FSCRX vs. FSHCX

Last updated Aug 1, 2026

FSCRX (Fidelity Small Cap Discovery Fund) and FSHCX (Fidelity Select Health Care Services Portfolio) are both mutual funds - FSCRX is a Small Cap Blend Equities fund managed by Fidelity, while FSHCX is a Health & Biotech Equities fund managed by Fidelity. Over the past 10 years, FSCRX returned 9.73%/yr vs 9.63%/yr for FSHCX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. FSCRX charges 0.98%/yr vs 0.71%/yr for FSHCX.

Performance

FSCRX vs. FSHCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Small Cap Discovery Fund (FSCRX) and Fidelity Select Health Care Services Portfolio (FSHCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSCRX achieves a 15.93% return, which is significantly lower than FSHCX's 16.94% return. Both investments have delivered pretty close results over the past 10 years, with FSCRX having a 9.73% annualized return and FSHCX not far behind at 9.63%.

FSCRX

• 1D: 2.33%
• 1M: -1.09%
• 6M: 11.70%
• YTD: 15.93%
• 1Y: 27.16%
• 3Y*: 11.32%
• 5Y*: 7.32%
• 10Y*: 9.73%
• ALL TIME*: 10.42%

FSHCX

• 1D: 0.00%
• 1M: -2.29%
• 6M: 22.13%
• YTD: 16.94%
• 1Y: 42.00%
• 3Y*: 2.68%
• 5Y*: 2.72%
• 10Y*: 9.63%
• ALL TIME*: 11.40%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSCRX Fidelity Small Cap Discovery Fund	$0.00	$0.00	$0.00
FSHCX Fidelity Select Health Care Services Portfolio	$0.00	$0.00	$0.00

FSCRX vs. FSHCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSCRX Fidelity Small Cap Discovery Fund	15.93%	10.89%	2.75%	21.28%	-16.68%	35.66%	6.87%	27.31%	-14.06%	7.71%
FSHCX Fidelity Select Health Care Services Portfolio	16.94%	3.85%	-13.21%	1.52%	0.86%	20.22%	18.58%	19.91%	10.17%	24.46%

Correlation

The correlation between FSCRX and FSHCX is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.37
Correlation (3Y) Balances recent behavior with more history.	0.39
Correlation (5Y) Shows whether the relationship held over a longer period.	0.48
Correlation (10Y) Provides a long-term view across more market conditions.	0.54
Correlation (All Time) Calculated using the full available price history since Sep 26, 2000	0.61

Over the past year, the correlation between FSCRX and FSHCX has dropped to 0.37 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.

Return for Risk

FSCRX vs. FSHCX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FSCRX

FSCRX Risk / Return Rank: 50
FSCRX Sharpe Ratio Rank: 45
FSCRX Sortino Ratio Rank: 50
FSCRX Omega Ratio Rank: 40
FSCRX Calmar Ratio Rank: 63
FSCRX Martin Ratio Rank: 48

FSHCX

FSHCX Risk / Return Rank: 68
FSHCX Sharpe Ratio Rank: 77
FSHCX Sortino Ratio Rank: 69
FSHCX Omega Ratio Rank: 76
FSHCX Calmar Ratio Rank: 65
FSHCX Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FSCRX vs. FSHCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Discovery Fund (FSCRX) and Fidelity Select Health Care Services Portfolio (FSHCX). 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.

	FSCRX	FSHCX	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.75	-0.51
Sortino ratio: Return per unit of downside risk	1.90	2.29	-0.40
Omega ratio: Gain probability vs. loss probability	1.22	1.33	-0.11
Calmar ratio: Return relative to maximum drawdown	2.08	2.09	-0.01
Martin ratio: Return relative to average drawdown	6.63	6.95	-0.32

FSCRX vs. FSHCX - Sharpe Ratio Comparison

The current FSCRX Sharpe Ratio is 1.25, which is comparable to the FSHCX Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of FSCRX and FSHCX, 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

FSCRX vs. FSHCX - Drawdown Comparison

The maximum FSCRX drawdown since its inception was -56.27%, roughly equal to the maximum FSHCX drawdown of -57.81%. Use the drawdown chart below to compare losses from any high point for FSCRX and FSHCX.

Drawdown Indicators

	FSCRX	FSHCX	Difference
Max Drawdown Largest peak-to-trough decline	-56.27%	-57.81%	+1.54%
Max Drawdown (1Y) Largest decline over 1 year	-11.34%	-16.65%	+5.31%
Max Drawdown (3Y) Largest decline over 3 years	-22.51%	-29.52%	+7.01%
Max Drawdown (5Y) Largest decline over 5 years	-25.91%	-29.52%	+3.61%
Max Drawdown (10Y) Largest decline over 10 years	-47.06%	-35.48%	-11.58%
Current Drawdown Current decline from peak	-4.08%	-2.75%	-1.33%
Average Drawdown Average peak-to-trough decline	-7.89%	-11.34%	+3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	5.04%	-1.47%

Volatility

FSCRX vs. FSHCX - Volatility Comparison

The current volatility for Fidelity Small Cap Discovery Fund (FSCRX) is 5.32%, while Fidelity Select Health Care Services Portfolio (FSHCX) has a volatility of 6.23%. This indicates that FSCRX experiences smaller price fluctuations and is considered to be less risky than FSHCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSCRX	FSHCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	6.23%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	14.66%	13.56%	+1.10%
Volatility (1Y) Calculated over the trailing 1-year period	18.99%	19.96%	-0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.34%	19.38%	+0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.72%	21.54%	+0.18%

FSCRX vs. FSHCX - Expense Ratio Comparison

FSCRX has a 0.98% expense ratio, which is higher than FSHCX's 0.71% expense ratio.

Dividends

FSCRX vs. FSHCX - Dividend Comparison

FSCRX's dividend yield for the trailing twelve months is around 13.06%, more than FSHCX's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSCRX Fidelity Small Cap Discovery Fund	13.06%	14.70%	13.03%	4.44%	11.56%	6.12%	2.79%	7.46%	35.48%	13.68%	0.44%	7.28%
FSHCX Fidelity Select Health Care Services Portfolio	0.65%	0.75%	16.63%	0.57%	5.32%	7.09%	0.76%	0.27%	12.92%	13.41%	4.62%	4.06%

Frequently Asked Questions

Can I hold both FSCRX and FSHCX in my portfolio?

FSCRX and FSHCX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSCRX or FSHCX?

FSHCX has higher volatility (6.23%) compared to FSCRX (5.32%). In terms of maximum drawdown, FSCRX dropped -56.27% vs FSHCX's -57.81%.

Which has better risk-adjusted returns?

FSHCX currently has the higher Sharpe Ratio (1.75 vs 1.25), 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.