FBMPX vs. FWRLX
FBMPX (Fidelity Select Communication Services Portfolio) and FWRLX (Fidelity Select Wireless Portfolio) are both Communications Equities funds from Fidelity. Over the past 10 years, FBMPX returned 16.31%/yr vs 12.77%/yr for FWRLX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. FBMPX charges 0.64%/yr vs 0.77%/yr for FWRLX.
Performance
FBMPX vs. FWRLX - Performance Comparison
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Returns By Period
In the year-to-date period, FBMPX achieves a 2.86% return, which is significantly lower than FWRLX's 22.25% return. Over the past 10 years, FBMPX has outperformed FWRLX with an annualized return of 16.31%, while FWRLX has yielded a comparatively lower 12.77% 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%
FWRLX
- 1D
- 1.06%
- 1M
- -4.53%
- 6M
- 19.05%
- YTD
- 22.25%
- 1Y
- 22.14%
- 3Y*
- 16.34%
- 5Y*
- 6.25%
- 10Y*
- 12.77%
- ALL TIME*
- 6.09%
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 |
FBMPX vs. FWRLX - 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% |
FWRLX Fidelity Select Wireless Portfolio | 22.25% | 2.20% | 17.12% | 25.97% | -27.86% | 12.15% | 33.39% | 40.17% | -6.37% | 24.87% |
Correlation
The correlation between FBMPX and FWRLX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2000 | 0.76 |
Over the past year, the correlation between FBMPX and FWRLX has dropped to 0.49 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
FBMPX vs. FWRLX — Risk / Return Rank
FBMPX
FWRLX
FBMPX vs. FWRLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Communication Services Portfolio (FBMPX) and Fidelity Select Wireless Portfolio (FWRLX). 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 | FWRLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.35 | -0.30 |
| Martin ratioReturn relative to average drawdown | 3.58 | 4.25 | -0.67 |
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Drawdowns
FBMPX vs. FWRLX - Drawdown Comparison
The maximum FBMPX drawdown since its inception was -61.77%, smaller than the maximum FWRLX drawdown of -79.37%. Use the drawdown chart below to compare losses from any high point for FBMPX and FWRLX.
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Drawdown Indicators
| FBMPX | FWRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.77% | -79.37% | +17.60% |
Max Drawdown (1Y)Largest decline over 1 year | -16.90% | -14.69% | -2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | -15.81% | -7.39% |
Max Drawdown (5Y)Largest decline over 5 years | -47.42% | -32.01% | -15.41% |
Max Drawdown (10Y)Largest decline over 10 years | -47.42% | -32.01% | -15.41% |
Current DrawdownCurrent decline from peak | -9.34% | -13.79% | +4.45% |
Average DrawdownAverage peak-to-trough decline | -10.61% | -20.33% | +9.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.97% | 4.67% | +0.30% |
Volatility
FBMPX vs. FWRLX - Volatility Comparison
Fidelity Select Communication Services Portfolio (FBMPX) has a higher volatility of 6.85% compared to Fidelity Select Wireless Portfolio (FWRLX) at 5.51%. This indicates that FBMPX's price experiences larger fluctuations and is considered to be riskier than FWRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBMPX | FWRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.85% | 5.51% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 16.12% | 15.95% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.50% | 18.83% | +1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.50% | 18.76% | +4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.09% | 18.52% | +3.57% |
FBMPX vs. FWRLX - Expense Ratio Comparison
FBMPX has a 0.64% expense ratio, which is lower than FWRLX's 0.77% expense ratio.
Dividends
FBMPX vs. FWRLX - Dividend Comparison
FBMPX's dividend yield for the trailing twelve months is around 13.02%, more than FWRLX's 1.43% 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% |
FWRLX Fidelity Select Wireless Portfolio | 1.43% | 6.59% | 9.06% | 2.38% | 9.26% | 7.53% | 6.95% | 2.74% | 16.03% | 3.57% | 6.57% | 7.21% |
Frequently Asked Questions
FBMPX and FWRLX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBMPX has higher volatility (6.85%) compared to FWRLX (5.51%). In terms of maximum drawdown, FBMPX dropped -61.77% vs FWRLX's -79.37%.
FWRLX currently has the higher Sharpe Ratio (1.06 vs 0.87), 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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