FSDPX vs. MXI
FSDPX (Fidelity Select Materials Portfolio) and MXI (iShares Global Materials ETF) are both funds - FSDPX is a Energy Equities fund managed by Fidelity, while MXI is a Materials fund tracking the S&P Global Materials Index. Over the past 10 years, FSDPX returned 8.62%/yr vs 11.38%/yr for MXI. Their correlation of 0.89 suggests significant overlap in exposure. FSDPX charges 0.74%/yr vs 0.46%/yr for MXI.
Performance
FSDPX vs. MXI - Performance Comparison
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Returns By Period
In the year-to-date period, FSDPX achieves a 15.13% return, which is significantly higher than MXI's 11.62% return. Over the past 10 years, FSDPX has underperformed MXI with an annualized return of 8.62%, while MXI has yielded a comparatively higher 11.38% annualized return.
FSDPX
- 1D
- 0.02%
- 1M
- 2.15%
- YTD
- 15.13%
- 6M
- 13.77%
- 1Y
- 21.75%
- 3Y*
- 9.34%
- 5Y*
- 6.38%
- 10Y*
- 8.62%
MXI
- 1D
- -2.55%
- 1M
- -2.16%
- YTD
- 11.62%
- 6M
- 10.06%
- 1Y
- 29.81%
- 3Y*
- 13.19%
- 5Y*
- 6.60%
- 10Y*
- 11.38%
FSDPX vs. MXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSDPX Fidelity Select Materials Portfolio | 15.13% | 11.32% | -2.95% | 7.29% | -9.86% | 31.66% | 21.78% | 12.40% | -23.74% | 25.99% |
MXI iShares Global Materials ETF | 11.62% | 27.43% | -8.25% | 14.37% | -9.09% | 15.06% | 22.31% | 22.19% | -16.06% | 30.33% |
Correlation
The correlation between FSDPX and MXI is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2006 | 0.89 |
The correlation between FSDPX and MXI has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
FSDPX vs. MXI — Risk / Return Rank
FSDPX
MXI
FSDPX vs. MXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Materials Portfolio (FSDPX) and iShares Global Materials ETF (MXI). 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.
| FSDPX | MXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.85 | +0.07 |
| Martin ratioReturn relative to average drawdown | 5.96 | 7.13 | -1.17 |
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Drawdowns
FSDPX vs. MXI - Drawdown Comparison
The maximum FSDPX drawdown since its inception was -64.19%, smaller than the maximum MXI drawdown of -68.44%. Use the drawdown chart below to compare losses from any high point for FSDPX and MXI.
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Drawdown Indicators
| FSDPX | MXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.19% | -68.44% | +4.25% |
Max Drawdown (1Y)Largest decline over 1 year | -12.16% | -16.18% | +4.02% |
Max Drawdown (3Y)Largest decline over 3 years | -22.13% | -22.25% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -25.39% | -28.76% | +3.37% |
Max Drawdown (10Y)Largest decline over 10 years | -49.89% | -39.52% | -10.37% |
Current DrawdownCurrent decline from peak | -2.95% | -7.43% | +4.48% |
Average DrawdownAverage peak-to-trough decline | -11.28% | -18.03% | +6.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 4.19% | -0.29% |
Volatility
FSDPX vs. MXI - Volatility Comparison
The current volatility for Fidelity Select Materials Portfolio (FSDPX) is 6.72%, while iShares Global Materials ETF (MXI) has a volatility of 8.08%. This indicates that FSDPX experiences smaller price fluctuations and is considered to be less risky than MXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSDPX | MXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 8.08% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 14.81% | 17.94% | -3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.25% | 20.66% | -2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.40% | 19.86% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.77% | 20.42% | +1.35% |
FSDPX vs. MXI - Expense Ratio Comparison
FSDPX has a 0.74% expense ratio, which is higher than MXI's 0.46% expense ratio.
Dividends
FSDPX vs. MXI - Dividend Comparison
FSDPX's dividend yield for the trailing twelve months is around 4.88%, more than MXI's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSDPX Fidelity Select Materials Portfolio | 4.88% | 1.94% | 12.46% | 5.46% | 3.34% | 0.71% | 0.68% | 1.22% | 12.89% | 5.08% | 1.05% | 2.42% |
MXI iShares Global Materials ETF | 1.72% | 2.22% | 3.24% | 2.92% | 4.84% | 3.51% | 1.21% | 3.64% | 2.77% | 1.76% | 1.31% | 3.64% |
Frequently Asked Questions
With a correlation of 0.91, FSDPX and MXI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MXI has higher volatility (8.08%) compared to FSDPX (6.72%). In terms of maximum drawdown, FSDPX dropped -64.19% vs MXI's -68.44%.
MXI currently has the higher Sharpe Ratio (1.45 vs 1.28), 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.
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