FBIOX vs. FSCSX
FBIOX (Fidelity Select Biotechnology Portfolio) and FSCSX (Fidelity Select Software & IT Services Portfolio) are both mutual funds - FBIOX is a Health & Biotech Equities fund actively managed by Fidelity, while FSCSX is a Technology Equities fund actively managed by Fidelity. Both are actively managed. Over the past 10 years, FBIOX returned 10.77%/yr vs 16.04%/yr for FSCSX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. FBIOX charges 0.62%/yr vs 0.67%/yr for FSCSX.
Performance
FBIOX vs. FSCSX - Performance Comparison
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Returns By Period
In the year-to-date period, FBIOX achieves a 19.61% return, which is significantly higher than FSCSX's -7.94% return. Over the past 10 years, FBIOX has underperformed FSCSX with an annualized return of 10.77%, while FSCSX has yielded a comparatively higher 16.04% annualized return.
FBIOX
- 1D
- 0.87%
- 1M
- -2.34%
- 6M
- 17.88%
- YTD
- 19.61%
- 1Y
- 56.46%
- 3Y*
- 22.74%
- 5Y*
- 8.42%
- 10Y*
- 10.77%
- ALL TIME*
- 12.90%
FSCSX
- 1D
- 4.54%
- 1M
- 3.36%
- 6M
- 7.49%
- YTD
- -7.94%
- 1Y
- -7.49%
- 3Y*
- 9.84%
- 5Y*
- 5.19%
- 10Y*
- 16.04%
- ALL TIME*
- 15.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FBIOX vs. FSCSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBIOX Fidelity Select Biotechnology Portfolio | 19.61% | 36.38% | 7.26% | 10.09% | -15.87% | -12.26% | 38.62% | 36.12% | -10.92% | 27.87% |
FSCSX Fidelity Select Software & IT Services Portfolio | -7.94% | 6.96% | 19.66% | 51.72% | -29.13% | 18.13% | 45.55% | 38.99% | 4.08% | 38.60% |
Correlation
The correlation between FBIOX and FSCSX is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 1985 | 0.60 |
Over the past year, the correlation between FBIOX and FSCSX has dropped to 0.09 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
FBIOX vs. FSCSX — Risk / Return Rank
FBIOX
FSCSX
FBIOX vs. FSCSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Biotechnology Portfolio (FBIOX) 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.
| FBIOX | FSCSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.08 | ||
| Sortino ratioReturn per unit of downside risk | +3.90 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.96 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 7.69 | -0.31 | +8.00 |
| Martin ratioReturn relative to average drawdown | 21.50 | -0.63 | +22.13 |
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Drawdowns
FBIOX vs. FSCSX - Drawdown Comparison
The maximum FBIOX drawdown since its inception was -71.98%, which is greater than FSCSX's maximum drawdown of -64.66%. Use the drawdown chart below to compare losses from any high point for FBIOX and FSCSX.
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Drawdown Indicators
| FBIOX | FSCSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.98% | -64.66% | -7.32% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -34.24% | +26.62% |
Max Drawdown (3Y)Largest decline over 3 years | -27.83% | -34.24% | +6.41% |
Max Drawdown (5Y)Largest decline over 5 years | -44.87% | -37.06% | -7.81% |
Max Drawdown (10Y)Largest decline over 10 years | -48.66% | -37.06% | -11.60% |
Current DrawdownCurrent decline from peak | -3.58% | -13.20% | +9.62% |
Average DrawdownAverage peak-to-trough decline | -23.55% | -13.24% | -10.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 16.66% | -13.94% |
Volatility
FBIOX vs. FSCSX - Volatility Comparison
The current volatility for Fidelity Select Biotechnology Portfolio (FBIOX) is 6.44%, while Fidelity Select Software & IT Services Portfolio (FSCSX) has a volatility of 7.60%. This indicates that FBIOX 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
| FBIOX | FSCSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.44% | 7.60% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 16.90% | 26.29% | -9.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.49% | 29.64% | -8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.11% | 26.84% | -1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.16% | 24.75% | +1.41% |
FBIOX vs. FSCSX - Expense Ratio Comparison
FBIOX has a 0.62% expense ratio, which is lower than FSCSX's 0.67% expense ratio.
Dividends
FBIOX vs. FSCSX - Dividend Comparison
FBIOX's dividend yield for the trailing twelve months is around 5.62%, less than FSCSX's 21.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBIOX Fidelity Select Biotechnology Portfolio | 5.62% | 2.47% | 1.21% | 0.45% | 0.00% | 14.48% | 19.46% | 8.89% | 11.18% | 1.41% | 3.42% | 6.71% |
FSCSX Fidelity Select Software & IT Services Portfolio | 21.82% | 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
FBIOX and FSCSX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCSX has higher volatility (7.60%) compared to FBIOX (6.44%). In terms of maximum drawdown, FBIOX dropped -71.98% vs FSCSX's -64.66%.
FBIOX currently has the higher Sharpe Ratio (2.73 vs -0.36), 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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