FSAVX vs. FSKAX
FSAVX (Fidelity Select Automotive Portfolio) and FSKAX (Fidelity Total Market Index Fund) are both mutual funds - FSAVX is a Consumer Discretionary Equities fund managed by Fidelity, while FSKAX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 10 years, FSAVX returned 10.40%/yr vs 14.44%/yr for FSKAX. Their correlation of 0.80 means they have usually moved in the same direction. FSAVX charges 0.88%/yr vs 0.01%/yr for FSKAX.
Performance
FSAVX vs. FSKAX - Performance Comparison
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Returns By Period
In the year-to-date period, FSAVX achieves a -3.73% return, which is significantly lower than FSKAX's 9.87% return. Over the past 10 years, FSAVX has underperformed FSKAX with an annualized return of 10.40%, while FSKAX has yielded a comparatively higher 14.44% annualized return.
FSAVX
- 1D
- -1.34%
- 1M
- 1.69%
- 6M
- -6.62%
- YTD
- -3.73%
- 1Y
- 0.46%
- 3Y*
- 2.31%
- 5Y*
- 0.03%
- 10Y*
- 10.40%
- ALL TIME*
- 8.70%
FSKAX
- 1D
- 1.63%
- 1M
- -0.80%
- 6M
- 8.19%
- YTD
- 9.87%
- 1Y
- 20.99%
- 3Y*
- 18.61%
- 5Y*
- 11.63%
- 10Y*
- 14.44%
- ALL TIME*
- 14.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSAVX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSAVX Fidelity Select Automotive Portfolio | -3.73% | 8.01% | 6.15% | 32.55% | -37.45% | 28.99% | 63.22% | 28.87% | -13.78% | 24.00% |
FSKAX Fidelity Total Market Index Fund | 9.87% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Correlation
The correlation between FSAVX and FSKAX is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2011 | 0.80 |
The correlation between FSAVX and FSKAX has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.
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Return for Risk
FSAVX vs. FSKAX — Risk / Return Rank
FSAVX
FSKAX
FSAVX vs. FSKAX - Risk-Adjusted Trends 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.
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 | FSKAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.25 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 2.09 | -2.14 |
| Martin ratioReturn relative to average drawdown | -0.11 | 8.96 | -9.07 |
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Drawdowns
FSAVX vs. FSKAX - Drawdown Comparison
The maximum FSAVX drawdown since its inception was -81.27%, 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.
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Drawdown Indicators
| FSAVX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.27% | -35.01% | -46.26% |
Max Drawdown (1Y)Largest decline over 1 year | -19.11% | -8.92% | -10.19% |
Max Drawdown (3Y)Largest decline over 3 years | -19.11% | -19.43% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -41.86% | -25.39% | -16.47% |
Max Drawdown (10Y)Largest decline over 10 years | -43.28% | -35.01% | -8.27% |
Current DrawdownCurrent decline from peak | -13.12% | -1.97% | -11.15% |
Average DrawdownAverage peak-to-trough decline | -13.37% | -3.99% | -9.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.62% | 2.08% | +7.54% |
Volatility
FSAVX vs. FSKAX - Volatility Comparison
Fidelity Select Automotive Portfolio (FSAVX) has a higher volatility of 6.49% compared to Fidelity Total Market Index Fund (FSKAX) at 3.43%. 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.
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Volatility by Period
| FSAVX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 3.43% | +3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 15.28% | 10.33% | +4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.97% | 13.21% | +7.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.87% | 17.52% | +6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.92% | 18.45% | +5.47% |
FSAVX vs. FSKAX - Expense Ratio Comparison
FSAVX has a 0.88% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Dividends
FSAVX vs. FSKAX - Dividend Comparison
FSAVX's dividend yield for the trailing twelve months is around 5.89%, more than FSKAX's 0.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSAVX Fidelity Select Automotive Portfolio | 5.89% | 0.00% | 0.85% | 0.86% | 2.61% | 2.58% | 8.57% | 4.08% | 7.97% | 15.51% | 7.13% | 16.06% |
FSKAX Fidelity Total Market Index Fund | 0.95% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Frequently Asked Questions
FSAVX and FSKAX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSAVX has higher volatility (6.49%) compared to FSKAX (3.43%). In terms of maximum drawdown, FSAVX dropped -81.27% vs FSKAX's -35.01%.
FSKAX currently has the higher Sharpe Ratio (1.41 vs -0.05), 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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