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Fidelity Select Tech Hardware Portfolio (FDCPX) Sharpe Ratio: 4.46

Mutual Fund · Currency in USD · Last updated Jun 12, 2026

The fund normally invests in common stocks. It invests at least 80% of assets in securities of companies principally engaged in development, manufacture, or distribution of tech hardware. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.

FDCPX's Sharpe Ratio of 4.46 indicates that for each unit of volatility, it generates 4.46 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 12, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

FDCPX Sharpe Ratio Rank

FDCPX Sharpe Ratio Rank: 99.299
Exceptional

FDCPX ranks above 99.2% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

FDCPX Sharpe Ratio Market Positioning

The chart shows FDCPX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.13 or lower
  • Yellow zone (middle 50%): 1.13 to 2.04
  • Green zone (top 25%): 2.04 or higher
  • Top 1%: 4.04+
  • Median: 1.63 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Fidelity Select Tech Hardware Portfolio's Sharpe Ratio with other mutual funds in the Technology Equities category across multiple time periods, showing how FDCPX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 12, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
FDCPXFidelity Select Tech Hardware Portfolio4.46
ARKVXARK Venture Fund4.00
FIKGXFidelity Advisor Semiconductors Fund Class Z3.78
FELIXFidelity Advisor Semiconductors Fund Class I3.77
FELAXFidelity Advisor Semiconductors Fund Class A3.75
FELTXFidelity Advisor Semiconductors Fund Class M3.74
FELCXFidelity Advisor Semiconductors Fund Class C3.70
RYSIXRydex Electronics Fund3.70
FSELXFidelity Select Semiconductors Portfolio3.66
CCOYXColumbia Seligman Technology and Information Fund Institutional 3 Class3.63

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows FDCPX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FDCPX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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