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 managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCVT or FXAIX.
Key characteristics
| FCVT | FXAIX | |
|---|---|---|
| YTD Return | 12.14% | 26.66% |
| 1Y Return | 24.60% | 38.25% |
| 3Y Return (Ann) | -3.82% | 10.01% |
| 5Y Return (Ann) | 9.30% | 15.93% |
| Sharpe Ratio | 2.40 | 3.10 |
| Sortino Ratio | 3.32 | 4.13 |
| Omega Ratio | 1.44 | 1.58 |
| Calmar Ratio | 0.79 | 4.54 |
| Martin Ratio | 13.75 | 20.58 |
| Ulcer Index | 1.75% | 1.87% |
| Daily Std Dev | 10.04% | 12.38% |
| Max Drawdown | -31.79% | -33.79% |
| Current Drawdown | -12.72% | 0.00% |
Correlation
The correlation between FCVT and FXAIX is 0.65, 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.
Performance
FCVT vs. FXAIX - Performance Comparison
In the year-to-date period, FCVT achieves a 12.14% return, which is significantly lower than FXAIX's 26.66% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
FCVT vs. FXAIX - Risk-Adjusted Performance 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.
Dividends
FCVT vs. FXAIX - Dividend Comparison
FCVT's dividend yield for the trailing twelve months is around 1.59%, more than FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVT First Trust SSI Strategic Convertible Securities ETF | 1.59% | 1.76% | 3.71% | 23.07% | 1.72% | 1.60% | 1.85% | 2.18% | 1.88% | 0.59% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
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. For additional features, visit the drawdowns tool.
Volatility
FCVT vs. FXAIX - Volatility Comparison
The current volatility for First Trust SSI Strategic Convertible Securities ETF (FCVT) is 3.07%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.92%. This indicates that FCVT experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.