FCVSX vs. O
FCVSX (Fidelity Convertible Securities Fund) is Preferred Stock/Convertible Bonds fund managed by Fidelity, while O (Realty Income Corporation) is a stock. Over the past 10 years, FCVSX returned 11.74%/yr vs 4.22%/yr for O. At a 0.34 correlation, their price movements are largely independent.
Performance
FCVSX vs. O - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FCVSX having a 16.87% return and O slightly lower at 16.10%. Over the past 10 years, FCVSX has outperformed O with an annualized return of 11.74%, while O has yielded a comparatively lower 4.22% annualized return.
FCVSX
- 1D
- -1.44%
- 1M
- -3.48%
- 6M
- 11.34%
- YTD
- 16.87%
- 1Y
- 16.83%
- 3Y*
- 13.94%
- 5Y*
- 7.21%
- 10Y*
- 11.74%
O
- 1D
- -0.62%
- 1M
- 2.11%
- 6M
- 10.49%
- YTD
- 16.10%
- 1Y
- 14.65%
- 3Y*
- 7.40%
- 5Y*
- 4.18%
- 10Y*
- 4.22%
FCVSX vs. O - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCVSX Fidelity Convertible Securities Fund | 16.87% | 8.52% | 13.91% | 11.42% | -15.33% | 9.95% | 42.52% | 28.58% | -1.29% | 9.03% |
O Realty Income Corporation | 16.10% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
Correlation
The correlation between FCVSX and O is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 1994 | 0.34 |
The correlation between FCVSX and O shifts across timeframes, from -0.08 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FCVSX vs. O — Risk / Return Rank
FCVSX
O
FCVSX vs. O - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Convertible Securities Fund (FCVSX) and Realty Income Corporation (O). 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 | O | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.15 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.33 | +0.34 |
| Martin ratioReturn relative to average drawdown | 4.80 | 3.03 | +1.77 |
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Drawdowns
FCVSX vs. O - Drawdown Comparison
The maximum FCVSX drawdown since its inception was -58.76%, which is greater than O's maximum drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for FCVSX and O.
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Drawdown Indicators
| FCVSX | O | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -48.45% | -10.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -11.10% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -14.56% | -26.49% | +11.93% |
Max Drawdown (5Y)Largest decline over 5 years | -24.18% | -34.48% | +10.30% |
Max Drawdown (10Y)Largest decline over 10 years | -25.08% | -48.28% | +23.20% |
Current DrawdownCurrent decline from peak | -6.80% | -3.95% | -2.85% |
Average DrawdownAverage peak-to-trough decline | -7.21% | -9.20% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 4.91% | -1.22% |
Volatility
FCVSX vs. O - Volatility Comparison
The current volatility for Fidelity Convertible Securities Fund (FCVSX) is 5.50%, while Realty Income Corporation (O) has a volatility of 5.97%. This indicates that FCVSX experiences smaller price fluctuations and is considered to be less risky than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCVSX | O | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.50% | 5.97% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 13.21% | 12.57% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 16.86% | +1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 18.98% | -4.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.99% | 25.65% | -11.66% |
Dividends
FCVSX vs. O - Dividend Comparison
FCVSX's dividend yield for the trailing twelve months is around 1.04%, less than O's 5.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVSX Fidelity Convertible Securities Fund | 1.04% | 2.21% | 7.47% | 2.13% | 3.78% | 20.64% | 10.75% | 3.28% | 9.86% | 4.11% | 4.90% | 10.41% |
O Realty Income Corporation | 5.08% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
Frequently Asked Questions
FCVSX and O have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
O has higher volatility (5.97%) compared to FCVSX (5.50%). In terms of maximum drawdown, FCVSX dropped -58.76% vs O's -48.45%.
FCVSX currently has the higher Sharpe Ratio (0.95 vs 0.88), 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.
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