FBMPX vs. GABTX
FBMPX (Fidelity Select Communication Services Portfolio) and GABTX (Gabelli Global Content & Connectivity Fund) are both Communications Equities funds. Over the past 10 years, FBMPX returned 16.62%/yr vs 6.97%/yr for GABTX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. FBMPX charges 0.64%/yr vs 0.96%/yr for GABTX.
Performance
FBMPX vs. GABTX - Performance Comparison
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Returns By Period
In the year-to-date period, FBMPX achieves a 4.58% return, which is significantly lower than GABTX's 11.76% return. Over the past 10 years, FBMPX has outperformed GABTX with an annualized return of 16.62%, while GABTX has yielded a comparatively lower 6.97% annualized return.
FBMPX
- 1D
- 1.67%
- 1M
- -4.14%
- 6M
- 0.05%
- YTD
- 4.58%
- 1Y
- 19.79%
- 3Y*
- 27.90%
- 5Y*
- 12.09%
- 10Y*
- 16.62%
- ALL TIME*
- 13.38%
GABTX
- 1D
- 1.45%
- 1M
- -1.37%
- 6M
- 9.45%
- YTD
- 11.76%
- 1Y
- 23.96%
- 3Y*
- 20.05%
- 5Y*
- 6.04%
- 10Y*
- 6.97%
- ALL TIME*
- 7.34%
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. GABTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBMPX Fidelity Select Communication Services Portfolio | 4.58% | 37.07% | 35.98% | 56.85% | -38.30% | 15.97% | 35.48% | 33.14% | -3.52% | 12.60% |
GABTX Gabelli Global Content & Connectivity Fund | 11.76% | 27.50% | 14.94% | 22.81% | -28.59% | 5.15% | 16.44% | 15.63% | -11.90% | 13.37% |
Correlation
The correlation between FBMPX and GABTX is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 1993 | 0.77 |
The correlation between FBMPX and GABTX shifts across timeframes, from 0.60 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FBMPX vs. GABTX — Risk / Return Rank
FBMPX
GABTX
FBMPX vs. GABTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Communication Services Portfolio (FBMPX) and Gabelli Global Content & Connectivity Fund (GABTX). 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 | GABTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.27 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 2.52 | -1.54 |
| Martin ratioReturn relative to average drawdown | 3.32 | 5.41 | -2.09 |
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Drawdowns
FBMPX vs. GABTX - Drawdown Comparison
The maximum FBMPX drawdown since its inception was -61.77%, smaller than the maximum GABTX drawdown of -69.14%. Use the drawdown chart below to compare losses from any high point for FBMPX and GABTX.
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Drawdown Indicators
| FBMPX | GABTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.77% | -69.14% | +7.37% |
Max Drawdown (1Y)Largest decline over 1 year | -16.90% | -9.11% | -7.79% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | -15.69% | -7.51% |
Max Drawdown (5Y)Largest decline over 5 years | -47.42% | -39.83% | -7.59% |
Max Drawdown (10Y)Largest decline over 10 years | -47.42% | -39.83% | -7.59% |
Current DrawdownCurrent decline from peak | -7.82% | -6.62% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -10.61% | -16.52% | +5.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | 4.24% | +0.75% |
Volatility
FBMPX vs. GABTX - Volatility Comparison
Fidelity Select Communication Services Portfolio (FBMPX) has a higher volatility of 6.55% compared to Gabelli Global Content & Connectivity Fund (GABTX) at 4.31%. This indicates that FBMPX's price experiences larger fluctuations and is considered to be riskier than GABTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBMPX | GABTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.55% | 4.31% | +2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 16.05% | 11.58% | +4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.56% | 14.73% | +5.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.50% | 16.59% | +6.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.09% | 16.39% | +5.70% |
FBMPX vs. GABTX - Expense Ratio Comparison
FBMPX has a 0.64% expense ratio, which is lower than GABTX's 0.96% expense ratio.
Dividends
FBMPX vs. GABTX - Dividend Comparison
FBMPX's dividend yield for the trailing twelve months is around 12.81%, less than GABTX's 15.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBMPX Fidelity Select Communication Services Portfolio | 12.81% | 8.09% | 7.05% | 0.00% | 0.00% | 5.88% | 3.74% | 35.43% | 15.29% | 5.53% | 7.50% | 7.29% |
GABTX Gabelli Global Content & Connectivity Fund | 15.99% | 17.87% | 0.00% | 0.32% | 2.28% | 6.72% | 3.08% | 6.45% | 6.03% | 6.41% | 7.02% | 8.31% |
Frequently Asked Questions
FBMPX and GABTX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBMPX has higher volatility (6.55%) compared to GABTX (4.31%). In terms of maximum drawdown, FBMPX dropped -61.77% vs GABTX's -69.14%.
GABTX currently has the higher Sharpe Ratio (1.56 vs 0.82), 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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