FSCSX vs. XITK

Last updated Jun 4, 2026

FSCSX (Fidelity Select Software & IT Services Portfolio) and XITK (SPDR FactSet Innovative Technology ETF) are both Technology Equities funds. Over the past 10 years, FSCSX returned 17.45%/yr vs 14.35%/yr for XITK. Their correlation of 0.81 suggests significant overlap in exposure. FSCSX charges 0.67%/yr vs 0.45%/yr for XITK.

Performance

FSCSX vs. XITK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Software & IT Services Portfolio (FSCSX) and SPDR FactSet Innovative Technology ETF (XITK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSCSX achieves a -1.64% return, which is significantly lower than XITK's 13.97% return. Over the past 10 years, FSCSX has outperformed XITK with an annualized return of 17.45%, while XITK has yielded a comparatively lower 14.35% annualized return.

FSCSX

• 1D: -3.21%
• 1M: 17.97%
• YTD: -1.64%
• 6M: -1.31%
• 1Y: 0.99%
• 3Y*: 14.73%
• 5Y*: 8.73%
• 10Y*: 17.45%

XITK

• 1D: -3.51%
• 1M: 12.45%
• YTD: 13.97%
• 6M: 14.17%
• 1Y: 11.38%
• 3Y*: 17.58%
• 5Y*: -0.31%
• 10Y*: 14.35%

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

FSCSX vs. XITK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSCSX Fidelity Select Software & IT Services Portfolio	-1.64%	6.96%	19.66%	51.72%	-29.13%	18.13%	45.55%	38.99%	4.08%	38.60%
XITK SPDR FactSet Innovative Technology ETF	13.97%	2.53%	19.12%	45.87%	-47.45%	-11.24%	90.22%	36.98%	7.60%	36.01%

Correlation

The correlation between FSCSX and XITK is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jan 15, 2016	0.81

The correlation between FSCSX and XITK has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.

Return for Risk

FSCSX vs. XITK — Risk / Return Rank

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

FSCSX

FSCSX Risk / Return Rank: 3
FSCSX Sharpe Ratio Rank: 3
FSCSX Sortino Ratio Rank: 3
FSCSX Omega Ratio Rank: 3
FSCSX Calmar Ratio Rank: 3
FSCSX Martin Ratio Rank: 3

XITK

XITK Risk / Return Rank: 15
XITK Sharpe Ratio Rank: 15
XITK Sortino Ratio Rank: 16
XITK Omega Ratio Rank: 15
XITK Calmar Ratio Rank: 14
XITK Martin Ratio Rank: 13

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. XITK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Software & IT Services Portfolio (FSCSX) and SPDR FactSet Innovative Technology ETF (XITK). 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.

	FSCSX	XITK	Difference
Sharpe ratio: Return per unit of total volatility	0.06	0.43	-0.37
Sortino ratio: Return per unit of downside risk	0.28	0.78	-0.50
Omega ratio: Gain probability vs. loss probability	1.04	1.09	-0.06
Calmar ratio: Return relative to maximum drawdown	0.05	0.41	-0.36
Martin ratio: Return relative to average drawdown	0.12	0.95	-0.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSCSX vs. XITK - Sharpe Ratio Comparison

The current FSCSX Sharpe Ratio is 0.06, which is lower than the XITK Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of FSCSX and XITK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FSCSX	XITK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.06	0.43	-0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	-0.01	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.49	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.51	+0.10

Drawdowns

FSCSX vs. XITK - Drawdown Comparison

The maximum FSCSX drawdown since its inception was -64.66%, roughly equal to the maximum XITK drawdown of -65.56%. Use the drawdown chart below to compare losses from any high point for FSCSX and XITK.

Drawdown Indicators

	FSCSX	XITK	Difference
Max Drawdown Largest peak-to-trough decline	-64.66%	-65.56%	+0.90%
Max Drawdown (1Y) Largest decline over 1 year	-34.24%	-28.03%	-6.21%
Max Drawdown (3Y) Largest decline over 3 years	-34.24%	-28.18%	-6.06%
Max Drawdown (5Y) Largest decline over 5 years	-37.06%	-61.53%	+24.47%
Max Drawdown (10Y) Largest decline over 10 years	-37.06%	-65.56%	+28.50%
Current Drawdown Current decline from peak	-7.26%	-22.29%	+15.03%
Average Drawdown Average peak-to-trough decline	-13.22%	-22.08%	+8.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.16%	11.96%	+3.20%

Volatility

FSCSX vs. XITK - Volatility Comparison

Fidelity Select Software & IT Services Portfolio (FSCSX) has a higher volatility of 11.05% compared to SPDR FactSet Innovative Technology ETF (XITK) at 8.59%. This indicates that FSCSX's price experiences larger fluctuations and is considered to be riskier than XITK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSCSX	XITK	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.05%	8.59%	+2.46%
Volatility (6M) Calculated over the trailing 6-month period	24.77%	21.87%	+2.90%
Volatility (1Y) Calculated over the trailing 1-year period	27.77%	26.50%	+1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.38%	32.63%	-6.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.57%	29.57%	-5.00%

FSCSX vs. XITK - Expense Ratio Comparison

FSCSX has a 0.67% expense ratio, which is higher than XITK's 0.45% expense ratio.

Dividends

FSCSX vs. XITK - Dividend Comparison

FSCSX's dividend yield for the trailing twelve months is around 20.42%, while XITK has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSCSX Fidelity Select Software & IT Services Portfolio	20.42%	15.40%	19.17%	7.72%	9.06%	6.54%	5.10%	12.70%	6.20%	7.15%	3.98%	5.22%
XITK SPDR FactSet Innovative Technology ETF	0.00%	0.00%	0.00%	0.08%	0.11%	0.00%	0.06%	0.14%	1.50%	1.74%	1.88%	0.00%

Frequently Asked Questions

Can I hold both FSCSX and XITK in my portfolio?

FSCSX and XITK have a correlation of 0.77, 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 XITK?

FSCSX has higher volatility (11.05%) compared to XITK (8.59%). In terms of maximum drawdown, FSCSX dropped -64.66% vs XITK's -65.56%.

Which has better risk-adjusted returns?

XITK currently has the higher Sharpe Ratio (0.43 vs 0.06), 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.