FBMPX vs. VTCAX

Last updated Aug 2, 2026

FBMPX (Fidelity Select Communication Services Portfolio) and VTCAX (Vanguard Communication Services Index Fund Admiral Shares) are both mutual funds - FBMPX is a Communications Equities fund actively managed by Fidelity, while VTCAX is a Technology Equities fund managed by Vanguard. Over the past 10 years, FBMPX returned 16.31%/yr vs 7.65%/yr for VTCAX. Their correlation of 0.82 means they have usually moved in the same direction. FBMPX charges 0.64%/yr vs 0.10%/yr for VTCAX.

Performance

FBMPX vs. VTCAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Communication Services Portfolio (FBMPX) and Vanguard Communication Services Index Fund Admiral Shares (VTCAX). 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 VTCAX's -6.72% return. Over the past 10 years, FBMPX has outperformed VTCAX with an annualized return of 16.31%, while VTCAX has yielded a comparatively lower 7.65% 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%

VTCAX

• 1D: -2.70%
• 1M: -4.25%
• 6M: -9.43%
• YTD: -6.72%
• 1Y: 5.85%
• 3Y*: 18.15%
• 5Y*: 5.59%
• 10Y*: 7.65%
• ALL TIME*: 8.53%

*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
VTCAX Vanguard Communication Services Index Fund Admiral Shares	$0.00	$0.00	$0.00

FBMPX vs. VTCAX - 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%
VTCAX Vanguard Communication Services Index Fund Admiral Shares	-6.72%	26.28%	33.10%	44.73%	-38.78%	14.09%	28.95%	28.03%	-16.51%	-5.57%

Correlation

The correlation between FBMPX and VTCAX is 0.94, 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.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004	0.82

The correlation between FBMPX and VTCAX shifts across timeframes, from 0.82 (all time) to 0.97 (5 years), reflecting how their relationship changes across market environments.

FBMPX vs. VTCAX - Sectors Allocation Comparison

Sectors	FBMPX	VTCAX
Communication Services	86.7%	95.8%
Technology	9.2%	1.5%
Consumer Cyclical	3.0%	0.2%
Healthcare	0.7%	0.0%
Industrials	0.5%	2.4%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Real Estate	-	0.1%
Utilities	-	-

Return for Risk

FBMPX vs. VTCAX — 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

VTCAX

VTCAX Risk / Return Rank: 10
VTCAX Sharpe Ratio Rank: 10
VTCAX Sortino Ratio Rank: 10
VTCAX Omega Ratio Rank: 10
VTCAX Calmar Ratio Rank: 10
VTCAX Martin Ratio Rank: 11

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. VTCAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Communication Services Portfolio (FBMPX) and Vanguard Communication Services Index Fund Admiral Shares (VTCAX). 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	VTCAX	Difference
Sharpe ratio: Return per unit of total volatility	0.87	0.35	+0.52
Sortino ratio: Return per unit of downside risk	1.31	0.61	+0.70
Omega ratio: Gain probability vs. loss probability	1.16	1.07	+0.09
Calmar ratio: Return relative to maximum drawdown	1.05	0.44	+0.62
Martin ratio: Return relative to average drawdown	3.58	1.33	+2.25

FBMPX vs. VTCAX - Sharpe Ratio Comparison

The current FBMPX Sharpe Ratio is 0.87, which is higher than the VTCAX Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of FBMPX and VTCAX, 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. VTCAX - Drawdown Comparison

The maximum FBMPX drawdown since its inception was -61.77%, which is greater than VTCAX's maximum drawdown of -57.11%. Use the drawdown chart below to compare losses from any high point for FBMPX and VTCAX.

Drawdown Indicators

	FBMPX	VTCAX	Difference
Max Drawdown Largest peak-to-trough decline	-61.77%	-57.11%	-4.66%
Max Drawdown (1Y) Largest decline over 1 year	-16.90%	-13.56%	-3.34%
Max Drawdown (3Y) Largest decline over 3 years	-23.20%	-21.19%	-2.01%
Max Drawdown (5Y) Largest decline over 5 years	-47.42%	-46.58%	-0.84%
Max Drawdown (10Y) Largest decline over 10 years	-47.42%	-46.58%	-0.84%
Current Drawdown Current decline from peak	-9.34%	-9.89%	+0.55%
Average Drawdown Average peak-to-trough decline	-10.61%	-11.85%	+1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.97%	4.44%	+0.53%

Volatility

FBMPX vs. VTCAX - Volatility Comparison

Fidelity Select Communication Services Portfolio (FBMPX) and Vanguard Communication Services Index Fund Admiral Shares (VTCAX) have volatilities of 6.85% and 7.04%, 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	VTCAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.85%	7.04%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	16.12%	13.58%	+2.54%
Volatility (1Y) Calculated over the trailing 1-year period	20.50%	17.02%	+3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.50%	21.48%	+2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.09%	21.11%	+0.98%

FBMPX vs. VTCAX - Expense Ratio Comparison

FBMPX has a 0.64% expense ratio, which is higher than VTCAX's 0.10% expense ratio.

Dividends

FBMPX vs. VTCAX - Dividend Comparison

FBMPX's dividend yield for the trailing twelve months is around 13.02%, more than VTCAX's 1.09% 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%
VTCAX Vanguard Communication Services Index Fund Admiral Shares	1.09%	0.95%	1.06%	1.04%	0.88%	1.20%	0.73%	0.89%	2.77%	3.84%	2.68%	3.55%

Frequently Asked Questions

Can I hold both FBMPX and VTCAX in my portfolio?

With a correlation of 0.94, FBMPX and VTCAX 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 VTCAX?

VTCAX has higher volatility (7.04%) compared to FBMPX (6.85%). In terms of maximum drawdown, FBMPX dropped -61.77% vs VTCAX's -57.11%.

Which has better risk-adjusted returns?

FBMPX currently has the higher Sharpe Ratio (0.87 vs 0.35), 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.