FSCSX vs. FBIOX
FSCSX (Fidelity Select Software & IT Services Portfolio) and FBIOX (Fidelity Select Biotechnology Portfolio) are both mutual funds - FSCSX is a Technology Equities fund actively managed by Fidelity, while FBIOX is a Health & Biotech Equities fund actively managed by Fidelity. Both are actively managed. Over the past 10 years, FSCSX returned 16.04%/yr vs 10.77%/yr for FBIOX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. FSCSX charges 0.67%/yr vs 0.62%/yr for FBIOX.
Performance
FSCSX vs. FBIOX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FSCSX achieves a -7.94% return, which is significantly lower than FBIOX's 19.61% return. Over the past 10 years, FSCSX has outperformed FBIOX with an annualized return of 16.04%, while FBIOX has yielded a comparatively lower 10.77% 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%
FBIOX
- 1D
- 0.87%
- 1M
- -2.34%
- 6M
- 17.88%
- YTD
- 19.61%
- 1Y
- 56.46%
- 3Y*
- 22.74%
- 5Y*
- 8.42%
- 10Y*
- 10.77%
- ALL TIME*
- 12.90%
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. FBIOX - 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% |
FBIOX Fidelity Select Biotechnology Portfolio | 19.61% | 36.38% | 7.26% | 10.09% | -15.87% | -12.26% | 38.62% | 36.12% | -10.92% | 27.87% |
Correlation
The correlation between FSCSX and FBIOX is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 1985 | 0.60 |
Over the past year, the correlation between FSCSX and FBIOX has dropped to 0.09 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FSCSX vs. FBIOX — Risk / Return Rank
FSCSX
FBIOX
FSCSX vs. FBIOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Software & IT Services Portfolio (FSCSX) and Fidelity Select Biotechnology Portfolio (FBIOX). 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 | FBIOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.08 | ||
| Sortino ratioReturn per unit of downside risk | -3.90 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.43 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 7.69 | -8.00 |
| Martin ratioReturn relative to average drawdown | -0.63 | 21.50 | -22.13 |
Loading charts...
Drawdowns
FSCSX vs. FBIOX - Drawdown Comparison
The maximum FSCSX drawdown since its inception was -64.66%, smaller than the maximum FBIOX drawdown of -71.98%. Use the drawdown chart below to compare losses from any high point for FSCSX and FBIOX.
Loading charts...
Drawdown Indicators
| FSCSX | FBIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.66% | -71.98% | +7.32% |
Max Drawdown (1Y)Largest decline over 1 year | -34.24% | -7.62% | -26.62% |
Max Drawdown (3Y)Largest decline over 3 years | -34.24% | -27.83% | -6.41% |
Max Drawdown (5Y)Largest decline over 5 years | -37.06% | -44.87% | +7.81% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | -48.66% | +11.60% |
Current DrawdownCurrent decline from peak | -13.20% | -3.58% | -9.62% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -23.55% | +10.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.66% | 2.72% | +13.94% |
Volatility
FSCSX vs. FBIOX - Volatility Comparison
Fidelity Select Software & IT Services Portfolio (FSCSX) has a higher volatility of 7.60% compared to Fidelity Select Biotechnology Portfolio (FBIOX) at 6.44%. This indicates that FSCSX's price experiences larger fluctuations and is considered to be riskier than FBIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FSCSX | FBIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.60% | 6.44% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 26.29% | 16.90% | +9.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.64% | 21.49% | +8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.84% | 25.11% | +1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.75% | 26.16% | -1.41% |
FSCSX vs. FBIOX - Expense Ratio Comparison
FSCSX has a 0.67% expense ratio, which is higher than FBIOX's 0.62% expense ratio.
Dividends
FSCSX vs. FBIOX - Dividend Comparison
FSCSX's dividend yield for the trailing twelve months is around 21.82%, more than FBIOX's 5.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBIOX Fidelity Select Biotechnology Portfolio | 5.62% | 2.47% | 1.21% | 0.45% | 0.00% | 14.48% | 19.46% | 8.89% | 11.18% | 1.41% | 3.42% | 6.71% |
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
FSCSX and FBIOX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCSX has higher volatility (7.60%) compared to FBIOX (6.44%). In terms of maximum drawdown, FSCSX dropped -64.66% vs FBIOX's -71.98%.
FBIOX currently has the higher Sharpe Ratio (2.73 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.
Find the right allocation for FSCSX and FBIOX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer