FCVSX vs. ABALX
Compare and contrast key facts about Fidelity Convertible Securities Fund (FCVSX) and American Funds American Balanced Fund Class A (ABALX).
FCVSX is managed by Fidelity. It was launched on Jan 5, 1987. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Performance
FCVSX vs. ABALX - Performance Comparison
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FCVSX vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCVSX Fidelity Convertible Securities Fund | 4.06% | 8.52% | 13.91% | 11.42% | -15.33% | 9.95% | 42.52% | 28.58% | -1.29% | 9.03% |
ABALX American Funds American Balanced Fund Class A | -1.12% | 18.45% | 14.63% | 13.65% | -12.13% | 15.75% | 10.85% | 18.60% | -3.35% | 14.69% |
Returns By Period
In the year-to-date period, FCVSX achieves a 4.06% return, which is significantly higher than ABALX's -1.12% return. Over the past 10 years, FCVSX has outperformed ABALX with an annualized return of 11.05%, while ABALX has yielded a comparatively lower 9.17% annualized return.
FCVSX
- 1D
- 2.65%
- 1M
- -4.07%
- YTD
- 4.06%
- 6M
- -4.40%
- 1Y
- 16.70%
- 3Y*
- 11.27%
- 5Y*
- 4.84%
- 10Y*
- 11.05%
ABALX
- 1D
- 1.79%
- 1M
- -4.88%
- YTD
- -1.12%
- 6M
- 2.08%
- 1Y
- 16.95%
- 3Y*
- 14.07%
- 5Y*
- 8.20%
- 10Y*
- 9.17%
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FCVSX vs. ABALX - Expense Ratio Comparison
FCVSX has a 0.67% expense ratio, which is higher than ABALX's 0.56% expense ratio.
Return for Risk
FCVSX vs. ABALX — Risk / Return Rank
FCVSX
ABALX
FCVSX vs. ABALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Convertible Securities Fund (FCVSX) and American Funds American Balanced Fund Class A (ABALX). 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.
| FCVSX | ABALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 1.56 | -0.61 |
Sortino ratioReturn per unit of downside risk | 1.25 | 2.28 | -1.03 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.32 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 2.43 | -1.02 |
Martin ratioReturn relative to average drawdown | 4.29 | 10.15 | -5.85 |
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
| FCVSX | ABALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 1.56 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.79 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.87 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.79 | -0.09 |
Correlation
The correlation between FCVSX and ABALX is 0.74, 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
FCVSX vs. ABALX - Dividend Comparison
FCVSX's dividend yield for the trailing twelve months is around 2.13%, less than ABALX's 8.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVSX Fidelity Convertible Securities Fund | 2.13% | 2.21% | 7.47% | 2.13% | 3.78% | 20.64% | 10.75% | 3.28% | 9.86% | 4.11% | 4.90% | 10.41% |
ABALX American Funds American Balanced Fund Class A | 8.39% | 8.27% | 6.87% | 2.05% | 2.30% | 4.30% | 4.35% | 3.49% | 5.49% | 4.72% | 4.24% | 5.60% |
Drawdowns
FCVSX vs. ABALX - Drawdown Comparison
The maximum FCVSX drawdown since its inception was -58.76%, which is greater than ABALX's maximum drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for FCVSX and ABALX.
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Drawdown Indicators
| FCVSX | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -40.20% | -18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -7.33% | -3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -24.18% | -18.76% | -5.42% |
Max Drawdown (10Y)Largest decline over 10 years | -25.08% | -22.34% | -2.74% |
Current DrawdownCurrent decline from peak | -7.05% | -5.37% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -7.25% | -3.86% | -3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 1.76% | +1.77% |
Volatility
FCVSX vs. ABALX - Volatility Comparison
Fidelity Convertible Securities Fund (FCVSX) has a higher volatility of 6.86% compared to American Funds American Balanced Fund Class A (ABALX) at 3.89%. This indicates that FCVSX's price experiences larger fluctuations and is considered to be riskier than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCVSX | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 3.89% | +2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 15.63% | 6.96% | +8.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.35% | 11.22% | +7.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.83% | 10.45% | +3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.74% | 10.63% | +3.11% |