FSCSX vs. FCBFX
FSCSX (Fidelity Select Software & IT Services Portfolio) and FCBFX (Fidelity Corporate Bond Fund) are both mutual funds - FSCSX is a Technology Equities fund actively managed by Fidelity, while FCBFX is a Corporate Bonds fund managed by Fidelity. Over the past 10 years, FSCSX returned 16.11%/yr vs 2.46%/yr for FCBFX. At a correlation of -0.06, they often move in opposite directions. FSCSX charges 0.67%/yr vs 0.44%/yr for FCBFX.
Performance
FSCSX vs. FCBFX - Performance Comparison
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Returns By Period
In the year-to-date period, FSCSX achieves a -11.28% return, which is significantly lower than FCBFX's -0.04% return. Over the past 10 years, FSCSX has outperformed FCBFX with an annualized return of 16.11%, while FCBFX has yielded a comparatively lower 2.46% annualized return.
FSCSX
- 1D
- -1.68%
- 1M
- 3.08%
- 6M
- -10.28%
- YTD
- -11.28%
- 1Y
- -9.76%
- 3Y*
- 9.68%
- 5Y*
- 4.63%
- 10Y*
- 16.11%
FCBFX
- 1D
- -0.09%
- 1M
- -0.49%
- 6M
- -0.04%
- YTD
- -0.04%
- 1Y
- 4.32%
- 3Y*
- 5.58%
- 5Y*
- -0.07%
- 10Y*
- 2.46%
FSCSX vs. FCBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSCSX Fidelity Select Software & IT Services Portfolio | -11.28% | 6.96% | 19.66% | 51.72% | -29.13% | 18.13% | 45.55% | 38.99% | 4.08% | 38.60% |
FCBFX Fidelity Corporate Bond Fund | -0.04% | 7.86% | 2.82% | 8.82% | -17.11% | -1.59% | 10.59% | 14.48% | -2.56% | 6.83% |
Correlation
The correlation between FSCSX and FCBFX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 5, 2010 | -0.06 |
The correlation between FSCSX and FCBFX shifts across timeframes, from -0.06 (all time) to 0.16 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FSCSX vs. FCBFX — Risk / Return Rank
FSCSX
FCBFX
FSCSX vs. FCBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Software & IT Services Portfolio (FSCSX) and Fidelity Corporate Bond Fund (FCBFX). 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 | FCBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.16 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 1.16 | -1.49 |
| Martin ratioReturn relative to average drawdown | -0.70 | 3.60 | -4.29 |
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Drawdowns
FSCSX vs. FCBFX - Drawdown Comparison
The maximum FSCSX drawdown since its inception was -64.66%, which is greater than FCBFX's maximum drawdown of -23.23%. Use the drawdown chart below to compare losses from any high point for FSCSX and FCBFX.
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Drawdown Indicators
| FSCSX | FCBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.66% | -23.23% | -41.43% |
Max Drawdown (1Y)Largest decline over 1 year | -34.24% | -3.31% | -30.93% |
Max Drawdown (3Y)Largest decline over 3 years | -34.24% | -6.57% | -27.67% |
Max Drawdown (5Y)Largest decline over 5 years | -37.06% | -23.21% | -13.85% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | -23.23% | -13.83% |
Current DrawdownCurrent decline from peak | -16.35% | -1.61% | -14.74% |
Average DrawdownAverage peak-to-trough decline | -13.23% | -3.96% | -9.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.21% | 1.07% | +15.14% |
Volatility
FSCSX vs. FCBFX - Volatility Comparison
Fidelity Select Software & IT Services Portfolio (FSCSX) has a higher volatility of 7.99% compared to Fidelity Corporate Bond Fund (FCBFX) at 1.22%. This indicates that FSCSX's price experiences larger fluctuations and is considered to be riskier than FCBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSCSX | FCBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | 1.22% | +6.77% |
Volatility (6M)Calculated over the trailing 6-month period | 26.06% | 3.26% | +22.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.11% | 4.19% | +24.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.70% | 6.69% | +20.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.68% | 5.96% | +18.72% |
FSCSX vs. FCBFX - Expense Ratio Comparison
FSCSX has a 0.67% expense ratio, which is higher than FCBFX's 0.44% expense ratio.
Dividends
FSCSX vs. FCBFX - Dividend Comparison
FSCSX's dividend yield for the trailing twelve months is around 22.64%, more than FCBFX's 4.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBFX Fidelity Corporate Bond Fund | 4.29% | 4.11% | 3.95% | 3.74% | 2.53% | 2.82% | 3.19% | 3.28% | 3.65% | 3.16% | 3.55% | 3.01% |
FSCSX Fidelity Select Software & IT Services Portfolio | 22.64% | 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 FCBFX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCSX has higher volatility (7.99%) compared to FCBFX (1.22%). In terms of maximum drawdown, FSCSX dropped -64.66% vs FCBFX's -23.23%.
FCBFX currently has the higher Sharpe Ratio (0.92 vs -0.39), 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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