Correlation
The correlation between FIDSX and SPY is 0.81, 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.
FIDSX vs. SPY
Compare and contrast key facts about Fidelity Select Financial Services Portfolio (FIDSX) and SPDR S&P 500 ETF (SPY).
FIDSX is managed by Blackrock. It was launched on Dec 10, 1981. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIDSX or SPY.
Performance
FIDSX vs. SPY - Performance Comparison
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Key characteristics
FIDSX:
1.16
SPY:
0.70
FIDSX:
1.65
SPY:
1.02
FIDSX:
1.24
SPY:
1.15
FIDSX:
1.35
SPY:
0.68
FIDSX:
4.95
SPY:
2.57
FIDSX:
5.29%
SPY:
4.93%
FIDSX:
22.98%
SPY:
20.42%
FIDSX:
-74.17%
SPY:
-55.19%
FIDSX:
-3.73%
SPY:
-3.55%
Returns By Period
In the year-to-date period, FIDSX achieves a 3.30% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, FIDSX has underperformed SPY with an annualized return of 11.48%, while SPY has yielded a comparatively higher 12.73% annualized return.
FIDSX
3.30%
6.42%
-2.64%
26.57%
15.22%
20.81%
11.48%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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FIDSX vs. SPY - Expense Ratio Comparison
FIDSX has a 0.73% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FIDSX vs. SPY — Risk-Adjusted Performance Rank
FIDSX
SPY
FIDSX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Financial Services Portfolio (FIDSX) and SPDR S&P 500 ETF (SPY). 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
FIDSX vs. SPY - Dividend Comparison
FIDSX's dividend yield for the trailing twelve months is around 7.24%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIDSX Fidelity Select Financial Services Portfolio | 7.24% | 6.03% | 3.01% | 11.32% | 4.12% | 5.86% | 5.57% | 13.10% | 4.26% | 1.00% | 1.63% | 1.86% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FIDSX vs. SPY - Drawdown Comparison
The maximum FIDSX drawdown since its inception was -74.17%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FIDSX and SPY.
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Volatility
FIDSX vs. SPY - Volatility Comparison
Fidelity Select Financial Services Portfolio (FIDSX) has a higher volatility of 5.53% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that FIDSX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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