FSCSX vs. DVN
FSCSX (Fidelity Select Software & IT Services Portfolio) is Technology Equities fund actively managed by Fidelity, while DVN (Devon Energy Corporation) is a stock. Over the past 10 years, FSCSX returned 16.09%/yr vs 6.14%/yr for DVN. At a 0.27 correlation, their price movements are largely independent.
Performance
FSCSX vs. DVN - Performance Comparison
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Returns By Period
In the year-to-date period, FSCSX achieves a -13.54% return, which is significantly lower than DVN's 24.34% return. Over the past 10 years, FSCSX has outperformed DVN with an annualized return of 16.09%, while DVN has yielded a comparatively lower 6.14% annualized return.
FSCSX
- 1D
- -0.35%
- 1M
- 2.79%
- YTD
- -13.54%
- 6M
- -13.86%
- 1Y
- -10.77%
- 3Y*
- 9.63%
- 5Y*
- 5.10%
- 10Y*
- 16.09%
DVN
- 1D
- 1.57%
- 1M
- -3.39%
- YTD
- 24.34%
- 6M
- 22.17%
- 1Y
- 35.40%
- 3Y*
- -0.45%
- 5Y*
- 14.12%
- 10Y*
- 6.14%
FSCSX vs. DVN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSCSX Fidelity Select Software & IT Services Portfolio | -13.54% | 6.96% | 19.66% | 51.72% | -29.13% | 18.13% | 45.55% | 38.99% | 4.08% | 38.60% |
DVN Devon Energy Corporation | 24.34% | 15.03% | -25.21% | -23.08% | 50.86% | 199.88% | -35.34% | 16.81% | -45.09% | -8.74% |
Correlation
The correlation between FSCSX and DVN is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 1992 | 0.27 |
The correlation between FSCSX and DVN shifts across timeframes, from -0.06 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSCSX vs. DVN — Risk / Return Rank
FSCSX
DVN
FSCSX vs. DVN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Software & IT Services Portfolio (FSCSX) and Devon Energy Corporation (DVN). 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 | DVN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.19 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 2.31 | -2.67 |
| Martin ratioReturn relative to average drawdown | -0.78 | 5.17 | -5.96 |
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Drawdowns
FSCSX vs. DVN - Drawdown Comparison
The maximum FSCSX drawdown since its inception was -64.66%, smaller than the maximum DVN drawdown of -94.93%. Use the drawdown chart below to compare losses from any high point for FSCSX and DVN.
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Drawdown Indicators
| FSCSX | DVN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.66% | -94.93% | +30.27% |
Max Drawdown (1Y)Largest decline over 1 year | -34.24% | -15.36% | -18.88% |
Max Drawdown (3Y)Largest decline over 3 years | -34.24% | -49.22% | +14.98% |
Max Drawdown (5Y)Largest decline over 5 years | -37.06% | -61.45% | +24.39% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | -88.51% | +51.45% |
Current DrawdownCurrent decline from peak | -18.48% | -42.02% | +23.54% |
Average DrawdownAverage peak-to-trough decline | -13.22% | -35.93% | +22.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.37% | 6.86% | +8.51% |
Volatility
FSCSX vs. DVN - Volatility Comparison
Fidelity Select Software & IT Services Portfolio (FSCSX) and Devon Energy Corporation (DVN) have volatilities of 12.57% and 12.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSCSX | DVN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.57% | 12.66% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 25.44% | 26.63% | -1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.43% | 34.17% | -5.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.51% | 41.13% | -14.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.63% | 49.62% | -24.99% |
Dividends
FSCSX vs. DVN - Dividend Comparison
FSCSX's dividend yield for the trailing twelve months is around 23.23%, more than DVN's 2.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVN Devon Energy Corporation | 1.59% | 2.62% | 4.43% | 4.55% | 8.41% | 5.24% | 4.30% | 1.35% | 1.33% | 0.58% | 0.92% | 3.00% |
FSCSX Fidelity Select Software & IT Services Portfolio | 23.23% | 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 DVN have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVN has higher volatility (12.66%) compared to FSCSX (12.57%). In terms of maximum drawdown, FSCSX dropped -64.66% vs DVN's -94.93%.
DVN currently has the higher Sharpe Ratio (1.04 vs -0.42), 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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