FIQVX vs. FXAIX
Compare and contrast key facts about Fidelity Advisor Convertible Securities Fund Class Z (FIQVX) and Fidelity 500 Index Fund (FXAIX).
FIQVX is managed by Fidelity. It was launched on Oct 2, 2018. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FIQVX vs. FXAIX - Performance Comparison
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FIQVX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIQVX Fidelity Advisor Convertible Securities Fund Class Z | 4.10% | 18.42% | 8.21% | 11.53% | -15.27% | 10.04% | 42.63% | 28.74% | -6.03% |
FXAIX Fidelity 500 Index Fund | -4.34% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -12.72% |
Returns By Period
In the year-to-date period, FIQVX achieves a 4.10% return, which is significantly higher than FXAIX's -4.34% return.
FIQVX
- 1D
- 2.66%
- 1M
- -4.06%
- YTD
- 4.10%
- 6M
- 4.29%
- 1Y
- 27.33%
- 3Y*
- 12.65%
- 5Y*
- 5.66%
- 10Y*
- —
FXAIX
- 1D
- 2.92%
- 1M
- -5.02%
- YTD
- -4.34%
- 6M
- -2.14%
- 1Y
- 17.32%
- 3Y*
- 18.30%
- 5Y*
- 11.79%
- 10Y*
- 14.08%
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FIQVX vs. FXAIX - Expense Ratio Comparison
FIQVX has a 0.59% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
FIQVX vs. FXAIX — Risk / Return Rank
FIQVX
FXAIX
FIQVX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Convertible Securities Fund Class Z (FIQVX) 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.
| FIQVX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.78 | 0.97 | +0.80 |
Sortino ratioReturn per unit of downside risk | 2.41 | 1.49 | +0.92 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 3.56 | 1.52 | +2.04 |
Martin ratioReturn relative to average drawdown | 13.36 | 7.30 | +6.07 |
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
| FIQVX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 0.97 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.70 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.76 | +0.06 |
Correlation
The correlation between FIQVX and FXAIX 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.
Dividends
FIQVX vs. FXAIX - Dividend Comparison
FIQVX's dividend yield for the trailing twelve months is around 11.07%, more than FXAIX's 1.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQVX Fidelity Advisor Convertible Securities Fund Class Z | 11.07% | 11.52% | 2.13% | 2.24% | 3.88% | 20.80% | 10.85% | 3.40% | 8.28% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FIQVX vs. FXAIX - Drawdown Comparison
The maximum FIQVX drawdown since its inception was -25.04%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FIQVX and FXAIX.
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Drawdown Indicators
| FIQVX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.04% | -33.79% | +8.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -12.13% | +4.39% |
Max Drawdown (5Y)Largest decline over 5 years | -24.16% | -24.50% | +0.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.79% | — |
Current DrawdownCurrent decline from peak | -4.30% | -6.23% | +1.93% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -3.83% | -3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 2.53% | -0.47% |
Volatility
FIQVX vs. FXAIX - Volatility Comparison
Fidelity Advisor Convertible Securities Fund Class Z (FIQVX) has a higher volatility of 6.85% compared to Fidelity 500 Index Fund (FXAIX) at 5.34%. This indicates that FIQVX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIQVX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.85% | 5.34% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 12.31% | 9.53% | +2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 18.32% | -2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.40% | 16.92% | -3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.03% | 18.05% | -3.02% |