FSCSX vs. ARKVX

Last updated Aug 4, 2026

FSCSX (Fidelity Select Software & IT Services Portfolio) and ARKVX (ARK Venture Fund) are both Technology Equities funds. Both are actively managed. Over the past 3 years, FSCSX returned 10.41%/yr vs 30.50%/yr for ARKVX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. FSCSX charges 0.67%/yr vs 3.50%/yr for ARKVX.

Performance

FSCSX vs. ARKVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Software & IT Services Portfolio (FSCSX) and ARK Venture Fund (ARKVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSCSX achieves a -6.42% return, which is significantly lower than ARKVX's 19.13% return.

FSCSX

• 1D: 1.65%
• 1M: 5.07%
• 6M: 10.18%
• YTD: -6.42%
• 1Y: -5.96%
• 3Y*: 10.41%
• 5Y*: 5.53%
• 10Y*: 16.32%
• ALL TIME*: 15.58%

ARKVX

• 1D: 0.00%
• 1M: -5.42%
• 6M: 16.58%
• YTD: 19.13%
• 1Y: 63.56%
• 3Y*: 30.50%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 34.16%

*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)
ARKVX ARK Venture Fund	$0.00	$0.00	$0.00
FSCSX Fidelity Select Software & IT Services Portfolio	$0.00	$0.00	$0.00

FSCSX vs. ARKVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FSCSX Fidelity Select Software & IT Services Portfolio	-6.42%	6.96%	19.66%	51.72%	6.43%
ARKVX ARK Venture Fund	19.13%	55.68%	6.69%	61.25%	-6.24%

Correlation

The correlation between FSCSX and ARKVX is 0.30, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.30
Correlation (3Y) Balances recent behavior with more history.	0.48
Correlation (All Time) Calculated using the full available price history since Nov 7, 2022	0.53

Over the past year, the correlation between FSCSX and ARKVX has dropped to 0.30 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

Return for Risk

FSCSX vs. ARKVX — Risk / Return Rank

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

FSCSX

FSCSX Risk / Return Rank: 2
FSCSX Sharpe Ratio Rank: 2
FSCSX Sortino Ratio Rank: 2
FSCSX Omega Ratio Rank: 2
FSCSX Calmar Ratio Rank: 2
FSCSX Martin Ratio Rank: 2

ARKVX

ARKVX Risk / Return Rank: 98
ARKVX Sharpe Ratio Rank: 99
ARKVX Sortino Ratio Rank: 99
ARKVX Omega Ratio Rank: 98
ARKVX Calmar Ratio Rank: 99
ARKVX Martin Ratio Rank: 98

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.

FSCSX vs. ARKVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Software & IT Services Portfolio (FSCSX) and ARK Venture Fund (ARKVX). 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.

	FSCSX	ARKVX	Difference
Sharpe ratio: Return per unit of total volatility	-0.29	3.41	-3.70
Sortino ratio: Return per unit of downside risk	-0.21	7.76	-7.97
Omega ratio: Gain probability vs. loss probability	0.97	1.99	-1.01
Calmar ratio: Return relative to maximum drawdown	-0.25	8.18	-8.43
Martin ratio: Return relative to average drawdown	-0.51	25.20	-25.71

FSCSX vs. ARKVX - Sharpe Ratio Comparison

The current FSCSX Sharpe Ratio is -0.29, which is lower than the ARKVX Sharpe Ratio of 3.41. The chart below compares the historical Sharpe Ratios of FSCSX and ARKVX, 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

FSCSX vs. ARKVX - Drawdown Comparison

The maximum FSCSX drawdown since its inception was -64.66%, which is greater than ARKVX's maximum drawdown of -19.10%. Use the drawdown chart below to compare losses from any high point for FSCSX and ARKVX.

Drawdown Indicators

	FSCSX	ARKVX	Difference
Max Drawdown Largest peak-to-trough decline	-64.66%	-19.10%	-45.56%
Max Drawdown (1Y) Largest decline over 1 year	-34.24%	-8.14%	-26.10%
Max Drawdown (3Y) Largest decline over 3 years	-34.24%	-15.02%	-19.22%
Max Drawdown (5Y) Largest decline over 5 years	-37.06%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.06%	—	—
Current Drawdown Current decline from peak	-11.77%	-5.98%	-5.79%
Average Drawdown Average peak-to-trough decline	-13.24%	-4.14%	-9.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.66%	2.59%	+14.07%

Volatility

FSCSX vs. ARKVX - Volatility Comparison

Fidelity Select Software & IT Services Portfolio (FSCSX) has a higher volatility of 7.36% compared to ARK Venture Fund (ARKVX) at 3.73%. This indicates that FSCSX's price experiences larger fluctuations and is considered to be riskier than ARKVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSCSX	ARKVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.36%	3.73%	+3.63%
Volatility (6M) Calculated over the trailing 6-month period	25.36%	10.83%	+14.53%
Volatility (1Y) Calculated over the trailing 1-year period	29.68%	19.90%	+9.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.84%	18.72%	+8.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.76%	18.72%	+6.04%

FSCSX vs. ARKVX - Expense Ratio Comparison

FSCSX has a 0.67% expense ratio, which is lower than ARKVX's 3.50% expense ratio.

Dividends

FSCSX vs. ARKVX - Dividend Comparison

FSCSX's dividend yield for the trailing twelve months is around 21.47%, while ARKVX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARKVX ARK Venture Fund	0.00%	0.00%	0.32%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FSCSX Fidelity Select Software & IT Services Portfolio	21.47%	15.40%	19.17%	7.72%	9.06%	6.54%	5.10%	12.70%	6.20%	7.15%	3.98%	5.22%

Frequently Asked Questions

Can I hold both FSCSX and ARKVX in my portfolio?

FSCSX and ARKVX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSCSX or ARKVX?

FSCSX has higher volatility (7.36%) compared to ARKVX (3.73%). In terms of maximum drawdown, FSCSX dropped -64.66% vs ARKVX's -19.10%.

Which has better risk-adjusted returns?

ARKVX currently has the higher Sharpe Ratio (3.41 vs -0.29), 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.