FCVSX vs. PISHX
Compare and contrast key facts about Fidelity Convertible Securities Fund (FCVSX) and Cohen & Steers Preferred Securities and Income SMA Shares (PISHX).
FCVSX is managed by Fidelity. It was launched on Jan 5, 1987. PISHX is managed by Cohen & Steers. It was launched on Feb 28, 2019.
Performance
FCVSX vs. PISHX - Performance Comparison
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FCVSX vs. PISHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FCVSX Fidelity Convertible Securities Fund | 4.06% | 8.52% | 13.91% | 11.42% | -15.33% | 9.95% | 42.52% | 15.21% |
PISHX Cohen & Steers Preferred Securities and Income SMA Shares | -1.23% | 9.65% | 12.50% | 7.91% | -11.73% | 4.30% | 8.57% | 12.46% |
Returns By Period
In the year-to-date period, FCVSX achieves a 4.06% return, which is significantly higher than PISHX's -1.23% 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%
PISHX
- 1D
- -0.10%
- 1M
- -2.29%
- YTD
- -1.23%
- 6M
- -0.02%
- 1Y
- 6.65%
- 3Y*
- 10.87%
- 5Y*
- 3.97%
- 10Y*
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FCVSX vs. PISHX - Expense Ratio Comparison
FCVSX has a 0.67% expense ratio, which is higher than PISHX's 0.00% expense ratio.
Return for Risk
FCVSX vs. PISHX — Risk / Return Rank
FCVSX
PISHX
FCVSX vs. PISHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Convertible Securities Fund (FCVSX) and Cohen & Steers Preferred Securities and Income SMA Shares (PISHX). 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 | PISHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 2.12 | -1.17 |
Sortino ratioReturn per unit of downside risk | 1.25 | 2.65 | -1.40 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.53 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.93 | -0.52 |
Martin ratioReturn relative to average drawdown | 4.29 | 8.44 | -4.15 |
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 | PISHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 2.12 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.88 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.77 | -0.07 |
Correlation
The correlation between FCVSX and PISHX is 0.38, 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. PISHX - Dividend Comparison
FCVSX's dividend yield for the trailing twelve months is around 2.13%, less than PISHX's 5.13% 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% |
PISHX Cohen & Steers Preferred Securities and Income SMA Shares | 5.13% | 5.52% | 5.89% | 5.92% | 5.45% | 4.25% | 4.59% | 3.38% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FCVSX vs. PISHX - Drawdown Comparison
The maximum FCVSX drawdown since its inception was -58.76%, which is greater than PISHX's maximum drawdown of -27.12%. Use the drawdown chart below to compare losses from any high point for FCVSX and PISHX.
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Drawdown Indicators
| FCVSX | PISHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -27.12% | -31.64% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -3.46% | -7.22% |
Max Drawdown (5Y)Largest decline over 5 years | -24.18% | -19.14% | -5.04% |
Max Drawdown (10Y)Largest decline over 10 years | -25.08% | — | — |
Current DrawdownCurrent decline from peak | -7.05% | -2.92% | -4.13% |
Average DrawdownAverage peak-to-trough decline | -7.25% | -4.03% | -3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 0.79% | +2.74% |
Volatility
FCVSX vs. PISHX - Volatility Comparison
Fidelity Convertible Securities Fund (FCVSX) has a higher volatility of 6.86% compared to Cohen & Steers Preferred Securities and Income SMA Shares (PISHX) at 1.19%. This indicates that FCVSX's price experiences larger fluctuations and is considered to be riskier than PISHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCVSX | PISHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 1.19% | +5.67% |
Volatility (6M)Calculated over the trailing 6-month period | 15.63% | 1.77% | +13.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.35% | 3.22% | +15.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.83% | 4.54% | +9.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.74% | 7.42% | +6.32% |