FSCSX vs. VONG

Last updated Jul 14, 2026

FSCSX (Fidelity Select Software & IT Services Portfolio) and VONG (Vanguard Russell 1000 Growth ETF) are both funds - FSCSX is a Technology Equities fund actively managed by Fidelity, while VONG is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index. FSCSX is actively managed, while VONG is passively managed. Over the past 10 years, FSCSX returned 16.11%/yr vs 17.84%/yr for VONG. Their correlation of 0.88 suggests significant overlap in exposure. FSCSX charges 0.67%/yr vs 0.06%/yr for VONG.

Performance

FSCSX vs. VONG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Software & IT Services Portfolio (FSCSX) and Vanguard Russell 1000 Growth ETF (VONG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSCSX achieves a -11.28% return, which is significantly lower than VONG's 3.05% return. Over the past 10 years, FSCSX has underperformed VONG with an annualized return of 16.11%, while VONG has yielded a comparatively higher 17.84% 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%

VONG

• 1D: -1.90%
• 1M: 0.08%
• 6M: 2.16%
• YTD: 3.05%
• 1Y: 14.30%
• 3Y*: 20.80%
• 5Y*: 12.58%
• 10Y*: 17.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSCSX vs. VONG - 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%
VONG Vanguard Russell 1000 Growth ETF	3.05%	18.45%	33.20%	42.67%	-29.18%	27.60%	38.30%	36.06%	-1.53%	30.05%

Correlation

The correlation between FSCSX and VONG is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010	0.88

Over the past year, the correlation between FSCSX and VONG has dropped to 0.60 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.

Return for Risk

FSCSX vs. VONG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSCSX

FSCSX Risk / Return Rank: 2
FSCSX Sharpe Ratio Rank: 2
FSCSX Sortino Ratio Rank: 2
FSCSX Omega Ratio Rank: 2
FSCSX Calmar Ratio Rank: 2
FSCSX Martin Ratio Rank: 2

VONG

VONG Risk / Return Rank: 27
VONG Sharpe Ratio Rank: 29
VONG Sortino Ratio Rank: 27
VONG Omega Ratio Rank: 28
VONG Calmar Ratio Rank: 23
VONG Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSCSX vs. VONG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Software & IT Services Portfolio (FSCSX) and Vanguard Russell 1000 Growth ETF (VONG). 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	VONG	Difference
Sharpe ratio: Return per unit of total volatility	-0.39	0.86	-1.25
Sortino ratio: Return per unit of downside risk	-0.37	1.26	-1.63
Omega ratio: Gain probability vs. loss probability	0.96	1.16	-0.20
Calmar ratio: Return relative to maximum drawdown	-0.33	0.88	-1.21
Martin ratio: Return relative to average drawdown	-0.70	2.80	-3.49

FSCSX vs. VONG - Sharpe Ratio Comparison

The current FSCSX Sharpe Ratio is -0.39, which is lower than the VONG Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of FSCSX and VONG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FSCSX vs. VONG - Drawdown Comparison

The maximum FSCSX drawdown since its inception was -64.66%, which is greater than VONG's maximum drawdown of -32.72%. Use the drawdown chart below to compare losses from any high point for FSCSX and VONG.

Drawdown Indicators

	FSCSX	VONG	Difference
Max Drawdown Largest peak-to-trough decline	-64.66%	-32.72%	-31.94%
Max Drawdown (1Y) Largest decline over 1 year	-34.24%	-16.23%	-18.01%
Max Drawdown (3Y) Largest decline over 3 years	-34.24%	-23.27%	-10.97%
Max Drawdown (5Y) Largest decline over 5 years	-37.06%	-32.72%	-4.34%
Max Drawdown (10Y) Largest decline over 10 years	-37.06%	-32.72%	-4.34%
Current Drawdown Current decline from peak	-16.35%	-5.45%	-10.90%
Average Drawdown Average peak-to-trough decline	-13.23%	-4.88%	-8.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.21%	5.12%	+11.09%

Volatility

FSCSX vs. VONG - Volatility Comparison

Fidelity Select Software & IT Services Portfolio (FSCSX) has a higher volatility of 7.99% compared to Vanguard Russell 1000 Growth ETF (VONG) at 6.55%. This indicates that FSCSX's price experiences larger fluctuations and is considered to be riskier than VONG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSCSX	VONG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.99%	6.55%	+1.44%
Volatility (6M) Calculated over the trailing 6-month period	26.06%	13.37%	+12.69%
Volatility (1Y) Calculated over the trailing 1-year period	29.11%	16.70%	+12.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.70%	21.56%	+5.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.68%	20.95%	+3.73%

FSCSX vs. VONG - Expense Ratio Comparison

FSCSX has a 0.67% expense ratio, which is higher than VONG's 0.06% expense ratio.

Dividends

FSCSX vs. VONG - Dividend Comparison

FSCSX's dividend yield for the trailing twelve months is around 22.64%, more than VONG's 0.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VONG Vanguard Russell 1000 Growth ETF	0.46%	0.45%	0.55%	0.71%	0.98%	0.58%	0.77%	1.03%	1.18%	1.19%	1.48%	1.47%

Frequently Asked Questions

Can I hold both FSCSX and VONG in my portfolio?

FSCSX and VONG have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSCSX or VONG?

FSCSX has higher volatility (7.99%) compared to VONG (6.55%). In terms of maximum drawdown, FSCSX dropped -64.66% vs VONG's -32.72%.

Which has better risk-adjusted returns?

VONG currently has the higher Sharpe Ratio (0.86 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.