FTCVX vs. FCVSX
Compare and contrast key facts about Fidelity Advisor Convertible Securities Fund Class M (FTCVX) and Fidelity Convertible Securities Fund (FCVSX).
FTCVX is managed by Fidelity. It was launched on Feb 19, 2009. FCVSX is managed by Fidelity. It was launched on Jan 5, 1987.
Performance
FTCVX vs. FCVSX - Performance Comparison
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FTCVX vs. FCVSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTCVX Fidelity Advisor Convertible Securities Fund Class M | 3.94% | 17.67% | 7.70% | 12.42% | -15.82% | 9.35% | 41.70% | 27.83% | -1.88% | 8.54% |
FCVSX Fidelity Convertible Securities Fund | 4.06% | 8.52% | 13.91% | 11.42% | -15.33% | 9.95% | 42.52% | 28.58% | -1.29% | 9.03% |
Returns By Period
The year-to-date returns for both investments are quite close, with FTCVX having a 3.94% return and FCVSX slightly higher at 4.06%. Both investments have delivered pretty close results over the past 10 years, with FTCVX having a 10.99% annualized return and FCVSX not far ahead at 11.05%.
FTCVX
- 1D
- 2.64%
- 1M
- -4.12%
- YTD
- 3.94%
- 6M
- 3.94%
- 1Y
- 26.52%
- 3Y*
- 12.53%
- 5Y*
- 5.32%
- 10Y*
- 10.99%
FCVSX
- 1D
- 2.65%
- 1M
- -4.07%
- YTD
- 4.06%
- 6M
- -4.40%
- 1Y
- 16.70%
- 3Y*
- 11.27%
- 5Y*
- 4.84%
- 10Y*
- 11.05%
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FTCVX vs. FCVSX - Expense Ratio Comparison
FTCVX has a 1.23% expense ratio, which is higher than FCVSX's 0.67% expense ratio.
Return for Risk
FTCVX vs. FCVSX — Risk / Return Rank
FTCVX
FCVSX
FTCVX vs. FCVSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Convertible Securities Fund Class M (FTCVX) 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.
| FTCVX | FCVSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 0.95 | +0.78 |
Sortino ratioReturn per unit of downside risk | 2.34 | 1.25 | +1.09 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.20 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 3.44 | 1.42 | +2.02 |
Martin ratioReturn relative to average drawdown | 12.83 | 4.29 | +8.54 |
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
| FTCVX | FCVSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 0.95 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.35 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.81 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.70 | +0.22 |
Correlation
The correlation between FTCVX and FCVSX is 1.00, 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
FTCVX vs. FCVSX - Dividend Comparison
FTCVX's dividend yield for the trailing twelve months is around 10.48%, more than FCVSX's 2.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTCVX Fidelity Advisor Convertible Securities Fund Class M | 10.48% | 10.89% | 1.66% | 3.03% | 3.18% | 20.07% | 10.32% | 2.74% | 9.06% | 3.78% | 4.32% | 9.73% |
FCVSX Fidelity Convertible Securities Fund | 2.13% | 2.21% | 7.47% | 2.13% | 3.78% | 20.64% | 10.75% | 3.28% | 9.86% | 4.11% | 4.90% | 10.41% |
Drawdowns
FTCVX vs. FCVSX - Drawdown Comparison
The maximum FTCVX drawdown since its inception was -25.10%, smaller than the maximum FCVSX drawdown of -58.76%. Use the drawdown chart below to compare losses from any high point for FTCVX and FCVSX.
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Drawdown Indicators
| FTCVX | FCVSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -58.76% | +33.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -10.68% | +2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -24.45% | -24.18% | -0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -25.10% | -25.08% | -0.02% |
Current DrawdownCurrent decline from peak | -4.36% | -7.05% | +2.69% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -7.25% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 3.53% | -1.45% |
Volatility
FTCVX vs. FCVSX - Volatility Comparison
Fidelity Advisor Convertible Securities Fund Class M (FTCVX) and Fidelity Convertible Securities Fund (FCVSX) have volatilities of 6.86% and 6.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTCVX | FCVSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 6.86% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 12.33% | 15.63% | -3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.84% | 18.35% | -2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 13.83% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.54% | 13.74% | -0.20% |