FBSOX vs. AAIZX
FBSOX (Fidelity Select IT Services Portfolio) and AAIZX (Alger AI Enablers & Adopters Z) are both Technology Equities funds. Over the past year, FBSOX returned -13.16% vs 50.91% for AAIZX. At a 0.44 correlation, their price movements are largely independent. FBSOX charges 0.70%/yr vs 0.55%/yr for AAIZX.
Performance
FBSOX vs. AAIZX - Performance Comparison
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Returns By Period
In the year-to-date period, FBSOX achieves a -3.76% return, which is significantly lower than AAIZX's 25.03% return.
FBSOX
- 1D
- -0.90%
- 1M
- 6.30%
- 6M
- -4.06%
- YTD
- -3.76%
- 1Y
- -13.16%
- 3Y*
- 3.25%
- 5Y*
- -4.12%
- 10Y*
- 9.36%
AAIZX
- 1D
- 0.51%
- 1M
- 3.95%
- 6M
- 21.30%
- YTD
- 25.03%
- 1Y
- 50.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBSOX vs. AAIZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBSOX Fidelity Select IT Services Portfolio | -3.76% | -9.19% | 11.24% |
AAIZX Alger AI Enablers & Adopters Z | 25.03% | 41.00% | 33.76% |
Correlation
The correlation between FBSOX and AAIZX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2024 | 0.44 |
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Return for Risk
FBSOX vs. AAIZX — Risk / Return Rank
FBSOX
AAIZX
FBSOX vs. AAIZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select IT Services Portfolio (FBSOX) and Alger AI Enablers & Adopters Z (AAIZX). 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.
| FBSOX | AAIZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.78 | ||
| Sortino ratioReturn per unit of downside risk | -3.47 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.34 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 2.92 | -3.43 |
| Martin ratioReturn relative to average drawdown | -0.93 | 8.61 | -9.54 |
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Drawdowns
FBSOX vs. AAIZX - Drawdown Comparison
The maximum FBSOX drawdown since its inception was -50.01%, which is greater than AAIZX's maximum drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for FBSOX and AAIZX.
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Drawdown Indicators
| FBSOX | AAIZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.01% | -29.00% | -21.01% |
Max Drawdown (1Y)Largest decline over 1 year | -30.83% | -17.47% | -13.36% |
Max Drawdown (3Y)Largest decline over 3 years | -35.31% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -42.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.28% | — | — |
Current DrawdownCurrent decline from peak | -21.64% | -2.79% | -18.85% |
Average DrawdownAverage peak-to-trough decline | -10.24% | -4.95% | -5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.51% | 5.92% | +11.59% |
Volatility
FBSOX vs. AAIZX - Volatility Comparison
The current volatility for Fidelity Select IT Services Portfolio (FBSOX) is 6.10%, while Alger AI Enablers & Adopters Z (AAIZX) has a volatility of 9.82%. This indicates that FBSOX experiences smaller price fluctuations and is considered to be less risky than AAIZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBSOX | AAIZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 9.82% | -3.72% |
Volatility (6M)Calculated over the trailing 6-month period | 18.26% | 19.34% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.49% | 24.43% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.76% | 27.83% | -5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.85% | 27.83% | -4.98% |
FBSOX vs. AAIZX - Expense Ratio Comparison
FBSOX has a 0.70% expense ratio, which is higher than AAIZX's 0.55% expense ratio.
Dividends
FBSOX vs. AAIZX - Dividend Comparison
FBSOX's dividend yield for the trailing twelve months is around 9.44%, more than AAIZX's 5.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAIZX Alger AI Enablers & Adopters Z | 5.05% | 6.31% | 4.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBSOX Fidelity Select IT Services Portfolio | 9.44% | 14.07% | 18.34% | 3.81% | 14.40% | 15.64% | 5.27% | 2.30% | 4.97% | 3.10% | 0.32% | 3.87% |
Frequently Asked Questions
FBSOX and AAIZX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAIZX has higher volatility (9.82%) compared to FBSOX (6.10%). In terms of maximum drawdown, FBSOX dropped -50.01% vs AAIZX's -29.00%.
AAIZX currently has the higher Sharpe Ratio (2.09 vs -0.69), 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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