- ISIN
- US3161458126
- Issuer
- Fidelity
- Inception Date
- Feb 19, 2009
- Category
- Convertible Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
FICVX Performance Chart
Fidelity Advisor Convertible Securities Fund Class I (FICVX) is up 14.1% since the beginning of the year. FICVX is currently trading at $41 per share. Investors who bought $1,000 worth of FICVX shares 5 years ago would now be looking at an investment worth $1,410.
Loading charts...
Compare this symbol against anything
Returns By Period
Fidelity Advisor Convertible Securities Fund Class I (FICVX) has returned 14.07% so far this year and 25.29% over the past 12 months. Over the last ten years, FICVX has returned 11.84% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Fidelity Advisor Convertible Securities Fund Class I
- 1D
- 3.01%
- 1M
- -3.63%
- 6M
- 8.61%
- YTD
- 14.07%
- 1Y
- 25.29%
- 3Y*
- 13.82%
- 5Y*
- 7.12%
- 10Y*
- 11.84%
- ALL TIME*
- 13.49%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FICVX Monthly Returns History
Based on dividend-adjusted daily data since Feb 19, 2009, FICVX's average daily return is +0.05%, while the average monthly return is +1.13%. At this rate, an investment would double in approximately 5.1 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2009 with a return of +14.3%, while the worst month was Dec 2024 at -9.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FICVX closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +5.4%, while the worst single day was Mar 16, 2020 at -6.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.03% | 2.25% | -3.10% | 11.12% | 6.25% | -0.99% | -6.23% | 14.07% | |||||
| 2025 | 3.24% | -3.05% | -3.79% | 1.67% | 3.72% | 4.72% | 2.71% | 1.98% | 4.99% | 3.42% | -1.60% | -0.61% | 18.28% |
| 2024 | -0.46% | 0.87% | 2.68% | -3.06% | 2.83% | 0.60% | 1.85% | 1.28% | 2.59% | 0.93% | 8.40% | -9.67% | 8.11% |
| 2023 | 4.41% | 0.39% | -0.74% | -1.70% | 0.43% | 4.61% | 2.56% | -2.22% | -1.98% | -3.27% | 4.27% | 4.57% | 11.39% |
| 2022 | -5.99% | 0.67% | 2.03% | -7.75% | -3.34% | -6.52% | 6.14% | 1.94% | -6.28% | 4.03% | 2.91% | -3.15% | -15.38% |
| 2021 | 2.41% | 3.91% | -2.35% | 2.87% | -0.94% | 2.02% | -0.80% | 2.09% | -1.70% | 4.19% | -2.66% | 0.81% | 9.93% |
Benchmark Metrics
Fidelity Advisor Convertible Securities Fund Class I has an annualized alpha of 3.80%, beta of 0.69, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since February 19, 2009.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (82.01%) than losses (76.55%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 3.80% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.69 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
- 3.80%
- Beta
- 0.69
- R²
- 0.76
- Upside Capture
- 82.01%
- Downside Capture
- 76.55%
Expense Ratio
FICVX has an expense ratio of 0.70%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FICVX ranks 47 for risk / return — above 47% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Convertible Securities Fund Class I (FICVX) 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.
| FICVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 2.00 | +0.02 |
| Martin ratioReturn relative to average drawdown | 7.94 | 8.49 | -0.55 |
Dividends
Dividend History
Fidelity Advisor Convertible Securities Fund Class I provided a 9.16% dividend yield over the last twelve months, with an annual payout of $3.79 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.79 | $4.14 | $0.69 | $0.69 | $1.11 | $7.52 | $4.28 | $1.02 | $2.47 | $1.14 | $1.31 | $2.74 |
Dividend yield | 9.16% | 11.38% | 2.02% | 2.12% | 3.73% | 20.65% | 10.73% | 3.28% | 9.85% | 4.09% | 4.90% | 10.39% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Convertible Securities Fund Class I. 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 | $0.00 | $0.12 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.33 | $0.00 | $3.34 | $4.14 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.69 |
| 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 | $0.81 | $1.11 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $7.20 | $7.52 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor Convertible Securities Fund Class I. 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 Advisor Convertible Securities Fund Class I was 25.06%, occurring on Mar 18, 2020. Recovery took 56 trading sessions.
The current Fidelity Advisor Convertible Securities Fund Class I drawdown is 9.04%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-25.06%Mar 2020 | 27d | 2mo 22d | 3mo 19dFeb 2020 - Jun 2020 | COVID crash2020 |
-24.20%Jun 2022 | 7mo 9d | 2y 3mo | 2y 11moNov 2021 - Oct 2024 | Bear market2022 |
-23.95%Feb 2016 | 11mo 15d | 1y 7mo | 2y 7moMar 2015 - Oct 2017 | — |
-22.27%Oct 2011 | 5mo 4d | 1y 3mo | 1y 8moMay 2011 - Jan 2013 | — |
-18.88%Apr 2025 | 4mo 4d | 4mo 20d | 8mo 24dDec 2024 - Aug 2025 | 2025 selloff2025 |
Drawdown Indicators
| FICVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.06% | -56.78% | +31.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -9.10% | -2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -18.88% | -18.90% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -24.20% | -25.43% | +1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -25.06% | -33.92% | +8.86% |
Current DrawdownCurrent decline from peak | -9.04% | -1.58% | -7.46% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -10.70% | +5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.14% | +0.83% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with FICVX
Add Fidelity Advisor Convertible Securities Fund Class I to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with FICVX