FISCX vs. FCVSX

Last updated Jun 23, 2026

FISCX (Franklin Convertible Securities Fund) and FCVSX (Fidelity Convertible Securities Fund) are both mutual funds - FISCX is a Convertible Bonds fund managed by Franklin Templeton, while FCVSX is a Preferred Stock/Convertible Bonds fund managed by Fidelity. Over the past 10 years, FISCX returned 12.44%/yr vs 12.79%/yr for FCVSX. Their correlation of 0.85 suggests significant overlap in exposure. FISCX charges 0.83%/yr vs 0.67%/yr for FCVSX.

Performance

FISCX vs. FCVSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Convertible Securities Fund (FISCX) and Fidelity Convertible Securities Fund (FCVSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FISCX achieves a 11.70% return, which is significantly lower than FCVSX's 23.99% return. Both investments have delivered pretty close results over the past 10 years, with FISCX having a 12.44% annualized return and FCVSX not far ahead at 12.79%.

FISCX

• 1D: 1.11%
• 1M: 3.76%
• YTD: 11.70%
• 6M: 10.12%
• 1Y: 23.96%
• 3Y*: 16.01%
• 5Y*: 4.34%
• 10Y*: 12.44%

FCVSX

• 1D: 1.21%
• 1M: 3.09%
• YTD: 23.99%
• 6M: 11.57%
• 1Y: 30.12%
• 3Y*: 16.96%
• 5Y*: 8.58%
• 10Y*: 12.79%

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

FISCX vs. FCVSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FISCX Franklin Convertible Securities Fund	11.70%	13.63%	16.62%	9.96%	-15.95%	-5.70%	46.28%	33.99%	4.15%	17.98%
FCVSX Fidelity Convertible Securities Fund	23.99%	8.52%	13.91%	11.42%	-15.33%	9.95%	42.52%	28.58%	-1.29%	9.03%

Correlation

The correlation between FISCX and FCVSX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Apr 15, 1987	0.85

The correlation between FISCX and FCVSX has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.

Return for Risk

FISCX vs. FCVSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FISCX

FISCX Risk / Return Rank: 72
FISCX Sharpe Ratio Rank: 67
FISCX Sortino Ratio Rank: 62
FISCX Omega Ratio Rank: 60
FISCX Calmar Ratio Rank: 85
FISCX Martin Ratio Rank: 86

FCVSX

FCVSX Risk / Return Rank: 42
FCVSX Sharpe Ratio Rank: 38
FCVSX Sortino Ratio Rank: 27
FCVSX Omega Ratio Rank: 41
FCVSX Calmar Ratio Rank: 60
FCVSX Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FISCX vs. FCVSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Convertible Securities Fund (FISCX) and Fidelity Convertible Securities Fund (FCVSX). 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.

	FISCX	FCVSX	Difference
Sharpe ratio: Return per unit of total volatility	2.20	1.66	+0.54
Sortino ratio: Return per unit of downside risk	3.02	2.00	+1.01
Omega ratio: Gain probability vs. loss probability	1.39	1.32	+0.07
Calmar ratio: Return relative to maximum drawdown	3.80	2.85	+0.95
Martin ratio: Return relative to average drawdown	15.17	8.60	+6.57

FISCX vs. FCVSX - Sharpe Ratio Comparison

The current FISCX Sharpe Ratio is 2.20, which is higher than the FCVSX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of FISCX and FCVSX, 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

FISCX vs. FCVSX - Drawdown Comparison

The maximum FISCX drawdown since its inception was -49.16%, smaller than the maximum FCVSX drawdown of -58.76%. Use the drawdown chart below to compare losses from any high point for FISCX and FCVSX.

Drawdown Indicators

	FISCX	FCVSX	Difference
Max Drawdown Largest peak-to-trough decline	-49.16%	-58.76%	+9.60%
Max Drawdown (1Y) Largest decline over 1 year	-6.38%	-10.68%	+4.30%
Max Drawdown (3Y) Largest decline over 3 years	-12.95%	-14.56%	+1.61%
Max Drawdown (5Y) Largest decline over 5 years	-34.37%	-24.18%	-10.19%
Max Drawdown (10Y) Largest decline over 10 years	-34.37%	-25.08%	-9.29%
Current Drawdown Current decline from peak	-0.19%	-1.12%	+0.93%
Average Drawdown Average peak-to-trough decline	-6.90%	-7.22%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	3.52%	-1.93%

Volatility

FISCX vs. FCVSX - Volatility Comparison

The current volatility for Franklin Convertible Securities Fund (FISCX) is 4.24%, while Fidelity Convertible Securities Fund (FCVSX) has a volatility of 6.47%. This indicates that FISCX experiences smaller price fluctuations and is considered to be less risky than FCVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FISCX	FCVSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	6.47%	-2.23%
Volatility (6M) Calculated over the trailing 6-month period	9.15%	16.18%	-7.03%
Volatility (1Y) Calculated over the trailing 1-year period	11.00%	18.36%	-7.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.48%	14.12%	-1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.52%	13.97%	-0.45%

FISCX vs. FCVSX - Expense Ratio Comparison

FISCX has a 0.83% expense ratio, which is higher than FCVSX's 0.67% expense ratio.

Dividends

FISCX vs. FCVSX - Dividend Comparison

FISCX's dividend yield for the trailing twelve months is around 8.53%, more than FCVSX's 1.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCVSX Fidelity Convertible Securities Fund	1.48%	2.21%	7.47%	2.13%	3.78%	20.64%	10.75%	3.28%	9.86%	4.11%	4.90%	10.41%
FISCX Franklin Convertible Securities Fund	8.53%	9.94%	4.87%	2.22%	8.70%	8.10%	11.30%	16.05%	7.09%	7.68%	4.62%	4.68%

Frequently Asked Questions

Can I hold both FISCX and FCVSX in my portfolio?

FISCX and FCVSX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FISCX or FCVSX?

FCVSX has higher volatility (6.47%) compared to FISCX (4.24%). In terms of maximum drawdown, FISCX dropped -49.16% vs FCVSX's -58.76%.

Which has better risk-adjusted returns?

FISCX currently has the higher Sharpe Ratio (2.20 vs 1.66), 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.