Correlation
The correlation between PCONX and FCVSX is 0.77, 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.
PCONX vs. FCVSX
Compare and contrast key facts about Putnam Convertible Securities Fund (PCONX) and Fidelity Convertible Securities Fund (FCVSX).
PCONX is managed by Putnam. It was launched on Jun 28, 1972. FCVSX is managed by Fidelity. It was launched on Jan 5, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PCONX or FCVSX.
Performance
PCONX vs. FCVSX - Performance Comparison
Loading data...
Key characteristics
PCONX:
1.05
FCVSX:
0.95
PCONX:
1.43
FCVSX:
1.29
PCONX:
1.19
FCVSX:
1.17
PCONX:
0.87
FCVSX:
0.82
PCONX:
3.19
FCVSX:
2.80
PCONX:
3.81%
FCVSX:
4.26%
PCONX:
12.29%
FCVSX:
13.52%
PCONX:
-47.69%
FCVSX:
-58.76%
PCONX:
-2.77%
FCVSX:
-3.53%
Returns By Period
In the year-to-date period, PCONX achieves a 2.22% return, which is significantly higher than FCVSX's 1.57% return. Over the past 10 years, PCONX has underperformed FCVSX with an annualized return of 7.77%, while FCVSX has yielded a comparatively higher 8.51% annualized return.
PCONX
2.22%
3.37%
-2.09%
12.68%
6.55%
8.01%
7.77%
FCVSX
1.57%
3.44%
-3.35%
12.60%
8.22%
10.69%
8.51%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PCONX vs. FCVSX - Expense Ratio Comparison
PCONX has a 1.03% expense ratio, which is higher than FCVSX's 0.67% expense ratio.
Risk-Adjusted Performance
PCONX vs. FCVSX — Risk-Adjusted Performance Rank
PCONX
FCVSX
PCONX vs. FCVSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Convertible Securities Fund (PCONX) 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.
Loading data...
Dividends
PCONX vs. FCVSX - Dividend Comparison
PCONX's dividend yield for the trailing twelve months is around 1.92%, less than FCVSX's 7.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCONX Putnam Convertible Securities Fund | 1.92% | 1.48% | 0.99% | 1.59% | 26.98% | 11.62% | 7.72% | 13.92% | 3.95% | 2.08% | 6.78% | 6.52% |
FCVSX Fidelity Convertible Securities Fund | 7.63% | 7.47% | 2.13% | 3.78% | 20.64% | 10.75% | 3.28% | 9.86% | 4.67% | 4.90% | 10.41% | 5.31% |
Drawdowns
PCONX vs. FCVSX - Drawdown Comparison
The maximum PCONX drawdown since its inception was -47.69%, smaller than the maximum FCVSX drawdown of -58.76%. Use the drawdown chart below to compare losses from any high point for PCONX and FCVSX.
Loading data...
Volatility
PCONX vs. FCVSX - Volatility Comparison
Putnam Convertible Securities Fund (PCONX) and Fidelity Convertible Securities Fund (FCVSX) have volatilities of 3.00% and 2.94%, 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.
Loading data...