FSCSX vs. FBGRX

Last updated Aug 1, 2026

FSCSX (Fidelity Select Software & IT Services Portfolio) and FBGRX (Fidelity Blue Chip Growth Fund) are both mutual funds - FSCSX is a Technology Equities fund actively managed by Fidelity, while FBGRX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, FSCSX returned 16.04%/yr vs 20.56%/yr for FBGRX. Their correlation of 0.83 means they have usually moved in the same direction. FSCSX charges 0.67%/yr vs 0.79%/yr for FBGRX.

Performance

FSCSX vs. FBGRX - Performance Comparison

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

Returns By Period

In the year-to-date period, FSCSX achieves a -7.94% return, which is significantly lower than FBGRX's 10.15% return. Over the past 10 years, FSCSX has underperformed FBGRX with an annualized return of 16.04%, while FBGRX has yielded a comparatively higher 20.56% annualized return.

FSCSX

• 1D: 4.54%
• 1M: 3.36%
• 6M: 7.49%
• YTD: -7.94%
• 1Y: -7.49%
• 3Y*: 9.84%
• 5Y*: 5.19%
• 10Y*: 16.04%
• ALL TIME*: 15.54%

FBGRX

• 1D: 3.14%
• 1M: -4.18%
• 6M: 10.25%
• YTD: 10.15%
• 1Y: 24.18%
• 3Y*: 25.20%
• 5Y*: 13.50%
• 10Y*: 20.56%
• ALL TIME*: 13.47%

*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)
FBGRX Fidelity Blue Chip Growth Fund	$0.00	$0.00	$0.00
FSCSX Fidelity Select Software & IT Services Portfolio	$0.00	$0.00	$0.00

FSCSX vs. FBGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSCSX Fidelity Select Software & IT Services Portfolio	-7.94%	6.96%	19.66%	51.72%	-29.13%	18.13%	45.55%	38.99%	4.08%	38.60%
FBGRX Fidelity Blue Chip Growth Fund	10.15%	19.91%	39.77%	55.61%	-38.45%	22.64%	62.20%	33.43%	1.02%	36.01%

Correlation

The correlation between FSCSX and FBGRX is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.48
Correlation (3Y) Balances recent behavior with more history.	0.67
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (10Y) Provides a long-term view across more market conditions.	0.84
Correlation (All Time) Calculated using the full available price history since Dec 31, 1987	0.83

Over the past year, the correlation between FSCSX and FBGRX has dropped to 0.48 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

Return for Risk

FSCSX vs. FBGRX — 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

FBGRX

FBGRX Risk / Return Rank: 40
FBGRX Sharpe Ratio Rank: 37
FBGRX Sortino Ratio Rank: 36
FBGRX Omega Ratio Rank: 35
FBGRX Calmar Ratio Rank: 47
FBGRX Martin Ratio Rank: 45

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. FBGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Software & IT Services Portfolio (FSCSX) and Fidelity Blue Chip Growth Fund (FBGRX). 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	FBGRX	Difference
Sharpe ratio: Return per unit of total volatility	-0.36	1.09	-1.45
Sortino ratio: Return per unit of downside risk	-0.32	1.58	-1.90
Omega ratio: Gain probability vs. loss probability	0.96	1.19	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.31	1.73	-2.04
Martin ratio: Return relative to average drawdown	-0.63	6.19	-6.82

FSCSX vs. FBGRX - Sharpe Ratio Comparison

The current FSCSX Sharpe Ratio is -0.36, which is lower than the FBGRX Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of FSCSX and FBGRX, 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. FBGRX - Drawdown Comparison

The maximum FSCSX drawdown since its inception was -64.66%, which is greater than FBGRX's maximum drawdown of -58.64%. Use the drawdown chart below to compare losses from any high point for FSCSX and FBGRX.

Drawdown Indicators

	FSCSX	FBGRX	Difference
Max Drawdown Largest peak-to-trough decline	-64.66%	-58.64%	-6.02%
Max Drawdown (1Y) Largest decline over 1 year	-34.24%	-12.65%	-21.59%
Max Drawdown (3Y) Largest decline over 3 years	-34.24%	-27.07%	-7.17%
Max Drawdown (5Y) Largest decline over 5 years	-37.06%	-43.08%	+6.02%
Max Drawdown (10Y) Largest decline over 10 years	-37.06%	-43.08%	+6.02%
Current Drawdown Current decline from peak	-13.20%	-7.79%	-5.41%
Average Drawdown Average peak-to-trough decline	-13.24%	-12.49%	-0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.66%	3.54%	+13.12%

Volatility

FSCSX vs. FBGRX - Volatility Comparison

Fidelity Select Software & IT Services Portfolio (FSCSX) has a higher volatility of 7.60% compared to Fidelity Blue Chip Growth Fund (FBGRX) at 6.56%. This indicates that FSCSX's price experiences larger fluctuations and is considered to be riskier than FBGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSCSX	FBGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.60%	6.56%	+1.04%
Volatility (6M) Calculated over the trailing 6-month period	26.29%	16.09%	+10.20%
Volatility (1Y) Calculated over the trailing 1-year period	29.64%	20.05%	+9.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.84%	25.24%	+1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.75%	23.83%	+0.92%

FSCSX vs. FBGRX - Expense Ratio Comparison

FSCSX has a 0.67% expense ratio, which is lower than FBGRX's 0.79% expense ratio.

Dividends

FSCSX vs. FBGRX - Dividend Comparison

FSCSX's dividend yield for the trailing twelve months is around 21.82%, more than FBGRX's 1.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBGRX Fidelity Blue Chip Growth Fund	1.72%	1.90%	5.95%	0.93%	0.57%	8.73%	6.40%	3.70%	6.32%	4.23%	4.05%	5.30%
FSCSX Fidelity Select Software & IT Services Portfolio	21.82%	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 FBGRX in my portfolio?

FSCSX and FBGRX have a correlation of 0.48, 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 FBGRX?

FSCSX has higher volatility (7.60%) compared to FBGRX (6.56%). In terms of maximum drawdown, FSCSX dropped -64.66% vs FBGRX's -58.64%.

Which has better risk-adjusted returns?

FBGRX currently has the higher Sharpe Ratio (1.09 vs -0.36), 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.