FCVSX vs. AMRMX

Last updated Jun 24, 2026

FCVSX (Fidelity Convertible Securities Fund) and AMRMX (American Funds American Mutual Fund Class A) are both mutual funds - FCVSX is a Preferred Stock/Convertible Bonds fund managed by Fidelity, while AMRMX is a Large Cap Blend Equities fund managed by American Funds. Over the past 10 years, FCVSX returned 12.91%/yr vs 11.38%/yr for AMRMX. A 0.71 correlation means they provide meaningful diversification when combined. FCVSX charges 0.67%/yr vs 0.58%/yr for AMRMX.

Performance

FCVSX vs. AMRMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Convertible Securities Fund (FCVSX) and American Funds American Mutual Fund Class A (AMRMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCVSX achieves a 23.80% return, which is significantly higher than AMRMX's 6.69% return. Over the past 10 years, FCVSX has outperformed AMRMX with an annualized return of 12.91%, while AMRMX has yielded a comparatively lower 11.38% annualized return.

FCVSX

• 1D: -0.16%
• 1M: 2.93%
• YTD: 23.80%
• 6M: 11.84%
• 1Y: 29.51%
• 3Y*: 17.26%
• 5Y*: 8.14%
• 10Y*: 12.91%

AMRMX

• 1D: -0.14%
• 1M: 0.33%
• YTD: 6.69%
• 6M: 6.16%
• 1Y: 16.32%
• 3Y*: 15.38%
• 5Y*: 10.64%
• 10Y*: 11.38%

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

FCVSX vs. AMRMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCVSX Fidelity Convertible Securities Fund	23.80%	8.52%	13.91%	11.42%	-15.33%	9.95%	42.52%	28.58%	-1.29%	9.03%
AMRMX American Funds American Mutual Fund Class A	6.69%	16.08%	14.93%	9.43%	-4.49%	24.99%	4.52%	21.53%	-2.25%	17.53%

Correlation

The correlation between FCVSX and AMRMX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jan 5, 1987	0.71

The correlation between FCVSX and AMRMX has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.

Return for Risk

FCVSX vs. AMRMX — Risk / Return Rank

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

FCVSX

FCVSX Risk / Return Rank: 41
FCVSX Sharpe Ratio Rank: 37
FCVSX Sortino Ratio Rank: 27
FCVSX Omega Ratio Rank: 41
FCVSX Calmar Ratio Rank: 59
FCVSX Martin Ratio Rank: 42

AMRMX

AMRMX Risk / Return Rank: 42
AMRMX Sharpe Ratio Rank: 43
AMRMX Sortino Ratio Rank: 42
AMRMX Omega Ratio Rank: 42
AMRMX Calmar Ratio Rank: 37
AMRMX Martin Ratio Rank: 44

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.

FCVSX vs. AMRMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Convertible Securities Fund (FCVSX) and American Funds American Mutual Fund Class A (AMRMX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FCVSX	AMRMX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	1.79	-0.15
Sortino ratio: Return per unit of downside risk	1.99	2.51	-0.52
Omega ratio: Gain probability vs. loss probability	1.32	1.32	0.00
Calmar ratio: Return relative to maximum drawdown	2.83	2.19	+0.64
Martin ratio: Return relative to average drawdown	8.54	8.76	-0.22

FCVSX vs. AMRMX - Sharpe Ratio Comparison

The current FCVSX Sharpe Ratio is 1.64, which is comparable to the AMRMX Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of FCVSX and AMRMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCVSX vs. AMRMX - Drawdown Comparison

The maximum FCVSX drawdown since its inception was -58.76%, which is greater than AMRMX's maximum drawdown of -48.75%. Use the drawdown chart below to compare losses from any high point for FCVSX and AMRMX.

Drawdown Indicators

	FCVSX	AMRMX	Difference
Max Drawdown Largest peak-to-trough decline	-58.76%	-48.75%	-10.01%
Max Drawdown (1Y) Largest decline over 1 year	-10.68%	-7.92%	-2.76%
Max Drawdown (3Y) Largest decline over 3 years	-14.56%	-12.96%	-1.60%
Max Drawdown (5Y) Largest decline over 5 years	-24.18%	-15.31%	-8.87%
Max Drawdown (10Y) Largest decline over 10 years	-25.08%	-29.81%	+4.73%
Current Drawdown Current decline from peak	-1.27%	-0.77%	-0.50%
Average Drawdown Average peak-to-trough decline	-7.22%	-4.96%	-2.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	1.97%	+1.55%

Volatility

FCVSX vs. AMRMX - Volatility Comparison

Fidelity Convertible Securities Fund (FCVSX) has a higher volatility of 6.41% compared to American Funds American Mutual Fund Class A (AMRMX) at 2.74%. This indicates that FCVSX's price experiences larger fluctuations and is considered to be riskier than AMRMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCVSX	AMRMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.41%	2.74%	+3.67%
Volatility (6M) Calculated over the trailing 6-month period	16.18%	7.45%	+8.73%
Volatility (1Y) Calculated over the trailing 1-year period	18.39%	9.70%	+8.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.12%	12.51%	+1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.97%	14.14%	-0.17%

FCVSX vs. AMRMX - Expense Ratio Comparison

FCVSX has a 0.67% expense ratio, which is higher than AMRMX's 0.58% expense ratio.

Dividends

FCVSX vs. AMRMX - Dividend Comparison

FCVSX's dividend yield for the trailing twelve months is around 1.48%, less than AMRMX's 7.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMRMX American Funds American Mutual Fund Class A	7.12%	7.55%	6.27%	3.75%	4.88%	4.65%	1.74%	4.60%	6.44%	5.96%	4.83%	6.54%
FCVSX Fidelity Convertible Securities Fund	1.48%	2.21%	7.47%	2.13%	3.78%	20.64%	10.75%	3.28%	9.86%	4.11%	4.90%	10.41%

Frequently Asked Questions

Can I hold both FCVSX and AMRMX in my portfolio?

FCVSX and AMRMX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCVSX or AMRMX?

FCVSX has higher volatility (6.41%) compared to AMRMX (2.74%). In terms of maximum drawdown, FCVSX dropped -58.76% vs AMRMX's -48.75%.

Which has better risk-adjusted returns?

AMRMX currently has the higher Sharpe Ratio (1.79 vs 1.64), 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.