PPSIX vs. FIQVX
Compare and contrast key facts about Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) and Fidelity Advisor Convertible Securities Fund Class Z (FIQVX).
PPSIX is managed by Principal. It was launched on Apr 30, 2002. FIQVX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
PPSIX vs. FIQVX - Performance Comparison
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PPSIX vs. FIQVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PPSIX Principal Spectrum Preferred and Capital Securities Income Fund | -1.28% | 7.86% | 9.82% | 5.88% | -10.67% | 3.03% | 5.47% | 16.45% | -3.05% |
FIQVX Fidelity Advisor Convertible Securities Fund Class Z | 4.10% | 18.42% | 8.21% | 11.53% | -15.27% | 10.04% | 42.63% | 28.74% | -6.03% |
Returns By Period
In the year-to-date period, PPSIX achieves a -1.28% return, which is significantly lower than FIQVX's 4.10% return.
PPSIX
- 1D
- 0.33%
- 1M
- -2.45%
- YTD
- -1.28%
- 6M
- -0.36%
- 1Y
- 5.07%
- 3Y*
- 8.14%
- 5Y*
- 2.60%
- 10Y*
- 4.38%
FIQVX
- 1D
- 2.66%
- 1M
- -4.06%
- YTD
- 4.10%
- 6M
- 4.29%
- 1Y
- 27.33%
- 3Y*
- 12.65%
- 5Y*
- 5.66%
- 10Y*
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PPSIX vs. FIQVX - Expense Ratio Comparison
PPSIX has a 0.79% expense ratio, which is higher than FIQVX's 0.59% expense ratio.
Return for Risk
PPSIX vs. FIQVX — Risk / Return Rank
PPSIX
FIQVX
PPSIX vs. FIQVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) 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.
| PPSIX | FIQVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.77 | 1.78 | -0.01 |
Sortino ratioReturn per unit of downside risk | 2.24 | 2.41 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.33 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.59 | 3.56 | -1.96 |
Martin ratioReturn relative to average drawdown | 6.90 | 13.36 | -6.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PPSIX | FIQVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 1.78 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.42 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.83 | -0.25 |
Correlation
The correlation between PPSIX and FIQVX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PPSIX vs. FIQVX - Dividend Comparison
PPSIX's dividend yield for the trailing twelve months is around 5.37%, less than FIQVX's 11.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPSIX Principal Spectrum Preferred and Capital Securities Income Fund | 5.37% | 5.59% | 5.34% | 4.82% | 5.54% | 4.39% | 4.44% | 4.87% | 5.79% | 5.04% | 5.86% | 6.09% |
FIQVX Fidelity Advisor Convertible Securities Fund Class Z | 11.07% | 11.52% | 2.13% | 2.24% | 3.88% | 20.80% | 10.85% | 3.40% | 8.28% | 0.00% | 0.00% | 0.00% |
Drawdowns
PPSIX vs. FIQVX - Drawdown Comparison
The maximum PPSIX drawdown since its inception was -52.75%, which is greater than FIQVX's maximum drawdown of -25.04%. Use the drawdown chart below to compare losses from any high point for PPSIX and FIQVX.
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Drawdown Indicators
| PPSIX | FIQVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.75% | -25.04% | -27.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -7.74% | +4.56% |
Max Drawdown (5Y)Largest decline over 5 years | -17.37% | -24.16% | +6.79% |
Max Drawdown (10Y)Largest decline over 10 years | -22.82% | — | — |
Current DrawdownCurrent decline from peak | -2.86% | -4.30% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -6.83% | +3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 2.06% | -1.33% |
Volatility
PPSIX vs. FIQVX - Volatility Comparison
The current volatility for Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) is 1.37%, while Fidelity Advisor Convertible Securities Fund Class Z (FIQVX) has a volatility of 6.85%. This indicates that PPSIX 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.
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Volatility by Period
| PPSIX | FIQVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 6.85% | -5.48% |
Volatility (6M)Calculated over the trailing 6-month period | 1.84% | 12.31% | -10.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.87% | 15.83% | -12.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.21% | 13.40% | -9.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.35% | 15.03% | -9.68% |