FPF vs. FICVX
Compare and contrast key facts about First Trust Intermediate Duration Preferred and Income Fund (FPF) and Fidelity Advisor Convertible Securities Fund Class I (FICVX).
FPF is managed by First Trust. It was launched on Apr 1, 2009. FICVX is managed by Fidelity. It was launched on Feb 19, 2009.
Performance
FPF vs. FICVX - Performance Comparison
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FPF vs. FICVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPF First Trust Intermediate Duration Preferred and Income Fund | -4.04% | 13.14% | 20.90% | 5.31% | -25.83% | 9.12% | 9.67% | 28.24% | -11.97% | 15.99% |
FICVX Fidelity Advisor Convertible Securities Fund Class I | 1.37% | 18.28% | 8.11% | 11.39% | -15.38% | 9.93% | 42.46% | 28.58% | -1.31% | 9.03% |
Returns By Period
In the year-to-date period, FPF achieves a -4.04% return, which is significantly lower than FICVX's 1.37% return. Over the past 10 years, FPF has underperformed FICVX with an annualized return of 5.68%, while FICVX has yielded a comparatively higher 11.11% annualized return.
FPF
- 1D
- 2.38%
- 1M
- -7.17%
- YTD
- -4.04%
- 6M
- -3.83%
- 1Y
- 4.72%
- 3Y*
- 13.45%
- 5Y*
- 1.98%
- 10Y*
- 5.68%
FICVX
- 1D
- -1.71%
- 1M
- -5.61%
- YTD
- 1.37%
- 6M
- 2.53%
- 1Y
- 24.52%
- 3Y*
- 11.55%
- 5Y*
- 5.27%
- 10Y*
- 11.11%
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FPF vs. FICVX - Expense Ratio Comparison
FPF has a 0.02% expense ratio, which is lower than FICVX's 0.70% expense ratio.
Return for Risk
FPF vs. FICVX — Risk / Return Rank
FPF
FICVX
FPF vs. FICVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Intermediate Duration Preferred and Income Fund (FPF) and Fidelity Advisor Convertible Securities Fund Class I (FICVX). 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.
| FPF | FICVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.39 | 1.55 | -1.15 |
Sortino ratioReturn per unit of downside risk | 0.56 | 2.11 | -1.56 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.29 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 0.44 | 2.87 | -2.43 |
Martin ratioReturn relative to average drawdown | 1.35 | 10.86 | -9.51 |
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
| FPF | FICVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 1.55 | -1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.40 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.83 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.95 | -0.70 |
Correlation
The correlation between FPF and FICVX is 0.36, 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
FPF vs. FICVX - Dividend Comparison
FPF's dividend yield for the trailing twelve months is around 9.36%, less than FICVX's 11.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPF First Trust Intermediate Duration Preferred and Income Fund | 9.36% | 8.85% | 9.17% | 8.31% | 8.62% | 6.75% | 6.55% | 7.08% | 8.79% | 7.63% | 9.31% | 9.16% |
FICVX Fidelity Advisor Convertible Securities Fund Class I | 11.23% | 11.38% | 2.02% | 2.12% | 3.73% | 20.65% | 10.73% | 3.28% | 9.85% | 4.09% | 4.90% | 10.39% |
Drawdowns
FPF vs. FICVX - Drawdown Comparison
The maximum FPF drawdown since its inception was -53.78%, which is greater than FICVX's maximum drawdown of -25.06%. Use the drawdown chart below to compare losses from any high point for FPF and FICVX.
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Drawdown Indicators
| FPF | FICVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.78% | -25.06% | -28.72% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -7.75% | -2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -37.06% | -24.20% | -12.86% |
Max Drawdown (10Y)Largest decline over 10 years | -53.78% | -25.06% | -28.72% |
Current DrawdownCurrent decline from peak | -7.99% | -6.80% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -8.49% | -5.68% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.05% | +1.28% |
Volatility
FPF vs. FICVX - Volatility Comparison
The current volatility for First Trust Intermediate Duration Preferred and Income Fund (FPF) is 5.15%, while Fidelity Advisor Convertible Securities Fund Class I (FICVX) has a volatility of 6.34%. This indicates that FPF experiences smaller price fluctuations and is considered to be less risky than FICVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPF | FICVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 6.34% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 6.68% | 12.08% | -5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.01% | 15.65% | -3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 13.36% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.00% | 13.50% | +11.50% |