Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX)

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The chart shows the growth of an initial investment of $10,000 in Fidelity Select Brokerage & Invmt Mgmt Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) has returned -18.16% so far this year and -6.85% over the past 12 months. Looking at the last ten years, FSLBX has achieved an annualized return of 13.24%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.

Based on dividend-adjusted daily data since Jul 29, 1985, FSLBX's average daily return is +0.05%, while the average monthly return is +1.11%. At this rate, your investment would double in approximately 5.2 years.

Historically, 59% of months were positive and 41% were negative. The best month was Dec 1991 with a return of +19.4%, while the worst month was Oct 1987 at -36.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FSLBX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +14.3%, while the worst single day was Oct 19, 1987 at -19.0%.

Fidelity Select Brokerage & Invmt Mgmt Portfolio has an annualized alpha of 1.62%, beta of 1.16, and R² of 0.73 versus S&P 500 Index. Calculated based on daily prices since July 30, 1985.

• This fund captured 138.77% of S&P 500 Index gains and 125.54% of its losses — amplifying both gains and losses, but participating more in upside than downside.

FSLBX has an expense ratio of 0.75%, placing it in the medium range.

FSLBX ranks 3 for risk / return — in the bottom 3% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity Select Brokerage & Invmt Mgmt Portfolio provided a 0.82% dividend yield over the last twelve months, with an annual payout of $1.28 per share.

The table displays the monthly dividend distributions for Fidelity Select Brokerage & Invmt Mgmt Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity Select Brokerage & Invmt Mgmt Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Select Brokerage & Invmt Mgmt Portfolio was 68.20%, occurring on Nov 20, 2008. Recovery took 1180 trading sessions.

The current Fidelity Select Brokerage & Invmt Mgmt Portfolio drawdown is 23.61%.

The chart below shows the rolling one-month volatility.