs 4.1x trailing P/E).
- Gabelli Convertible and Income Securities Fund offers a meaningfully higher dividend yield (11.68% vs 5.91%).
CEV vs GCV FAQ
Which is bigger, Eaton Vance California Municipal Income or Gabelli Convertible and Income Securities Fund?
Gabelli Convertible and Income Securities Fund (GCV) is larger, with a market capitalization of $82.81M compared with $71.46M for Eaton Vance California Municipal Income (CEV).
Which stock has performed better over the past year, CEV or GCV?
CEV returned +1.91% over the past 12 months, compared with -2.84% for GCV (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CEV or GCV?
GCV has the lower trailing P/E at 4.1, versus 9.8 for CEV. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Eaton Vance California Municipal Income or Gabelli Convertible and Income Securities Fund?
Gabelli Convertible and Income Securities Fund has the higher yield at 11.68%, compared with 5.91% for Eaton Vance California Municipal Income.
Are Eaton Vance California Municipal Income and Gabelli Convertible and Income Securities Fund in the same industry?
Yes. Both are classified in the Finance/Investors Services industry within the Finance sector.