FICVX vs. NPSRX

Last updated Aug 4, 2026

FICVX (Fidelity Advisor Convertible Securities Fund Class I) and NPSRX (Nuveen Preferred Securities & Income Fund) are both mutual funds - FICVX is a Convertible Bonds fund managed by Fidelity, while NPSRX is a Preferred Stock fund managed by Nuveen. Over the past 10 years, FICVX returned 11.93%/yr vs 4.99%/yr for NPSRX. Their 0.38 correlation means their historical movements had little consistent relationship. FICVX charges 0.70%/yr vs 0.74%/yr for NPSRX.

Performance

FICVX vs. NPSRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Convertible Securities Fund Class I (FICVX) and Nuveen Preferred Securities & Income Fund (NPSRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FICVX achieves a 14.07% return, which is significantly higher than NPSRX's 0.93% return. Over the past 10 years, FICVX has outperformed NPSRX with an annualized return of 11.93%, while NPSRX has yielded a comparatively lower 4.99% annualized return.

FICVX

• 1D: 0.00%
• 1M: -3.63%
• 6M: 8.16%
• YTD: 14.07%
• 1Y: 25.29%
• 3Y*: 13.96%
• 5Y*: 7.12%
• 10Y*: 11.93%
• ALL TIME*: 13.49%

NPSRX

• 1D: 0.57%
• 1M: -0.36%
• 6M: 0.26%
• YTD: 0.93%
• 1Y: 6.02%
• 3Y*: 9.13%
• 5Y*: 3.36%
• 10Y*: 4.99%
• ALL TIME*: 5.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FICVX Fidelity Advisor Convertible Securities Fund Class I	$0.00	$0.00	$0.00
NPSRX Nuveen Preferred Securities & Income Fund	$0.00	$0.00	$0.00

FICVX vs. NPSRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FICVX Fidelity Advisor Convertible Securities Fund Class I	14.07%	18.28%	8.11%	11.39%	-15.38%	9.93%	42.46%	28.58%	-1.31%	9.03%
NPSRX Nuveen Preferred Securities & Income Fund	0.93%	11.19%	9.12%	6.19%	-9.50%	5.43%	5.53%	17.68%	-5.65%	11.27%

Correlation

The correlation between FICVX and NPSRX is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.36
Correlation (3Y) Balances recent behavior with more history.	0.33
Correlation (5Y) Shows whether the relationship held over a longer period.	0.39
Correlation (10Y) Provides a long-term view across more market conditions.	0.38
Correlation (All Time) Calculated using the full available price history since Feb 19, 2009	0.38

Return for Risk

FICVX vs. NPSRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FICVX

FICVX Risk / Return Rank: 46
FICVX Sharpe Ratio Rank: 44
FICVX Sortino Ratio Rank: 41
FICVX Omega Ratio Rank: 39
FICVX Calmar Ratio Rank: 50
FICVX Martin Ratio Rank: 54

NPSRX

NPSRX Risk / Return Rank: 69
NPSRX Sharpe Ratio Rank: 82
NPSRX Sortino Ratio Rank: 89
NPSRX Omega Ratio Rank: 87
NPSRX Calmar Ratio Rank: 43
NPSRX Martin Ratio Rank: 46

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FICVX vs. NPSRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Convertible Securities Fund Class I (FICVX) and Nuveen Preferred Securities & Income Fund (NPSRX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FICVX	NPSRX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	2.01	-0.62
Sortino ratio: Return per unit of downside risk	1.92	3.31	-1.39
Omega ratio: Gain probability vs. loss probability	1.24	1.45	-0.21
Calmar ratio: Return relative to maximum drawdown	2.02	1.84	+0.18
Martin ratio: Return relative to average drawdown	7.80	6.95	+0.85

FICVX vs. NPSRX - Sharpe Ratio Comparison

The current FICVX Sharpe Ratio is 1.39, which is lower than the NPSRX Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of FICVX and NPSRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FICVX vs. NPSRX - Drawdown Comparison

The maximum FICVX drawdown since its inception was -25.06%, smaller than the maximum NPSRX drawdown of -62.52%. Use the drawdown chart below to compare losses from any high point for FICVX and NPSRX.

Drawdown Indicators

	FICVX	NPSRX	Difference
Max Drawdown Largest peak-to-trough decline	-25.06%	-62.52%	+37.46%
Max Drawdown (1Y) Largest decline over 1 year	-11.70%	-3.30%	-8.40%
Max Drawdown (3Y) Largest decline over 3 years	-18.88%	-3.60%	-15.28%
Max Drawdown (5Y) Largest decline over 5 years	-24.20%	-17.65%	-6.55%
Max Drawdown (10Y) Largest decline over 10 years	-25.06%	-26.47%	+1.41%
Current Drawdown Current decline from peak	-9.04%	-0.47%	-8.57%
Average Drawdown Average peak-to-trough decline	-5.62%	-4.78%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	0.87%	+2.16%

Volatility

FICVX vs. NPSRX - Volatility Comparison

Fidelity Advisor Convertible Securities Fund Class I (FICVX) has a higher volatility of 5.99% compared to Nuveen Preferred Securities & Income Fund (NPSRX) at 0.84%. This indicates that FICVX's price experiences larger fluctuations and is considered to be riskier than NPSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FICVX	NPSRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.99%	0.84%	+5.15%
Volatility (6M) Calculated over the trailing 6-month period	13.95%	2.49%	+11.46%
Volatility (1Y) Calculated over the trailing 1-year period	17.00%	3.08%	+13.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.91%	5.00%	+8.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.86%	6.31%	+7.55%

FICVX vs. NPSRX - Expense Ratio Comparison

FICVX has a 0.70% expense ratio, which is lower than NPSRX's 0.74% expense ratio.

Dividends

FICVX vs. NPSRX - Dividend Comparison

FICVX's dividend yield for the trailing twelve months is around 9.16%, more than NPSRX's 5.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FICVX Fidelity Advisor Convertible Securities Fund Class I	9.16%	11.38%	2.02%	2.12%	3.73%	20.65%	10.73%	3.28%	9.85%	4.09%	4.90%	10.39%
NPSRX Nuveen Preferred Securities & Income Fund	5.46%	5.72%	5.38%	5.87%	6.18%	4.97%	5.02%	5.39%	6.00%	5.51%	5.81%	6.20%

Frequently Asked Questions

Can I hold both FICVX and NPSRX in my portfolio?

FICVX and NPSRX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FICVX or NPSRX?

FICVX has higher volatility (5.99%) compared to NPSRX (0.84%). In terms of maximum drawdown, FICVX dropped -25.06% vs NPSRX's -62.52%.

Which has better risk-adjusted returns?

NPSRX currently has the higher Sharpe Ratio (2.01 vs 1.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.