Correlation
The correlation between FICVX and FIQVX 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.
FICVX vs. FIQVX
Compare and contrast key facts about Fidelity Advisor Convertible Securities Fund Class I (FICVX) and Fidelity Advisor Convertible Securities Fund Class Z (FIQVX).
FICVX is managed by Fidelity. It was launched on Feb 19, 2009. FIQVX is managed by Fidelity. It was launched on Oct 2, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FICVX or FIQVX.
Performance
FICVX vs. FIQVX - Performance Comparison
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Key characteristics
FICVX:
0.95
FIQVX:
0.60
FICVX:
1.29
FIQVX:
0.81
FICVX:
1.17
FIQVX:
1.11
FICVX:
0.81
FIQVX:
0.29
FICVX:
2.78
FIQVX:
1.19
FICVX:
4.26%
FIQVX:
6.35%
FICVX:
13.50%
FIQVX:
14.09%
FICVX:
-25.06%
FIQVX:
-36.22%
FICVX:
-3.56%
FIQVX:
-16.41%
Returns By Period
The year-to-date returns for both investments are quite close, with FICVX having a 1.55% return and FIQVX slightly higher at 1.60%.
FICVX
1.55%
3.41%
-3.38%
12.54%
8.18%
10.65%
8.48%
FIQVX
1.60%
3.42%
-7.15%
8.25%
6.36%
4.25%
N/A
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FICVX vs. FIQVX - Expense Ratio Comparison
FICVX has a 0.70% expense ratio, which is higher than FIQVX's 0.59% expense ratio.
Risk-Adjusted Performance
FICVX vs. FIQVX — Risk-Adjusted Performance Rank
FICVX
FIQVX
FICVX vs. FIQVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Convertible Securities Fund Class I (FICVX) and Fidelity Advisor Convertible Securities Fund Class Z (FIQVX). 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
FICVX vs. FIQVX - Dividend Comparison
FICVX's dividend yield for the trailing twelve months is around 7.61%, less than FIQVX's 7.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FICVX Fidelity Advisor Convertible Securities Fund Class I | 7.61% | 7.46% | 2.12% | 3.73% | 20.65% | 10.73% | 3.28% | 9.85% | 4.65% | 4.90% | 10.39% | 5.30% |
FIQVX Fidelity Advisor Convertible Securities Fund Class Z | 7.76% | 7.60% | 2.24% | 3.88% | 20.80% | 10.85% | 3.40% | 8.28% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FICVX vs. FIQVX - Drawdown Comparison
The maximum FICVX drawdown since its inception was -25.06%, smaller than the maximum FIQVX drawdown of -36.22%. Use the drawdown chart below to compare losses from any high point for FICVX and FIQVX.
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Volatility
FICVX vs. FIQVX - Volatility Comparison
Fidelity Advisor Convertible Securities Fund Class I (FICVX) and Fidelity Advisor Convertible Securities Fund Class Z (FIQVX) have volatilities of 2.94% and 3.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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