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.
Key characteristics
| FIDSX | SPY | |
|---|---|---|
| YTD Return | 35.78% | 26.01% |
| 1Y Return | 51.73% | 33.73% |
| 3Y Return (Ann) | 11.27% | 9.91% |
| 5Y Return (Ann) | 14.84% | 15.54% |
| 10Y Return (Ann) | 11.83% | 13.25% |
| Sharpe Ratio | 3.18 | 2.82 |
| Sortino Ratio | 4.51 | 3.76 |
| Omega Ratio | 1.58 | 1.53 |
| Calmar Ratio | 3.96 | 4.05 |
| Martin Ratio | 22.45 | 18.33 |
| Ulcer Index | 2.34% | 1.86% |
| Daily Std Dev | 16.52% | 12.07% |
| Max Drawdown | -73.84% | -55.19% |
| Current Drawdown | -1.29% | -0.90% |
Correlation
The correlation between FIDSX and SPY is 0.80, 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.
Performance
FIDSX vs. SPY - Performance Comparison
In the year-to-date period, FIDSX achieves a 35.78% return, which is significantly higher than SPY's 26.01% return. Over the past 10 years, FIDSX has underperformed SPY with an annualized return of 11.83%, while SPY has yielded a comparatively higher 13.25% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
FIDSX vs. SPY - Dividend Comparison
FIDSX's dividend yield for the trailing twelve months is around 1.56%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIDSX Fidelity Select Financial Services Portfolio | 1.56% | 2.08% | 2.17% | 1.97% | 2.04% | 1.45% | 1.61% | 0.63% | 1.00% | 0.92% | 1.00% | 0.91% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FIDSX vs. SPY - Drawdown Comparison
The maximum FIDSX drawdown since its inception was -73.84%, 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. For additional features, visit the drawdowns tool.
Volatility
FIDSX vs. SPY - Volatility Comparison
Fidelity Select Financial Services Portfolio (FIDSX) has a higher volatility of 8.76% compared to SPDR S&P 500 ETF (SPY) at 3.84%. 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.