BAC vs. FSCSX
BAC (Bank of America Corporation) is a stock, while FSCSX (Fidelity Select Software & IT Services Portfolio) is Technology Equities fund actively managed by Fidelity. Over the past 10 years, BAC returned 18.19%/yr vs 16.09%/yr for FSCSX. At a 0.42 correlation, their price movements are largely independent.
Performance
BAC vs. FSCSX - Performance Comparison
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Returns By Period
In the year-to-date period, BAC achieves a 3.72% return, which is significantly higher than FSCSX's -13.54% return. Over the past 10 years, BAC has outperformed FSCSX with an annualized return of 18.19%, while FSCSX has yielded a comparatively lower 16.09% annualized return.
BAC
- 1D
- 2.31%
- 1M
- 13.79%
- YTD
- 3.72%
- 6M
- 3.46%
- 1Y
- 30.78%
- 3Y*
- 27.43%
- 5Y*
- 8.79%
- 10Y*
- 18.19%
FSCSX
- 1D
- -0.35%
- 1M
- 2.79%
- YTD
- -13.54%
- 6M
- -13.86%
- 1Y
- -10.77%
- 3Y*
- 9.63%
- 5Y*
- 5.10%
- 10Y*
- 16.09%
BAC vs. FSCSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 3.72% | 28.04% | 33.85% | 4.83% | -23.82% | 49.61% | -11.63% | 46.19% | -15.00% | 35.69% |
FSCSX Fidelity Select Software & IT Services Portfolio | -13.54% | 6.96% | 19.66% | 51.72% | -29.13% | 18.13% | 45.55% | 38.99% | 4.08% | 38.60% |
Correlation
The correlation between BAC and FSCSX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 29, 1986 | 0.42 |
Over the past year, the correlation between BAC and FSCSX has dropped to 0.17 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
BAC vs. FSCSX — Risk / Return Rank
BAC
FSCSX
BAC vs. FSCSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of America Corporation (BAC) and Fidelity Select Software & IT Services Portfolio (FSCSX). 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.
| BAC | FSCSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.95 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | -0.35 | +1.99 |
| Martin ratioReturn relative to average drawdown | 4.21 | -0.78 | +4.99 |
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Drawdowns
BAC vs. FSCSX - Drawdown Comparison
The maximum BAC drawdown since its inception was -93.10%, which is greater than FSCSX's maximum drawdown of -64.66%. Use the drawdown chart below to compare losses from any high point for BAC and FSCSX.
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Drawdown Indicators
| BAC | FSCSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.10% | -64.66% | -28.44% |
Max Drawdown (1Y)Largest decline over 1 year | -17.93% | -34.24% | +16.31% |
Max Drawdown (3Y)Largest decline over 3 years | -27.51% | -34.24% | +6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -46.64% | -37.06% | -9.58% |
Max Drawdown (10Y)Largest decline over 10 years | -48.95% | -37.06% | -11.89% |
Current DrawdownCurrent decline from peak | -0.36% | -18.48% | +18.12% |
Average DrawdownAverage peak-to-trough decline | -28.30% | -13.22% | -15.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.96% | 15.37% | -8.41% |
Volatility
BAC vs. FSCSX - Volatility Comparison
The current volatility for Bank of America Corporation (BAC) is 5.49%, while Fidelity Select Software & IT Services Portfolio (FSCSX) has a volatility of 12.57%. This indicates that BAC experiences smaller price fluctuations and is considered to be less risky than FSCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAC | FSCSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 12.57% | -7.08% |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | 25.44% | -8.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.62% | 28.43% | -6.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.89% | 26.51% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.68% | 24.63% | +6.05% |
Dividends
BAC vs. FSCSX - Dividend Comparison
BAC's dividend yield for the trailing twelve months is around 2.72%, less than FSCSX's 23.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 2.72% | 1.96% | 2.28% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% |
FSCSX Fidelity Select Software & IT Services Portfolio | 23.23% | 15.40% | 19.17% | 7.72% | 9.06% | 6.54% | 5.10% | 12.70% | 6.20% | 7.15% | 3.98% | 5.22% |
Frequently Asked Questions
BAC and FSCSX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCSX has higher volatility (12.57%) compared to BAC (5.49%). In terms of maximum drawdown, BAC dropped -93.10% vs FSCSX's -64.66%.
BAC currently has the higher Sharpe Ratio (1.36 vs -0.42), 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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