FCVSX vs. ICVT
Compare and contrast key facts about Fidelity Convertible Securities Fund (FCVSX) and iShares Convertible Bond ETF (ICVT).
FCVSX is managed by Fidelity. It was launched on Jan 5, 1987. ICVT is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Convertible Cash Pay Bond > $250MM Index. It was launched on Jun 2, 2015.
Performance
FCVSX vs. ICVT - Performance Comparison
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FCVSX vs. ICVT - 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% |
ICVT iShares Convertible Bond ETF | 3.58% | 18.10% | 10.61% | 15.35% | -20.66% | -0.66% | 61.01% | 21.76% | -0.27% | 16.38% |
Returns By Period
In the year-to-date period, FCVSX achieves a 1.37% return, which is significantly lower than ICVT's 3.58% return. Over the past 10 years, FCVSX has underperformed ICVT with an annualized return of 10.76%, while ICVT has yielded a comparatively higher 12.24% 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%
ICVT
- 1D
- 2.66%
- 1M
- -2.73%
- YTD
- 3.58%
- 6M
- 2.56%
- 1Y
- 23.90%
- 3Y*
- 14.18%
- 5Y*
- 3.55%
- 10Y*
- 12.24%
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FCVSX vs. ICVT - Expense Ratio Comparison
FCVSX has a 0.67% expense ratio, which is higher than ICVT's 0.20% expense ratio.
Return for Risk
FCVSX vs. ICVT — Risk / Return Rank
FCVSX
ICVT
FCVSX vs. ICVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Convertible Securities Fund (FCVSX) and iShares Convertible Bond ETF (ICVT). 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 | ICVT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 1.71 | -0.94 |
Sortino ratioReturn per unit of downside risk | 1.04 | 2.33 | -1.29 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.32 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.08 | 3.10 | -2.02 |
Martin ratioReturn relative to average drawdown | 3.26 | 10.57 | -7.32 |
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 | ICVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.71 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.27 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.79 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.67 | +0.03 |
Correlation
The correlation between FCVSX and ICVT is 0.83, 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. ICVT - Dividend Comparison
FCVSX's dividend yield for the trailing twelve months is around 2.18%, more than ICVT's 1.62% 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% |
ICVT iShares Convertible Bond ETF | 1.62% | 1.73% | 2.19% | 1.85% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
Drawdowns
FCVSX vs. ICVT - Drawdown Comparison
The maximum FCVSX drawdown since its inception was -58.76%, which is greater than ICVT's maximum drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for FCVSX and ICVT.
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Drawdown Indicators
| FCVSX | ICVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -33.25% | -25.51% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -7.55% | -3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -24.18% | -29.95% | +5.77% |
Max Drawdown (10Y)Largest decline over 10 years | -25.08% | -33.25% | +8.17% |
Current DrawdownCurrent decline from peak | -9.45% | -3.67% | -5.78% |
Average DrawdownAverage peak-to-trough decline | -7.25% | -9.64% | +2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.21% | +1.33% |
Volatility
FCVSX vs. ICVT - Volatility Comparison
The current volatility for Fidelity Convertible Securities Fund (FCVSX) is 6.33%, while iShares Convertible Bond ETF (ICVT) has a volatility of 6.74%. This indicates that FCVSX experiences smaller price fluctuations and is considered to be less risky than ICVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCVSX | ICVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 6.74% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 15.41% | 11.65% | +3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.20% | 14.02% | +4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 13.20% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.72% | 15.54% | -1.82% |