FICVX vs. PACIX
FICVX (Fidelity Advisor Convertible Securities Fund Class I) and PACIX (Columbia Convertible Securities Fund) are both Convertible Bonds funds. Over the past 10 years, FICVX returned 11.93%/yr vs 12.39%/yr for PACIX. Their correlation of 0.94 means they have usually moved in the same direction. FICVX charges 0.70%/yr vs 1.12%/yr for PACIX.
Performance
FICVX vs. PACIX - Performance Comparison
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Returns By Period
In the year-to-date period, FICVX achieves a 14.07% return, which is significantly lower than PACIX's 16.84% return. Both investments have delivered pretty close results over the past 10 years, with FICVX having a 11.93% annualized return and PACIX not far ahead at 12.39%.
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%
PACIX
- 1D
- 0.17%
- 1M
- -3.28%
- 6M
- 10.12%
- YTD
- 16.84%
- 1Y
- 28.77%
- 3Y*
- 15.69%
- 5Y*
- 6.47%
- 10Y*
- 12.39%
- ALL TIME*
- 9.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FICVX vs. PACIX - 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% |
PACIX Columbia Convertible Securities Fund | 16.84% | 19.58% | 9.51% | 11.91% | -19.54% | 3.71% | 47.86% | 26.15% | -1.03% | 15.07% |
Correlation
The correlation between FICVX and PACIX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2009 | 0.95 |
The correlation between FICVX and PACIX has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
FICVX vs. PACIX — Risk / Return Rank
FICVX
PACIX
FICVX vs. PACIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Convertible Securities Fund Class I (FICVX) and Columbia Convertible Securities Fund (PACIX). 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 | PACIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 3.11 | -1.09 |
| Martin ratioReturn relative to average drawdown | 7.80 | 10.63 | -2.84 |
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Drawdowns
FICVX vs. PACIX - Drawdown Comparison
The maximum FICVX drawdown since its inception was -25.06%, smaller than the maximum PACIX drawdown of -43.86%. Use the drawdown chart below to compare losses from any high point for FICVX and PACIX.
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Drawdown Indicators
| FICVX | PACIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.06% | -43.86% | +18.80% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -8.75% | -2.95% |
Max Drawdown (3Y)Largest decline over 3 years | -18.88% | -12.15% | -6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -24.20% | -26.71% | +2.51% |
Max Drawdown (10Y)Largest decline over 10 years | -25.06% | -28.74% | +3.68% |
Current DrawdownCurrent decline from peak | -9.04% | -6.36% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -6.82% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.56% | +0.47% |
Volatility
FICVX vs. PACIX - Volatility Comparison
Fidelity Advisor Convertible Securities Fund Class I (FICVX) has a higher volatility of 5.99% compared to Columbia Convertible Securities Fund (PACIX) at 5.05%. This indicates that FICVX's price experiences larger fluctuations and is considered to be riskier than PACIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FICVX | PACIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 5.05% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 13.95% | 13.17% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.00% | 16.17% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 13.42% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.86% | 13.56% | +0.30% |
FICVX vs. PACIX - Expense Ratio Comparison
FICVX has a 0.70% expense ratio, which is lower than PACIX's 1.12% expense ratio.
Dividends
FICVX vs. PACIX - Dividend Comparison
FICVX's dividend yield for the trailing twelve months is around 9.16%, more than PACIX's 4.23% 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% |
PACIX Columbia Convertible Securities Fund | 4.23% | 1.45% | 1.96% | 2.53% | 9.87% | 22.27% | 7.81% | 6.29% | 5.29% | 2.75% | 2.34% | 9.91% |
Frequently Asked Questions
With a correlation of 0.98, FICVX and PACIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FICVX has higher volatility (5.99%) compared to PACIX (5.05%). In terms of maximum drawdown, FICVX dropped -25.06% vs PACIX's -43.86%.
PACIX currently has the higher Sharpe Ratio (1.68 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.
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