FCBFX vs. FSCSX
Compare and contrast key facts about Fidelity Corporate Bond Fund (FCBFX) and Fidelity Select Software & IT Services Portfolio (FSCSX).
FCBFX is managed by Fidelity. It was launched on May 4, 2010. FSCSX is managed by Fidelity. It was launched on Jul 29, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCBFX or FSCSX.
Key characteristics
| FCBFX | FSCSX | |
|---|---|---|
| YTD Return | 0.16% | 1.20% |
| 1Y Return | 5.74% | 31.53% |
| 3Y Return (Ann) | -2.42% | 7.21% |
| 5Y Return (Ann) | 1.29% | 16.21% |
| 10Y Return (Ann) | 2.42% | 17.96% |
| Sharpe Ratio | 0.89 | 1.74 |
| Daily Std Dev | 7.10% | 18.04% |
| Max Drawdown | -22.75% | -58.41% |
| Current Drawdown | -10.82% | -6.28% |
Correlation
The correlation between FCBFX and FSCSX is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FCBFX vs. FSCSX - Performance Comparison
In the year-to-date period, FCBFX achieves a 0.16% return, which is significantly lower than FSCSX's 1.20% return. Over the past 10 years, FCBFX has underperformed FSCSX with an annualized return of 2.42%, while FSCSX has yielded a comparatively higher 17.96% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FCBFX vs. FSCSX - Expense Ratio Comparison
FCBFX has a 0.44% expense ratio, which is lower than FSCSX's 0.67% expense ratio.
Risk-Adjusted Performance
FCBFX vs. FSCSX - Risk-Adjusted Performance 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.
Dividends
FCBFX vs. FSCSX - Dividend Comparison
FCBFX's dividend yield for the trailing twelve months is around 3.85%, less than FSCSX's 9.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBFX Fidelity Corporate Bond Fund | 3.85% | 3.74% | 3.36% | 3.02% | 3.39% | 3.28% | 3.64% | 3.17% | 3.26% | 3.32% | 3.07% | 2.91% |
FSCSX Fidelity Select Software & IT Services Portfolio | 9.59% | 7.72% | 9.06% | 6.54% | 5.10% | 12.70% | 6.20% | 7.15% | 3.98% | 5.22% | 10.43% | 4.72% |
Drawdowns
FCBFX vs. FSCSX - Drawdown Comparison
The maximum FCBFX drawdown since its inception was -22.75%, smaller than the maximum FSCSX drawdown of -58.41%. Use the drawdown chart below to compare losses from any high point for FCBFX and FSCSX. For additional features, visit the drawdowns tool.
Volatility
FCBFX vs. FSCSX - Volatility Comparison
The current volatility for Fidelity Corporate Bond Fund (FCBFX) is 1.44%, while Fidelity Select Software & IT Services Portfolio (FSCSX) has a volatility of 5.01%. 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.