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Performance
FIQVX Performance Chart
Fidelity Advisor Convertible Securities Fund Class Z (FIQVX) is up 24.1% since the beginning of the year. FIQVX is currently trading at $45 per share. Investors who bought $1,000 worth of FIQVX shares 5 years ago would now be looking at an investment worth $1,568.
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Returns By Period
Fidelity Advisor Convertible Securities Fund Class Z (FIQVX) has returned 24.09% so far this year and 41.99% over the past 12 months.
Fidelity Advisor Convertible Securities Fund Class Z
- 1D
- 1.24%
- 1M
- 3.12%
- YTD
- 24.09%
- 6M
- 21.72%
- 1Y
- 41.99%
- 3Y*
- 18.42%
- 5Y*
- 9.42%
- 10Y*
- —
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%
FIQVX Monthly Returns History
Based on dividend-adjusted daily data since Oct 5, 2018, FIQVX's average daily return is +0.06%, while the average monthly return is +1.22%. At this rate, an investment would double in approximately 4.8 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +13.5%, while the worst month was Dec 2024 at -9.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FIQVX closed higher 55% 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 | 5.04% | 2.28% | -3.10% | 11.13% | 6.25% | 0.94% | 24.09% | ||||||
| 2025 | 3.27% | -3.05% | -3.79% | 1.69% | 3.73% | 4.75% | 2.69% | 2.01% | 5.00% | 3.44% | -1.60% | -0.61% | 18.42% |
| 2024 | -0.43% | 0.87% | 2.68% | -3.04% | 2.80% | 0.64% | 1.87% | 1.25% | 2.62% | 0.93% | 8.44% | -9.70% | 8.21% |
| 2023 | 4.42% | 0.39% | -0.71% | -1.69% | 0.40% | 4.68% | 2.52% | -2.19% | -1.98% | -3.22% | 4.27% | 4.58% | 11.53% |
| 2022 | -5.97% | 0.67% | 2.03% | -7.74% | -3.31% | -6.53% | 6.15% | 1.97% | -6.28% | 4.06% | 2.91% | -3.16% | -15.27% |
| 2021 | 2.41% | 3.92% | -2.33% | 2.89% | -0.94% | 2.04% | -0.80% | 2.09% | -1.70% | 4.19% | -2.64% | 0.80% | 10.04% |
Benchmark Metrics
Fidelity Advisor Convertible Securities Fund Class Z has an annualized alpha of 5.68%, beta of 0.65, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since October 05, 2018.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (75.54%) than losses (65.17%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 5.68% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.65 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
- 5.68%
- Beta
- 0.65
- R²
- 0.72
- Upside Capture
- 75.54%
- Downside Capture
- 65.17%
Expense Ratio
FIQVX has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FIQVX ranks 87 for risk / return — in the top 87% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Convertible Securities Fund Class Z (FIQVX) 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.
| FIQVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.37 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.95 | 2.78 | +3.16 |
| Martin ratioReturn relative to average drawdown | 21.52 | 12.44 | +9.08 |
Dividends
Dividend History
Fidelity Advisor Convertible Securities Fund Class Z provided a 9.01% dividend yield over the last twelve months, with an annual payout of $4.05 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.05 | $4.19 | $0.73 | $0.72 | $1.15 | $7.57 | $4.33 | $1.06 | $2.07 |
Dividend yield | 9.01% | 11.52% | 2.13% | 2.24% | 3.88% | 20.80% | 10.85% | 3.40% | 8.28% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Convertible Securities Fund Class Z. 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 | $0.13 | $0.00 | $0.00 | $0.13 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.33 | $0.00 | $3.36 | $4.19 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.73 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.17 | $0.00 | $0.32 | $0.72 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.00 | $0.83 | $1.15 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $7.22 | $7.57 |
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 Advisor Convertible Securities Fund Class Z. 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 Z was 25.04%, occurring on Mar 18, 2020. Recovery took 56 trading sessions.
The current Fidelity Advisor Convertible Securities Fund Class Z drawdown is 1.10%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -25.04%Mar 2020 | 27d | 2mo 22d | 3mo 19dFeb 2020 - Jun 2020 |
Bear market2022 | -24.16%Jun 2022 | 7mo 9d | 2y 3mo | 2y 11moNov 2021 - Oct 2024 |
2025 selloff2025 | -18.86%Apr 2025 | 4mo 4d | 4mo 20d | 8mo 24dDec 2024 - Aug 2025 |
Rate-hike selloffLate 2018 | -10.05%Dec 2018 | 2mo 17d | 1mo 2d | 3mo 19dOct 2018 - Jan 2019 |
2021 pullback2021 | -9.85%May 2021 | 2mo 25d | 5mo 12d | 8mo 7dFeb 2021 - Oct 2021 |
Drawdown Indicators
| FIQVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.04% | -56.78% | +31.74% |
Max Drawdown (1Y)Largest decline over 1 year | -7.10% | -9.10% | +2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -18.86% | -18.90% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -24.16% | -25.43% | +1.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.10% | -1.80% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -10.71% | +4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.03% | -0.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with FIQVX
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