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Fidelity Advisor Convertible Securities Fund Class I (FICVX) Diversifiers

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.

Looking to diversify beyond FICVX? The mutual funds below have the lowest correlation with FICVX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FICVX.

Best Diversifiers for FICVX

1 mutual funds have low correlation with FICVX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Preferred and Capital Securities Fund (PFINX) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.30, roughly unchanged from 0.36 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PFINX
PIMCO Preferred and Capital Securities Fund0.300.350.36
73
Preferred Stock/Convertible BondsFICVX vs PFINX
LPXZX
Cohen & Steers Low Duration Preferred and Income F...0.320.350.35
82
Preferred Stock/Convertible BondsFICVX vs LPXZX
NPSRX
Nuveen Preferred Securities & Income Fund0.330.340.38
73
Preferred Stock/Convertible BondsFICVX vs NPSRX
PCSFX
Principal Capital Securities Fund0.340.320.33
76
Preferred Stock/Convertible BondsFICVX vs PCSFX
PISHX
Cohen & Steers Preferred Securities and Income SMA...0.350.360.38
85
Preferred Stock/Convertible BondsFICVX vs PISHX
See all 23 diversifiers for FICVX

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