FSCSX vs. CMGIX
FSCSX (Fidelity Select Software & IT Services Portfolio) and CMGIX (BlackRock Mid-Cap Growth Equity Portfolio) are both mutual funds - FSCSX is a Technology Equities fund actively managed by Fidelity, while CMGIX is a Mid Cap Growth Equities fund managed by BlackRock. Over the past 10 years, FSCSX returned 16.32%/yr vs 11.98%/yr for CMGIX. Their correlation of 0.84 means they have usually moved in the same direction. FSCSX charges 0.67%/yr vs 0.80%/yr for CMGIX.
Performance
FSCSX vs. CMGIX - Performance Comparison
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Returns By Period
In the year-to-date period, FSCSX achieves a -6.42% return, which is significantly lower than CMGIX's 7.37% return. Over the past 10 years, FSCSX has outperformed CMGIX with an annualized return of 16.32%, while CMGIX has yielded a comparatively lower 11.98% annualized 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%
CMGIX
- 1D
- 0.42%
- 1M
- -4.85%
- 6M
- 6.51%
- YTD
- 7.37%
- 1Y
- 5.34%
- 3Y*
- 8.81%
- 5Y*
- -0.19%
- 10Y*
- 11.98%
- ALL TIME*
- 9.65%
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 |
FSCSX vs. CMGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSCSX Fidelity Select Software & IT Services Portfolio | -6.42% | 6.96% | 19.66% | 51.72% | -29.13% | 18.13% | 45.55% | 38.99% | 4.08% | 38.60% |
CMGIX BlackRock Mid-Cap Growth Equity Portfolio | 7.37% | 0.49% | 12.44% | 28.24% | -37.36% | 14.51% | 46.13% | 36.19% | 2.88% | 34.59% |
Correlation
The correlation between FSCSX and CMGIX is 0.51, 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. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 1996 | 0.84 |
Over the past year, the correlation between FSCSX and CMGIX has dropped to 0.51 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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Return for Risk
FSCSX vs. CMGIX — Risk / Return Rank
FSCSX
CMGIX
FSCSX vs. CMGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Software & IT Services Portfolio (FSCSX) and BlackRock Mid-Cap Growth Equity Portfolio (CMGIX). 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 | CMGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.04 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 0.25 | -0.50 |
| Martin ratioReturn relative to average drawdown | -0.51 | 0.72 | -1.24 |
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Drawdowns
FSCSX vs. CMGIX - Drawdown Comparison
The maximum FSCSX drawdown since its inception was -64.66%, smaller than the maximum CMGIX drawdown of -73.85%. Use the drawdown chart below to compare losses from any high point for FSCSX and CMGIX.
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Drawdown Indicators
| FSCSX | CMGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.66% | -73.85% | +9.19% |
Max Drawdown (1Y)Largest decline over 1 year | -34.24% | -14.90% | -19.34% |
Max Drawdown (3Y)Largest decline over 3 years | -34.24% | -29.77% | -4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -37.06% | -45.96% | +8.90% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | -45.96% | +8.90% |
Current DrawdownCurrent decline from peak | -11.77% | -8.95% | -2.82% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -28.54% | +15.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.66% | 5.08% | +11.58% |
Volatility
FSCSX vs. CMGIX - Volatility Comparison
Fidelity Select Software & IT Services Portfolio (FSCSX) has a higher volatility of 7.36% compared to BlackRock Mid-Cap Growth Equity Portfolio (CMGIX) at 6.43%. This indicates that FSCSX's price experiences larger fluctuations and is considered to be riskier than CMGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSCSX | CMGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.36% | 6.43% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 25.36% | 18.55% | +6.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.68% | 22.76% | +6.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.84% | 25.36% | +1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.76% | 23.56% | +1.20% |
FSCSX vs. CMGIX - Expense Ratio Comparison
FSCSX has a 0.67% expense ratio, which is lower than CMGIX's 0.80% expense ratio.
Dividends
FSCSX vs. CMGIX - Dividend Comparison
FSCSX's dividend yield for the trailing twelve months is around 21.47%, less than CMGIX's 33.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMGIX BlackRock Mid-Cap Growth Equity Portfolio | 33.39% | 21.20% | 0.00% | 0.00% | 0.00% | 4.94% | 0.00% | 0.39% | 4.72% | 3.31% | 0.00% | 2.57% |
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
FSCSX and CMGIX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCSX has higher volatility (7.36%) compared to CMGIX (6.43%). In terms of maximum drawdown, FSCSX dropped -64.66% vs CMGIX's -73.85%.
CMGIX currently has the higher Sharpe Ratio (0.16 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.
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