- ISIN
- US3163908557
- CUSIP
- 316390855
- Issuer
- Fidelity
- Inception Date
- Jul 29, 1985
- Category
- Financials Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
FSLBX Performance Chart
Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) is down 9.9% since the beginning of the year. FSLBX is currently trading at $169 per share. Investors who bought $1,000 worth of FSLBX shares 5 years ago would now be looking at an investment worth $1,546.
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Returns By Period
Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) has returned -9.92% so far this year and -5.19% over the past 12 months. Looking at the last ten years, FSLBX has achieved an annualized return of 15.00%, outperforming the S&P 500 Index benchmark, which averaged 13.75% per year.
Fidelity Select Brokerage & Invmt Mgmt Portfolio
- 1D
- 1.12%
- 1M
- 1.21%
- YTD
- -9.92%
- 6M
- -10.40%
- 1Y
- -5.19%
- 3Y*
- 16.43%
- 5Y*
- 9.11%
- 10Y*
- 15.00%
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
FSLBX Monthly Returns History
Based on dividend-adjusted daily data since Jul 29, 1985, FSLBX's average daily return is +0.05%, while the average monthly return is +1.12%. At this rate, an 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.24% | -12.21% | -3.78% | 7.15% | -0.81% | 1.60% | -9.92% | ||||||
| 2025 | 7.73% | -6.06% | -8.16% | -0.77% | 7.77% | 7.10% | 5.28% | -2.15% | -1.15% | -4.71% | -0.00% | 2.40% | 5.78% |
| 2024 | -1.49% | 6.97% | 3.74% | -5.54% | 4.67% | 0.27% | 7.30% | 1.11% | 3.53% | 5.42% | 12.41% | -5.90% | 35.74% |
| 2023 | 10.41% | -2.43% | -6.07% | -0.42% | -2.87% | 7.17% | 6.45% | -1.29% | -3.09% | -5.04% | 14.81% | 9.72% | 27.77% |
| 2022 | -4.24% | -4.38% | 0.83% | -13.02% | 2.90% | -10.42% | 11.78% | -2.03% | -9.51% | 11.53% | 7.49% | -6.23% | -17.54% |
| 2021 | -2.13% | 8.10% | 4.88% | 7.51% | 2.98% | 1.93% | 2.24% | 5.22% | -4.12% | 11.86% | -4.71% | 2.15% | 40.61% |
Benchmark Metrics
Fidelity Select Brokerage & Invmt Mgmt Portfolio has an annualized alpha of 1.41%, beta of 1.16, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since July 29, 1985.
- This fund captured 137.41% of S&P 500 Index gains and 125.69% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Alpha
- 1.41%
- Beta
- 1.16
- R²
- 0.72
- Upside Capture
- 137.41%
- Downside Capture
- 125.69%
Expense Ratio
FSLBX has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FSLBX ranks 2 for risk / return — in the bottom 2% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSLBX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.36 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 2.71 | -2.85 |
| Martin ratioReturn relative to average drawdown | -0.30 | 12.15 | -12.45 |
Dividends
Dividend History
Fidelity Select Brokerage & Invmt Mgmt Portfolio provided a 2.17% dividend yield over the last twelve months, with an annual payout of $3.68 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.68 | $1.28 | $1.26 | $1.65 | $2.23 | $1.83 | $2.94 | $3.43 | $5.74 | $4.46 | $0.85 | $4.08 |
Dividend yield | 2.17% | 0.67% | 0.69% | 1.22% | 2.09% | 1.39% | 3.08% | 4.25% | 8.94% | 5.46% | 1.25% | 6.37% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $2.45 | $0.00 | $0.00 | $2.45 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.23 | $1.28 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.21 | $1.26 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.65 | $1.65 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.67 | $2.23 |
| 2021 | $0.00 | $0.00 | $0.00 | $1.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $1.83 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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 15.92%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -68.20%Nov 2008 | 1y 5mo | 4y 8mo | 6y 2moJun 2007 - Aug 2013 |
Black Monday1987 | -53.95%Dec 1987 | 8mo 16d | 4y 27d | 4y 9moMar 1987 - Dec 1991 |
Dot-com crash2000–2002 | -47.59%Oct 2002 | 2y 27d | 1y 4mo | 3y 5moSep 2000 - Feb 2004 |
1998 bear market1998 | -46.68%Oct 1998 | 2mo 19d | 6mo 4d | 8mo 23dJul 1998 - Apr 1999 |
COVID crash2020 | -40.56%Mar 2020 | 1mo 2d | 7mo 17d | 8mo 19dFeb 2020 - Nov 2020 |
Drawdown Indicators
| FSLBX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.20% | -56.78% | -11.42% |
Max Drawdown (1Y)Largest decline over 1 year | -24.67% | -9.10% | -15.57% |
Max Drawdown (3Y)Largest decline over 3 years | -26.06% | -18.90% | -7.16% |
Max Drawdown (5Y)Largest decline over 5 years | -30.87% | -25.43% | -5.44% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -33.92% | -6.64% |
Current DrawdownCurrent decline from peak | -15.92% | -1.29% | -14.63% |
Average DrawdownAverage peak-to-trough decline | -14.87% | -10.72% | -4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.11% | 2.02% | +10.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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