AAIZX vs. FBSOX
AAIZX (Alger AI Enablers & Adopters Z) and FBSOX (Fidelity Select IT Services Portfolio) are both Technology Equities funds. Over the past year, AAIZX returned 51.07% vs -19.71% for FBSOX. At a 0.46 correlation, their price movements are largely independent. AAIZX charges 0.55%/yr vs 0.70%/yr for FBSOX.
Performance
AAIZX vs. FBSOX - Performance Comparison
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Returns By Period
In the year-to-date period, AAIZX achieves a 22.36% return, which is significantly higher than FBSOX's -10.24% return.
AAIZX
- 1D
- -0.47%
- 1M
- 0.62%
- YTD
- 22.36%
- 6M
- 19.86%
- 1Y
- 51.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBSOX
- 1D
- 0.75%
- 1M
- 1.22%
- YTD
- -10.24%
- 6M
- -17.55%
- 1Y
- -19.71%
- 3Y*
- 2.47%
- 5Y*
- -5.28%
- 10Y*
- 9.06%
AAIZX vs. FBSOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAIZX Alger AI Enablers & Adopters Z | 22.36% | 41.00% | 33.76% |
FBSOX Fidelity Select IT Services Portfolio | -10.24% | -9.19% | 11.24% |
Correlation
The correlation between AAIZX and FBSOX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2024 | 0.46 |
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Return for Risk
AAIZX vs. FBSOX — Risk / Return Rank
AAIZX
FBSOX
AAIZX vs. FBSOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters Z (AAIZX) and Fidelity Select IT Services Portfolio (FBSOX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AAIZX | FBSOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.10 | ||
| Sortino ratioReturn per unit of downside risk | +3.90 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.85 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | -0.66 | +3.61 |
| Martin ratioReturn relative to average drawdown | 8.78 | -1.21 | +9.99 |
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Drawdowns
AAIZX vs. FBSOX - Drawdown Comparison
The maximum AAIZX drawdown since its inception was -29.00%, smaller than the maximum FBSOX drawdown of -50.01%. Use the drawdown chart below to compare losses from any high point for AAIZX and FBSOX.
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Drawdown Indicators
| AAIZX | FBSOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.00% | -50.01% | +21.01% |
Max Drawdown (1Y)Largest decline over 1 year | -17.47% | -32.09% | +14.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.31% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.28% | — |
Current DrawdownCurrent decline from peak | -4.86% | -26.93% | +22.07% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -10.22% | +5.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.85% | 17.46% | -11.61% |
Volatility
AAIZX vs. FBSOX - Volatility Comparison
Alger AI Enablers & Adopters Z (AAIZX) has a higher volatility of 10.52% compared to Fidelity Select IT Services Portfolio (FBSOX) at 8.58%. This indicates that AAIZX's price experiences larger fluctuations and is considered to be riskier than FBSOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAIZX | FBSOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.52% | 8.58% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 18.71% | 19.24% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.16% | 22.28% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.86% | 22.69% | +5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.86% | 22.86% | +5.00% |
AAIZX vs. FBSOX - Expense Ratio Comparison
AAIZX has a 0.55% expense ratio, which is lower than FBSOX's 0.70% expense ratio.
Dividends
AAIZX vs. FBSOX - Dividend Comparison
AAIZX's dividend yield for the trailing twelve months is around 5.16%, less than FBSOX's 10.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAIZX Alger AI Enablers & Adopters Z | 5.16% | 6.31% | 4.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBSOX Fidelity Select IT Services Portfolio | 10.12% | 14.07% | 18.34% | 3.81% | 14.40% | 15.64% | 5.27% | 2.30% | 4.97% | 3.10% | 0.32% | 3.87% |
Frequently Asked Questions
AAIZX and FBSOX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAIZX has higher volatility (10.52%) compared to FBSOX (8.58%). In terms of maximum drawdown, AAIZX dropped -29.00% vs FBSOX's -50.01%.
AAIZX currently has the higher Sharpe Ratio (2.14 vs -0.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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