PCF vs. FIQVX
PCF (High Income Securities Fund) and FIQVX (Fidelity Advisor Convertible Securities Fund Class Z) are both Convertible Bonds funds. Over the past 5 years, PCF returned -0.68%/yr vs 7.24%/yr for FIQVX. Their 0.37 correlation means their historical movements had little consistent relationship.
Performance
PCF vs. FIQVX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PCF achieves a -7.81% return, which is significantly lower than FIQVX's 14.14% return.
PCF
- 1D
- -0.38%
- 1M
- -4.01%
- 6M
- -7.56%
- YTD
- -7.81%
- 1Y
- -5.80%
- 3Y*
- 5.45%
- 5Y*
- -0.68%
- 10Y*
- 5.49%
- ALL TIME*
- 5.04%
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 | |
| $275.34K | $274.09K | $326.49K |
PCF vs. FIQVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PCF High Income Securities Fund | -7.81% | 5.31% | 16.66% | 10.45% | -15.56% | 11.44% | 8.13% | 4.22% | -0.75% |
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 PCF and FIQVX is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2018 | 0.37 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PCF vs. FIQVX — Risk / Return Rank
PCF
FIQVX
PCF vs. FIQVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for High Income Securities Fund (PCF) 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.
| PCF | FIQVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.24 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 2.03 | -2.63 |
| Martin ratioReturn relative to average drawdown | -1.26 | 8.00 | -9.26 |
Loading charts...
Drawdowns
PCF vs. FIQVX - Drawdown Comparison
The maximum PCF drawdown since its inception was -53.82%, which is greater than FIQVX's maximum drawdown of -25.04%. Use the drawdown chart below to compare losses from any high point for PCF and FIQVX.
Loading charts...
Drawdown Indicators
| PCF | FIQVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.82% | -25.04% | -28.78% |
Max Drawdown (1Y)Largest decline over 1 year | -10.73% | -11.69% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -13.74% | -18.86% | +5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -29.06% | -24.16% | -4.90% |
Max Drawdown (10Y)Largest decline over 10 years | -45.13% | — | — |
Current DrawdownCurrent decline from peak | -9.67% | -9.02% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -10.48% | -6.66% | -3.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 2.97% | +2.11% |
Volatility
PCF vs. FIQVX - Volatility Comparison
The current volatility for High Income Securities Fund (PCF) is 3.77%, while Fidelity Advisor Convertible Securities Fund Class Z (FIQVX) has a volatility of 6.08%. This indicates that PCF experiences smaller price fluctuations and is considered to be less risky than FIQVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PCF | FIQVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 6.08% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 13.99% | -3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.94% | 17.01% | -5.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 13.92% | +2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 15.22% | +2.32% |
Dividends
PCF vs. FIQVX - Dividend Comparison
PCF's dividend yield for the trailing twelve months is around 13.30%, more 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% |
PCF High Income Securities Fund | 13.30% | 11.57% | 11.29% | 11.29% | 13.48% | 10.82% | 11.46% | 3.29% | 6.88% | 3.97% | 4.52% | 5.07% |
Frequently Asked Questions
PCF and FIQVX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIQVX has higher volatility (6.08%) compared to PCF (3.77%). In terms of maximum drawdown, PCF dropped -53.82% vs FIQVX's -25.04%.
FIQVX currently has the higher Sharpe Ratio (1.40 vs -0.54), 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.
Find the right allocation for PCF and FIQVX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer