Correlation
The correlation between FCVSX and VOO is 0.84, 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. VOO
Compare and contrast key facts about Fidelity Convertible Securities Fund (FCVSX) and Vanguard S&P 500 ETF (VOO).
FCVSX is managed by Fidelity. It was launched on Jan 5, 1987. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCVSX or VOO.
Performance
FCVSX vs. VOO - Performance Comparison
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Key characteristics
FCVSX:
0.95
VOO:
0.74
FCVSX:
1.29
VOO:
1.04
FCVSX:
1.17
VOO:
1.15
FCVSX:
0.82
VOO:
0.68
FCVSX:
2.80
VOO:
2.58
FCVSX:
4.26%
VOO:
4.93%
FCVSX:
13.52%
VOO:
19.54%
FCVSX:
-58.76%
VOO:
-33.99%
FCVSX:
-3.53%
VOO:
-3.55%
Returns By Period
In the year-to-date period, FCVSX achieves a 1.57% return, which is significantly higher than VOO's 0.90% return. Over the past 10 years, FCVSX has underperformed VOO with an annualized return of 8.51%, while VOO has yielded a comparatively higher 12.81% annualized return.
FCVSX
1.57%
3.75%
-3.35%
12.80%
8.22%
10.69%
8.51%
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
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FCVSX vs. VOO - Expense Ratio Comparison
FCVSX has a 0.67% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FCVSX vs. VOO — Risk-Adjusted Performance Rank
FCVSX
VOO
FCVSX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Convertible Securities Fund (FCVSX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FCVSX's dividend yield for the trailing twelve months is around 7.63%, more than VOO's 1.29% 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% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FCVSX vs. VOO - Drawdown Comparison
The maximum FCVSX drawdown since its inception was -58.76%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FCVSX and VOO.
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Volatility
FCVSX vs. VOO - Volatility Comparison
The current volatility for Fidelity Convertible Securities Fund (FCVSX) is 2.94%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. This indicates that FCVSX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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