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.
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.
Performance
FCVSX vs. SPY - Performance Comparison
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Key characteristics
FCVSX:
0.95
SPY:
0.70
FCVSX:
1.29
SPY:
1.02
FCVSX:
1.17
SPY:
1.15
FCVSX:
0.82
SPY:
0.68
FCVSX:
2.80
SPY:
2.57
FCVSX:
4.26%
SPY:
4.93%
FCVSX:
13.52%
SPY:
20.42%
FCVSX:
-58.76%
SPY:
-55.19%
FCVSX:
-3.53%
SPY:
-3.55%
Returns By Period
In the year-to-date period, FCVSX achieves a 1.57% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, FCVSX has underperformed SPY with an annualized return of 8.51%, while SPY has yielded a comparatively higher 12.73% annualized return.
FCVSX
1.57%
3.75%
-3.35%
12.80%
8.22%
10.69%
8.51%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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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.
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Dividends
FCVSX vs. SPY - Dividend Comparison
FCVSX's dividend yield for the trailing twelve months is around 7.63%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVSX Fidelity Convertible Securities Fund | 7.63% | 7.47% | 2.13% | 3.78% | 20.64% | 10.75% | 3.28% | 9.86% | 4.67% | 4.90% | 10.41% | 5.31% |
SPY SPDR S&P 500 ETF | 1.22% | 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.
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Volatility
FCVSX vs. SPY - Volatility Comparison
The current volatility for Fidelity Convertible Securities Fund (FCVSX) is 2.94%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. 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.
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