FACVX vs. FCVSX
Compare and contrast key facts about Fidelity Advisor Convertible Securities Fund Class A (FACVX) and Fidelity Convertible Securities Fund (FCVSX).
FACVX is managed by Fidelity. It was launched on Feb 19, 2009. FCVSX is managed by Fidelity. It was launched on Jan 5, 1987.
Performance
FACVX vs. FCVSX - Performance Comparison
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FACVX vs. FCVSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FACVX Fidelity Advisor Convertible Securities Fund Class A | 1.33% | 17.95% | 7.92% | 11.06% | -15.59% | 9.63% | 42.09% | 28.21% | -1.59% | 8.77% |
FCVSX Fidelity Convertible Securities Fund | 1.37% | 8.52% | 13.91% | 11.42% | -15.33% | 9.95% | 42.52% | 28.58% | -1.29% | 9.03% |
Returns By Period
The year-to-date returns for both investments are quite close, with FACVX having a 1.33% return and FCVSX slightly higher at 1.37%. Both investments have delivered pretty close results over the past 10 years, with FACVX having a 10.83% annualized return and FCVSX not far behind at 10.76%.
FACVX
- 1D
- -1.69%
- 1M
- -5.61%
- YTD
- 1.33%
- 6M
- 2.42%
- 1Y
- 24.20%
- 3Y*
- 11.28%
- 5Y*
- 5.01%
- 10Y*
- 10.83%
FCVSX
- 1D
- -1.70%
- 1M
- -5.62%
- YTD
- 1.37%
- 6M
- -5.95%
- 1Y
- 14.23%
- 3Y*
- 10.31%
- 5Y*
- 4.58%
- 10Y*
- 10.76%
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FACVX vs. FCVSX - Expense Ratio Comparison
FACVX has a 0.97% expense ratio, which is higher than FCVSX's 0.67% expense ratio.
Return for Risk
FACVX vs. FCVSX — Risk / Return Rank
FACVX
FCVSX
FACVX vs. FCVSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Convertible Securities Fund Class A (FACVX) and Fidelity Convertible Securities Fund (FCVSX). 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.
| FACVX | FCVSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.53 | 0.77 | +0.76 |
Sortino ratioReturn per unit of downside risk | 2.09 | 1.04 | +1.05 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.17 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.83 | 1.08 | +1.75 |
Martin ratioReturn relative to average drawdown | 10.69 | 3.26 | +7.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FACVX | FCVSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 0.77 | +0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.33 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.79 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.70 | +0.23 |
Correlation
The correlation between FACVX and FCVSX is 1.00, 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
FACVX vs. FCVSX - Dividend Comparison
FACVX's dividend yield for the trailing twelve months is around 11.04%, more than FCVSX's 2.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FACVX Fidelity Advisor Convertible Securities Fund Class A | 11.04% | 11.18% | 1.85% | 1.86% | 3.48% | 20.42% | 10.56% | 3.04% | 9.55% | 3.89% | 4.62% | 10.02% |
FCVSX Fidelity Convertible Securities Fund | 2.18% | 2.21% | 7.47% | 2.13% | 3.78% | 20.64% | 10.75% | 3.28% | 9.86% | 4.11% | 4.90% | 10.41% |
Drawdowns
FACVX vs. FCVSX - Drawdown Comparison
The maximum FACVX drawdown since its inception was -25.09%, smaller than the maximum FCVSX drawdown of -58.76%. Use the drawdown chart below to compare losses from any high point for FACVX and FCVSX.
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Drawdown Indicators
| FACVX | FCVSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.09% | -58.76% | +33.67% |
Max Drawdown (1Y)Largest decline over 1 year | -7.75% | -10.68% | +2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -24.32% | -24.18% | -0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -25.09% | -25.08% | -0.01% |
Current DrawdownCurrent decline from peak | -6.79% | -9.45% | +2.66% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -7.25% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 3.54% | -1.49% |
Volatility
FACVX vs. FCVSX - Volatility Comparison
Fidelity Advisor Convertible Securities Fund Class A (FACVX) and Fidelity Convertible Securities Fund (FCVSX) have volatilities of 6.32% and 6.33%, 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.
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Volatility by Period
| FACVX | FCVSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.32% | 6.33% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.07% | 15.41% | -3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.64% | 18.20% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.36% | 13.80% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.51% | 13.72% | -0.21% |