FSAVX vs. FDLSX

Last updated Jun 24, 2026

FSAVX (Fidelity Select Automotive Portfolio) and FDLSX (Fidelity Select Leisure Portfolio) are both Consumer Discretionary Equities funds from Fidelity. Over the past 10 years, FSAVX returned 11.20%/yr vs 11.38%/yr for FDLSX. A 0.71 correlation means they provide meaningful diversification when combined. FSAVX charges 0.88%/yr vs 0.74%/yr for FDLSX.

Performance

FSAVX vs. FDLSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Automotive Portfolio (FSAVX) and Fidelity Select Leisure Portfolio (FDLSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSAVX achieves a -5.32% return, which is significantly lower than FDLSX's -3.81% return. Both investments have delivered pretty close results over the past 10 years, with FSAVX having a 11.20% annualized return and FDLSX not far ahead at 11.38%.

FSAVX

• 1D: -0.65%
• 1M: -3.00%
• YTD: -5.32%
• 6M: -14.08%
• 1Y: -0.37%
• 3Y*: 5.03%
• 5Y*: 0.05%
• 10Y*: 11.20%

FDLSX

• 1D: -1.46%
• 1M: 6.37%
• YTD: -3.81%
• 6M: -15.18%
• 1Y: -15.60%
• 3Y*: 7.13%
• 5Y*: 5.69%
• 10Y*: 11.38%

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

FSAVX vs. FDLSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSAVX Fidelity Select Automotive Portfolio	-5.32%	8.01%	6.15%	32.55%	-37.45%	28.99%	63.22%	28.87%	-13.78%	24.00%
FDLSX Fidelity Select Leisure Portfolio	-3.81%	-5.30%	20.17%	30.14%	-15.27%	21.66%	18.59%	28.78%	-7.65%	29.09%

Correlation

The correlation between FSAVX and FDLSX is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jun 30, 1986	0.71

The correlation between FSAVX and FDLSX shifts across timeframes, from 0.59 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FSAVX vs. FDLSX — Risk / Return Rank

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

FSAVX

FSAVX Risk / Return Rank: 3
FSAVX Sharpe Ratio Rank: 3
FSAVX Sortino Ratio Rank: 3
FSAVX Omega Ratio Rank: 3
FSAVX Calmar Ratio Rank: 3
FSAVX Martin Ratio Rank: 3

FDLSX

FDLSX Risk / Return Rank: 1
FDLSX Sharpe Ratio Rank: 1
FDLSX Sortino Ratio Rank: 1
FDLSX Omega Ratio Rank: 1
FDLSX Calmar Ratio Rank: 1
FDLSX Martin Ratio Rank: 1

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.

FSAVX vs. FDLSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Automotive Portfolio (FSAVX) and Fidelity Select Leisure Portfolio (FDLSX). 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.

	FSAVX	FDLSX	Difference
Sharpe ratio: Return per unit of total volatility	0.06	-0.69	+0.75
Sortino ratio: Return per unit of downside risk	0.22	-0.81	+1.03
Omega ratio: Gain probability vs. loss probability	1.03	0.89	+0.14
Calmar ratio: Return relative to maximum drawdown	0.06	-0.53	+0.59
Martin ratio: Return relative to average drawdown	0.14	-0.90	+1.04

FSAVX vs. FDLSX - Sharpe Ratio Comparison

The current FSAVX Sharpe Ratio is 0.06, which is higher than the FDLSX Sharpe Ratio of -0.69. The chart below compares the historical Sharpe Ratios of FSAVX and FDLSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FSAVX vs. FDLSX - Drawdown Comparison

The maximum FSAVX drawdown since its inception was -81.27%, which is greater than FDLSX's maximum drawdown of -51.58%. Use the drawdown chart below to compare losses from any high point for FSAVX and FDLSX.

Drawdown Indicators

	FSAVX	FDLSX	Difference
Max Drawdown Largest peak-to-trough decline	-81.27%	-51.58%	-29.69%
Max Drawdown (1Y) Largest decline over 1 year	-19.11%	-28.33%	+9.22%
Max Drawdown (3Y) Largest decline over 3 years	-19.11%	-28.33%	+9.22%
Max Drawdown (5Y) Largest decline over 5 years	-41.86%	-28.33%	-13.53%
Max Drawdown (10Y) Largest decline over 10 years	-43.28%	-48.44%	+5.16%
Current Drawdown Current decline from peak	-14.55%	-21.17%	+6.62%
Average Drawdown Average peak-to-trough decline	-13.37%	-8.95%	-4.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.35%	16.50%	-8.15%

Volatility

FSAVX vs. FDLSX - Volatility Comparison

Fidelity Select Automotive Portfolio (FSAVX) has a higher volatility of 6.31% compared to Fidelity Select Leisure Portfolio (FDLSX) at 5.83%. This indicates that FSAVX's price experiences larger fluctuations and is considered to be riskier than FDLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSAVX	FDLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.31%	5.83%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	17.08%	18.78%	-1.70%
Volatility (1Y) Calculated over the trailing 1-year period	20.73%	21.69%	-0.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.84%	21.59%	+2.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.06%	22.39%	+1.67%

FSAVX vs. FDLSX - Expense Ratio Comparison

FSAVX has a 0.88% expense ratio, which is higher than FDLSX's 0.74% expense ratio.

Dividends

FSAVX vs. FDLSX - Dividend Comparison

FSAVX's dividend yield for the trailing twelve months is around 5.99%, more than FDLSX's 5.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDLSX Fidelity Select Leisure Portfolio	5.37%	9.12%	7.41%	1.64%	3.32%	22.77%	2.36%	6.43%	19.76%	6.33%	1.01%	5.42%
FSAVX Fidelity Select Automotive Portfolio	5.99%	0.00%	0.85%	0.86%	2.61%	2.58%	8.57%	4.08%	7.97%	15.51%	7.13%	16.06%

Frequently Asked Questions

Can I hold both FSAVX and FDLSX in my portfolio?

FSAVX and FDLSX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSAVX or FDLSX?

FSAVX has higher volatility (6.31%) compared to FDLSX (5.83%). In terms of maximum drawdown, FSAVX dropped -81.27% vs FDLSX's -51.58%.

Which has better risk-adjusted returns?

FSAVX currently has the higher Sharpe Ratio (0.06 vs -0.69), 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.