FIDSX vs. SFPAX
FIDSX (Fidelity Select Financial Services Portfolio) and SFPAX (Saratoga Financial Service Fund) are both Financials Equities funds from BlackRock. Over the past 10 years, FIDSX returned 13.79%/yr vs 9.04%/yr for SFPAX. Their correlation of 0.95 suggests significant overlap in exposure. FIDSX charges 0.73%/yr vs 3.81%/yr for SFPAX.
Performance
FIDSX vs. SFPAX - Performance Comparison
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Returns By Period
Over the past 10 years, FIDSX has outperformed SFPAX with an annualized return of 13.79%, while SFPAX has yielded a comparatively lower 9.04% annualized return.
FIDSX
- 1D
- 0.94%
- 1M
- 5.48%
- 6M
- 7.72%
- YTD
- 8.80%
- 1Y
- 10.04%
- 3Y*
- 22.03%
- 5Y*
- 12.43%
- 10Y*
- 13.79%
SFPAX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 1.29%
- 3Y*
- 15.10%
- 5Y*
- 6.22%
- 10Y*
- 9.04%
FIDSX vs. SFPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIDSX Fidelity Select Financial Services Portfolio | 8.80% | 9.33% | 32.82% | 14.53% | -8.19% | 33.13% | 1.22% | 34.25% | -16.13% | 20.92% |
SFPAX Saratoga Financial Service Fund | 0.00% | 7.00% | 26.05% | 10.58% | -14.36% | 31.17% | -5.81% | 29.63% | -19.23% | 19.28% |
Correlation
The correlation between FIDSX and SFPAX is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.95 |
Over the past year, the correlation between FIDSX and SFPAX has dropped to 0.50 - well below their long-term average of 0.95, suggesting their price drivers have been diverging.
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Return for Risk
FIDSX vs. SFPAX — Risk / Return Rank
FIDSX
SFPAX
FIDSX vs. SFPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Financial Services Portfolio (FIDSX) and Saratoga Financial Service Fund (SFPAX). 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.
| FIDSX | SFPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.98 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | -0.21 | +0.87 |
| Martin ratioReturn relative to average drawdown | 1.58 | -0.42 | +2.00 |
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Drawdowns
FIDSX vs. SFPAX - Drawdown Comparison
The maximum FIDSX drawdown since its inception was -74.26%, roughly equal to the maximum SFPAX drawdown of -71.98%. Use the drawdown chart below to compare losses from any high point for FIDSX and SFPAX.
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Drawdown Indicators
| FIDSX | SFPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.26% | -71.98% | -2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -16.60% | -4.86% | -11.74% |
Max Drawdown (3Y)Largest decline over 3 years | -19.44% | -17.92% | -1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -27.51% | +3.02% |
Max Drawdown (10Y)Largest decline over 10 years | -45.48% | -45.64% | +0.16% |
Current DrawdownCurrent decline from peak | 0.00% | -2.65% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -13.92% | -20.91% | +6.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.87% | 2.32% | +4.55% |
Volatility
FIDSX vs. SFPAX - Volatility Comparison
Fidelity Select Financial Services Portfolio (FIDSX) has a higher volatility of 4.01% compared to Saratoga Financial Service Fund (SFPAX) at 0.00%. This indicates that FIDSX's price experiences larger fluctuations and is considered to be riskier than SFPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIDSX | SFPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 0.00% | +4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.33% | 1.96% | +10.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.18% | 9.20% | +7.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.73% | 18.73% | +2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.64% | 22.51% | +1.13% |
FIDSX vs. SFPAX - Expense Ratio Comparison
FIDSX has a 0.73% expense ratio, which is lower than SFPAX's 3.81% expense ratio.
Dividends
FIDSX vs. SFPAX - Dividend Comparison
FIDSX's dividend yield for the trailing twelve months is around 1.33%, while SFPAX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIDSX Fidelity Select Financial Services Portfolio | 1.33% | 1.70% | 6.03% | 3.01% | 11.32% | 4.12% | 5.86% | 5.57% | 12.89% | 4.22% | 1.00% | 0.70% |
SFPAX Saratoga Financial Service Fund | 0.00% | 0.00% | 5.91% | 5.05% | 5.71% | 5.03% | 4.18% | 7.10% | 22.58% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FIDSX and SFPAX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIDSX has higher volatility (4.01%) compared to SFPAX (0.00%). In terms of maximum drawdown, FIDSX dropped -74.26% vs SFPAX's -71.98%.
FIDSX currently has the higher Sharpe Ratio (0.64 vs -0.11), 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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