FSCSX vs. FXAIX
FSCSX (Fidelity Select Software & IT Services Portfolio) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - FSCSX is a Technology Equities fund actively managed by Fidelity, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. FSCSX is actively managed, while FXAIX is passively managed. Over the past 10 years, FSCSX returned 16.04%/yr vs 15.00%/yr for FXAIX. Their correlation of 0.83 means they have usually moved in the same direction. FSCSX charges 0.67%/yr vs 0.02%/yr for FXAIX.
Performance
FSCSX vs. FXAIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FSCSX achieves a -7.94% return, which is significantly lower than FXAIX's 9.35% return. Over the past 10 years, FSCSX has outperformed FXAIX with an annualized return of 16.04%, while FXAIX has yielded a comparatively lower 15.00% 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%
FXAIX
- 1D
- 1.66%
- 1M
- -0.56%
- 6M
- 7.79%
- YTD
- 9.35%
- 1Y
- 20.63%
- 3Y*
- 19.03%
- 5Y*
- 12.68%
- 10Y*
- 15.00%
- ALL TIME*
- 13.89%
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. FXAIX - 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% |
FXAIX Fidelity 500 Index Fund | 9.35% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Correlation
The correlation between FSCSX and FXAIX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 4, 2011 | 0.83 |
Over the past year, the correlation between FSCSX and FXAIX has dropped to 0.51 - well below their long-term average of 0.83, 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. FXAIX — Risk / Return Rank
FSCSX
FXAIX
FSCSX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Software & IT Services Portfolio (FSCSX) and Fidelity 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.26 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 2.06 | -2.37 |
| Martin ratioReturn relative to average drawdown | -0.63 | 8.86 | -9.50 |
Loading charts...
Drawdowns
FSCSX vs. FXAIX - Drawdown Comparison
The maximum FSCSX drawdown since its inception was -64.66%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FSCSX and FXAIX.
Loading charts...
Drawdown Indicators
| FSCSX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.66% | -33.79% | -30.87% |
Max Drawdown (1Y)Largest decline over 1 year | -34.24% | -8.89% | -25.35% |
Max Drawdown (3Y)Largest decline over 3 years | -34.24% | -18.76% | -15.48% |
Max Drawdown (5Y)Largest decline over 5 years | -37.06% | -24.50% | -12.56% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | -33.79% | -3.27% |
Current DrawdownCurrent decline from peak | -13.20% | -2.11% | -11.09% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -3.77% | -9.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.66% | 2.07% | +14.59% |
Volatility
FSCSX vs. FXAIX - Volatility Comparison
Fidelity Select Software & IT Services Portfolio (FSCSX) has a higher volatility of 7.60% compared to Fidelity 500 Index Fund (FXAIX) at 3.44%. This indicates that FSCSX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FSCSX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.60% | 3.44% | +4.16% |
Volatility (6M)Calculated over the trailing 6-month period | 26.29% | 10.09% | +16.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.64% | 12.86% | +16.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.84% | 17.03% | +9.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.75% | 18.07% | +6.68% |
FSCSX vs. FXAIX - Expense Ratio Comparison
FSCSX has a 0.67% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Dividends
FSCSX vs. FXAIX - Dividend Comparison
FSCSX's dividend yield for the trailing twelve months is around 21.82%, more than FXAIX's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FXAIX Fidelity 500 Index Fund | 1.07% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Frequently Asked Questions
FSCSX and FXAIX have a correlation of 0.51, 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 FXAIX (3.44%). In terms of maximum drawdown, FSCSX dropped -64.66% vs FXAIX's -33.79%.
FXAIX currently has the higher Sharpe Ratio (1.43 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 FXAIX
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