FDLSX vs. RYLIX

Last updated Jul 17, 2026

FDLSX (Fidelity Select Leisure Portfolio) and RYLIX (Rydex Leisure Fund) are both Consumer Discretionary Equities funds. Over the past 10 years, FDLSX returned 10.94%/yr vs 6.68%/yr for RYLIX. Their correlation of 0.90 suggests significant overlap in exposure. FDLSX charges 0.74%/yr vs 1.39%/yr for RYLIX.

Performance

FDLSX vs. RYLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Leisure Portfolio (FDLSX) and Rydex Leisure Fund (RYLIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDLSX achieves a -2.80% return, which is significantly higher than RYLIX's -3.08% return. Over the past 10 years, FDLSX has outperformed RYLIX with an annualized return of 10.94%, while RYLIX has yielded a comparatively lower 6.68% annualized return.

FDLSX

• 1D: 0.18%
• 1M: -0.85%
• 6M: -4.20%
• YTD: -2.80%
• 1Y: -19.18%
• 3Y*: 5.46%
• 5Y*: 6.49%
• 10Y*: 10.94%

RYLIX

• 1D: 0.84%
• 1M: -0.74%
• 6M: -4.79%
• YTD: -3.08%
• 1Y: -5.72%
• 3Y*: 7.74%
• 5Y*: 1.00%
• 10Y*: 6.68%

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

FDLSX vs. RYLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDLSX Fidelity Select Leisure Portfolio	-2.80%	-5.30%	20.17%	30.14%	-15.27%	21.66%	18.59%	28.78%	-7.65%	29.09%
RYLIX Rydex Leisure Fund	-3.08%	8.99%	17.03%	22.86%	-26.98%	0.91%	21.26%	29.89%	-13.22%	20.52%

Correlation

The correlation between FDLSX and RYLIX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999	0.90

The correlation between FDLSX and RYLIX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

FDLSX vs. RYLIX — Risk / Return Rank

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

FDLSX

FDLSX Risk / Return Rank: 1
FDLSX Sharpe Ratio Rank: 1
FDLSX Sortino Ratio Rank: 1
FDLSX Omega Ratio Rank: 1
FDLSX Calmar Ratio Rank: 1
FDLSX Martin Ratio Rank: 1

RYLIX

RYLIX Risk / Return Rank: 1
RYLIX Sharpe Ratio Rank: 1
RYLIX Sortino Ratio Rank: 1
RYLIX Omega Ratio Rank: 2
RYLIX Calmar Ratio Rank: 1
RYLIX Martin Ratio Rank: 1

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.

FDLSX vs. RYLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Leisure Portfolio (FDLSX) and Rydex Leisure Fund (RYLIX). 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	RYLIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	-0.38	-0.51
Sortino ratio: Return per unit of downside risk	-1.10	-0.44	-0.67
Omega ratio: Gain probability vs. loss probability	0.86	0.95	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.68	-0.39	-0.30
Martin ratio: Return relative to average drawdown	-1.12	-0.79	-0.33

FDLSX vs. RYLIX - Sharpe Ratio Comparison

The current FDLSX Sharpe Ratio is -0.89, which is lower than the RYLIX Sharpe Ratio of -0.38. The chart below compares the historical Sharpe Ratios of FDLSX and RYLIX, 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

FDLSX vs. RYLIX - Drawdown Comparison

The maximum FDLSX drawdown since its inception was -51.58%, smaller than the maximum RYLIX drawdown of -68.20%. Use the drawdown chart below to compare losses from any high point for FDLSX and RYLIX.

Drawdown Indicators

	FDLSX	RYLIX	Difference
Max Drawdown Largest peak-to-trough decline	-51.58%	-68.20%	+16.62%
Max Drawdown (1Y) Largest decline over 1 year	-28.30%	-14.04%	-14.26%
Max Drawdown (3Y) Largest decline over 3 years	-28.33%	-19.18%	-9.15%
Max Drawdown (5Y) Largest decline over 5 years	-28.33%	-38.33%	+10.00%
Max Drawdown (10Y) Largest decline over 10 years	-48.44%	-42.27%	-6.17%
Current Drawdown Current decline from peak	-20.34%	-7.59%	-12.75%
Average Drawdown Average peak-to-trough decline	-8.96%	-16.34%	+7.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.18%	6.84%	+10.34%

Volatility

FDLSX vs. RYLIX - Volatility Comparison

Fidelity Select Leisure Portfolio (FDLSX) has a higher volatility of 5.64% compared to Rydex Leisure Fund (RYLIX) at 4.87%. This indicates that FDLSX's price experiences larger fluctuations and is considered to be riskier than RYLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDLSX	RYLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.64%	4.87%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	15.29%	11.30%	+3.99%
Volatility (1Y) Calculated over the trailing 1-year period	21.83%	14.50%	+7.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.63%	19.95%	+1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.35%	20.05%	+2.30%

FDLSX vs. RYLIX - Expense Ratio Comparison

FDLSX has a 0.74% expense ratio, which is lower than RYLIX's 1.39% expense ratio.

Dividends

FDLSX vs. RYLIX - Dividend Comparison

FDLSX's dividend yield for the trailing twelve months is around 5.31%, more than RYLIX's 0.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDLSX Fidelity Select Leisure Portfolio	5.31%	9.12%	7.41%	1.64%	3.32%	22.77%	2.36%	6.43%	19.76%	6.33%	1.01%	5.42%
RYLIX Rydex Leisure Fund	0.06%	0.06%	0.43%	0.06%	0.00%	6.14%	0.00%	0.24%	8.04%	6.23%	0.49%	0.72%

Frequently Asked Questions

Can I hold both FDLSX and RYLIX in my portfolio?

With a correlation of 0.90, FDLSX and RYLIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FDLSX or RYLIX?

FDLSX has higher volatility (5.64%) compared to RYLIX (4.87%). In terms of maximum drawdown, FDLSX dropped -51.58% vs RYLIX's -68.20%.

Which has better risk-adjusted returns?

RYLIX currently has the higher Sharpe Ratio (-0.38 vs -0.89), 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.