First Mortgage Income Fund (FMY) 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 9, 2026.
Summary
Gabelli Convertible and Income Securities Fund is the larger company by market cap ($81.8 million vs $46.6 million), about 1.8 times the size. On valuation, Gabelli Convertible and Income Securities Fund trades at a lower trailing P/E (4.0x vs 16.0x for First Mortgage Income Fund). Gabelli Convertible and Income Securities Fund offers the higher dividend yield (11.82% vs 7.32%).
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 | FMY | GCV |
|---|---|---|
| Share price | $11.06 | $4.06 |
| Market cap | $46.60M | $81.80M |
| 1-day change | +0.73% | -1.22% |
| YTD return | — | -2.17% |
| 1-year return | — | -5.36% |
| 5-year return | — | -36.26% |
| P/E ratio (TTM) | 16.03 | 4.02 |
| EPS (TTM) | $0.69 | $1.01 |
| Dividend yield | 7.32% | 11.82% |
| Annual dividend | $0.81 | $0.48 |
| 52-week high | $12.36 | $4.80 |
| 52-week low | $10.67 | $3.98 |
| Distance from 52-week high | -10.52% | -15.42% |
| Average volume | 3.40K | 39.97K |
| Shares outstanding | 4.21M | 20.15M |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
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
- First Mortgage Income Fund trades at a higher earnings multiple (16.0x vs 4.0x trailing P/E).
- Gabelli Convertible and Income Securities Fund offers a meaningfully higher dividend yield (11.82% vs 7.32%).
About First Mortgage Income Fund
FMY stock →First Trust Mortgage Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Brookfield Investment Management Inc.
Financial Services · Asset Management
About Gabelli Convertible and Income Securities Fund
GCV stock →The Gabelli Convertible and Income Securities Fund Inc. is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc.
Financial Services · Asset Management
FMY vs GCV FAQ
Which is bigger, First Mortgage Income Fund or Gabelli Convertible and Income Securities Fund?
Gabelli Convertible and Income Securities Fund (GCV) is larger, with a market capitalization of $81.80M compared with $46.60M for First Mortgage Income Fund (FMY).
Which has the lower P/E ratio, FMY or GCV?
GCV has the lower trailing P/E at 4.0, versus 16.0 for FMY. 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, First Mortgage Income Fund or Gabelli Convertible and Income Securities Fund?
Gabelli Convertible and Income Securities Fund has the higher yield at 11.82%, compared with 7.32% for First Mortgage Income Fund.
Are First Mortgage Income Fund and Gabelli Convertible and Income Securities Fund in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.