FCVSX vs. SPY
Compare and contrast key facts about Fidelity Convertible Securities Fund (FCVSX) and SPDR S&P 500 ETF (SPY).
FCVSX is managed by Fidelity. It was launched on Jan 5, 1987. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCVSX or SPY.
Correlation
The correlation between FCVSX and SPY is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FCVSX vs. SPY - Performance Comparison
Key characteristics
FCVSX:
0.51
SPY:
0.50
FCVSX:
0.78
SPY:
0.88
FCVSX:
1.11
SPY:
1.13
FCVSX:
0.28
SPY:
0.56
FCVSX:
1.18
SPY:
2.17
FCVSX:
6.15%
SPY:
4.85%
FCVSX:
13.99%
SPY:
20.02%
FCVSX:
-58.76%
SPY:
-55.19%
FCVSX:
-17.98%
SPY:
-7.65%
Returns By Period
In the year-to-date period, FCVSX achieves a -0.10% return, which is significantly higher than SPY's -3.42% return. Over the past 10 years, FCVSX has underperformed SPY with an annualized return of 3.23%, while SPY has yielded a comparatively higher 12.35% annualized return.
FCVSX
-0.10%
5.58%
-4.92%
7.11%
4.57%
3.23%
SPY
-3.42%
2.87%
-5.06%
9.87%
15.76%
12.35%
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FCVSX vs. SPY - Expense Ratio Comparison
FCVSX has a 0.67% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FCVSX vs. SPY — Risk-Adjusted Performance Rank
FCVSX
SPY
FCVSX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Convertible Securities Fund (FCVSX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
FCVSX vs. SPY - Dividend Comparison
FCVSX's dividend yield for the trailing twelve months is around 3.56%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVSX Fidelity Convertible Securities Fund | 3.56% | 3.30% | 2.13% | 2.35% | 1.66% | 2.90% | 1.45% | 3.84% | 2.60% | 3.35% | 2.86% | 5.99% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FCVSX vs. SPY - Drawdown Comparison
The maximum FCVSX drawdown since its inception was -58.76%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FCVSX and SPY. For additional features, visit the drawdowns tool.
Volatility
FCVSX vs. SPY - Volatility Comparison
The current volatility for Fidelity Convertible Securities Fund (FCVSX) is 3.96%, while SPDR S&P 500 ETF (SPY) has a volatility of 7.48%. This indicates that FCVSX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.