FSCSX vs. VTI

Last updated Jun 24, 2026

FSCSX (Fidelity Select Software & IT Services Portfolio) and VTI (Vanguard Total Stock Market ETF) are both funds - FSCSX is a Technology Equities fund actively managed by Fidelity, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. FSCSX is actively managed, while VTI is passively managed. Over the past 10 years, FSCSX returned 15.92%/yr vs 15.14%/yr for VTI. Their correlation of 0.84 suggests significant overlap in exposure. FSCSX charges 0.67%/yr vs 0.03%/yr for VTI.

Performance

FSCSX vs. VTI - Performance Comparison

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

Returns By Period

In the year-to-date period, FSCSX achieves a -17.45% return, which is significantly lower than VTI's 8.82% return. Both investments have delivered pretty close results over the past 10 years, with FSCSX having a 15.92% annualized return and VTI not far behind at 15.14%.

FSCSX

• 1D: -2.26%
• 1M: -5.70%
• YTD: -17.45%
• 6M: -18.73%
• 1Y: -15.79%
• 3Y*: 8.01%
• 5Y*: 3.72%
• 10Y*: 15.92%

VTI

• 1D: -1.39%
• 1M: -0.84%
• YTD: 8.82%
• 6M: 7.71%
• 1Y: 24.22%
• 3Y*: 20.62%
• 5Y*: 11.90%
• 10Y*: 15.14%

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

FSCSX vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSCSX Fidelity Select Software & IT Services Portfolio	-17.45%	6.96%	19.66%	51.72%	-29.13%	18.13%	45.55%	38.99%	4.08%	38.60%
VTI Vanguard Total Stock Market ETF	8.82%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%

Correlation

The correlation between FSCSX and VTI is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since May 31, 2001	0.84

Over the past year, the correlation between FSCSX and VTI has dropped to 0.55 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

Return for Risk

FSCSX vs. VTI — Risk / Return Rank

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

FSCSX

FSCSX Risk / Return Rank: 1
FSCSX Sharpe Ratio Rank: 1
FSCSX Sortino Ratio Rank: 1
FSCSX Omega Ratio Rank: 1
FSCSX Calmar Ratio Rank: 1
FSCSX Martin Ratio Rank: 1

VTI

VTI Risk / Return Rank: 59
VTI Sharpe Ratio Rank: 58
VTI Sortino Ratio Rank: 56
VTI Omega Ratio Rank: 57
VTI Calmar Ratio Rank: 57
VTI Martin Ratio Rank: 68

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. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Software & IT Services Portfolio (FSCSX) and Vanguard Total Stock Market ETF (VTI). 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	VTI	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	1.90	-2.41
Sortino ratio: Return per unit of downside risk	-0.56	2.59	-3.15
Omega ratio: Gain probability vs. loss probability	0.93	1.34	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.43	2.73	-3.16
Martin ratio: Return relative to average drawdown	-0.94	12.14	-13.07

FSCSX vs. VTI - Sharpe Ratio Comparison

The current FSCSX Sharpe Ratio is -0.51, which is lower than the VTI Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of FSCSX and VTI, 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. VTI - Drawdown Comparison

The maximum FSCSX drawdown since its inception was -64.66%, which is greater than VTI's maximum drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for FSCSX and VTI.

Drawdown Indicators

	FSCSX	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-64.66%	-55.45%	-9.21%
Max Drawdown (1Y) Largest decline over 1 year	-34.24%	-8.92%	-25.32%
Max Drawdown (3Y) Largest decline over 3 years	-34.24%	-19.30%	-14.94%
Max Drawdown (5Y) Largest decline over 5 years	-37.06%	-25.36%	-11.70%
Max Drawdown (10Y) Largest decline over 10 years	-37.06%	-35.00%	-2.06%
Current Drawdown Current decline from peak	-22.17%	-2.85%	-19.32%
Average Drawdown Average peak-to-trough decline	-13.23%	-8.01%	-5.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.66%	2.00%	+13.66%

Volatility

FSCSX vs. VTI - Volatility Comparison

Fidelity Select Software & IT Services Portfolio (FSCSX) has a higher volatility of 12.88% compared to Vanguard Total Stock Market ETF (VTI) at 4.95%. This indicates that FSCSX's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSCSX	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.88%	4.95%	+7.93%
Volatility (6M) Calculated over the trailing 6-month period	25.64%	10.05%	+15.59%
Volatility (1Y) Calculated over the trailing 1-year period	28.65%	12.83%	+15.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.57%	17.51%	+9.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.68%	18.32%	+6.36%

FSCSX vs. VTI - Expense Ratio Comparison

FSCSX has a 0.67% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

FSCSX vs. VTI - Dividend Comparison

FSCSX's dividend yield for the trailing twelve months is around 24.33%, more than VTI's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSCSX Fidelity Select Software & IT Services Portfolio	24.33%	15.40%	19.17%	7.72%	9.06%	6.54%	5.10%	12.70%	6.20%	7.15%	3.98%	5.22%
VTI Vanguard Total Stock Market ETF	1.04%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both FSCSX and VTI in my portfolio?

FSCSX and VTI have a correlation of 0.55, 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 VTI?

FSCSX has higher volatility (12.88%) compared to VTI (4.95%). In terms of maximum drawdown, FSCSX dropped -64.66% vs VTI's -55.45%.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (1.90 vs -0.51), 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.