FDLSX vs. FSHOX
FDLSX (Fidelity Select Leisure Portfolio) and FSHOX (Fidelity Select Construction & Housing Portfolio) are both Consumer Discretionary Equities funds from Fidelity. Over the past 10 years, FDLSX returned 11.26%/yr vs 15.20%/yr for FSHOX. A 0.71 correlation means they provide meaningful diversification when combined. FDLSX charges 0.74%/yr vs 0.76%/yr for FSHOX.
Performance
FDLSX vs. FSHOX - Performance Comparison
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Returns By Period
In the year-to-date period, FDLSX achieves a -2.38% return, which is significantly lower than FSHOX's 9.98% return. Over the past 10 years, FDLSX has underperformed FSHOX with an annualized return of 11.26%, while FSHOX has yielded a comparatively higher 15.20% annualized return.
FDLSX
- 1D
- 1.11%
- 1M
- 7.95%
- YTD
- -2.38%
- 6M
- -14.72%
- 1Y
- -13.58%
- 3Y*
- 6.91%
- 5Y*
- 6.35%
- 10Y*
- 11.26%
FSHOX
- 1D
- 2.00%
- 1M
- 6.25%
- YTD
- 9.98%
- 6M
- 8.88%
- 1Y
- 18.80%
- 3Y*
- 15.43%
- 5Y*
- 11.76%
- 10Y*
- 15.20%
FDLSX vs. FSHOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDLSX Fidelity Select Leisure Portfolio | -2.38% | -5.30% | 20.17% | 30.14% | -15.27% | 21.66% | 18.59% | 28.78% | -7.65% | 29.09% |
FSHOX Fidelity Select Construction & Housing Portfolio | 9.98% | 5.24% | 15.28% | 30.85% | -22.76% | 57.51% | 25.95% | 41.15% | -15.87% | 26.25% |
Correlation
The correlation between FDLSX and FSHOX is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 1986 | 0.71 |
The correlation between FDLSX and FSHOX shifts across timeframes, from 0.57 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FDLSX vs. FSHOX — Risk / Return Rank
FDLSX
FSHOX
FDLSX vs. FSHOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Leisure Portfolio (FDLSX) and Fidelity Select Construction & Housing Portfolio (FSHOX). 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.
| FDLSX | FSHOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.17 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 1.18 | -1.66 |
| Martin ratioReturn relative to average drawdown | -0.81 | 2.99 | -3.80 |
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Drawdowns
FDLSX vs. FSHOX - Drawdown Comparison
The maximum FDLSX drawdown since its inception was -51.58%, smaller than the maximum FSHOX drawdown of -61.68%. Use the drawdown chart below to compare losses from any high point for FDLSX and FSHOX.
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Drawdown Indicators
| FDLSX | FSHOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.58% | -61.68% | +10.10% |
Max Drawdown (1Y)Largest decline over 1 year | -28.33% | -16.54% | -11.79% |
Max Drawdown (3Y)Largest decline over 3 years | -28.33% | -24.76% | -3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -28.33% | -33.23% | +4.90% |
Max Drawdown (10Y)Largest decline over 10 years | -48.44% | -43.67% | -4.77% |
Current DrawdownCurrent decline from peak | -20.00% | -5.16% | -14.84% |
Average DrawdownAverage peak-to-trough decline | -8.95% | -9.84% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.45% | 6.54% | +9.91% |
Volatility
FDLSX vs. FSHOX - Volatility Comparison
The current volatility for Fidelity Select Leisure Portfolio (FDLSX) is 5.76%, while Fidelity Select Construction & Housing Portfolio (FSHOX) has a volatility of 7.09%. This indicates that FDLSX experiences smaller price fluctuations and is considered to be less risky than FSHOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDLSX | FSHOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 7.09% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 18.73% | 16.68% | +2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.61% | 20.60% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 21.85% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.38% | 22.55% | -0.17% |
FDLSX vs. FSHOX - Expense Ratio Comparison
FDLSX has a 0.74% expense ratio, which is lower than FSHOX's 0.76% expense ratio.
Dividends
FDLSX vs. FSHOX - Dividend Comparison
FDLSX's dividend yield for the trailing twelve months is around 5.29%, less than FSHOX's 5.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDLSX Fidelity Select Leisure Portfolio | 5.29% | 9.12% | 7.41% | 1.64% | 3.32% | 22.77% | 2.36% | 6.43% | 19.76% | 6.33% | 1.01% | 5.42% |
FSHOX Fidelity Select Construction & Housing Portfolio | 5.86% | 3.91% | 4.05% | 0.82% | 0.80% | 5.45% | 4.73% | 7.91% | 15.47% | 13.62% | 3.61% | 3.26% |
Frequently Asked Questions
FDLSX and FSHOX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSHOX has higher volatility (7.09%) compared to FDLSX (5.76%). In terms of maximum drawdown, FDLSX dropped -51.58% vs FSHOX's -61.68%.
FSHOX currently has the higher Sharpe Ratio (0.95 vs -0.62), 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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