FSCSX vs. FDCPX
FSCSX (Fidelity Select Software & IT Services Portfolio) and FDCPX (Fidelity Select Tech Hardware Portfolio) are both Technology Equities funds from Fidelity. Both are actively managed. Over the past 10 years, FSCSX returned 16.04%/yr vs 25.77%/yr for FDCPX. Their correlation of 0.82 means they have usually moved in the same direction. Both charge a 0.67% expense ratio.
Performance
FSCSX vs. FDCPX - Performance Comparison
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Returns By Period
In the year-to-date period, FSCSX achieves a -7.94% return, which is significantly lower than FDCPX's 61.12% return. Over the past 10 years, FSCSX has underperformed FDCPX with an annualized return of 16.04%, while FDCPX has yielded a comparatively higher 25.77% 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%
FDCPX
- 1D
- 7.01%
- 1M
- -4.75%
- 6M
- 47.88%
- YTD
- 61.12%
- 1Y
- 99.29%
- 3Y*
- 49.15%
- 5Y*
- 26.56%
- 10Y*
- 25.77%
- ALL TIME*
- 14.76%
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. FDCPX - 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% |
FDCPX Fidelity Select Tech Hardware Portfolio | 61.12% | 54.44% | 22.40% | 33.52% | -28.63% | 23.68% | 46.07% | 40.15% | -6.30% | 32.64% |
Correlation
The correlation between FSCSX and FDCPX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 1985 | 0.82 |
Over the past year, the correlation between FSCSX and FDCPX has dropped to 0.30 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
FSCSX vs. FDCPX — Risk / Return Rank
FSCSX
FDCPX
FSCSX vs. FDCPX - 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 Tech Hardware Portfolio (FDCPX). 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 | FDCPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.36 | ||
| Sortino ratioReturn per unit of downside risk | -3.66 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.46 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 4.32 | -4.63 |
| Martin ratioReturn relative to average drawdown | -0.63 | 18.87 | -19.50 |
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Drawdowns
FSCSX vs. FDCPX - Drawdown Comparison
The maximum FSCSX drawdown since its inception was -64.66%, smaller than the maximum FDCPX drawdown of -81.96%. Use the drawdown chart below to compare losses from any high point for FSCSX and FDCPX.
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Drawdown Indicators
| FSCSX | FDCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.66% | -81.96% | +17.30% |
Max Drawdown (1Y)Largest decline over 1 year | -34.24% | -22.18% | -12.06% |
Max Drawdown (3Y)Largest decline over 3 years | -34.24% | -23.59% | -10.65% |
Max Drawdown (5Y)Largest decline over 5 years | -37.06% | -35.29% | -1.77% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | -35.29% | -1.77% |
Current DrawdownCurrent decline from peak | -13.20% | -16.72% | +3.52% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -26.06% | +12.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.66% | 5.07% | +11.59% |
Volatility
FSCSX vs. FDCPX - Volatility Comparison
The current volatility for Fidelity Select Software & IT Services Portfolio (FSCSX) is 7.60%, while Fidelity Select Tech Hardware Portfolio (FDCPX) has a volatility of 15.24%. This indicates that FSCSX experiences smaller price fluctuations and is considered to be less risky than FDCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSCSX | FDCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.60% | 15.24% | -7.64% |
Volatility (6M)Calculated over the trailing 6-month period | 26.29% | 28.79% | -2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.64% | 31.90% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.84% | 24.39% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.75% | 22.81% | +1.94% |
FSCSX vs. FDCPX - Expense Ratio Comparison
Both FSCSX and FDCPX have an expense ratio of 0.67%.
Dividends
FSCSX vs. FDCPX - Dividend Comparison
FSCSX's dividend yield for the trailing twelve months is around 21.82%, more than FDCPX's 6.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDCPX Fidelity Select Tech Hardware Portfolio | 6.64% | 14.38% | 7.58% | 0.51% | 17.72% | 16.95% | 8.81% | 12.15% | 23.69% | 10.50% | 6.57% | 4.53% |
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 FDCPX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDCPX has higher volatility (15.24%) compared to FSCSX (7.60%). In terms of maximum drawdown, FSCSX dropped -64.66% vs FDCPX's -81.96%.
FDCPX currently has the higher Sharpe Ratio (3.00 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.
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