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Performance
FCVSX Performance Chart
Fidelity Convertible Securities Fund (FCVSX) is up 24.0% since the beginning of the year. FCVSX is currently trading at $45 per share. Investors who bought $1,000 worth of FCVSX shares 5 years ago would now be looking at an investment worth $1,509.
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Returns By Period
Fidelity Convertible Securities Fund (FCVSX) has returned 23.99% so far this year and 30.12% over the past 12 months. Over the last ten years, FCVSX has returned 12.79% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Fidelity Convertible Securities Fund
- 1D
- 1.21%
- 1M
- 3.09%
- YTD
- 23.99%
- 6M
- 11.57%
- 1Y
- 30.12%
- 3Y*
- 16.96%
- 5Y*
- 8.58%
- 10Y*
- 12.79%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FCVSX Monthly Returns History
Based on dividend-adjusted daily data since Jan 5, 1987, FCVSX's average daily return is +0.04%, while the average monthly return is +0.91%. At this rate, an investment would double in approximately 6.4 years.
Historically, 62% of months were positive and 38% were negative. The best month was Dec 1999 with a return of +15.9%, while the worst month was Oct 2008 at -22.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FCVSX closed higher 55% of trading days. The best single day was Oct 13, 2008 with a return of +8.3%, while the worst single day was Dec 29, 2025 at -9.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.02% | 2.27% | -3.11% | 11.15% | 6.23% | 0.92% | 23.99% | ||||||
| 2025 | 3.23% | -3.04% | -3.78% | 1.66% | 3.75% | 4.71% | 2.72% | 1.97% | 5.01% | 3.41% | -1.60% | -8.83% | 8.52% |
| 2024 | -0.46% | 0.87% | 2.70% | -3.08% | 2.82% | 0.60% | 1.86% | 1.28% | 2.58% | 0.93% | 8.41% | -4.84% | 13.91% |
| 2023 | 4.40% | 0.39% | -0.74% | -1.68% | 0.40% | 4.63% | 2.55% | -2.21% | -1.98% | -3.24% | 4.26% | 4.57% | 11.42% |
| 2022 | -5.95% | 0.67% | 2.00% | -7.74% | -3.33% | -6.54% | 6.18% | 1.94% | -6.30% | 4.06% | 2.93% | -3.17% | -15.33% |
| 2021 | 2.40% | 3.91% | -2.35% | 2.88% | -0.94% | 2.04% | -0.81% | 2.11% | -1.72% | 4.18% | -2.65% | 0.80% | 9.95% |
Benchmark Metrics
Fidelity Convertible Securities Fund has an annualized alpha of 4.45%, beta of 0.62, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since January 05, 1987.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (84.08%) than losses (76.86%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 4.45% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.62 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 4.45%
- Beta
- 0.62
- R²
- 0.65
- Upside Capture
- 84.08%
- Downside Capture
- 76.86%
Expense Ratio
FCVSX has an expense ratio of 0.67%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FCVSX ranks 42 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Convertible Securities Fund (FCVSX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FCVSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 2.78 | +0.06 |
| Martin ratioReturn relative to average drawdown | 8.60 | 12.44 | -3.84 |
Dividends
Dividend History
Fidelity Convertible Securities Fund provided a 1.48% dividend yield over the last twelve months, with an annual payout of $0.67 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.67 | $0.81 | $2.57 | $0.69 | $1.13 | $7.53 | $4.30 | $1.02 | $2.47 | $1.15 | $1.31 | $2.76 |
Dividend yield | 1.48% | 2.21% | 7.47% | 2.13% | 3.78% | 20.64% | 10.75% | 3.28% | 9.86% | 4.11% | 4.90% | 10.41% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Convertible Securities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.81 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.18 | $0.00 | $1.87 | $2.57 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.16 | $0.00 | $0.31 | $0.69 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.82 | $1.13 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $7.21 | $7.53 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Convertible Securities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Convertible Securities Fund was 58.76%, occurring on Nov 20, 2008. Recovery took 540 trading sessions.
The current Fidelity Convertible Securities Fund drawdown is 1.12%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -58.76%Nov 2008 | 6mo 5d | 2y 1mo | 2y 7moMay 2008 - Jan 2011 |
Dot-com crash2000–2002 | -32.21%Oct 2002 | 2y 7mo | 1y 3mo | 3y 10moMar 2000 - Jan 2004 |
1998 bear market1998 | -27.21%Oct 1998 | 2mo 20d | 5mo 29d | 8mo 19dJul 1998 - Apr 1999 |
COVID crash2020 | -25.08%Mar 2020 | 27d | 2mo 22d | 3mo 19dFeb 2020 - Jun 2020 |
Bear market2022 | -24.18%Jun 2022 | 7mo 9d | 2y 3mo | 2y 11moNov 2021 - Oct 2024 |
Drawdown Indicators
| FCVSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -56.78% | -1.98% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -9.10% | -1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -14.56% | -18.90% | +4.34% |
Max Drawdown (5Y)Largest decline over 5 years | -24.18% | -25.43% | +1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -25.08% | -33.92% | +8.84% |
Current DrawdownCurrent decline from peak | -1.12% | -1.80% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -10.71% | +3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 2.03% | +1.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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