Fidelity Select Banking Portfolio (FSRBX)

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Fidelity Select Banking Portfolio (FSRBX) is up 9.1% since the beginning of the year. FSRBX is currently trading at $36 per share. Investors who bought $1,000 worth of FSRBX shares 5 years ago would now be looking at an investment worth $1,664.

Fidelity Select Banking Portfolio (FSRBX) has returned 9.07% so far this year and 24.58% over the past 12 months. Over the last ten years, FSRBX has returned 11.81% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jun 30, 1986, FSRBX's average daily return is +0.06%, while the average monthly return is +1.15%. At this rate, an investment would double in approximately 5.1 years.

Historically, 60% of months were positive and 40% were negative. The best month was Dec 1993 with a return of +34.2%, while the worst month was Mar 2020 at -31.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 7 months.

On a daily basis, FSRBX closed higher 51% of trading days. The best single day was Dec 17, 1993 with a return of +29.8%, while the worst single day was Jan 20, 2009 at -17.3%.

Fidelity Select Banking Portfolio has an annualized alpha of 3.94%, beta of 1.09, and R2 of 0.53 versus S&P 500 Index. Calculated based on daily prices since June 30, 1986.

• This fund captured 116.93% of S&P 500 Index gains and 103.37% of its losses - amplifying both gains and losses, but participating more in upside than downside.
• This fund generated an annualized alpha of 3.94% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• With beta of 1.09 and R2 of 0.53, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

FSRBX has an expense ratio of 0.73%, placing it in the medium range.

FSRBX ranks 19 for risk / return — in the bottom 19% 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.

Fidelity Select Banking Portfolio provided a 2.19% dividend yield over the last twelve months, with an annual payout of $0.79 per share.

The table displays the monthly dividend distributions for Fidelity Select Banking 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 Banking 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 Banking Portfolio was 76.89%, occurring on Mar 6, 2009. Recovery took 1571 trading sessions.

The current Fidelity Select Banking Portfolio drawdown is 1.90%.

The chart below shows the rolling one-month volatility.