FCBFX vs. FSCSX
FCBFX (Fidelity Corporate Bond Fund) and FSCSX (Fidelity Select Software & IT Services Portfolio) are both mutual funds - FCBFX is a Corporate Bonds fund managed by Fidelity, while FSCSX is a Technology Equities fund actively managed by Fidelity. Over the past 10 years, FCBFX returned 2.47%/yr vs 16.29%/yr for FSCSX. At a correlation of -0.06, they often move in opposite directions. FCBFX charges 0.44%/yr vs 0.67%/yr for FSCSX.
Performance
FCBFX vs. FSCSX - Performance Comparison
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Returns By Period
In the year-to-date period, FCBFX achieves a -0.13% return, which is significantly higher than FSCSX's -9.89% return. Over the past 10 years, FCBFX has underperformed FSCSX with an annualized return of 2.47%, while FSCSX has yielded a comparatively higher 16.29% annualized return.
FCBFX
- 1D
- 0.19%
- 1M
- -0.77%
- 6M
- -0.32%
- YTD
- -0.13%
- 1Y
- 4.32%
- 3Y*
- 5.13%
- 5Y*
- -0.14%
- 10Y*
- 2.47%
FSCSX
- 1D
- 0.05%
- 1M
- 3.91%
- 6M
- -3.54%
- YTD
- -9.89%
- 1Y
- -9.71%
- 3Y*
- 9.34%
- 5Y*
- 5.02%
- 10Y*
- 16.29%
FCBFX vs. FSCSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCBFX Fidelity Corporate Bond Fund | -0.13% | 7.86% | 2.82% | 8.82% | -17.11% | -1.59% | 10.59% | 14.48% | -2.56% | 6.83% |
FSCSX Fidelity Select Software & IT Services Portfolio | -9.89% | 6.96% | 19.66% | 51.72% | -29.13% | 18.13% | 45.55% | 38.99% | 4.08% | 38.60% |
Correlation
The correlation between FCBFX and FSCSX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 5, 2010 | -0.06 |
The correlation between FCBFX and FSCSX shifts across timeframes, from -0.06 (all time) to 0.16 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FCBFX vs. FSCSX — Risk / Return Rank
FCBFX
FSCSX
FCBFX vs. FSCSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond Fund (FCBFX) and Fidelity Select Software & IT Services Portfolio (FSCSX). 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.
| FCBFX | FSCSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.97 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | -0.27 | +1.64 |
| Martin ratioReturn relative to average drawdown | 4.17 | -0.57 | +4.74 |
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Drawdowns
FCBFX vs. FSCSX - Drawdown Comparison
The maximum FCBFX drawdown since its inception was -23.23%, smaller than the maximum FSCSX drawdown of -64.66%. Use the drawdown chart below to compare losses from any high point for FCBFX and FSCSX.
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Drawdown Indicators
| FCBFX | FSCSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.23% | -64.66% | +41.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -34.24% | +30.93% |
Max Drawdown (3Y)Largest decline over 3 years | -6.57% | -34.24% | +27.67% |
Max Drawdown (5Y)Largest decline over 5 years | -23.21% | -37.06% | +13.85% |
Max Drawdown (10Y)Largest decline over 10 years | -23.23% | -37.06% | +13.83% |
Current DrawdownCurrent decline from peak | -1.71% | -15.04% | +13.33% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -13.23% | +9.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 16.29% | -15.21% |
Volatility
FCBFX vs. FSCSX - Volatility Comparison
The current volatility for Fidelity Corporate Bond Fund (FCBFX) is 1.08%, while Fidelity Select Software & IT Services Portfolio (FSCSX) has a volatility of 7.81%. This indicates that FCBFX experiences smaller price fluctuations and is considered to be less risky than FSCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCBFX | FSCSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 7.81% | -6.73% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 25.98% | -22.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 28.97% | -24.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.69% | 26.71% | -20.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.96% | 24.68% | -18.72% |
FCBFX vs. FSCSX - Expense Ratio Comparison
FCBFX has a 0.44% expense ratio, which is lower than FSCSX's 0.67% expense ratio.
Dividends
FCBFX vs. FSCSX - Dividend Comparison
FCBFX's dividend yield for the trailing twelve months is around 4.30%, less than FSCSX's 22.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBFX Fidelity Corporate Bond Fund | 4.30% | 4.11% | 3.95% | 3.74% | 2.53% | 2.82% | 3.19% | 3.28% | 3.65% | 3.16% | 3.55% | 3.01% |
FSCSX Fidelity Select Software & IT Services Portfolio | 22.29% | 15.40% | 19.17% | 7.72% | 9.06% | 6.54% | 5.10% | 12.70% | 6.20% | 7.15% | 3.98% | 5.22% |
Frequently Asked Questions
FCBFX and FSCSX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCSX has higher volatility (7.81%) compared to FCBFX (1.08%). In terms of maximum drawdown, FCBFX dropped -23.23% vs FSCSX's -64.66%.
FCBFX currently has the higher Sharpe Ratio (1.08 vs -0.32), 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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