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FSAVX vs. FSKAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FSAVX vs. FSKAX - Performance Comparison

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

-10.00%-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
4.77%
11.33%
FSAVX
FSKAX

Returns By Period

In the year-to-date period, FSAVX achieves a 3.97% return, which is significantly lower than FSKAX's 23.69% return. Over the past 10 years, FSAVX has underperformed FSKAX with an annualized return of 3.44%, while FSKAX has yielded a comparatively higher 12.32% annualized return.


FSAVX

YTD

3.97%

1M

3.44%

6M

3.84%

1Y

9.97%

5Y (annualized)

8.72%

10Y (annualized)

3.44%

FSKAX

YTD

23.69%

1M

0.53%

6M

11.48%

1Y

32.12%

5Y (annualized)

14.65%

10Y (annualized)

12.32%

Key characteristics


FSAVXFSKAX
Sharpe Ratio0.532.57
Sortino Ratio0.853.44
Omega Ratio1.101.47
Calmar Ratio0.333.77
Martin Ratio1.4816.47
Ulcer Index6.56%1.97%
Daily Std Dev18.37%12.62%
Max Drawdown-81.17%-35.01%
Current Drawdown-19.31%-2.41%

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FSAVX vs. FSKAX - Expense Ratio Comparison

FSAVX has a 0.88% expense ratio, which is higher than FSKAX's 0.02% expense ratio.


FSAVX
Fidelity Select Automotive Portfolio
Expense ratio chart for FSAVX: current value at 0.88% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.88%
Expense ratio chart for FSKAX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Correlation

-0.50.00.51.00.8

The correlation between FSAVX and FSKAX 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.

Risk-Adjusted Performance

FSAVX vs. FSKAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Automotive Portfolio (FSAVX) and Fidelity Total Market Index Fund (FSKAX). 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.


Sharpe ratio
The chart of Sharpe ratio for FSAVX, currently valued at 0.53, compared to the broader market0.002.004.000.532.57
The chart of Sortino ratio for FSAVX, currently valued at 0.85, compared to the broader market0.005.0010.000.853.44
The chart of Omega ratio for FSAVX, currently valued at 1.10, compared to the broader market1.002.003.004.001.101.47
The chart of Calmar ratio for FSAVX, currently valued at 0.33, compared to the broader market0.005.0010.0015.0020.0025.000.333.77
The chart of Martin ratio for FSAVX, currently valued at 1.48, compared to the broader market0.0020.0040.0060.0080.00100.001.4816.47
FSAVX
FSKAX

The current FSAVX Sharpe Ratio is 0.53, which is lower than the FSKAX Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of FSAVX and FSKAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
0.53
2.57
FSAVX
FSKAX

Dividends

FSAVX vs. FSKAX - Dividend Comparison

FSAVX's dividend yield for the trailing twelve months is around 0.80%, less than FSKAX's 1.17% yield.


TTM20232022202120202019201820172016201520142013
FSAVX
Fidelity Select Automotive Portfolio
0.80%0.86%0.71%0.45%0.02%1.34%1.29%0.53%1.47%7.10%26.08%1.83%
FSKAX
Fidelity Total Market Index Fund
1.17%1.41%1.62%1.15%1.45%1.80%2.06%1.66%1.82%1.96%1.63%1.54%

Drawdowns

FSAVX vs. FSKAX - Drawdown Comparison

The maximum FSAVX drawdown since its inception was -81.17%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FSAVX and FSKAX. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-19.31%
-2.41%
FSAVX
FSKAX

Volatility

FSAVX vs. FSKAX - Volatility Comparison

Fidelity Select Automotive Portfolio (FSAVX) has a higher volatility of 6.05% compared to Fidelity Total Market Index Fund (FSKAX) at 4.27%. This indicates that FSAVX's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
6.05%
4.27%
FSAVX
FSKAX