FCVSX vs. O
FCVSX (Fidelity Convertible Securities Fund) is Convertible Bonds fund managed by Fidelity, while O (Realty Income Corporation) is a stock. Over the past 10 years, FCVSX returned 11.65%/yr vs 4.28%/yr for O. Their 0.33 correlation means their historical movements had little consistent relationship.
Performance
FCVSX vs. O - Performance Comparison
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Returns By Period
In the year-to-date period, FCVSX achieves a 16.72% return, which is significantly higher than O's 15.00% return. Over the past 10 years, FCVSX has outperformed O with an annualized return of 11.65%, while O has yielded a comparatively lower 4.28% annualized return.
FCVSX
- 1D
- 1.98%
- 1M
- -1.38%
- 6M
- 10.25%
- YTD
- 16.72%
- 1Y
- 16.30%
- 3Y*
- 14.11%
- 5Y*
- 6.89%
- 10Y*
- 11.65%
- ALL TIME*
- 10.03%
O
- 1D
- -0.91%
- 1M
- -1.06%
- 6M
- 5.01%
- YTD
- 15.00%
- 1Y
- 15.48%
- 3Y*
- 7.87%
- 5Y*
- 3.46%
- 10Y*
- 4.28%
- ALL TIME*
- 13.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $307.48M | $324.00M | $373.23M |
FCVSX vs. O - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCVSX Fidelity Convertible Securities Fund | 16.72% | 8.52% | 13.91% | 11.42% | -15.33% | 9.95% | 42.52% | 28.58% | -1.29% | 9.03% |
O Realty Income Corporation | 15.00% | 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 -0.10, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 1994 | 0.33 |
The correlation between FCVSX and O shifts across timeframes, from -0.10 (1 year) to 0.33 (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 | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.16 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.40 | +0.16 |
| Martin ratioReturn relative to average drawdown | 4.23 | 3.18 | +1.06 |
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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 | -11.39% | -11.10% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -14.56% | -22.36% | +7.80% |
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 | -6.92% | -4.86% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -7.21% | -9.18% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 4.89% | -0.70% |
Volatility
FCVSX vs. O - Volatility Comparison
Fidelity Convertible Securities Fund (FCVSX) has a higher volatility of 6.21% compared to Realty Income Corporation (O) at 5.46%. This indicates that FCVSX's price experiences larger fluctuations and is considered to be riskier 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 | 6.21% | 5.46% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 12.87% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.43% | 16.52% | +2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 19.05% | -4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.08% | 25.66% | -11.58% |
Dividends
FCVSX vs. O - Dividend Comparison
FCVSX's dividend yield for the trailing twelve months is around 1.40%, less than O's 5.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVSX Fidelity Convertible Securities Fund | 1.40% | 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 | 5.15% | 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 -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCVSX has higher volatility (6.21%) compared to O (5.46%). In terms of maximum drawdown, FCVSX dropped -58.76% vs O's -48.45%.
O currently has the higher Sharpe Ratio (0.95 vs 0.92), 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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