HICSX vs. CNSDX
HICSX (Harbor Convertible Securities Fund) and CNSDX (Invesco Convertible Securities Fund) are both Convertible Bonds funds. Over the past 10 years, HICSX returned 9.27%/yr vs 10.55%/yr for CNSDX. Their correlation of 0.94 means they have usually moved in the same direction. HICSX charges 1.12%/yr vs 0.68%/yr for CNSDX.
Performance
HICSX vs. CNSDX - Performance Comparison
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Returns By Period
In the year-to-date period, HICSX achieves a 13.82% return, which is significantly lower than CNSDX's 14.61% return. Over the past 10 years, HICSX has underperformed CNSDX with an annualized return of 9.27%, while CNSDX has yielded a comparatively higher 10.55% annualized return.
HICSX
- 1D
- 3.14%
- 1M
- -3.20%
- 6M
- 8.77%
- YTD
- 13.82%
- 1Y
- 25.28%
- 3Y*
- 16.05%
- 5Y*
- 7.26%
- 10Y*
- 9.27%
- ALL TIME*
- 7.50%
CNSDX
- 1D
- 2.96%
- 1M
- -3.26%
- 6M
- 8.67%
- YTD
- 14.61%
- 1Y
- 23.05%
- 3Y*
- 14.50%
- 5Y*
- 6.35%
- 10Y*
- 10.55%
- ALL TIME*
- 7.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HICSX vs. CNSDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HICSX Harbor Convertible Securities Fund | 13.82% | 19.99% | 12.36% | 10.37% | -15.55% | 2.07% | 31.41% | 17.89% | -0.65% | 7.93% |
CNSDX Invesco Convertible Securities Fund | 14.61% | 16.24% | 9.95% | 8.18% | -15.51% | 4.69% | 44.68% | 21.25% | -1.60% | 10.68% |
Correlation
The correlation between HICSX and CNSDX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 3, 2011 | 0.94 |
The correlation between HICSX and CNSDX has been stable across timeframes, ranging from 0.94 to 0.99 - a consistent structural relationship.
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Return for Risk
HICSX vs. CNSDX — Risk / Return Rank
HICSX
CNSDX
HICSX vs. CNSDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Convertible Securities Fund (HICSX) and Invesco Convertible Securities Fund (CNSDX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HICSX | CNSDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.09 | +0.09 |
| Martin ratioReturn relative to average drawdown | 8.68 | 7.22 | +1.46 |
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Drawdowns
HICSX vs. CNSDX - Drawdown Comparison
The maximum HICSX drawdown since its inception was -23.68%, smaller than the maximum CNSDX drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for HICSX and CNSDX.
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Drawdown Indicators
| HICSX | CNSDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.68% | -39.33% | +15.65% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -10.27% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -11.24% | -13.32% | +2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -22.03% | -22.73% | +0.70% |
Max Drawdown (10Y)Largest decline over 10 years | -23.68% | -24.19% | +0.51% |
Current DrawdownCurrent decline from peak | -8.15% | -7.61% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -6.89% | +2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.96% | -0.23% |
Volatility
HICSX vs. CNSDX - Volatility Comparison
Harbor Convertible Securities Fund (HICSX) and Invesco Convertible Securities Fund (CNSDX) have volatilities of 5.90% and 5.91%, 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
| HICSX | CNSDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 5.91% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.49% | 14.49% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.34% | 17.78% | -1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.89% | 12.76% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.10% | 13.07% | -1.97% |
HICSX vs. CNSDX - Expense Ratio Comparison
HICSX has a 1.12% expense ratio, which is higher than CNSDX's 0.68% expense ratio.
Dividends
HICSX vs. CNSDX - Dividend Comparison
HICSX's dividend yield for the trailing twelve months is around 1.52%, less than CNSDX's 10.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNSDX Invesco Convertible Securities Fund | 10.25% | 11.77% | 3.46% | 1.46% | 3.97% | 28.36% | 10.96% | 5.21% | 12.65% | 4.57% | 3.74% | 2.74% |
HICSX Harbor Convertible Securities Fund | 1.52% | 1.95% | 3.22% | 2.91% | 0.44% | 14.09% | 9.57% | 3.61% | 6.45% | 10.65% | 0.98% | 3.95% |
Frequently Asked Questions
With a correlation of 0.99, HICSX and CNSDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CNSDX has higher volatility (5.91%) compared to HICSX (5.90%). In terms of maximum drawdown, HICSX dropped -23.68% vs CNSDX's -39.33%.
HICSX currently has the higher Sharpe Ratio (1.46 vs 1.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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