FCVSX vs. FSPSX
Compare and contrast key facts about Fidelity Convertible Securities Fund (FCVSX) and Fidelity International Index Fund (FSPSX).
FCVSX is managed by Fidelity. It was launched on Jan 5, 1987. FSPSX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI ex USA IMI Index. It was launched on Nov 5, 1997.
Performance
FCVSX vs. FSPSX - Performance Comparison
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FCVSX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSPSX Fidelity International Index Fund | -1.94% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -13.55% | 25.37% |
Returns By Period
In the year-to-date period, FCVSX achieves a 1.37% return, which is significantly higher than FSPSX's -1.94% return. Over the past 10 years, FCVSX has outperformed FSPSX with an annualized return of 10.76%, while FSPSX has yielded a comparatively lower 8.65% annualized return.
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%
FSPSX
- 1D
- 0.42%
- 1M
- -10.86%
- YTD
- -1.94%
- 6M
- 2.58%
- 1Y
- 19.89%
- 3Y*
- 13.50%
- 5Y*
- 7.96%
- 10Y*
- 8.65%
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FCVSX vs. FSPSX - Expense Ratio Comparison
FCVSX has a 0.67% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FCVSX vs. FSPSX — Risk / Return Rank
FCVSX
FSPSX
FCVSX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Convertible Securities Fund (FCVSX) and Fidelity International Index Fund (FSPSX). 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 | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 1.11 | -0.35 |
Sortino ratioReturn per unit of downside risk | 1.04 | 1.56 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.54 | -0.46 |
Martin ratioReturn relative to average drawdown | 3.26 | 5.93 | -2.67 |
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 | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.11 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.51 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.53 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.46 | +0.24 |
Correlation
The correlation between FCVSX and FSPSX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FCVSX vs. FSPSX - Dividend Comparison
FCVSX's dividend yield for the trailing twelve months is around 2.18%, less than FSPSX's 3.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSPSX Fidelity International Index Fund | 3.22% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
Drawdowns
FCVSX vs. FSPSX - Drawdown Comparison
The maximum FCVSX drawdown since its inception was -58.76%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FCVSX and FSPSX.
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Drawdown Indicators
| FCVSX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -33.69% | -25.07% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -11.39% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -24.18% | -29.41% | +5.23% |
Max Drawdown (10Y)Largest decline over 10 years | -25.08% | -33.69% | +8.61% |
Current DrawdownCurrent decline from peak | -9.45% | -10.86% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -7.25% | -6.59% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.96% | +0.58% |
Volatility
FCVSX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Convertible Securities Fund (FCVSX) is 6.33%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that FCVSX experiences smaller price fluctuations and is considered to be less risky than FSPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCVSX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 7.04% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 15.41% | 10.63% | +4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.20% | 16.79% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 15.77% | -1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.72% | 16.47% | -2.75% |