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Harbor Convertible Securities Fund (HICSX) Sharpe Ratio: 1.97

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

Under normal market conditions, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in a diversified portfolio of convertible securities. It also focuses primarily on convertible securities of corporate issuers with debt rated below investment-grade (below Baa3 by Moody's or below BBB- by S&P or Fitch), commonly referred to as "high-yield" or "junk" bonds.

HICSX's Sharpe Ratio of 1.97 indicates that for each unit of volatility, it generates 1.97 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 14, 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.

HICSX Sharpe Ratio Rank

HICSX Sharpe Ratio Rank: 76.176
Above Average

HICSX ranks above 76.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-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

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

HICSX Sharpe Ratio Market Positioning

The chart shows HICSX'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%): 1.06 or lower
  • Yellow zone (middle 50%): 1.06 to 1.94
  • Green zone (top 25%): 1.94 or higher
  • Top 1%: 3.91+
  • Median: 1.59 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Harbor Convertible Securities Fund's Sharpe Ratio with other mutual funds in the Convertible Bonds category across multiple time periods, showing how HICSX'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 Jul 14, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MCIFXMiller Convertible Bond Fund2.46
CHICalamos Convertible Opportunities and Income Fund2.29
CHYCalamos Convertible and High Income Closed Fund2.28
ANNPXVirtus Convertible Fund2.24
CXGCXCalamos Global Convertible Fund2.21
PACIXColumbia Convertible Securities Fund2.15
HICSXHarbor Convertible Securities Fund1.97
LOCFXLord Abbett Convertible Fund Class F31.78
FISCXFranklin Convertible Securities Fund1.77
LCFYXLord Abbett Convertible Fund1.77

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows HICSX'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 HICSX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does HICSX fit in your portfolio?

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

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