FDCPX vs. TSNIX

Last updated Jun 24, 2026

FDCPX (Fidelity Select Tech Hardware Portfolio) and TSNIX (T. Rowe Price Science & Technology Fund I Class) are both Technology Equities funds. Both are actively managed. Over the past 10 years, FDCPX returned 29.39%/yr vs 24.08%/yr for TSNIX. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.67% expense ratio.

Performance

FDCPX vs. TSNIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Tech Hardware Portfolio (FDCPX) and T. Rowe Price Science & Technology Fund I Class (TSNIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDCPX achieves a 93.47% return, which is significantly higher than TSNIX's 45.01% return. Over the past 10 years, FDCPX has outperformed TSNIX with an annualized return of 29.39%, while TSNIX has yielded a comparatively lower 24.08% annualized return.

FDCPX

• 1D: 1.78%
• 1M: 18.08%
• YTD: 93.47%
• 6M: 94.59%
• 1Y: 152.70%
• 3Y*: 60.14%
• 5Y*: 31.55%
• 10Y*: 29.39%

TSNIX

• 1D: 2.01%
• 1M: 11.81%
• YTD: 45.01%
• 6M: 43.11%
• 1Y: 81.48%
• 3Y*: 41.50%
• 5Y*: 18.66%
• 10Y*: 24.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDCPX vs. TSNIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDCPX Fidelity Select Tech Hardware Portfolio	93.47%	54.44%	22.40%	33.52%	-28.63%	23.68%	46.07%	40.15%	-6.30%	32.64%
TSNIX T. Rowe Price Science & Technology Fund I Class	45.01%	24.45%	40.65%	53.94%	-35.29%	5.72%	46.10%	55.54%	-7.41%	39.56%

Correlation

The correlation between FDCPX and TSNIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Mar 24, 2016	0.83

The correlation between FDCPX and TSNIX has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

Return for Risk

FDCPX vs. TSNIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDCPX

FDCPX Risk / Return Rank: 98
FDCPX Sharpe Ratio Rank: 100
FDCPX Sortino Ratio Rank: 98
FDCPX Omega Ratio Rank: 97
FDCPX Calmar Ratio Rank: 99
FDCPX Martin Ratio Rank: 99

TSNIX

TSNIX Risk / Return Rank: 89
TSNIX Sharpe Ratio Rank: 96
TSNIX Sortino Ratio Rank: 83
TSNIX Omega Ratio Rank: 83
TSNIX Calmar Ratio Rank: 93
TSNIX Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDCPX vs. TSNIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Tech Hardware Portfolio (FDCPX) and T. Rowe Price Science & Technology Fund I Class (TSNIX). 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	TSNIX	Difference
Sharpe ratio: Return per unit of total volatility	5.88	3.16	+2.72
Sortino ratio: Return per unit of downside risk	5.87	3.63	+2.24
Omega ratio: Gain probability vs. loss probability	1.85	1.51	+0.35
Calmar ratio: Return relative to maximum drawdown	13.62	4.88	+8.74
Martin ratio: Return relative to average drawdown	55.95	17.38	+38.56

FDCPX vs. TSNIX - Sharpe Ratio Comparison

The current FDCPX Sharpe Ratio is 5.88, which is higher than the TSNIX Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of FDCPX and TSNIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDCPX vs. TSNIX - Drawdown Comparison

The maximum FDCPX drawdown since its inception was -81.96%, which is greater than TSNIX's maximum drawdown of -46.22%. Use the drawdown chart below to compare losses from any high point for FDCPX and TSNIX.

Drawdown Indicators

	FDCPX	TSNIX	Difference
Max Drawdown Largest peak-to-trough decline	-81.96%	-46.22%	-35.74%
Max Drawdown (1Y) Largest decline over 1 year	-11.49%	-17.97%	+6.48%
Max Drawdown (3Y) Largest decline over 3 years	-23.59%	-31.04%	+7.45%
Max Drawdown (5Y) Largest decline over 5 years	-35.29%	-46.22%	+10.93%
Max Drawdown (10Y) Largest decline over 10 years	-35.29%	-46.22%	+10.93%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-26.09%	-8.68%	-17.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	4.96%	-2.17%

Volatility

FDCPX vs. TSNIX - Volatility Comparison

The current volatility for Fidelity Select Tech Hardware Portfolio (FDCPX) is 13.85%, while T. Rowe Price Science & Technology Fund I Class (TSNIX) has a volatility of 15.42%. This indicates that FDCPX experiences smaller price fluctuations and is considered to be less risky than TSNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDCPX	TSNIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.85%	15.42%	-1.57%
Volatility (6M) Calculated over the trailing 6-month period	22.89%	23.97%	-1.08%
Volatility (1Y) Calculated over the trailing 1-year period	26.65%	27.78%	-1.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.15%	28.55%	-5.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.24%	25.23%	-2.99%

FDCPX vs. TSNIX - Expense Ratio Comparison

Both FDCPX and TSNIX have an expense ratio of 0.67%.

Dividends

FDCPX vs. TSNIX - Dividend Comparison

FDCPX's dividend yield for the trailing twelve months is around 5.53%, less than TSNIX's 8.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDCPX Fidelity Select Tech Hardware Portfolio	5.53%	14.38%	7.58%	0.51%	17.72%	16.95%	8.81%	12.15%	23.69%	10.50%	6.57%	4.53%
TSNIX T. Rowe Price Science & Technology Fund I Class	8.04%	11.66%	9.62%	0.00%	7.82%	33.71%	14.00%	11.91%	36.28%	13.35%	3.82%	0.00%

Frequently Asked Questions

Can I hold both FDCPX and TSNIX in my portfolio?

FDCPX and TSNIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDCPX or TSNIX?

TSNIX has higher volatility (15.42%) compared to FDCPX (13.85%). In terms of maximum drawdown, FDCPX dropped -81.96% vs TSNIX's -46.22%.

Which has better risk-adjusted returns?

FDCPX currently has the higher Sharpe Ratio (5.88 vs 3.16), 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.