FPEIX vs. FACVX
Compare and contrast key facts about First Trust Preferred Securities and Income Fund (FPEIX) and Fidelity Advisor Convertible Securities Fund Class A (FACVX).
FPEIX is managed by First Trust. It was launched on Jan 10, 2011. FACVX is managed by Fidelity. It was launched on Feb 19, 2009.
Performance
FPEIX vs. FACVX - Performance Comparison
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FPEIX vs. FACVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPEIX First Trust Preferred Securities and Income Fund | -2.48% | 9.48% | 10.99% | 5.32% | -11.60% | 4.85% | 6.01% | 16.93% | -4.31% | 11.57% |
FACVX Fidelity Advisor Convertible Securities Fund Class A | 1.33% | 17.95% | 7.92% | 11.06% | -15.59% | 9.63% | 42.09% | 28.21% | -1.59% | 8.77% |
Returns By Period
In the year-to-date period, FPEIX achieves a -2.48% return, which is significantly lower than FACVX's 1.33% return. Over the past 10 years, FPEIX has underperformed FACVX with an annualized return of 4.99%, while FACVX has yielded a comparatively higher 10.83% annualized return.
FPEIX
- 1D
- -0.05%
- 1M
- -3.53%
- YTD
- -2.48%
- 6M
- -0.57%
- 1Y
- 5.97%
- 3Y*
- 9.41%
- 5Y*
- 2.84%
- 10Y*
- 4.99%
FACVX
- 1D
- -1.69%
- 1M
- -5.61%
- YTD
- 1.33%
- 6M
- 2.42%
- 1Y
- 24.20%
- 3Y*
- 11.28%
- 5Y*
- 5.01%
- 10Y*
- 10.83%
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FPEIX vs. FACVX - Expense Ratio Comparison
FPEIX has a 1.00% expense ratio, which is higher than FACVX's 0.97% expense ratio.
Return for Risk
FPEIX vs. FACVX — Risk / Return Rank
FPEIX
FACVX
FPEIX vs. FACVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Preferred Securities and Income Fund (FPEIX) and Fidelity Advisor Convertible Securities Fund Class A (FACVX). 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.
| FPEIX | FACVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.74 | 1.53 | +0.21 |
Sortino ratioReturn per unit of downside risk | 2.24 | 2.09 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.28 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.83 | -1.18 |
Martin ratioReturn relative to average drawdown | 6.10 | 10.69 | -4.59 |
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
| FPEIX | FACVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 1.53 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.38 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.80 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.92 | -0.11 |
Correlation
The correlation between FPEIX and FACVX is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FPEIX vs. FACVX - Dividend Comparison
FPEIX's dividend yield for the trailing twelve months is around 4.64%, less than FACVX's 11.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPEIX First Trust Preferred Securities and Income Fund | 4.64% | 5.40% | 5.60% | 5.17% | 5.30% | 4.70% | 4.88% | 5.36% | 5.93% | 5.36% | 5.66% | 5.56% |
FACVX Fidelity Advisor Convertible Securities Fund Class A | 11.04% | 11.18% | 1.85% | 1.86% | 3.48% | 20.42% | 10.56% | 3.04% | 9.55% | 3.89% | 4.62% | 10.02% |
Drawdowns
FPEIX vs. FACVX - Drawdown Comparison
The maximum FPEIX drawdown since its inception was -27.83%, which is greater than FACVX's maximum drawdown of -25.09%. Use the drawdown chart below to compare losses from any high point for FPEIX and FACVX.
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Drawdown Indicators
| FPEIX | FACVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.83% | -25.09% | -2.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -7.75% | +4.13% |
Max Drawdown (5Y)Largest decline over 5 years | -19.66% | -24.32% | +4.66% |
Max Drawdown (10Y)Largest decline over 10 years | -27.83% | -25.09% | -2.74% |
Current DrawdownCurrent decline from peak | -3.62% | -6.79% | +3.17% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -5.81% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 2.05% | -1.07% |
Volatility
FPEIX vs. FACVX - Volatility Comparison
The current volatility for First Trust Preferred Securities and Income Fund (FPEIX) is 1.28%, while Fidelity Advisor Convertible Securities Fund Class A (FACVX) has a volatility of 6.32%. This indicates that FPEIX experiences smaller price fluctuations and is considered to be less risky than FACVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPEIX | FACVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 6.32% | -5.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.26% | 12.07% | -9.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 15.64% | -11.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.22% | 13.36% | -8.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.52% | 13.51% | -6.99% |