FCVT vs PCF

Comparison between FIRST TRUST SSI STRATEGIC CONVERTIBLE SECURITIES ETF (FCVT, ETF) and High Income Securities Fund (PCF, ETF).

5-Year PerformanceFCVT has outperformed PCF, delivering a return of +6.8% compared to -0.1%

FCVT vs PCF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FCVT(ETF)	PCF(ETF)
Net Assets	$122M	$122M
Expense Ratio	0.95%	N/A
Max Drawdown	47.09%	58.20%
Sharpe Ratio	1.87	-0.39
5Y Beta	0.67	0.36
5Y Dividends CAGR	-3.59%	-4.53%

Net Assets

FCVT

$122M

Winner

PCF

$122M

Expense Ratio

FCVT

0.95%

PCF

N/A

Max Drawdown

Winner

FCVT

47.09%

PCF

58.20%

Sharpe Ratio

Winner

FCVT

1.87

PCF

-0.39

5Y Beta

FCVT

0.67

Winner

PCF

0.36

5Y Dividends CAGR

Winner

FCVT

-3.59%

PCF

-4.53%

FCVT vs PCF - Historical Returns

Returns include dividend reinvestment.

Period	FCVT	PCF
1 month	+2.57%	+0.15%
3 months	+19.36%	+2.61%
6 months	+21.98%	-3.04%
1 year	+42.55%	-1.48%
5 years(CAGR)	+6.78%	-0.07%
10 years(CAGR)	+12.13%	+5.87%
Max(CAGR)	+11.38%	+6.47%

Winner

FCVT

+2.57%

PCF

+0.15%

Winner

FCVT

+19.36%

PCF

+2.61%

Winner

FCVT

+21.98%

PCF

-3.04%

Winner

FCVT

+42.55%

PCF

-1.48%

5Y(CAGR)

Winner

FCVT

+6.78%

PCF

-0.07%

10Y(CAGR)

Winner

FCVT

+12.13%

PCF

+5.87%

Max(CAGR)

Winner

FCVT

+11.38%

PCF

+6.47%

FCVT vs PCF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FCVT	PCF
2026	+21.19%	-4.30%
2025	+20.22%	+5.47%
2024	+13.11%	+14.73%
2023	+7.56%	+7.19%
2022	-20.95%	-16.14%
2021	+4.81%	+10.74%
2020	+49.75%	+8.04%
2019	+22.39%	+3.71%
2018	-2.62%	+5.12%
2017	+13.40%	+15.14%
2016	+8.21%	+18.79%
2015	-1.96%	-5.23%
2014	N/A	+3.24%
2013	N/A	+8.20%
2012	N/A	+7.84%
2011	N/A	-2.75%
2010	N/A	+23.40%
2009	N/A	+43.49%
2008	N/A	-31.71%
2007	N/A	+1.07%
2006	N/A	+21.98%
2005	N/A	+1.05%
2004	N/A	+9.85%
2003	N/A	+32.05%
2002	N/A	-0.68%
2001	N/A	+9.90%
2000	N/A	+8.79%
1999	N/A	-14.97%

FCVT vs PCF Drawdown Comparison

The maximum drawdown for FCVT was -31.85%, occurring on Oct 27, 2023. Recovery took 1149 trading sessions.

The maximum drawdown for PCF was -53.81%, occurring on Oct 10, 2008. Recovery took 662 trading sessions.

The current FCVT drawdown is -3.00%. The current PCF drawdown is -6.53%.

Rank	FCVT	PCF
#1	-31.85% Feb 12, 2021 - Sep 11, 2025	-53.81% May 9, 2007 - Dec 22, 2009
#2	-29.90% Feb 19, 2020 - Jun 8, 2020	-45.08% Feb 20, 2020 - Dec 8, 2020
#3	-20.07% Apr 20, 2016 - Oct 5, 2017	-29.02% Sep 17, 2021 - Feb 14, 2025
#4	-14.24% Sep 4, 2018 - Mar 21, 2019	-24.77% May 26, 2011 - Oct 25, 2013
#5	-12.97% Nov 17, 2015 - Apr 20, 2016	-22.43% Feb 28, 2001 - Mar 10, 2003
#6	-8.47% Jan 28, 2026 - Apr 9, 2026	-20.31% Nov 5, 1999 - Jan 25, 2001
#7	-8.16% Sep 1, 2020 - Oct 12, 2020	-19.27% Jul 1, 2014 - Jul 19, 2016
#8	-7.44% Nov 3, 2025 - Jan 6, 2026	-16.70% Apr 23, 2010 - Sep 13, 2010
#9	-6.84% Jan 23, 2018 - Mar 9, 2018	-13.32% Feb 25, 2025 - Sep 16, 2025
#10	-6.79% Jun 2, 2026 - Jun 10, 2026	-13.29% Feb 19, 2004 - Sep 14, 2004
#11	-5.09% Oct 13, 2020 - Nov 5, 2020	-10.73% Sep 16, 2025 - Mar 20, 2026
#12	-4.97% Mar 12, 2018 - May 30, 2018	-10.36% Feb 14, 2019 - Dec 18, 2019
#13	-4.70% Jun 8, 2020 - Jun 22, 2020	-9.55% Jul 11, 2003 - Dec 16, 2003
#14	-4.69% Jan 20, 2021 - Feb 4, 2021	-8.63% Jul 12, 2005 - Jan 6, 2006
#15	-4.57% Jul 26, 2019 - Nov 19, 2019	-8.49% Dec 21, 2004 - Jun 15, 2005

Correlation

Correlation between FCVT and PCF is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2000 - 2026)

FCVT vs PCF dividend yield comparison.

Year	FCVT	PCF
2026	0.43%	5.20%
2025	1.98%	11.57%
2024	1.30%	11.43%
2023	1.76%	11.29%
2022	3.71%	13.48%
2021	23.07%	10.82%
2020	1.72%	11.46%
2019	1.60%	3.29%
2018	1.85%	6.88%
2017	2.18%	3.97%
2016	1.88%	4.52%
2015	0.59%	5.07%
2014	0.00%	4.84%
2013	0.00%	5.67%
2012	0.00%	6.56%
2011	0.00%	6.86%
2010	0.00%	6.29%
2009	0.00%	7.45%
2008	0.00%	11.08%
2007	0.00%	6.85%
2006	0.00%	6.27%
2005	0.00%	7.25%
2004	0.00%	6.94%
2003	0.00%	7.06%
2002	0.00%	9.15%
2001	0.00%	9.81%
2000	0.00%	4.98%