FCVSX vs. PFINX
Compare and contrast key facts about Fidelity Convertible Securities Fund (FCVSX) and PIMCO Preferred and Capital Securities Fund (PFINX).
FCVSX is managed by Fidelity. It was launched on Jan 5, 1987. PFINX is managed by PIMCO. It was launched on Apr 12, 2015.
Performance
FCVSX vs. PFINX - Performance Comparison
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FCVSX vs. PFINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCVSX Fidelity Convertible Securities Fund | 4.06% | 8.52% | 13.91% | 11.42% | -15.33% | 9.95% | 42.52% | 28.58% | -1.29% | 9.03% |
PFINX PIMCO Preferred and Capital Securities Fund | -0.58% | 8.73% | 10.84% | 7.03% | -12.82% | 4.61% | 6.73% | 20.78% | -4.17% | 13.28% |
Returns By Period
In the year-to-date period, FCVSX achieves a 4.06% return, which is significantly higher than PFINX's -0.58% return. Over the past 10 years, FCVSX has outperformed PFINX with an annualized return of 11.05%, while PFINX has yielded a comparatively lower 6.11% annualized return.
FCVSX
- 1D
- 2.65%
- 1M
- -4.07%
- YTD
- 4.06%
- 6M
- -4.40%
- 1Y
- 16.70%
- 3Y*
- 11.27%
- 5Y*
- 4.84%
- 10Y*
- 11.05%
PFINX
- 1D
- 0.32%
- 1M
- -2.09%
- YTD
- -0.58%
- 6M
- 0.66%
- 1Y
- 6.49%
- 3Y*
- 10.08%
- 5Y*
- 2.93%
- 10Y*
- 6.11%
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FCVSX vs. PFINX - Expense Ratio Comparison
FCVSX has a 0.67% expense ratio, which is lower than PFINX's 0.79% expense ratio.
Return for Risk
FCVSX vs. PFINX — Risk / Return Rank
FCVSX
PFINX
FCVSX vs. PFINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Convertible Securities Fund (FCVSX) and PIMCO Preferred and Capital Securities Fund (PFINX). 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 | PFINX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 1.74 | -0.79 |
Sortino ratioReturn per unit of downside risk | 1.25 | 2.29 | -1.03 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.45 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.93 | -0.51 |
Martin ratioReturn relative to average drawdown | 4.29 | 7.45 | -3.16 |
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 | PFINX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 1.74 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.54 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 1.00 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.89 | -0.19 |
Correlation
The correlation between FCVSX and PFINX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FCVSX vs. PFINX - Dividend Comparison
FCVSX's dividend yield for the trailing twelve months is around 2.13%, less than PFINX's 3.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVSX Fidelity Convertible Securities Fund | 2.13% | 2.21% | 7.47% | 2.13% | 3.78% | 20.64% | 10.75% | 3.28% | 9.86% | 4.11% | 4.90% | 10.41% |
PFINX PIMCO Preferred and Capital Securities Fund | 3.86% | 3.74% | 5.30% | 6.26% | 8.54% | 5.79% | 3.06% | 6.40% | 6.43% | 7.08% | 6.19% | 2.34% |
Drawdowns
FCVSX vs. PFINX - Drawdown Comparison
The maximum FCVSX drawdown since its inception was -58.76%, which is greater than PFINX's maximum drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for FCVSX and PFINX.
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Drawdown Indicators
| FCVSX | PFINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -23.93% | -34.83% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -3.43% | -7.25% |
Max Drawdown (5Y)Largest decline over 5 years | -24.18% | -22.11% | -2.07% |
Max Drawdown (10Y)Largest decline over 10 years | -25.08% | -23.93% | -1.15% |
Current DrawdownCurrent decline from peak | -7.05% | -2.68% | -4.37% |
Average DrawdownAverage peak-to-trough decline | -7.25% | -3.50% | -3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 0.89% | +2.64% |
Volatility
FCVSX vs. PFINX - Volatility Comparison
Fidelity Convertible Securities Fund (FCVSX) has a higher volatility of 6.86% compared to PIMCO Preferred and Capital Securities Fund (PFINX) at 1.33%. This indicates that FCVSX's price experiences larger fluctuations and is considered to be riskier than PFINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCVSX | PFINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 1.33% | +5.53% |
Volatility (6M)Calculated over the trailing 6-month period | 15.63% | 2.71% | +12.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.35% | 3.83% | +14.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.83% | 5.50% | +8.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.74% | 6.12% | +7.62% |