FTCVX vs. FNILX
Compare and contrast key facts about Fidelity Advisor Convertible Securities Fund Class M (FTCVX) and Fidelity ZERO Large Cap Index Fund (FNILX).
FTCVX is managed by Fidelity. It was launched on Feb 19, 2009. FNILX is managed by Fidelity.
Performance
FTCVX vs. FNILX - Performance Comparison
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FTCVX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FTCVX Fidelity Advisor Convertible Securities Fund Class M | 1.27% | 17.67% | 7.70% | 12.42% | -15.82% | 9.35% | 41.70% | 27.83% | -7.92% |
FNILX Fidelity ZERO Large Cap Index Fund | -7.30% | 17.81% | 25.47% | 27.45% | -19.37% | 26.67% | 21.13% | 31.79% | -13.60% |
Returns By Period
In the year-to-date period, FTCVX achieves a 1.27% return, which is significantly higher than FNILX's -7.30% return.
FTCVX
- 1D
- -1.69%
- 1M
- -5.65%
- YTD
- 1.27%
- 6M
- 2.27%
- 1Y
- 23.90%
- 3Y*
- 11.56%
- 5Y*
- 5.06%
- 10Y*
- 10.70%
FNILX
- 1D
- -0.35%
- 1M
- -7.60%
- YTD
- -7.30%
- 6M
- -5.00%
- 1Y
- 14.41%
- 3Y*
- 17.43%
- 5Y*
- 11.17%
- 10Y*
- —
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FTCVX vs. FNILX - Expense Ratio Comparison
FTCVX has a 1.23% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Return for Risk
FTCVX vs. FNILX — Risk / Return Rank
FTCVX
FNILX
FTCVX vs. FNILX - 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 ZERO Large Cap Index Fund (FNILX). 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 | FNILX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 0.83 | +0.68 |
Sortino ratioReturn per unit of downside risk | 2.06 | 1.28 | +0.78 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.20 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.04 | +1.75 |
Martin ratioReturn relative to average drawdown | 10.49 | 5.01 | +5.47 |
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 | FNILX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 0.83 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.65 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.64 | +0.27 |
Correlation
The correlation between FTCVX and FNILX is 0.85, 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. FNILX - Dividend Comparison
FTCVX's dividend yield for the trailing twelve months is around 10.76%, more than FNILX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTCVX Fidelity Advisor Convertible Securities Fund Class M | 10.76% | 10.89% | 1.66% | 3.03% | 3.18% | 20.07% | 10.32% | 2.74% | 9.06% | 3.78% | 4.32% | 9.73% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.09% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTCVX vs. FNILX - Drawdown Comparison
The maximum FTCVX drawdown since its inception was -25.10%, smaller than the maximum FNILX drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FTCVX and FNILX.
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Drawdown Indicators
| FTCVX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -33.76% | +8.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -12.18% | +4.42% |
Max Drawdown (5Y)Largest decline over 5 years | -24.45% | -25.40% | +0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -25.10% | — | — |
Current DrawdownCurrent decline from peak | -6.82% | -9.01% | +2.19% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -5.47% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 2.54% | -0.48% |
Volatility
FTCVX vs. FNILX - Volatility Comparison
Fidelity Advisor Convertible Securities Fund Class M (FTCVX) has a higher volatility of 6.33% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 4.23%. This indicates that FTCVX's price experiences larger fluctuations and is considered to be riskier than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTCVX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 4.23% | +2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.09% | 9.14% | +2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.66% | 18.26% | -2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.38% | 17.22% | -3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.51% | 20.17% | -6.66% |