FTCVX vs. PISHX
Compare and contrast key facts about Fidelity Advisor Convertible Securities Fund Class M (FTCVX) and Cohen & Steers Preferred Securities and Income SMA Shares (PISHX).
FTCVX is managed by Fidelity. It was launched on Feb 19, 2009. PISHX is managed by Cohen & Steers. It was launched on Feb 28, 2019.
Performance
FTCVX vs. PISHX - Performance Comparison
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FTCVX vs. PISHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FTCVX Fidelity Advisor Convertible Securities Fund Class M | 1.27% | 17.67% | 7.70% | 12.42% | -15.82% | 9.35% | 41.70% | 14.68% |
PISHX Cohen & Steers Preferred Securities and Income SMA Shares | -1.14% | 9.65% | 12.50% | 7.91% | -11.73% | 4.30% | 8.57% | 12.46% |
Returns By Period
In the year-to-date period, FTCVX achieves a 1.27% return, which is significantly higher than PISHX's -1.14% 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%
PISHX
- 1D
- 0.00%
- 1M
- -2.56%
- YTD
- -1.14%
- 6M
- 0.08%
- 1Y
- 6.86%
- 3Y*
- 10.90%
- 5Y*
- 4.03%
- 10Y*
- —
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FTCVX vs. PISHX - Expense Ratio Comparison
FTCVX has a 1.23% expense ratio, which is higher than PISHX's 0.00% expense ratio.
Return for Risk
FTCVX vs. PISHX — Risk / Return Rank
FTCVX
PISHX
FTCVX vs. PISHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Convertible Securities Fund Class M (FTCVX) and Cohen & Steers Preferred Securities and Income SMA Shares (PISHX). 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 | PISHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 2.13 | -0.62 |
Sortino ratioReturn per unit of downside risk | 2.06 | 2.66 | -0.60 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.54 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.93 | +0.86 |
Martin ratioReturn relative to average drawdown | 10.49 | 8.68 | +1.81 |
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 | PISHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 2.13 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.89 | -0.51 |
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 | 0.77 | +0.14 |
Correlation
The correlation between FTCVX and PISHX 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
FTCVX vs. PISHX - Dividend Comparison
FTCVX's dividend yield for the trailing twelve months is around 10.76%, more than PISHX's 5.12% 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% |
PISHX Cohen & Steers Preferred Securities and Income SMA Shares | 5.12% | 5.52% | 5.89% | 5.92% | 5.45% | 4.25% | 4.59% | 3.38% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTCVX vs. PISHX - Drawdown Comparison
The maximum FTCVX drawdown since its inception was -25.10%, smaller than the maximum PISHX drawdown of -27.12%. Use the drawdown chart below to compare losses from any high point for FTCVX and PISHX.
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Drawdown Indicators
| FTCVX | PISHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -27.12% | +2.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -3.46% | -4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -24.45% | -19.14% | -5.31% |
Max Drawdown (10Y)Largest decline over 10 years | -25.10% | — | — |
Current DrawdownCurrent decline from peak | -6.82% | -2.83% | -3.99% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -4.03% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 0.77% | +1.29% |
Volatility
FTCVX vs. PISHX - Volatility Comparison
Fidelity Advisor Convertible Securities Fund Class M (FTCVX) has a higher volatility of 6.33% compared to Cohen & Steers Preferred Securities and Income SMA Shares (PISHX) at 1.22%. This indicates that FTCVX's price experiences larger fluctuations and is considered to be riskier than PISHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTCVX | PISHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 1.22% | +5.11% |
Volatility (6M)Calculated over the trailing 6-month period | 12.09% | 1.76% | +10.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.66% | 3.22% | +12.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.38% | 4.54% | +8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.51% | 7.43% | +6.08% |