FIDRX vs. XLI

Last updated Jun 5, 2026

FIDRX (Fidelity Select Industrials Portfolio) and XLI (Industrial Select Sector SPDR Fund) are both Industrials Equities funds. FIDRX is actively managed, while XLI is passively managed. With a 0.97 correlation, they move nearly in lockstep. FIDRX charges 0.68%/yr vs 0.08%/yr for XLI.

Performance

FIDRX vs. XLI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Industrials Portfolio (FIDRX) and Industrial Select Sector SPDR Fund (XLI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIDRX

• 1D: 0.09%
• 1M: 0.51%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLI

• 1D: 1.21%
• 1M: 2.18%
• YTD: 13.88%
• 6M: 14.35%
• 1Y: 24.14%
• 3Y*: 22.49%
• 5Y*: 12.53%
• 10Y*: 14.02%

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

FIDRX vs. XLI - Yearly Performance Comparison

	2026 (YTD)
FIDRX Fidelity Select Industrials Portfolio	6.66%
XLI Industrial Select Sector SPDR Fund	6.38%

Correlation

The correlation between FIDRX and XLI is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 17, 2026	0.97

Return for Risk

FIDRX vs. XLI — Risk / Return Rank

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

XLI

XLI Risk / Return Rank: 45
XLI Sharpe Ratio Rank: 46
XLI Sortino Ratio Rank: 47
XLI Omega Ratio Rank: 44
XLI Calmar Ratio Rank: 41
XLI Martin Ratio Rank: 48

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.

FIDRX vs. XLI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Industrials Portfolio (FIDRX) and Industrial Select Sector SPDR Fund (XLI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FIDRX	XLI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.57	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.72	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.45	0.46	+0.99

Drawdowns

FIDRX vs. XLI - Drawdown Comparison

The maximum FIDRX drawdown since its inception was -6.17%, smaller than the maximum XLI drawdown of -62.26%. Use the drawdown chart below to compare losses from any high point for FIDRX and XLI.

Drawdown Indicators

	FIDRX	XLI	Difference
Max Drawdown Largest peak-to-trough decline	-6.17%	-62.26%	+56.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.49%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.33%	—
Current Drawdown Current decline from peak	-2.36%	-1.25%	-1.11%
Average Drawdown Average peak-to-trough decline	-1.84%	-9.20%	+7.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.07%	—

Volatility

Volatility by Period

	FIDRX	XLI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.97%	15.40%	+8.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.97%	17.43%	+6.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.97%	19.98%	+3.99%

FIDRX vs. XLI - Expense Ratio Comparison

FIDRX has a 0.68% expense ratio, which is higher than XLI's 0.08% expense ratio.

Dividends

FIDRX vs. XLI - Dividend Comparison

FIDRX has not paid dividends to shareholders, while XLI's dividend yield for the trailing twelve months is around 1.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIDRX Fidelity Select Industrials Portfolio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLI Industrial Select Sector SPDR Fund	1.16%	1.29%	1.44%	1.63%	1.63%	1.25%	1.55%	1.94%	2.15%	1.77%	2.07%	2.15%

Frequently Asked Questions

Can I hold both FIDRX and XLI in my portfolio?

With a correlation of 0.97, FIDRX and XLI 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.