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Fidelity Convertible Securities Fund (FCVSX) Sharpe Ratio: 1.66

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund normally invests at least 80% of assets in convertible securities, which are often lower-quality debt securities and perform more like a stock when the underlying share price is high and more like a bond when the underlying share price is low. It invests in other types of securities, including common stocks. The fund invests in domestic and foreign issuers. The advisor uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.

FCVSX's Sharpe Ratio of 1.66 indicates that for each unit of volatility, it generates 1.66 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

FCVSX Sharpe Ratio Rank

FCVSX Sharpe Ratio Rank: 38.038
Below Average

FCVSX ranks above 38.0% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

FCVSX Sharpe Ratio Market Positioning

The chart shows FCVSX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.33 or lower
  • Yellow zone (middle 50%): 1.33 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.32+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Fidelity Convertible Securities Fund's Sharpe Ratio with other mutual funds in the Preferred Stock/Convertible Bonds category across multiple time periods, showing how FCVSX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
DPIIXDestra Flaherty & Crumrine Preferred and Income Fund3.42
PISHXCohen & Steers Preferred Securities and Income SMA Shares3.37
PCSFXPrincipal Capital Securities Fund3.14
CPXIXCohen & Steers Preferred Securities and Income Fund, Inc.3.09
LPXZXCohen & Steers Low Duration Preferred and Income Fund3.09
CICVXCalamos Convertible Fund2.89
CCVIXCalamos Convertible Fund2.88
FIQVXFidelity Advisor Convertible Securities Fund Class Z2.67
FICVXFidelity Advisor Convertible Securities Fund Class I2.66
NPSRXNuveen Preferred Securities & Income Fund2.65
FCVSXFidelity Convertible Securities Fund1.66

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows FCVSX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FCVSX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does FCVSX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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