HICSX vs. FIQVX
HICSX (Harbor Convertible Securities Fund) and FIQVX (Fidelity Advisor Convertible Securities Fund Class Z) are both Convertible Bonds funds. Over the past 5 years, HICSX returned 7.26%/yr vs 7.24%/yr for FIQVX. Their 0.95 correlation means they have historically moved very closely together. HICSX charges 1.12%/yr vs 0.59%/yr for FIQVX.
Performance
HICSX vs. FIQVX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with HICSX having a 13.82% return and FIQVX slightly higher at 14.14%.
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%
FIQVX
- 1D
- 3.02%
- 1M
- -3.61%
- 6M
- 8.67%
- YTD
- 14.14%
- 1Y
- 25.45%
- 3Y*
- 13.96%
- 5Y*
- 7.24%
- 10Y*
- —
- ALL TIME*
- 13.14%
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. FIQVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HICSX Harbor Convertible Securities Fund | 13.82% | 19.99% | 12.36% | 10.37% | -15.55% | 2.07% | 31.41% | 17.89% | -6.02% |
FIQVX Fidelity Advisor Convertible Securities Fund Class Z | 14.14% | 18.42% | 8.21% | 11.53% | -15.27% | 10.04% | 42.63% | 28.74% | -6.03% |
Correlation
The correlation between HICSX and FIQVX 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. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2018 | 0.95 |
The correlation between HICSX and FIQVX has been stable across timeframes, ranging from 0.95 to 0.99 - a consistent structural relationship.
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Return for Risk
HICSX vs. FIQVX — Risk / Return Rank
HICSX
FIQVX
HICSX vs. FIQVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Convertible Securities Fund (HICSX) and Fidelity Advisor Convertible Securities Fund Class Z (FIQVX). 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 | FIQVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.03 | +0.14 |
| Martin ratioReturn relative to average drawdown | 8.68 | 8.00 | +0.68 |
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Drawdowns
HICSX vs. FIQVX - Drawdown Comparison
The maximum HICSX drawdown since its inception was -23.68%, smaller than the maximum FIQVX drawdown of -25.04%. Use the drawdown chart below to compare losses from any high point for HICSX and FIQVX.
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Drawdown Indicators
| HICSX | FIQVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.68% | -25.04% | +1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -11.69% | +0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -11.24% | -18.86% | +7.62% |
Max Drawdown (5Y)Largest decline over 5 years | -22.03% | -24.16% | +2.13% |
Max Drawdown (10Y)Largest decline over 10 years | -23.68% | — | — |
Current DrawdownCurrent decline from peak | -8.15% | -9.02% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -6.66% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.97% | -0.24% |
Volatility
HICSX vs. FIQVX - Volatility Comparison
Harbor Convertible Securities Fund (HICSX) and Fidelity Advisor Convertible Securities Fund Class Z (FIQVX) have volatilities of 5.90% and 6.08%, 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 | FIQVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 6.08% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 13.49% | 13.99% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.34% | 17.01% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.89% | 13.92% | -2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.10% | 15.22% | -4.12% |
HICSX vs. FIQVX - Expense Ratio Comparison
HICSX has a 1.12% expense ratio, which is higher than FIQVX's 0.59% expense ratio.
Dividends
HICSX vs. FIQVX - Dividend Comparison
HICSX's dividend yield for the trailing twelve months is around 1.52%, less than FIQVX's 9.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQVX Fidelity Advisor Convertible Securities Fund Class Z | 9.24% | 11.52% | 2.13% | 2.24% | 3.88% | 20.80% | 10.85% | 3.40% | 8.28% | 0.00% | 0.00% | 0.00% |
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 FIQVX 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.
FIQVX has higher volatility (6.08%) compared to HICSX (5.90%). In terms of maximum drawdown, HICSX dropped -23.68% vs FIQVX's -25.04%.
HICSX currently has the higher Sharpe Ratio (1.46 vs 1.40), 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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