FBMPX vs. FCOM

Last updated Aug 2, 2026

FBMPX (Fidelity Select Communication Services Portfolio) and FCOM (Fidelity MSCI Communication Services Index ETF) are both funds - FBMPX is a Communications Equities fund actively managed by Fidelity, while FCOM is a Large Cap Growth Equities fund tracking the MSCI USA IMI Communication Services 25/50 Index. FBMPX is actively managed, while FCOM is passively managed. Over the past 10 years, FBMPX returned 16.31%/yr vs 10.64%/yr for FCOM. Their correlation of 0.83 means they have usually moved in the same direction. FBMPX charges 0.64%/yr vs 0.08%/yr for FCOM.

Performance

FBMPX vs. FCOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Communication Services Portfolio (FBMPX) and Fidelity MSCI Communication Services Index ETF (FCOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBMPX achieves a 2.86% return, which is significantly higher than FCOM's -5.84% return. Over the past 10 years, FBMPX has outperformed FCOM with an annualized return of 16.31%, while FCOM has yielded a comparatively lower 10.64% annualized return.

FBMPX

• 1D: -1.81%
• 1M: -5.72%
• 6M: -1.53%
• YTD: 2.86%
• 1Y: 17.82%
• 3Y*: 27.10%
• 5Y*: 11.71%
• 10Y*: 16.31%
• ALL TIME*: 13.34%

FCOM

• 1D: 1.18%
• 1M: -3.04%
• 6M: -8.54%
• YTD: -5.84%
• 1Y: 6.69%
• 3Y*: 18.54%
• 5Y*: 5.58%
• 10Y*: 10.64%
• ALL TIME*: 10.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FBMPX Fidelity Select Communication Services Portfolio	$0.00	$0.00	$0.00
FCOM Fidelity MSCI Communication Services Index ETF	$15.12M	$14.12M	$12.44M

FBMPX vs. FCOM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBMPX Fidelity Select Communication Services Portfolio	2.86%	37.07%	35.98%	56.85%	-38.30%	15.97%	35.48%	33.14%	-3.52%	12.60%
FCOM Fidelity MSCI Communication Services Index ETF	-5.84%	26.06%	33.05%	44.65%	-38.97%	13.88%	28.33%	26.69%	-5.33%	8.20%

Correlation

The correlation between FBMPX and FCOM is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.83

The correlation between FBMPX and FCOM shifts across timeframes, from 0.83 (all time) to 0.97 (5 years), reflecting how their relationship changes across market environments.

FBMPX vs. FCOM - Sectors Allocation Comparison

Sectors	FBMPX	FCOM
Communication Services	86.7%	89.6%
Technology	9.2%	8.0%
Consumer Cyclical	3.0%	0.2%
Healthcare	0.7%	-
Industrials	0.5%	1.7%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Real Estate	-	0.1%
Utilities	-	-

Return for Risk

FBMPX vs. FCOM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FBMPX

FBMPX Risk / Return Rank: 26
FBMPX Sharpe Ratio Rank: 27
FBMPX Sortino Ratio Rank: 27
FBMPX Omega Ratio Rank: 27
FBMPX Calmar Ratio Rank: 24
FBMPX Martin Ratio Rank: 26

FCOM

FCOM Risk / Return Rank: 17
FCOM Sharpe Ratio Rank: 17
FCOM Sortino Ratio Rank: 16
FCOM Omega Ratio Rank: 16
FCOM Calmar Ratio Rank: 16
FCOM Martin Ratio Rank: 18

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FBMPX vs. FCOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Communication Services Portfolio (FBMPX) and Fidelity MSCI Communication Services Index ETF (FCOM). 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.

	FBMPX	FCOM	Difference
Sharpe ratio: Return per unit of total volatility	0.87	0.27	+0.60
Sortino ratio: Return per unit of downside risk	1.31	0.50	+0.81
Omega ratio: Gain probability vs. loss probability	1.16	1.06	+0.10
Calmar ratio: Return relative to maximum drawdown	1.05	0.34	+0.71
Martin ratio: Return relative to average drawdown	3.58	1.02	+2.56

FBMPX vs. FCOM - Sharpe Ratio Comparison

The current FBMPX Sharpe Ratio is 0.87, which is higher than the FCOM Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of FBMPX and FCOM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FBMPX vs. FCOM - Drawdown Comparison

The maximum FBMPX drawdown since its inception was -61.77%, which is greater than FCOM's maximum drawdown of -46.76%. Use the drawdown chart below to compare losses from any high point for FBMPX and FCOM.

Drawdown Indicators

	FBMPX	FCOM	Difference
Max Drawdown Largest peak-to-trough decline	-61.77%	-46.76%	-15.01%
Max Drawdown (1Y) Largest decline over 1 year	-16.90%	-13.48%	-3.42%
Max Drawdown (3Y) Largest decline over 3 years	-23.20%	-21.16%	-2.04%
Max Drawdown (5Y) Largest decline over 5 years	-47.42%	-46.76%	-0.66%
Max Drawdown (10Y) Largest decline over 10 years	-47.42%	-46.76%	-0.66%
Current Drawdown Current decline from peak	-9.34%	-8.98%	-0.36%
Average Drawdown Average peak-to-trough decline	-10.61%	-8.64%	-1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.97%	4.50%	+0.47%

Volatility

FBMPX vs. FCOM - Volatility Comparison

Fidelity Select Communication Services Portfolio (FBMPX) and Fidelity MSCI Communication Services Index ETF (FCOM) have volatilities of 6.85% and 6.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBMPX	FCOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.85%	6.61%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	16.12%	13.32%	+2.80%
Volatility (1Y) Calculated over the trailing 1-year period	20.50%	17.05%	+3.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.50%	21.41%	+2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.09%	21.07%	+1.02%

FBMPX vs. FCOM - Expense Ratio Comparison

FBMPX has a 0.64% expense ratio, which is higher than FCOM's 0.08% expense ratio.

Dividends

FBMPX vs. FCOM - Dividend Comparison

FBMPX's dividend yield for the trailing twelve months is around 13.02%, more than FCOM's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBMPX Fidelity Select Communication Services Portfolio	13.02%	8.09%	7.05%	0.00%	0.00%	5.88%	3.74%	35.43%	15.29%	5.53%	7.50%	7.29%
FCOM Fidelity MSCI Communication Services Index ETF	1.02%	0.88%	0.87%	0.77%	1.04%	0.90%	0.68%	0.86%	2.78%	11.70%	2.27%	2.92%

Frequently Asked Questions

Can I hold both FBMPX and FCOM in my portfolio?

With a correlation of 0.93, FBMPX and FCOM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FBMPX or FCOM?

FBMPX has higher volatility (6.85%) compared to FCOM (6.61%). In terms of maximum drawdown, FBMPX dropped -61.77% vs FCOM's -46.76%.

Which has better risk-adjusted returns?

FBMPX currently has the higher Sharpe Ratio (0.87 vs 0.27), 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.