FIQVX vs. PACIX
FIQVX (Fidelity Advisor Convertible Securities Fund Class Z) and PACIX (Columbia Convertible Securities Fund) are both Convertible Bonds funds. Over the past 5 years, FIQVX returned 7.24%/yr vs 6.47%/yr for PACIX. Their 0.97 correlation means they have historically moved very closely together. FIQVX charges 0.59%/yr vs 1.12%/yr for PACIX.
Performance
FIQVX vs. PACIX - Performance Comparison
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Returns By Period
In the year-to-date period, FIQVX achieves a 14.12% return, which is significantly lower than PACIX's 16.84% return.
FIQVX
- 1D
- -0.02%
- 1M
- -3.64%
- 6M
- 8.19%
- YTD
- 14.12%
- 1Y
- 25.42%
- 3Y*
- 14.09%
- 5Y*
- 7.24%
- 10Y*
- —
- ALL TIME*
- 13.13%
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 |
FIQVX vs. PACIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIQVX Fidelity Advisor Convertible Securities Fund Class Z | 14.12% | 18.42% | 8.21% | 11.53% | -15.27% | 10.04% | 42.63% | 28.74% | -6.03% |
PACIX Columbia Convertible Securities Fund | 16.84% | 19.58% | 9.51% | 11.91% | -19.54% | 3.71% | 47.86% | 26.15% | -7.43% |
Correlation
The correlation between FIQVX 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 (All Time) Calculated using the full available price history since Oct 5, 2018 | 0.97 |
The correlation between FIQVX and PACIX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
FIQVX vs. PACIX — Risk / Return Rank
FIQVX
PACIX
FIQVX vs. PACIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Convertible Securities Fund Class Z (FIQVX) 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.
| FIQVX | 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 | 2.03 | 3.11 | -1.08 |
| Martin ratioReturn relative to average drawdown | 7.85 | 10.63 | -2.78 |
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Drawdowns
FIQVX vs. PACIX - Drawdown Comparison
The maximum FIQVX drawdown since its inception was -25.04%, smaller than the maximum PACIX drawdown of -43.86%. Use the drawdown chart below to compare losses from any high point for FIQVX and PACIX.
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Drawdown Indicators
| FIQVX | PACIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.04% | -43.86% | +18.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.69% | -8.75% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -18.86% | -12.15% | -6.71% |
Max Drawdown (5Y)Largest decline over 5 years | -24.16% | -26.71% | +2.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.74% | — |
Current DrawdownCurrent decline from peak | -9.05% | -6.36% | -2.69% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -6.82% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.56% | +0.46% |
Volatility
FIQVX vs. PACIX - Volatility Comparison
Fidelity Advisor Convertible Securities Fund Class Z (FIQVX) has a higher volatility of 6.00% compared to Columbia Convertible Securities Fund (PACIX) at 5.05%. This indicates that FIQVX'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
| FIQVX | PACIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 5.05% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 13.96% | 13.17% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.01% | 16.17% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 13.42% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.22% | 13.56% | +1.66% |
FIQVX vs. PACIX - Expense Ratio Comparison
FIQVX has a 0.59% expense ratio, which is lower than PACIX's 1.12% expense ratio.
Dividends
FIQVX vs. PACIX - Dividend Comparison
FIQVX's dividend yield for the trailing twelve months is around 9.24%, more than PACIX's 4.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQVX Fidelity Advisor Convertible Securities Fund Class Z | 9.24% | 11.52% | 2.13% | 2.24% | 3.88% | 20.80% | 10.85% | 3.40% | 8.28% | 0.00% | 0.00% | 0.00% |
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, FIQVX 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.
FIQVX has higher volatility (6.00%) compared to PACIX (5.05%). In terms of maximum drawdown, FIQVX dropped -25.04% vs PACIX's -43.86%.
PACIX currently has the higher Sharpe Ratio (1.68 vs 1.40), 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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