FCVT vs. FXAIX
Compare and contrast key facts about First Trust SSI Strategic Convertible Securities ETF (FCVT) and Fidelity 500 Index Fund (FXAIX).
FCVT is an actively managed fund by First Trust. It was launched on Nov 4, 2015. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FCVT vs. FXAIX - Performance Comparison
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FCVT vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCVT First Trust SSI Strategic Convertible Securities ETF | 2.96% | 19.60% | 11.92% | 7.12% | -20.88% | 4.23% | 51.02% | 22.30% | -2.28% | 12.66% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, FCVT achieves a 2.96% return, which is significantly higher than FXAIX's -7.05% return. Over the past 10 years, FCVT has underperformed FXAIX with an annualized return of 10.49%, while FXAIX has yielded a comparatively higher 13.75% annualized return.
FCVT
- 1D
- 2.83%
- 1M
- -3.42%
- YTD
- 2.96%
- 6M
- 3.95%
- 1Y
- 28.88%
- 3Y*
- 13.46%
- 5Y*
- 3.16%
- 10Y*
- 10.49%
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
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FCVT vs. FXAIX - Expense Ratio Comparison
FCVT has a 0.95% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
FCVT vs. FXAIX — Risk / Return Rank
FCVT
FXAIX
FCVT vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust SSI Strategic Convertible Securities ETF (FCVT) and Fidelity 500 Index Fund (FXAIX). 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.
| FCVT | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 0.84 | +0.97 |
Sortino ratioReturn per unit of downside risk | 2.38 | 1.30 | +1.08 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.20 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 3.37 | 1.05 | +2.31 |
Martin ratioReturn relative to average drawdown | 11.45 | 5.13 | +6.32 |
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
| FCVT | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 0.84 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.68 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.77 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.75 | -0.18 |
Correlation
The correlation between FCVT and FXAIX is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FCVT vs. FXAIX - Dividend Comparison
FCVT's dividend yield for the trailing twelve months is around 1.65%, more than FXAIX's 1.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVT First Trust SSI Strategic Convertible Securities ETF | 1.65% | 1.98% | 1.30% | 1.76% | 3.71% | 23.07% | 1.72% | 1.60% | 1.85% | 2.18% | 1.88% | 0.59% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FCVT vs. FXAIX - Drawdown Comparison
The maximum FCVT drawdown since its inception was -31.79%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FCVT and FXAIX.
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Drawdown Indicators
| FCVT | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.79% | -33.79% | +2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -12.13% | +3.66% |
Max Drawdown (5Y)Largest decline over 5 years | -30.43% | -24.50% | -5.93% |
Max Drawdown (10Y)Largest decline over 10 years | -31.79% | -33.79% | +2.00% |
Current DrawdownCurrent decline from peak | -5.88% | -8.89% | +3.01% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -3.83% | -6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.50% | -0.01% |
Volatility
FCVT vs. FXAIX - Volatility Comparison
First Trust SSI Strategic Convertible Securities ETF (FCVT) has a higher volatility of 7.16% compared to Fidelity 500 Index Fund (FXAIX) at 4.24%. This indicates that FCVT's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCVT | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 4.24% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 12.93% | 9.08% | +3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.06% | 18.13% | -2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 16.88% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 18.03% | -1.09% |