FCCVX vs. PISHX

Last updated Jun 4, 2026

FCCVX (Fidelity Advisor Convertible Securities Fund Class C) and PISHX (Cohen & Steers Preferred Securities and Income SMA Shares) are both Preferred Stock/Convertible Bonds funds. Over the past 5 years, FCCVX returned 8.56%/yr vs 4.14%/yr for PISHX. At a 0.38 correlation, their price movements are largely independent. FCCVX charges 1.74%/yr vs 0.00%/yr for PISHX.

Performance

FCCVX vs. PISHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Convertible Securities Fund Class C (FCCVX) and Cohen & Steers Preferred Securities and Income SMA Shares (PISHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCCVX achieves a 24.86% return, which is significantly higher than PISHX's 2.00% return.

FCCVX

• 1D: 1.15%
• 1M: 7.30%
• YTD: 24.86%
• 6M: 24.23%
• 1Y: 43.01%
• 3Y*: 18.48%
• 5Y*: 8.56%
• 10Y*: 12.17%

PISHX

• 1D: 0.00%
• 1M: 0.46%
• YTD: 2.00%
• 6M: 2.20%
• 1Y: 8.70%
• 3Y*: 11.40%
• 5Y*: 4.14%
• 10Y*: —

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

FCCVX vs. PISHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FCCVX Fidelity Advisor Convertible Securities Fund Class C	24.86%	17.04%	7.28%	10.24%	-16.22%	8.77%	41.00%	14.25%
PISHX Cohen & Steers Preferred Securities and Income SMA Shares	2.00%	9.65%	12.50%	7.91%	-11.73%	4.30%	8.57%	12.46%

Correlation

The correlation between FCCVX and PISHX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019	0.38

Return for Risk

FCCVX vs. PISHX — Risk / Return Rank

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

FCCVX

FCCVX Risk / Return Rank: 88
FCCVX Sharpe Ratio Rank: 90
FCCVX Sortino Ratio Rank: 81
FCCVX Omega Ratio Rank: 78
FCCVX Calmar Ratio Rank: 96
FCCVX Martin Ratio Rank: 96

PISHX

PISHX Risk / Return Rank: 87
PISHX Sharpe Ratio Rank: 97
PISHX Sortino Ratio Rank: 97
PISHX Omega Ratio Rank: 97
PISHX Calmar Ratio Rank: 68
PISHX Martin Ratio Rank: 77

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.

FCCVX vs. PISHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Convertible Securities Fund Class C (FCCVX) and Cohen & Steers Preferred Securities and Income SMA Shares (PISHX). 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.

	FCCVX	PISHX	Difference
Sharpe ratio: Return per unit of total volatility	2.99	3.74	-0.76
Sortino ratio: Return per unit of downside risk	3.85	5.71	-1.86
Omega ratio: Gain probability vs. loss probability	1.51	1.95	-0.44
Calmar ratio: Return relative to maximum drawdown	6.14	3.18	+2.96
Martin ratio: Return relative to average drawdown	23.77	14.50	+9.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCCVX vs. PISHX - Sharpe Ratio Comparison

The current FCCVX Sharpe Ratio is 2.99, which is comparable to the PISHX Sharpe Ratio of 3.74. The chart below compares the historical Sharpe Ratios of FCCVX and PISHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FCCVX	PISHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.99	3.74	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.91	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	0.82	+0.13

Drawdowns

FCCVX vs. PISHX - Drawdown Comparison

The maximum FCCVX drawdown since its inception was -25.13%, smaller than the maximum PISHX drawdown of -27.12%. Use the drawdown chart below to compare losses from any high point for FCCVX and PISHX.

Drawdown Indicators

	FCCVX	PISHX	Difference
Max Drawdown Largest peak-to-trough decline	-25.13%	-27.12%	+1.99%
Max Drawdown (1Y) Largest decline over 1 year	-7.21%	-2.83%	-4.38%
Max Drawdown (3Y) Largest decline over 3 years	-18.98%	-3.90%	-15.08%
Max Drawdown (5Y) Largest decline over 5 years	-24.66%	-19.14%	-5.52%
Max Drawdown (10Y) Largest decline over 10 years	-25.13%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.19%	-3.94%	-2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	0.62%	+1.24%

Volatility

FCCVX vs. PISHX - Volatility Comparison

Fidelity Advisor Convertible Securities Fund Class C (FCCVX) has a higher volatility of 4.85% compared to Cohen & Steers Preferred Securities and Income SMA Shares (PISHX) at 0.72%. This indicates that FCCVX's price experiences larger fluctuations and is considered to be riskier than PISHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCCVX	PISHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	0.72%	+4.13%
Volatility (6M) Calculated over the trailing 6-month period	11.83%	2.10%	+9.73%
Volatility (1Y) Calculated over the trailing 1-year period	14.82%	2.40%	+12.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.46%	4.57%	+8.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.64%	7.35%	+6.29%

FCCVX vs. PISHX - Expense Ratio Comparison

FCCVX has a 1.74% expense ratio, which is higher than PISHX's 0.00% expense ratio.

Dividends

FCCVX vs. PISHX - Dividend Comparison

FCCVX's dividend yield for the trailing twelve months is around 8.06%, more than PISHX's 5.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCCVX Fidelity Advisor Convertible Securities Fund Class C	8.06%	10.47%	1.32%	1.12%	2.62%	19.63%	9.96%	2.31%	8.75%	3.35%	3.85%	9.24%
PISHX Cohen & Steers Preferred Securities and Income SMA Shares	5.62%	5.52%	5.89%	5.92%	5.45%	4.25%	4.59%	3.38%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCCVX and PISHX in my portfolio?

FCCVX and PISHX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCCVX or PISHX?

FCCVX has higher volatility (4.85%) compared to PISHX (0.72%). In terms of maximum drawdown, FCCVX dropped -25.13% vs PISHX's -27.12%.

Which has better risk-adjusted returns?

PISHX currently has the higher Sharpe Ratio (3.74 vs 2.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.