PFINX vs. FACVX

Last updated Jun 23, 2026

PFINX (PIMCO Preferred and Capital Securities Fund) and FACVX (Fidelity Advisor Convertible Securities Fund Class A) are both Preferred Stock/Convertible Bonds funds. Over the past 10 years, PFINX returned 6.11%/yr vs 12.86%/yr for FACVX. At a 0.37 correlation, their price movements are largely independent. PFINX charges 0.79%/yr vs 0.97%/yr for FACVX.

Performance

PFINX vs. FACVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Preferred and Capital Securities Fund (PFINX) and Fidelity Advisor Convertible Securities Fund Class A (FACVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PFINX achieves a 2.23% return, which is significantly lower than FACVX's 23.85% return. Over the past 10 years, PFINX has underperformed FACVX with an annualized return of 6.11%, while FACVX has yielded a comparatively higher 12.86% annualized return.

PFINX

• 1D: 0.00%
• 1M: 1.02%
• YTD: 2.23%
• 6M: 1.09%
• 1Y: 7.97%
• 3Y*: 10.31%
• 5Y*: 3.05%
• 10Y*: 6.11%

FACVX

• 1D: 1.22%
• 1M: 3.09%
• YTD: 23.85%
• 6M: 21.46%
• 1Y: 41.44%
• 3Y*: 17.98%
• 5Y*: 9.02%
• 10Y*: 12.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PFINX vs. FACVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PFINX PIMCO Preferred and Capital Securities Fund	2.23%	8.73%	10.84%	7.03%	-12.82%	4.61%	6.73%	20.78%	-4.17%	13.28%
FACVX Fidelity Advisor Convertible Securities Fund Class A	23.85%	17.95%	7.92%	11.06%	-15.59%	9.63%	42.09%	28.21%	-1.59%	8.77%

Correlation

The correlation between PFINX and FACVX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Apr 14, 2015	0.37

Return for Risk

PFINX vs. FACVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PFINX

PFINX Risk / Return Rank: 73
PFINX Sharpe Ratio Rank: 82
PFINX Sortino Ratio Rank: 86
PFINX Omega Ratio Rank: 91
PFINX Calmar Ratio Rank: 50
PFINX Martin Ratio Rank: 55

FACVX

FACVX Risk / Return Rank: 87
FACVX Sharpe Ratio Rank: 87
FACVX Sortino Ratio Rank: 77
FACVX Omega Ratio Rank: 77
FACVX Calmar Ratio Rank: 96
FACVX Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PFINX vs. FACVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Preferred and Capital Securities Fund (PFINX) and Fidelity Advisor Convertible Securities Fund Class A (FACVX). 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.

	PFINX	FACVX	Difference
Sharpe ratio: Return per unit of total volatility	2.46	2.64	-0.18
Sortino ratio: Return per unit of downside risk	3.81	3.36	+0.45
Omega ratio: Gain probability vs. loss probability	1.63	1.45	+0.18
Calmar ratio: Return relative to maximum drawdown	2.60	5.83	-3.22
Martin ratio: Return relative to average drawdown	10.45	21.09	-10.64

PFINX vs. FACVX - Sharpe Ratio Comparison

The current PFINX Sharpe Ratio is 2.46, which is comparable to the FACVX Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of PFINX and FACVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PFINX vs. FACVX - Drawdown Comparison

The maximum PFINX drawdown since its inception was -23.93%, roughly equal to the maximum FACVX drawdown of -25.09%. Use the drawdown chart below to compare losses from any high point for PFINX and FACVX.

Drawdown Indicators

	PFINX	FACVX	Difference
Max Drawdown Largest peak-to-trough decline	-23.93%	-25.09%	+1.16%
Max Drawdown (1Y) Largest decline over 1 year	-3.09%	-7.15%	+4.06%
Max Drawdown (3Y) Largest decline over 3 years	-3.93%	-18.91%	+14.98%
Max Drawdown (5Y) Largest decline over 5 years	-22.11%	-24.32%	+2.21%
Max Drawdown (10Y) Largest decline over 10 years	-23.93%	-25.09%	+1.16%
Current Drawdown Current decline from peak	-0.10%	-1.13%	+1.03%
Average Drawdown Average peak-to-trough decline	-3.44%	-5.75%	+2.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	1.97%	-1.20%

Volatility

PFINX vs. FACVX - Volatility Comparison

The current volatility for PIMCO Preferred and Capital Securities Fund (PFINX) is 0.65%, while Fidelity Advisor Convertible Securities Fund Class A (FACVX) has a volatility of 6.46%. This indicates that PFINX experiences smaller price fluctuations and is considered to be less risky than FACVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PFINX	FACVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.65%	6.46%	-5.81%
Volatility (6M) Calculated over the trailing 6-month period	2.60%	12.93%	-10.33%
Volatility (1Y) Calculated over the trailing 1-year period	3.26%	15.80%	-12.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.53%	13.69%	-8.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.12%	13.76%	-7.64%

PFINX vs. FACVX - Expense Ratio Comparison

PFINX has a 0.79% expense ratio, which is lower than FACVX's 0.97% expense ratio.

Dividends

PFINX vs. FACVX - Dividend Comparison

PFINX's dividend yield for the trailing twelve months is around 3.88%, less than FACVX's 8.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FACVX Fidelity Advisor Convertible Securities Fund Class A	8.74%	11.18%	1.85%	1.86%	3.48%	20.42%	10.56%	3.04%	9.55%	3.89%	4.62%	10.02%
PFINX PIMCO Preferred and Capital Securities Fund	3.88%	3.74%	5.30%	6.26%	8.54%	5.79%	3.06%	6.40%	6.43%	7.08%	6.19%	2.34%

Frequently Asked Questions

Can I hold both PFINX and FACVX in my portfolio?

PFINX and FACVX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PFINX or FACVX?

FACVX has higher volatility (6.46%) compared to PFINX (0.65%). In terms of maximum drawdown, PFINX dropped -23.93% vs FACVX's -25.09%.

Which has better risk-adjusted returns?

FACVX currently has the higher Sharpe Ratio (2.64 vs 2.46), 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.