XCV.TO vs. FCCVX
XCV.TO (iShares Canadian Value Index ETF) and FCCVX (Fidelity Advisor Convertible Securities Fund Class C) are both funds - XCV.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while FCCVX is a Preferred Stock/Convertible Bonds fund managed by Fidelity. Over the past 10 years, XCV.TO returned 13.20%/yr vs 12.94%/yr for FCCVX. At a 0.34 correlation, their price movements are largely independent. XCV.TO charges 0.55%/yr vs 1.74%/yr for FCCVX.
Performance
XCV.TO vs. FCCVX - Performance Comparison
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Different Trading Currencies
XCV.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, XCV.TO achieves a 19.17% return, which is significantly lower than FCCVX's 25.93% return. Both investments have delivered pretty close results over the past 10 years, with XCV.TO having a 13.20% annualized return and FCCVX not far behind at 12.94%.
XCV.TO
- 1D
- -0.02%
- 1M
- 4.70%
- YTD
- 19.17%
- 6M
- 19.26%
- 1Y
- 44.26%
- 3Y*
- 27.30%
- 5Y*
- 17.83%
- 10Y*
- 13.20%
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%
XCV.TO vs. FCCVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XCV.TO iShares Canadian Value Index ETF | 19.17% | 32.17% | 21.26% | 9.47% | 1.87% | 32.71% | -2.56% | 18.02% | -11.15% | 8.75% |
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 XCV.TO and FCCVX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009 | 0.34 |
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Return for Risk
XCV.TO vs. FCCVX — Risk / Return Rank
XCV.TO
FCCVX
XCV.TO vs. FCCVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Value Index ETF (XCV.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.
| XCV.TO | FCCVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +2.59 | ||
| Omega ratioGain probability vs. loss probability | 2.03 | 1.54 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 11.53 | 6.83 | +4.70 |
| Martin ratioReturn relative to average drawdown | 43.47 | 23.14 | +20.33 |
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
| XCV.TO | FCCVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.97 | 3.13 | +1.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.39 | 0.96 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 1.05 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 1.07 | -0.53 |
Drawdowns
XCV.TO vs. FCCVX - Drawdown Comparison
The maximum XCV.TO drawdown since its inception was -52.49%, which is greater than FCCVX's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for XCV.TO and FCCVX.
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Drawdown Indicators
| XCV.TO | FCCVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.49% | -22.13% | -30.36% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -6.67% | +2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -9.71% | -18.30% | +8.59% |
Max Drawdown (5Y)Largest decline over 5 years | -18.08% | -22.13% | +4.05% |
Max Drawdown (10Y)Largest decline over 10 years | -41.18% | -22.13% | -19.05% |
Current DrawdownCurrent decline from peak | -0.89% | 0.00% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -4.83% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.97% | -0.95% |
Volatility
XCV.TO vs. FCCVX - Volatility Comparison
The current volatility for iShares Canadian Value Index ETF (XCV.TO) is 3.27%, while Fidelity Advisor Convertible Securities Fund Class C (FCCVX) has a volatility of 4.89%. This indicates that XCV.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.
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Volatility by Period
| XCV.TO | FCCVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 4.89% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 11.69% | -4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.96% | 14.58% | -5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.87% | 12.07% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 12.41% | +3.13% |
XCV.TO vs. FCCVX - Expense Ratio Comparison
XCV.TO has a 0.55% expense ratio, which is lower than FCCVX's 1.74% expense ratio.
Dividends
XCV.TO vs. FCCVX - Dividend Comparison
XCV.TO's dividend yield for the trailing twelve months is around 2.29%, 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% |
XCV.TO iShares Canadian Value Index ETF | 2.29% | 2.71% | 3.72% | 3.88% | 3.18% | 2.11% | 3.35% | 3.06% | 3.13% | 2.40% | 2.50% | 3.14% |
Frequently Asked Questions
XCV.TO and FCCVX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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