FBMPX vs. FTEC

Last updated Jun 4, 2026

FBMPX (Fidelity Select Communication Services Portfolio) and FTEC (Fidelity MSCI Information Technology Index ETF) are both funds - FBMPX is a Communications Equities fund managed by Fidelity, while FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Over the past 10 years, FBMPX returned 17.12%/yr vs 25.57%/yr for FTEC. A 0.75 correlation means they provide meaningful diversification when combined. FBMPX charges 0.74%/yr vs 0.08%/yr for FTEC.

Performance

FBMPX vs. FTEC - Performance Comparison

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

Returns By Period

In the year-to-date period, FBMPX achieves a 9.44% return, which is significantly lower than FTEC's 31.89% return. Over the past 10 years, FBMPX has underperformed FTEC with an annualized return of 17.12%, while FTEC has yielded a comparatively higher 25.57% annualized return.

FBMPX

• 1D: -1.18%
• 1M: 1.96%
• YTD: 9.44%
• 6M: 11.67%
• 1Y: 40.01%
• 3Y*: 34.39%
• 5Y*: 14.32%
• 10Y*: 17.12%

FTEC

• 1D: -1.49%
• 1M: 18.21%
• YTD: 31.89%
• 6M: 30.74%
• 1Y: 60.87%
• 3Y*: 33.93%
• 5Y*: 22.49%
• 10Y*: 25.57%

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

FBMPX vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBMPX Fidelity Select Communication Services Portfolio	9.44%	37.07%	35.98%	56.85%	-38.30%	15.97%	35.48%	33.14%	-3.52%	12.60%
FTEC Fidelity MSCI Information Technology Index ETF	31.89%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	36.83%

Correlation

The correlation between FBMPX and FTEC is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Oct 25, 2013	0.75

The correlation between FBMPX and FTEC shifts across timeframes, from 0.65 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.

FBMPX vs. FTEC - Sectors Allocation Comparison

Sectors	FBMPX	FTEC
Communication Services	83.1%	0.0%
Technology	13.1%	98.0%
Consumer Cyclical	2.8%	0.0%
Healthcare	0.7%	-
Industrials	0.3%	0.6%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	0.4%
Financial Services	-	0.6%
Real Estate	-	-
Utilities	-	-

Return for Risk

FBMPX vs. FTEC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBMPX

FBMPX Risk / Return Rank: 44
FBMPX Sharpe Ratio Rank: 50
FBMPX Sortino Ratio Rank: 46
FBMPX Omega Ratio Rank: 45
FBMPX Calmar Ratio Rank: 38
FBMPX Martin Ratio Rank: 41

FTEC

FTEC Risk / Return Rank: 77
FTEC Sharpe Ratio Rank: 87
FTEC Sortino Ratio Rank: 80
FTEC Omega Ratio Rank: 78
FTEC Calmar Ratio Rank: 73
FTEC Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBMPX vs. FTEC - Risk-Adjusted Trends Comparison

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

	FBMPX	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	2.08	2.97	-0.89
Sortino ratio: Return per unit of downside risk	2.84	3.65	-0.81
Omega ratio: Gain probability vs. loss probability	1.36	1.48	-0.12
Calmar ratio: Return relative to maximum drawdown	2.34	3.76	-1.42
Martin ratio: Return relative to average drawdown	8.87	12.10	-3.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBMPX vs. FTEC - Sharpe Ratio Comparison

The current FBMPX Sharpe Ratio is 2.08, which is comparable to the FTEC Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of FBMPX and FTEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FBMPX	FTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	2.97	-0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.90	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	1.04	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.99	-0.33

Drawdowns

FBMPX vs. FTEC - Drawdown Comparison

The maximum FBMPX drawdown since its inception was -61.77%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FBMPX and FTEC.

Drawdown Indicators

	FBMPX	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-61.77%	-34.95%	-26.82%
Max Drawdown (1Y) Largest decline over 1 year	-16.90%	-16.26%	-0.64%
Max Drawdown (3Y) Largest decline over 3 years	-23.20%	-27.30%	+4.10%
Max Drawdown (5Y) Largest decline over 5 years	-47.42%	-34.95%	-12.47%
Max Drawdown (10Y) Largest decline over 10 years	-47.42%	-34.95%	-12.47%
Current Drawdown Current decline from peak	-3.54%	-1.49%	-2.05%
Average Drawdown Average peak-to-trough decline	-10.63%	-5.56%	-5.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	5.05%	-0.59%

Volatility

FBMPX vs. FTEC - Volatility Comparison

The current volatility for Fidelity Select Communication Services Portfolio (FBMPX) is 4.81%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.43%. This indicates that FBMPX experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBMPX	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	6.43%	-1.62%
Volatility (6M) Calculated over the trailing 6-month period	13.91%	16.14%	-2.23%
Volatility (1Y) Calculated over the trailing 1-year period	19.03%	20.63%	-1.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.26%	25.23%	-1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.97%	24.69%	-2.72%

FBMPX vs. FTEC - Expense Ratio Comparison

FBMPX has a 0.74% expense ratio, which is higher than FTEC's 0.08% expense ratio.

Dividends

FBMPX vs. FTEC - Dividend Comparison

FBMPX's dividend yield for the trailing twelve months is around 12.24%, more than FTEC's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBMPX Fidelity Select Communication Services Portfolio	12.24%	8.09%	7.05%	0.00%	0.00%	5.88%	3.74%	35.43%	15.29%	5.53%	7.50%	7.29%
FTEC Fidelity MSCI Information Technology Index ETF	0.32%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%

Frequently Asked Questions

Can I hold both FBMPX and FTEC in my portfolio?

FBMPX and FTEC have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBMPX or FTEC?

FTEC has higher volatility (6.43%) compared to FBMPX (4.81%). In terms of maximum drawdown, FBMPX dropped -61.77% vs FTEC's -34.95%.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (2.97 vs 2.08), 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.