FICVX vs. HPS
Compare and contrast key facts about Fidelity Advisor Convertible Securities Fund Class I (FICVX) and John Hancock Preferred Income Fund III (HPS).
FICVX is managed by Fidelity. It was launched on Feb 19, 2009. HPS is managed by John Hancock. It was launched on Jun 19, 2003.
Performance
FICVX vs. HPS - Performance Comparison
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FICVX vs. HPS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FICVX Fidelity Advisor Convertible Securities Fund Class I | 1.37% | 18.28% | 8.11% | 11.39% | -15.38% | 9.93% | 42.46% | 28.58% | -1.31% | 9.03% |
HPS John Hancock Preferred Income Fund III | 1.08% | 4.86% | 15.65% | 7.66% | -16.56% | 16.44% | -3.00% | 31.43% | -8.37% | 14.32% |
Returns By Period
In the year-to-date period, FICVX achieves a 1.37% return, which is significantly higher than HPS's 1.08% return. Over the past 10 years, FICVX has outperformed HPS with an annualized return of 11.11%, while HPS has yielded a comparatively lower 5.59% annualized return.
FICVX
- 1D
- -1.71%
- 1M
- -5.61%
- YTD
- 1.37%
- 6M
- 2.53%
- 1Y
- 24.52%
- 3Y*
- 11.55%
- 5Y*
- 5.27%
- 10Y*
- 11.11%
HPS
- 1D
- 2.96%
- 1M
- -2.92%
- YTD
- 1.08%
- 6M
- -3.58%
- 1Y
- 3.89%
- 3Y*
- 8.40%
- 5Y*
- 3.44%
- 10Y*
- 5.59%
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FICVX vs. HPS - Expense Ratio Comparison
FICVX has a 0.70% expense ratio, which is higher than HPS's 0.01% expense ratio.
Return for Risk
FICVX vs. HPS — Risk / Return Rank
FICVX
HPS
FICVX vs. HPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Convertible Securities Fund Class I (FICVX) and John Hancock Preferred Income Fund III (HPS). 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.
| FICVX | HPS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 0.31 | +1.24 |
Sortino ratioReturn per unit of downside risk | 2.11 | 0.49 | +1.62 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.07 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.87 | 0.35 | +2.53 |
Martin ratioReturn relative to average drawdown | 10.86 | 0.93 | +9.94 |
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
| FICVX | HPS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 0.31 | +1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.22 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.26 | +0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.24 | +0.70 |
Correlation
The correlation between FICVX and HPS is 0.42, 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
FICVX vs. HPS - Dividend Comparison
FICVX's dividend yield for the trailing twelve months is around 11.23%, more than HPS's 9.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FICVX Fidelity Advisor Convertible Securities Fund Class I | 11.23% | 11.38% | 2.02% | 2.12% | 3.73% | 20.65% | 10.73% | 3.28% | 9.85% | 4.09% | 4.90% | 10.39% |
HPS John Hancock Preferred Income Fund III | 9.27% | 9.16% | 8.78% | 9.34% | 9.15% | 7.04% | 7.63% | 7.41% | 9.26% | 7.82% | 8.27% | 7.53% |
Drawdowns
FICVX vs. HPS - Drawdown Comparison
The maximum FICVX drawdown since its inception was -25.06%, smaller than the maximum HPS drawdown of -70.04%. Use the drawdown chart below to compare losses from any high point for FICVX and HPS.
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Drawdown Indicators
| FICVX | HPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.06% | -70.04% | +44.98% |
Max Drawdown (1Y)Largest decline over 1 year | -7.75% | -10.04% | +2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -24.20% | -29.39% | +5.19% |
Max Drawdown (10Y)Largest decline over 10 years | -25.06% | -52.12% | +27.06% |
Current DrawdownCurrent decline from peak | -6.80% | -5.69% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -8.41% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 3.76% | -1.71% |
Volatility
FICVX vs. HPS - Volatility Comparison
Fidelity Advisor Convertible Securities Fund Class I (FICVX) has a higher volatility of 6.34% compared to John Hancock Preferred Income Fund III (HPS) at 5.07%. This indicates that FICVX's price experiences larger fluctuations and is considered to be riskier than HPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FICVX | HPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.34% | 5.07% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 12.08% | 7.61% | +4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.65% | 12.67% | +2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.36% | 15.68% | -2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.50% | 21.46% | -7.96% |