PCF vs FCVT

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

5-Year PerformanceFCVT has outperformed PCF, delivering a return of +7.5% compared to -0.0%

PCF vs FCVT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PCF(ETF)	FCVT(ETF)
Net Assets	$122M	$122M
Expense Ratio	N/A	0.95%
Max Drawdown	58.20%	47.09%
Sharpe Ratio	-0.41	1.98
5Y Beta	0.36	0.67
5Y Dividends CAGR	-4.53%	-3.59%

Net Assets

Winner

PCF

$122M

FCVT

$122M

Expense Ratio

PCF

N/A

FCVT

0.95%

Max Drawdown

PCF

58.20%

Winner

FCVT

47.09%

Sharpe Ratio

PCF

-0.41

Winner

FCVT

1.98

5Y Beta

Winner

PCF

0.36

FCVT

0.67

5Y Dividends CAGR

PCF

-4.53%

Winner

FCVT

-3.59%

PCF vs FCVT - Historical Returns

Returns include dividend reinvestment.

Period	PCF	FCVT
1 month	+0.33%	+5.23%
3 months	+4.65%	+20.47%
6 months	-2.35%	+26.69%
1 year	-1.08%	+45.81%
5 years(CAGR)	-0.01%	+7.51%
10 years(CAGR)	+5.95%	+12.46%
Max(CAGR)	+6.50%	+11.61%

PCF

+0.33%

Winner

FCVT

+5.23%

PCF

+4.65%

Winner

FCVT

+20.47%

PCF

-2.35%

Winner

FCVT

+26.69%

PCF

-1.08%

Winner

FCVT

+45.81%

5Y(CAGR)

PCF

-0.01%

Winner

FCVT

+7.51%

10Y(CAGR)

PCF

+5.95%

Winner

FCVT

+12.46%

Max(CAGR)

PCF

+6.50%

Winner

FCVT

+11.61%

PCF vs FCVT - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PCF	FCVT
2026	-3.61%	+24.01%
2025	+5.47%	+20.22%
2024	+14.73%	+13.11%
2023	+7.19%	+7.56%
2022	-16.14%	-20.95%
2021	+10.74%	+4.81%
2020	+8.04%	+49.75%
2019	+3.71%	+22.39%
2018	+5.12%	-2.62%
2017	+15.14%	+13.40%
2016	+18.79%	+8.21%
2015	-5.23%	-1.96%
2014	+3.24%	N/A
2013	+8.20%	N/A
2012	+7.84%	N/A
2011	-2.75%	N/A
2010	+23.40%	N/A
2009	+43.49%	N/A
2008	-31.71%	N/A
2007	+1.07%	N/A
2006	+21.98%	N/A
2005	+1.05%	N/A
2004	+9.85%	N/A
2003	+32.05%	N/A
2002	-0.68%	N/A
2001	+9.90%	N/A
2000	+8.79%	N/A
1999	-14.97%	N/A

PCF vs FCVT Drawdown Comparison

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

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

The current PCF drawdown is -5.86%. The current FCVT drawdown is -0.75%.

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

Correlation

Correlation between PCF and FCVT is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.

0.90

-101

Dividend Comparison (2000 - 2026)

PCF vs FCVT dividend yield comparison.

Year	PCF	FCVT
2026	5.16%	0.42%
2025	11.57%	1.98%
2024	11.43%	1.30%
2023	11.29%	1.76%
2022	13.48%	3.71%
2021	10.82%	23.07%
2020	11.46%	1.72%
2019	3.29%	1.60%
2018	6.88%	1.85%
2017	3.97%	2.18%
2016	4.52%	1.88%
2015	5.07%	0.59%
2014	4.84%	0.00%
2013	5.67%	0.00%
2012	6.56%	0.00%
2011	6.86%	0.00%
2010	6.29%	0.00%
2009	7.45%	0.00%
2008	11.08%	0.00%
2007	6.85%	0.00%
2006	6.27%	0.00%
2005	7.25%	0.00%
2004	6.94%	0.00%
2003	7.06%	0.00%
2002	9.15%	0.00%
2001	9.81%	0.00%
2000	4.98%	0.00%