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Fidelity Select Software & IT Services Portfolio (FSCSX) Sharpe Ratio: -0.51

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The Fidelity Select Software & IT Services Portfolio (FSCSX) is an actively managed sector mutual fund that invests primarily in companies engaged in the design, development, and marketing of software and information technology services. Holdings concentrate in enterprise software, cloud computing, and IT services leaders. Launched in July 1985, it is one of Fidelity's long-running sector portfolios.

FSCSX's Sharpe Ratio of -0.51 indicates that for each unit of volatility, it generates -0.51 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 24, 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. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

FSCSX Sharpe Ratio Rank

FSCSX Sharpe Ratio Rank: 1.11
Concerning

FSCSX ranks above 1.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. 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

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

FSCSX Sharpe Ratio Market Positioning

The chart shows FSCSX'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%): 1.30 or lower
  • Yellow zone (middle 50%): 1.30 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.27+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Fidelity Select Software & IT Services Portfolio's Sharpe Ratio with other mutual funds in the Technology Equities category across multiple time periods, showing how FSCSX'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 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
FDCPXFidelity Select Tech Hardware Portfolio5.88
RYSIXRydex Electronics Fund4.79
FIKGXFidelity Advisor Semiconductors Fund Class Z4.61
FELIXFidelity Advisor Semiconductors Fund Class I4.60
FELAXFidelity Advisor Semiconductors Fund Class A4.58
FELTXFidelity Advisor Semiconductors Fund Class M4.56
FELCXFidelity Advisor Semiconductors Fund Class C4.52
FSELXFidelity Select Semiconductors Portfolio4.48
CCOYXColumbia Seligman Technology and Information Fund Institutional 3 Class4.40
SCMIXColumbia Seligman Technology and Information Fund Institutional 2 Class4.40
FSCSXFidelity Select Software & IT Services Portfolio-0.51

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows FSCSX'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 FSCSX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does FSCSX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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