Correlation
The correlation between BGSIX and FSPTX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
BGSIX vs. FSPTX
Compare and contrast key facts about BlackRock Technology Opportunities Institutional (BGSIX) and Fidelity Select Technology Portfolio (FSPTX).
BGSIX is managed by Blackrock. It was launched on May 15, 2000. FSPTX is managed by Fidelity. It was launched on Jul 13, 1981.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGSIX or FSPTX.
Performance
BGSIX vs. FSPTX - Performance Comparison
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Key characteristics
BGSIX:
0.56
FSPTX:
0.44
BGSIX:
0.96
FSPTX:
0.86
BGSIX:
1.13
FSPTX:
1.12
BGSIX:
0.64
FSPTX:
0.51
BGSIX:
1.93
FSPTX:
1.58
BGSIX:
9.22%
FSPTX:
9.52%
BGSIX:
31.39%
FSPTX:
33.12%
BGSIX:
-73.48%
FSPTX:
-84.32%
BGSIX:
-4.23%
FSPTX:
-5.40%
Returns By Period
In the year-to-date period, BGSIX achieves a 2.26% return, which is significantly higher than FSPTX's -1.02% return. Both investments have delivered pretty close results over the past 10 years, with BGSIX having a 19.03% annualized return and FSPTX not far ahead at 19.68%.
BGSIX
2.26%
9.47%
0.49%
17.37%
19.57%
14.42%
19.03%
FSPTX
-1.02%
10.39%
-2.72%
14.50%
22.75%
19.22%
19.68%
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BGSIX vs. FSPTX - Expense Ratio Comparison
BGSIX has a 0.93% expense ratio, which is higher than FSPTX's 0.67% expense ratio.
Risk-Adjusted Performance
BGSIX vs. FSPTX — Risk-Adjusted Performance Rank
BGSIX
FSPTX
BGSIX vs. FSPTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Technology Opportunities Institutional (BGSIX) and Fidelity Select Technology Portfolio (FSPTX). 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.
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Dividends
BGSIX vs. FSPTX - Dividend Comparison
BGSIX's dividend yield for the trailing twelve months is around 3.83%, less than FSPTX's 7.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGSIX BlackRock Technology Opportunities Institutional | 3.83% | 3.91% | 0.00% | 0.00% | 7.12% | 4.47% | 1.39% | 1.15% | 7.72% | 1.10% | 0.00% | 0.00% |
FSPTX Fidelity Select Technology Portfolio | 7.19% | 4.71% | 0.01% | 3.95% | 11.62% | 18.86% | 1.61% | 23.63% | 8.31% | 1.49% | 4.19% | 17.71% |
Drawdowns
BGSIX vs. FSPTX - Drawdown Comparison
The maximum BGSIX drawdown since its inception was -73.48%, smaller than the maximum FSPTX drawdown of -84.32%. Use the drawdown chart below to compare losses from any high point for BGSIX and FSPTX.
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Volatility
BGSIX vs. FSPTX - Volatility Comparison
The current volatility for BlackRock Technology Opportunities Institutional (BGSIX) is 5.39%, while Fidelity Select Technology Portfolio (FSPTX) has a volatility of 7.42%. This indicates that BGSIX experiences smaller price fluctuations and is considered to be less risky than FSPTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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