Fidelity Convertible Securities Fund (FCVSX)

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The chart shows the growth of an initial investment of $10,000 in Fidelity Convertible Securities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Fidelity Convertible Securities Fund (FCVSX) has returned 1.37% so far this year and 14.23% over the past 12 months. Over the last ten years, FCVSX has returned 10.76% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 5, 1987, FCVSX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, your investment would double in approximately 6.7 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%.

Fidelity Convertible Securities Fund has an annualized alpha of 4.26%, beta of 0.61, and R² of 0.65 versus S&P 500 Index. Calculated based on daily prices since January 06, 1987.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (83.90%) than losses (77.20%) — typical of diversified or defensive assets.
• This fund generated an annualized alpha of 4.26% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• Beta of 0.61 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

FCVSX has an expense ratio of 0.67%, placing it in the medium range.

FCVSX ranks 32 for risk / return — below 32% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Fidelity Convertible Securities Fund (FCVSX) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity Convertible Securities Fund provided a 2.18% dividend yield over the last twelve months, with an annual payout of $0.81 per share.

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.

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.

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 9.45%.

The chart below shows the rolling one-month volatility.