FDCPX vs. FNILX
FDCPX (Fidelity Select Tech Hardware Portfolio) and FNILX (Fidelity ZERO Large Cap Index Fund) are both mutual funds - FDCPX is a Technology Equities fund actively managed by Fidelity, while FNILX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, FDCPX returned 26.82%/yr vs 12.52%/yr for FNILX. Their correlation of 0.85 means they have usually moved in the same direction. FDCPX charges 0.67%/yr vs 0.00%/yr for FNILX.
Performance
FDCPX vs. FNILX - Performance Comparison
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Returns By Period
In the year-to-date period, FDCPX achieves a 62.74% return, which is significantly higher than FNILX's 9.84% return.
FDCPX
- 1D
- 1.00%
- 1M
- -3.80%
- 6M
- 46.22%
- YTD
- 62.74%
- 1Y
- 101.29%
- 3Y*
- 49.02%
- 5Y*
- 26.82%
- 10Y*
- 26.06%
- ALL TIME*
- 14.79%
FNILX
- 1D
- 0.71%
- 1M
- 0.04%
- 6M
- 7.98%
- YTD
- 9.84%
- 1Y
- 20.95%
- 3Y*
- 19.57%
- 5Y*
- 12.52%
- 10Y*
- —
- ALL TIME*
- 14.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FDCPX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FDCPX Fidelity Select Tech Hardware Portfolio | 62.74% | 54.44% | 22.40% | 33.52% | -28.63% | 23.68% | 46.07% | 40.15% | -19.22% |
FNILX Fidelity ZERO Large Cap Index Fund | 9.84% | 17.81% | 25.47% | 27.45% | -19.37% | 26.67% | 21.13% | 31.79% | -13.60% |
Correlation
The correlation between FDCPX and FNILX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2018 | 0.85 |
The correlation between FDCPX and FNILX has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.
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Return for Risk
FDCPX vs. FNILX — Risk / Return Rank
FDCPX
FNILX
FDCPX vs. FNILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Tech Hardware Portfolio (FDCPX) and Fidelity ZERO Large Cap Index Fund (FNILX). 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.
| FDCPX | FNILX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.26 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.44 | 2.11 | +2.33 |
| Martin ratioReturn relative to average drawdown | 19.04 | 8.87 | +10.17 |
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Drawdowns
FDCPX vs. FNILX - Drawdown Comparison
The maximum FDCPX drawdown since its inception was -81.96%, which is greater than FNILX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FDCPX and FNILX.
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Drawdown Indicators
| FDCPX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.96% | -33.76% | -48.20% |
Max Drawdown (1Y)Largest decline over 1 year | -22.18% | -9.01% | -13.17% |
Max Drawdown (3Y)Largest decline over 3 years | -23.59% | -19.08% | -4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -35.29% | -25.40% | -9.89% |
Max Drawdown (10Y)Largest decline over 10 years | -35.29% | — | — |
Current DrawdownCurrent decline from peak | -15.88% | -1.54% | -14.34% |
Average DrawdownAverage peak-to-trough decline | -26.06% | -5.30% | -20.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 2.14% | +3.02% |
Volatility
FDCPX vs. FNILX - Volatility Comparison
Fidelity Select Tech Hardware Portfolio (FDCPX) has a higher volatility of 15.00% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 3.53%. This indicates that FDCPX's price experiences larger fluctuations and is considered to be riskier than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDCPX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.00% | 3.53% | +11.47% |
Volatility (6M)Calculated over the trailing 6-month period | 28.78% | 10.19% | +18.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.91% | 12.98% | +18.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.38% | 17.37% | +7.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.81% | 19.95% | +2.86% |
FDCPX vs. FNILX - Expense Ratio Comparison
FDCPX has a 0.67% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Dividends
FDCPX vs. FNILX - Dividend Comparison
FDCPX's dividend yield for the trailing twelve months is around 6.57%, more than FNILX's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDCPX Fidelity Select Tech Hardware Portfolio | 6.57% | 14.38% | 7.58% | 0.51% | 17.72% | 16.95% | 8.81% | 12.15% | 23.69% | 10.50% | 6.57% | 4.53% |
FNILX Fidelity ZERO Large Cap Index Fund | 0.92% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FDCPX and FNILX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDCPX has higher volatility (15.00%) compared to FNILX (3.53%). In terms of maximum drawdown, FDCPX dropped -81.96% vs FNILX's -33.76%.
FDCPX currently has the higher Sharpe Ratio (3.09 vs 1.47), 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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