VVL.TO vs. FCCVX

Last updated Jun 4, 2026

VVL.TO (Vanguard Global Value Factor ETF CAD) and FCCVX (Fidelity Advisor Convertible Securities Fund Class C) are both funds - VVL.TO is a Global Equities fund actively managed by Vanguard, while FCCVX is a Preferred Stock/Convertible Bonds fund managed by Fidelity. Over the past 5 years, VVL.TO returned 13.78%/yr vs 11.51%/yr for FCCVX. A 0.54 correlation means they provide meaningful diversification when combined. VVL.TO charges 0.38%/yr vs 1.74%/yr for FCCVX.

Performance

VVL.TO vs. FCCVX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard Global Value Factor ETF CAD (VVL.TO) and Fidelity Advisor Convertible Securities Fund Class C (FCCVX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VVL.TO is traded in CAD, while FCCVX is traded in USD. To make them comparable, the FCCVX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VVL.TO achieves a 10.59% return, which is significantly lower than FCCVX's 25.93% return.

VVL.TO

• 1D: -0.67%
• 1M: 3.38%
• YTD: 10.59%
• 6M: 10.52%
• 1Y: 33.99%
• 3Y*: 21.25%
• 5Y*: 13.78%
• 10Y*: —

FCCVX

• 1D: 1.47%
• 1M: 9.00%
• YTD: 25.93%
• 6M: 23.24%
• 1Y: 44.27%
• 3Y*: 19.69%
• 5Y*: 11.51%
• 10Y*: 12.94%

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

VVL.TO vs. FCCVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VVL.TO Vanguard Global Value Factor ETF CAD	10.59%	21.53%	14.96%	16.51%	0.45%	29.74%	-3.32%	13.38%	-9.42%	12.32%
FCCVX Fidelity Advisor Convertible Securities Fund Class C	25.93%	11.67%	16.49%	7.81%	-10.25%	7.79%	38.62%	21.00%	5.96%	1.33%

Correlation

The correlation between VVL.TO and FCCVX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Jun 23, 2016	0.54

The correlation between VVL.TO and FCCVX has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.

Return for Risk

VVL.TO vs. FCCVX — Risk / Return Rank

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

VVL.TO

VVL.TO Risk / Return Rank: 77
VVL.TO Sharpe Ratio Rank: 76
VVL.TO Sortino Ratio Rank: 81
VVL.TO Omega Ratio Rank: 72
VVL.TO Calmar Ratio Rank: 76
VVL.TO Martin Ratio Rank: 78

FCCVX

FCCVX Risk / Return Rank: 88
FCCVX Sharpe Ratio Rank: 90
FCCVX Sortino Ratio Rank: 81
FCCVX Omega Ratio Rank: 78
FCCVX Calmar Ratio Rank: 96
FCCVX 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.

VVL.TO vs. FCCVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Value Factor ETF CAD (VVL.TO) and Fidelity Advisor Convertible Securities Fund Class C (FCCVX). 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.

	VVL.TO	FCCVX	Difference
Sharpe ratio: Return per unit of total volatility	2.50	3.13	-0.62
Sortino ratio: Return per unit of downside risk	3.69	4.03	-0.34
Omega ratio: Gain probability vs. loss probability	1.44	1.54	-0.10
Calmar ratio: Return relative to maximum drawdown	3.87	6.83	-2.97
Martin ratio: Return relative to average drawdown	15.35	23.14	-7.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VVL.TO vs. FCCVX - Sharpe Ratio Comparison

The current VVL.TO Sharpe Ratio is 2.50, which is comparable to the FCCVX Sharpe Ratio of 3.13. The chart below compares the historical Sharpe Ratios of VVL.TO and FCCVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VVL.TO	FCCVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	3.13	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.96	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	1.07	-0.42

Drawdowns

VVL.TO vs. FCCVX - Drawdown Comparison

The maximum VVL.TO drawdown since its inception was -43.93%, which is greater than FCCVX's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for VVL.TO and FCCVX.

Drawdown Indicators

	VVL.TO	FCCVX	Difference
Max Drawdown Largest peak-to-trough decline	-43.93%	-22.13%	-21.80%
Max Drawdown (1Y) Largest decline over 1 year	-8.83%	-6.67%	-2.16%
Max Drawdown (3Y) Largest decline over 3 years	-18.10%	-18.30%	+0.20%
Max Drawdown (5Y) Largest decline over 5 years	-18.10%	-22.13%	+4.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.13%	—
Current Drawdown Current decline from peak	-0.76%	0.00%	-0.76%
Average Drawdown Average peak-to-trough decline	-5.71%	-4.83%	-0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	1.97%	+0.25%

Volatility

VVL.TO vs. FCCVX - Volatility Comparison

The current volatility for Vanguard Global Value Factor ETF CAD (VVL.TO) is 3.17%, while Fidelity Advisor Convertible Securities Fund Class C (FCCVX) has a volatility of 4.89%. This indicates that VVL.TO experiences smaller price fluctuations and is considered to be less risky than FCCVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VVL.TO	FCCVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.17%	4.89%	-1.72%
Volatility (6M) Calculated over the trailing 6-month period	9.36%	11.69%	-2.33%
Volatility (1Y) Calculated over the trailing 1-year period	13.68%	14.58%	-0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.02%	12.07%	+3.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.74%	12.41%	+6.33%

VVL.TO vs. FCCVX - Expense Ratio Comparison

VVL.TO has a 0.38% expense ratio, which is lower than FCCVX's 1.74% expense ratio.

Dividends

VVL.TO vs. FCCVX - Dividend Comparison

VVL.TO's dividend yield for the trailing twelve months is around 1.71%, less than FCCVX's 8.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCCVX Fidelity Advisor Convertible Securities Fund Class C	8.06%	10.47%	1.32%	1.12%	2.62%	19.63%	9.96%	2.31%	8.75%	3.35%	3.85%	9.24%
VVL.TO Vanguard Global Value Factor ETF CAD	1.71%	1.89%	2.19%	2.65%	2.52%	1.48%	1.67%	2.60%	2.11%	1.33%	0.59%	0.00%

Frequently Asked Questions

Can I hold both VVL.TO and FCCVX in my portfolio?

VVL.TO and FCCVX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.