ICVT vs. FCVSX
Compare and contrast key facts about iShares Convertible Bond ETF (ICVT) and Fidelity Convertible Securities Fund (FCVSX).
ICVT is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Convertible Cash Pay Bond > $250MM Index. It was launched on Jun 2, 2015. FCVSX is managed by Fidelity. It was launched on Jan 5, 1987.
Performance
ICVT vs. FCVSX - Performance Comparison
Loading graphics...
ICVT vs. FCVSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICVT iShares Convertible Bond ETF | 3.58% | 18.10% | 10.61% | 15.35% | -20.66% | -0.66% | 61.01% | 21.76% | -0.27% | 16.38% |
FCVSX Fidelity Convertible Securities Fund | 1.37% | 8.52% | 13.91% | 11.42% | -15.33% | 9.95% | 42.52% | 28.58% | -1.29% | 9.03% |
Returns By Period
In the year-to-date period, ICVT achieves a 3.58% return, which is significantly higher than FCVSX's 1.37% return. Over the past 10 years, ICVT has outperformed FCVSX with an annualized return of 12.24%, while FCVSX has yielded a comparatively lower 10.76% annualized return.
ICVT
- 1D
- 2.66%
- 1M
- -2.73%
- YTD
- 3.58%
- 6M
- 2.56%
- 1Y
- 23.90%
- 3Y*
- 14.18%
- 5Y*
- 3.55%
- 10Y*
- 12.24%
FCVSX
- 1D
- -1.70%
- 1M
- -5.62%
- YTD
- 1.37%
- 6M
- -5.95%
- 1Y
- 14.23%
- 3Y*
- 10.31%
- 5Y*
- 4.58%
- 10Y*
- 10.76%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ICVT vs. FCVSX - Expense Ratio Comparison
ICVT has a 0.20% expense ratio, which is lower than FCVSX's 0.67% expense ratio.
Return for Risk
ICVT vs. FCVSX — Risk / Return Rank
ICVT
FCVSX
ICVT vs. FCVSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Convertible Bond ETF (ICVT) 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.
| ICVT | FCVSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 0.77 | +0.94 |
Sortino ratioReturn per unit of downside risk | 2.33 | 1.04 | +1.29 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.17 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 3.10 | 1.08 | +2.02 |
Martin ratioReturn relative to average drawdown | 10.57 | 3.26 | +7.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| ICVT | FCVSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 0.77 | +0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.33 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.79 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.70 | -0.03 |
Correlation
The correlation between ICVT and FCVSX is 0.83, 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
ICVT vs. FCVSX - Dividend Comparison
ICVT's dividend yield for the trailing twelve months is around 1.62%, less than FCVSX's 2.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICVT iShares Convertible Bond ETF | 1.62% | 1.73% | 2.19% | 1.85% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
FCVSX Fidelity Convertible Securities Fund | 2.18% | 2.21% | 7.47% | 2.13% | 3.78% | 20.64% | 10.75% | 3.28% | 9.86% | 4.11% | 4.90% | 10.41% |
Drawdowns
ICVT vs. FCVSX - Drawdown Comparison
The maximum ICVT drawdown since its inception was -33.25%, smaller than the maximum FCVSX drawdown of -58.76%. Use the drawdown chart below to compare losses from any high point for ICVT and FCVSX.
Loading graphics...
Drawdown Indicators
| ICVT | FCVSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.25% | -58.76% | +25.51% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -10.68% | +3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -29.95% | -24.18% | -5.77% |
Max Drawdown (10Y)Largest decline over 10 years | -33.25% | -25.08% | -8.17% |
Current DrawdownCurrent decline from peak | -3.67% | -9.45% | +5.78% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -7.25% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 3.54% | -1.33% |
Volatility
ICVT vs. FCVSX - Volatility Comparison
iShares Convertible Bond ETF (ICVT) has a higher volatility of 6.74% compared to Fidelity Convertible Securities Fund (FCVSX) at 6.33%. This indicates that ICVT's price experiences larger fluctuations and is considered to be riskier than FCVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| ICVT | FCVSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 6.33% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.65% | 15.41% | -3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.02% | 18.20% | -4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 13.80% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 13.72% | +1.82% |