FCYIX vs. SPHIX

Last updated Aug 2, 2026

FCYIX (Fidelity Select Industrials Portfolio) and SPHIX (Fidelity High Income Fund) are both mutual funds - FCYIX is a Industrials Equities fund actively managed by Fidelity, while SPHIX is a High Yield Bonds fund actively managed by Fidelity. Both are actively managed. Their 0.38 correlation means their historical movements had little consistent relationship. Both charge a 0.69% expense ratio.

Performance

FCYIX vs. SPHIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Industrials Portfolio (FCYIX) and Fidelity High Income Fund (SPHIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FCYIX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SPHIX

• 1D: 0.12%
• 1M: -0.98%
• 6M: 1.57%
• YTD: 2.43%
• 1Y: 6.93%
• 3Y*: 8.94%
• 5Y*: 3.77%
• 10Y*: 4.86%
• ALL TIME*: 7.75%

*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)
SPHIX Fidelity High Income Fund	$0.00	$0.00	$0.00

FCYIX vs. SPHIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCYIX Fidelity Select Industrials Portfolio	0.00%	20.95%	23.32%	23.21%	-10.47%	16.94%	11.91%	28.02%	-15.34%	19.87%
SPHIX Fidelity High Income Fund	2.43%	9.85%	9.57%	10.99%	-13.08%	3.55%	2.47%	14.27%	-2.39%	8.60%

Correlation

The correlation between FCYIX and SPHIX is 0.13, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.13
Correlation (3Y) Balances recent behavior with more history.	0.41
Correlation (5Y) Shows whether the relationship held over a longer period.	0.46
Correlation (10Y) Provides a long-term view across more market conditions.	0.43
Correlation (All Time) Calculated using the full available price history since Feb 28, 1997	0.38

Over the past year, the correlation between FCYIX and SPHIX has dropped to 0.13 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.

Return for Risk

FCYIX vs. SPHIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FCYIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SPHIX

SPHIX Risk / Return Rank: 90
SPHIX Sharpe Ratio Rank: 88
SPHIX Sortino Ratio Rank: 92
SPHIX Omega Ratio Rank: 89
SPHIX Calmar Ratio Rank: 88
SPHIX Martin Ratio Rank: 93

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.

FCYIX vs. SPHIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Industrials Portfolio (FCYIX) and Fidelity High Income Fund (SPHIX). 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.

	FCYIX	SPHIX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.16	—
Sortino ratio: Return per unit of downside risk	—	3.59	—
Omega ratio: Gain probability vs. loss probability	—	1.47	—
Calmar ratio: Return relative to maximum drawdown	—	3.11	—
Martin ratio: Return relative to average drawdown	—	13.95	—

Drawdowns

Drawdown Indicators

	FCYIX	SPHIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-31.36%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.33%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.44%	—
Current Drawdown Current decline from peak	—	-1.23%	—
Average Drawdown Average peak-to-trough decline	—	-3.46%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.52%	—

Volatility

Volatility by Period

	FCYIX	SPHIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.35%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	5.30%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	5.74%	—

FCYIX vs. SPHIX - Expense Ratio Comparison

Both FCYIX and SPHIX have an expense ratio of 0.69%.

Dividends

FCYIX vs. SPHIX - Dividend Comparison

FCYIX has not paid dividends to shareholders, while SPHIX's dividend yield for the trailing twelve months is around 5.98%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCYIX Fidelity Select Industrials Portfolio	1.58%	2.26%	4.30%	5.86%	3.94%	27.55%	2.89%	4.16%	9.54%	5.06%	4.32%	6.61%
SPHIX Fidelity High Income Fund	5.98%	6.43%	6.10%	5.41%	3.91%	4.07%	4.71%	5.10%	6.02%	5.40%	6.07%	5.59%

Frequently Asked Questions

Can I hold both FCYIX and SPHIX in my portfolio?

FCYIX and SPHIX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.