FCVSX vs. PSF
Compare and contrast key facts about Fidelity Convertible Securities Fund (FCVSX) and Cohen & Steers Select Preferred and Income Fund (PSF).
FCVSX is managed by Fidelity. It was launched on Jan 5, 1987. PSF is managed by Cohen & Steers.
Performance
FCVSX vs. PSF - Performance Comparison
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FCVSX vs. PSF - 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% |
PSF Cohen & Steers Select Preferred and Income Fund | -2.58% | 10.63% | 12.84% | 9.88% | -24.55% | 3.89% | -3.78% | 42.60% | -9.01% | 16.79% |
Returns By Period
In the year-to-date period, FCVSX achieves a 1.37% return, which is significantly higher than PSF's -2.58% return. Over the past 10 years, FCVSX has outperformed PSF with an annualized return of 10.76%, while PSF has yielded a comparatively lower 5.44% 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%
PSF
- 1D
- 2.21%
- 1M
- -4.29%
- YTD
- -2.58%
- 6M
- -3.17%
- 1Y
- 4.58%
- 3Y*
- 10.65%
- 5Y*
- 0.77%
- 10Y*
- 5.44%
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FCVSX vs. PSF - Expense Ratio Comparison
FCVSX has a 0.67% expense ratio, which is lower than PSF's 4.28% expense ratio.
Return for Risk
FCVSX vs. PSF — Risk / Return Rank
FCVSX
PSF
FCVSX vs. PSF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Convertible Securities Fund (FCVSX) and Cohen & Steers Select Preferred and Income Fund (PSF). 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 | PSF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 0.41 | +0.36 |
Sortino ratioReturn per unit of downside risk | 1.04 | 0.59 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.10 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.08 | 0.45 | +0.63 |
Martin ratioReturn relative to average drawdown | 3.26 | 1.78 | +1.48 |
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 | PSF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.41 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.05 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.26 | +0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.37 | +0.33 |
Correlation
The correlation between FCVSX and PSF is 0.34, 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. PSF - Dividend Comparison
FCVSX's dividend yield for the trailing twelve months is around 2.18%, less than PSF's 7.80% 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% |
PSF Cohen & Steers Select Preferred and Income Fund | 7.80% | 7.46% | 7.65% | 8.29% | 8.65% | 9.08% | 7.02% | 6.55% | 8.68% | 7.70% | 9.35% | 8.81% |
Drawdowns
FCVSX vs. PSF - Drawdown Comparison
The maximum FCVSX drawdown since its inception was -58.76%, which is greater than PSF's maximum drawdown of -55.01%. Use the drawdown chart below to compare losses from any high point for FCVSX and PSF.
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Drawdown Indicators
| FCVSX | PSF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -55.01% | -3.75% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -9.42% | -1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -24.18% | -40.80% | +16.62% |
Max Drawdown (10Y)Largest decline over 10 years | -25.08% | -55.01% | +29.93% |
Current DrawdownCurrent decline from peak | -9.45% | -11.45% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -7.25% | -10.00% | +2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.40% | +1.14% |
Volatility
FCVSX vs. PSF - Volatility Comparison
Fidelity Convertible Securities Fund (FCVSX) has a higher volatility of 6.33% compared to Cohen & Steers Select Preferred and Income Fund (PSF) at 4.65%. This indicates that FCVSX's price experiences larger fluctuations and is considered to be riskier than PSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCVSX | PSF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 4.65% | +1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 15.41% | 6.23% | +9.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.20% | 11.19% | +7.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 14.57% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.72% | 21.11% | -7.39% |