FDTX vs. FSCSX

Last updated Jun 5, 2026

FDTX (Fidelity Disruptive Technology ETF) and FSCSX (Fidelity Select Software & IT Services Portfolio) are both Technology Equities funds from Fidelity. Over the past year, FDTX returned 58.85% vs -3.54% for FSCSX. A 0.80 correlation means they provide meaningful diversification when combined. FDTX charges 0.50%/yr vs 0.67%/yr for FSCSX.

Performance

FDTX vs. FSCSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Technology ETF (FDTX) and Fidelity Select Software & IT Services Portfolio (FSCSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDTX achieves a 41.92% return, which is significantly higher than FSCSX's -5.81% return.

FDTX

• 1D: -0.33%
• 1M: 20.99%
• YTD: 41.92%
• 6M: 41.67%
• 1Y: 58.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSCSX

• 1D: -4.24%
• 1M: 13.03%
• YTD: -5.81%
• 6M: -5.72%
• 1Y: -3.54%
• 3Y*: 13.09%
• 5Y*: 7.41%
• 10Y*: 16.94%

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

FDTX vs. FSCSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FDTX Fidelity Disruptive Technology ETF	41.92%	15.25%	23.99%	11.73%
FSCSX Fidelity Select Software & IT Services Portfolio	-5.81%	6.96%	19.66%	19.06%

Correlation

The correlation between FDTX and FSCSX is 0.67, 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	0.67
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023	0.80

The correlation between FDTX and FSCSX shifts across timeframes, from 0.67 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FDTX vs. FSCSX — Risk / Return Rank

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

FDTX

FDTX Risk / Return Rank: 66
FDTX Sharpe Ratio Rank: 76
FDTX Sortino Ratio Rank: 68
FDTX Omega Ratio Rank: 66
FDTX Calmar Ratio Rank: 62
FDTX Martin Ratio Rank: 56

FSCSX

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

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.

FDTX vs. FSCSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Technology ETF (FDTX) and Fidelity Select Software & IT Services Portfolio (FSCSX). 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.

	FDTX	FSCSX	Difference
Sharpe ratio: Return per unit of total volatility	2.42	-0.12	+2.54
Sortino ratio: Return per unit of downside risk	3.07	0.03	+3.04
Omega ratio: Gain probability vs. loss probability	1.39	1.00	+0.39
Calmar ratio: Return relative to maximum drawdown	3.05	-0.10	+3.15
Martin ratio: Return relative to average drawdown	9.66	-0.22	+9.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDTX vs. FSCSX - Sharpe Ratio Comparison

The current FDTX Sharpe Ratio is 2.42, which is higher than the FSCSX Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of FDTX and FSCSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDTX	FSCSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	-0.12	+2.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.28	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	0.61	+0.64

Drawdowns

FDTX vs. FSCSX - Drawdown Comparison

The maximum FDTX drawdown since its inception was -27.23%, smaller than the maximum FSCSX drawdown of -64.66%. Use the drawdown chart below to compare losses from any high point for FDTX and FSCSX.

Drawdown Indicators

	FDTX	FSCSX	Difference
Max Drawdown Largest peak-to-trough decline	-27.23%	-64.66%	+37.43%
Max Drawdown (1Y) Largest decline over 1 year	-19.38%	-34.24%	+14.86%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.06%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.06%	—
Current Drawdown Current decline from peak	-0.88%	-11.19%	+10.31%
Average Drawdown Average peak-to-trough decline	-5.51%	-13.22%	+7.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.11%	15.18%	-9.07%

Volatility

FDTX vs. FSCSX - Volatility Comparison

The current volatility for Fidelity Disruptive Technology ETF (FDTX) is 8.56%, while Fidelity Select Software & IT Services Portfolio (FSCSX) has a volatility of 12.17%. This indicates that FDTX experiences smaller price fluctuations and is considered to be less risky than FSCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDTX	FSCSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.56%	12.17%	-3.61%
Volatility (6M) Calculated over the trailing 6-month period	19.47%	25.15%	-5.68%
Volatility (1Y) Calculated over the trailing 1-year period	24.45%	28.09%	-3.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.50%	26.44%	-0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.50%	24.60%	+0.90%

FDTX vs. FSCSX - Expense Ratio Comparison

FDTX has a 0.50% expense ratio, which is lower than FSCSX's 0.67% expense ratio.

Dividends

FDTX vs. FSCSX - Dividend Comparison

FDTX has not paid dividends to shareholders, while FSCSX's dividend yield for the trailing twelve months is around 21.33%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDTX Fidelity Disruptive Technology ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FSCSX Fidelity Select Software & IT Services Portfolio	21.33%	15.40%	19.17%	7.72%	9.06%	6.54%	5.10%	12.70%	6.20%	7.15%	3.98%	5.22%

Frequently Asked Questions

Can I hold both FDTX and FSCSX in my portfolio?

FDTX and FSCSX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDTX or FSCSX?

FSCSX has higher volatility (12.17%) compared to FDTX (8.56%). In terms of maximum drawdown, FDTX dropped -27.23% vs FSCSX's -64.66%.

Which has better risk-adjusted returns?

FDTX currently has the higher Sharpe Ratio (2.42 vs -0.12), 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.