CCVIX vs. FICVX

Last updated Apr 1, 2026

Compare and contrast key facts about Calamos Convertible Fund (CCVIX) and Fidelity Advisor Convertible Securities Fund Class I (FICVX).

CCVIX is managed by Calamos. It was launched on Jun 21, 1985. FICVX is managed by Fidelity. It was launched on Feb 19, 2009.

Performance

CCVIX vs. FICVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Convertible Fund (CCVIX) and Fidelity Advisor Convertible Securities Fund Class I (FICVX). The values are adjusted to include any dividend payments, if applicable.

CCVIX vs. FICVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCVIX Calamos Convertible Fund	0.22%	18.83%	9.71%	10.61%	-21.23%	5.13%	48.51%	19.18%	0.38%	14.04%
FICVX Fidelity Advisor Convertible Securities Fund Class I	1.37%	18.28%	8.11%	11.39%	-15.38%	9.93%	42.46%	28.58%	-1.31%	9.03%

Returns By Period

In the year-to-date period, CCVIX achieves a 0.22% return, which is significantly lower than FICVX's 1.37% return. Over the past 10 years, CCVIX has underperformed FICVX with an annualized return of 10.06%, while FICVX has yielded a comparatively higher 11.11% annualized return.

CCVIX

• 1D: -1.77%
• 1M: -6.23%
• YTD: 0.22%
• 6M: 1.65%
• 1Y: 23.73%
• 3Y*: 11.90%
• 5Y*: 3.36%
• 10Y*: 10.06%

FICVX

• 1D: -1.71%
• 1M: -5.61%
• YTD: 1.37%
• 6M: 2.53%
• 1Y: 24.52%
• 3Y*: 11.55%
• 5Y*: 5.27%
• 10Y*: 11.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CCVIX vs. FICVX - Expense Ratio Comparison

CCVIX has a 1.10% expense ratio, which is higher than FICVX's 0.70% expense ratio.

CCVIX

Calamos Convertible Fund

FICVX

Fidelity Advisor Convertible Securities Fund Class I

Return for Risk

CCVIX vs. FICVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CCVIX

CCVIX Risk / Return Rank: 84
CCVIX Sharpe Ratio Rank: 82
CCVIX Sortino Ratio Rank: 81
CCVIX Omega Ratio Rank: 75
CCVIX Calmar Ratio Rank: 92
CCVIX Martin Ratio Rank: 88

FICVX

FICVX Risk / Return Rank: 85
FICVX Sharpe Ratio Rank: 82
FICVX Sortino Ratio Rank: 82
FICVX Omega Ratio Rank: 76
FICVX Calmar Ratio Rank: 93
FICVX Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CCVIX vs. FICVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible Fund (CCVIX) and Fidelity Advisor Convertible Securities Fund Class I (FICVX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CCVIX	FICVX	Difference
Sharpe ratio Return per unit of total volatility	1.52	1.55	-0.03
Sortino ratio Return per unit of downside risk	2.08	2.11	-0.04
Omega ratio Gain probability vs. loss probability	1.28	1.29	-0.01
Calmar ratio Return relative to maximum drawdown	2.69	2.87	-0.18
Martin ratio Return relative to average drawdown	9.65	10.86	-1.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CCVIX vs. FICVX - Sharpe Ratio Comparison

The current CCVIX Sharpe Ratio is 1.52, which is comparable to the FICVX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of CCVIX and FICVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CCVIX	FICVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	1.55	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.40	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.83	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.95	-0.18

Correlation

The correlation between CCVIX and FICVX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CCVIX vs. FICVX - Dividend Comparison

CCVIX's dividend yield for the trailing twelve months is around 10.23%, less than FICVX's 11.23% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCVIX Calamos Convertible Fund	10.23%	10.25%	1.31%	1.87%	0.60%	13.59%	6.56%	1.00%	14.47%	3.90%	2.84%	4.68%
FICVX Fidelity Advisor Convertible Securities Fund Class I	11.23%	11.38%	2.02%	2.12%	3.73%	20.65%	10.73%	3.28%	9.85%	4.09%	4.90%	10.39%

Drawdowns

CCVIX vs. FICVX - Drawdown Comparison

The maximum CCVIX drawdown since its inception was -36.56%, which is greater than FICVX's maximum drawdown of -25.06%. Use the drawdown chart below to compare losses from any high point for CCVIX and FICVX.

Drawdown Indicators

	CCVIX	FICVX	Difference
Max Drawdown Largest peak-to-trough decline	-36.56%	-25.06%	-11.50%
Max Drawdown (1Y) Largest decline over 1 year	-7.90%	-7.75%	-0.15%
Max Drawdown (5Y) Largest decline over 5 years	-27.33%	-24.20%	-3.13%
Max Drawdown (10Y) Largest decline over 10 years	-27.33%	-25.06%	-2.27%
Current Drawdown Current decline from peak	-7.71%	-6.80%	-0.91%
Average Drawdown Average peak-to-trough decline	-5.91%	-5.68%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	2.05%	+0.16%

Volatility

CCVIX vs. FICVX - Volatility Comparison

Calamos Convertible Fund (CCVIX) and Fidelity Advisor Convertible Securities Fund Class I (FICVX) have volatilities of 6.17% and 6.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCVIX	FICVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.17%	6.34%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	11.88%	12.08%	-0.20%
Volatility (1Y) Calculated over the trailing 1-year period	15.33%	15.65%	-0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.66%	13.36%	-0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.69%	13.50%	-0.81%