Correlation
The correlation between FGRTX and FSPCX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
FGRTX vs. FSPCX
Compare and contrast key facts about Fidelity Mega Cap Stock Fund (FGRTX) and Fidelity Select Insurance Portfolio (FSPCX).
FGRTX is managed by Fidelity. It was launched on Dec 28, 1998. FSPCX is managed by Fidelity. It was launched on Dec 16, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGRTX or FSPCX.
Performance
FGRTX vs. FSPCX - Performance Comparison
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Key characteristics
FGRTX:
0.72
FSPCX:
0.95
FGRTX:
1.03
FSPCX:
1.25
FGRTX:
1.16
FSPCX:
1.17
FGRTX:
0.69
FSPCX:
1.38
FGRTX:
2.73
FSPCX:
3.93
FGRTX:
4.69%
FSPCX:
4.02%
FGRTX:
19.57%
FSPCX:
18.70%
FGRTX:
-56.84%
FSPCX:
-69.25%
FGRTX:
-2.86%
FSPCX:
-3.30%
Returns By Period
In the year-to-date period, FGRTX achieves a 3.31% return, which is significantly lower than FSPCX's 5.02% return. Both investments have delivered pretty close results over the past 10 years, with FGRTX having a 12.88% annualized return and FSPCX not far ahead at 13.09%.
FGRTX
3.31%
6.77%
1.20%
13.09%
18.35%
20.50%
12.88%
FSPCX
5.02%
4.00%
-1.55%
16.59%
18.91%
22.54%
13.09%
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FGRTX vs. FSPCX - Expense Ratio Comparison
FGRTX has a 0.61% expense ratio, which is lower than FSPCX's 0.78% expense ratio.
Risk-Adjusted Performance
FGRTX vs. FSPCX — Risk-Adjusted Performance Rank
FGRTX
FSPCX
FGRTX vs. FSPCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mega Cap Stock Fund (FGRTX) and Fidelity Select Insurance Portfolio (FSPCX). 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.
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Dividends
FGRTX vs. FSPCX - Dividend Comparison
FGRTX's dividend yield for the trailing twelve months is around 2.59%, less than FSPCX's 5.98% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGRTX Fidelity Mega Cap Stock Fund | 2.59% | 2.68% | 2.06% | 4.38% | 4.80% | 9.09% | 12.98% | 21.72% | 16.27% | 1.97% | 4.16% | 4.13% |
FSPCX Fidelity Select Insurance Portfolio | 5.98% | 8.72% | 8.48% | 0.74% | 8.40% | 8.80% | 6.90% | 33.30% | 12.52% | 2.81% | 3.11% | 10.81% |
Drawdowns
FGRTX vs. FSPCX - Drawdown Comparison
The maximum FGRTX drawdown since its inception was -56.84%, smaller than the maximum FSPCX drawdown of -69.25%. Use the drawdown chart below to compare losses from any high point for FGRTX and FSPCX.
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Volatility
FGRTX vs. FSPCX - Volatility Comparison
The current volatility for Fidelity Mega Cap Stock Fund (FGRTX) is 3.91%, while Fidelity Select Insurance Portfolio (FSPCX) has a volatility of 4.59%. This indicates that FGRTX experiences smaller price fluctuations and is considered to be less risky than FSPCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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