Fidelity Select Medical Technology and Devices Portfolio (FSMEX)
Fund Info
| ISIN | US3163904754 |
|---|---|
| CUSIP | 316390475 |
| Issuer | Fidelity |
| Inception Date | Apr 28, 1998 |
| Category | Health & Biotech Equities |
| Home Page | fundresearch.fidelity.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
FSMEX has a high expense ratio of 0.68%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Select Medical Technology and Devices Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Select Medical Technology and Devices Portfolio had a return of 6.82% year-to-date (YTD) and 3.34% in the last 12 months. Over the past 10 years, Fidelity Select Medical Technology and Devices Portfolio had an annualized return of 13.61%, outperforming the S&P 500 benchmark which had an annualized return of 10.90%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.82% | 11.05% |
| 1 month | 2.69% | 4.86% |
| 6 months | 20.06% | 17.50% |
| 1 year | 3.34% | 27.37% |
| 5 years (annualized) | 9.25% | 13.14% |
| 10 years (annualized) | 13.61% | 10.90% |
Monthly Returns
The table below presents the monthly returns of FSMEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.36% | 3.94% | 2.50% | -4.82% | 6.82% | ||||||||
| 2023 | 3.26% | -3.07% | 4.92% | 1.22% | -4.84% | 5.02% | -0.50% | -4.33% | -8.05% | -9.92% | 10.24% | 8.97% | 0.62% |
| 2022 | -14.16% | -0.80% | 2.44% | -13.32% | -2.18% | -5.25% | 10.28% | -6.30% | -5.26% | 3.47% | 7.24% | -1.27% | -24.83% |
| 2021 | 4.67% | -1.63% | -0.00% | 7.98% | -3.51% | 6.27% | 6.13% | 4.23% | -4.13% | 5.09% | -5.51% | 3.75% | 24.56% |
| 2020 | 0.27% | -7.39% | -7.43% | 14.54% | 4.74% | 2.13% | 10.99% | 0.36% | 0.76% | 1.01% | 5.17% | 3.68% | 30.18% |
| 2019 | 8.65% | 3.02% | 1.59% | -2.92% | -1.19% | 9.54% | 0.21% | -1.18% | -1.45% | 2.10% | 6.25% | 2.43% | 29.58% |
| 2018 | 9.30% | -3.88% | 0.35% | 3.49% | 4.79% | 3.01% | 3.13% | 7.45% | 3.17% | -10.41% | 5.08% | -8.51% | 15.98% |
| 2017 | 7.03% | 5.25% | 1.81% | 3.24% | 1.27% | 5.30% | -1.53% | 1.54% | -0.84% | 1.64% | 2.94% | -3.28% | 26.66% |
| 2016 | -6.80% | 0.96% | 4.09% | 6.74% | 1.56% | 5.90% | 6.45% | 0.73% | 0.63% | -7.60% | -4.61% | 1.65% | 8.69% |
| 2015 | 1.31% | 6.53% | 2.63% | -2.08% | 2.98% | -1.42% | 2.41% | -5.86% | -6.90% | 5.72% | 2.65% | 0.96% | 8.28% |
| 2014 | 3.08% | 3.23% | 0.82% | -3.96% | 3.57% | 6.00% | -1.23% | 1.67% | -2.22% | 8.47% | 3.84% | 2.71% | 28.49% |
| 2013 | 9.86% | -0.13% | 3.76% | -0.70% | 4.21% | -0.06% | 6.76% | -2.80% | 3.90% | 5.70% | 3.49% | 2.58% | 42.43% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FSMEX is 5, indicating that it is in the bottom 5% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
FSMEX (Fidelity Select Medical Technology and Devices Portfolio)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Select Medical Technology and Devices Portfolio granted a 2.03% dividend yield in the last twelve months. The annual payout for that period amounted to $1.32 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.32 | $0.00 | $1.11 | $6.76 | $4.84 | $1.06 | $3.53 | $2.75 | $2.15 | $5.87 | $6.03 | $3.52 |
Dividend yield | 2.03% | 0.00% | 1.80% | 8.12% | 6.65% | 1.77% | 7.47% | 6.26% | 5.84% | 16.35% | 15.54% | 9.84% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Select Medical Technology and Devices 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $1.32 | $0.00 | $1.32 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $1.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.11 |
| 2021 | $0.00 | $0.00 | $0.00 | $3.63 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.12 | $6.76 |
| 2020 | $0.00 | $0.00 | $0.00 | $1.30 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.54 | $4.84 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.06 | $1.06 |
| 2018 | $0.00 | $0.00 | $0.00 | $1.92 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.61 | $3.53 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.55 | $2.75 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.86 | $2.15 |
| 2015 | $0.00 | $0.00 | $0.00 | $4.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.67 | $5.87 |
| 2014 | $0.00 | $0.00 | $0.00 | $1.96 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.07 | $6.03 |
| 2013 | $0.42 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.10 | $3.52 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Select Medical Technology and Devices 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 Medical Technology and Devices Portfolio was 40.34%, occurring on Oct 30, 2023. The portfolio has not yet recovered.
The current Fidelity Select Medical Technology and Devices Portfolio drawdown is 21.84%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.34% | Sep 8, 2021 | 540 | Oct 30, 2023 | — | — | — |
| -40.16% | Aug 25, 2008 | 63 | Nov 20, 2008 | 333 | Mar 22, 2010 | 396 |
| -33.04% | Feb 20, 2020 | 23 | Mar 23, 2020 | 71 | Jul 2, 2020 | 94 |
| -26.38% | Dec 29, 2000 | 388 | Jul 23, 2002 | 192 | Apr 28, 2003 | 580 |
| -23.19% | May 20, 2011 | 132 | Nov 25, 2011 | 214 | Oct 3, 2012 | 346 |
Volatility
Volatility Chart
The current Fidelity Select Medical Technology and Devices Portfolio volatility is 5.20%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.