FSCSX vs. FTEC
Compare and contrast key facts about Fidelity Select Software & IT Services Portfolio (FSCSX) and Fidelity MSCI Information Technology Index ETF (FTEC).
FSCSX is managed by Fidelity. It was launched on Jul 29, 1985. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSCSX or FTEC.
Key characteristics
| FSCSX | FTEC | |
|---|---|---|
| YTD Return | -0.79% | 18.20% |
| 1Y Return | 11.96% | 32.56% |
| 3Y Return (Ann) | 2.18% | 11.81% |
| 5Y Return (Ann) | 14.82% | 22.47% |
| 10Y Return (Ann) | 16.80% | 19.98% |
| Sharpe Ratio | 0.67 | 1.61 |
| Daily Std Dev | 18.36% | 20.87% |
| Max Drawdown | -58.41% | -34.95% |
| Current Drawdown | -8.12% | -6.15% |
Correlation
The correlation between FSCSX and FTEC is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FSCSX vs. FTEC - Performance Comparison
In the year-to-date period, FSCSX achieves a -0.79% return, which is significantly lower than FTEC's 18.20% return. Over the past 10 years, FSCSX has underperformed FTEC with an annualized return of 16.80%, while FTEC has yielded a comparatively higher 19.98% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSCSX vs. FTEC - Expense Ratio Comparison
FSCSX has a 0.67% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
FSCSX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Software & IT Services Portfolio (FSCSX) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.
Dividends
FSCSX vs. FTEC - Dividend Comparison
FSCSX's dividend yield for the trailing twelve months is around 9.78%, more than FTEC's 0.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCSX Fidelity Select Software & IT Services Portfolio | 9.78% | 7.72% | 9.06% | 6.54% | 5.10% | 12.70% | 6.20% | 7.15% | 3.98% | 5.22% | 10.43% | 4.72% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.53% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
FSCSX vs. FTEC - Drawdown Comparison
The maximum FSCSX drawdown since its inception was -58.41%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FSCSX and FTEC. For additional features, visit the drawdowns tool.
Volatility
FSCSX vs. FTEC - Volatility Comparison
The current volatility for Fidelity Select Software & IT Services Portfolio (FSCSX) is 4.67%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 7.71%. This indicates that FSCSX experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.