FSDPX vs. RSPM

Last updated Jun 4, 2026

FSDPX (Fidelity Select Materials Portfolio) and RSPM (Invesco S&P 500® Equal Weight Materials ETF) are both funds - FSDPX is a Energy Equities fund managed by Fidelity, while RSPM is a Materials fund tracking the S&P 500 Equal Weight Materials Index. Over the past 10 years, FSDPX returned 8.34%/yr vs 10.67%/yr for RSPM. Their correlation of 0.88 suggests significant overlap in exposure. FSDPX charges 0.74%/yr vs 0.40%/yr for RSPM.

Performance

FSDPX vs. RSPM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Materials Portfolio (FSDPX) and Invesco S&P 500® Equal Weight Materials ETF (RSPM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSDPX achieves a 16.72% return, which is significantly higher than RSPM's 15.78% return. Over the past 10 years, FSDPX has underperformed RSPM with an annualized return of 8.34%, while RSPM has yielded a comparatively higher 10.67% annualized return.

FSDPX

• 1D: 1.57%
• 1M: 2.85%
• YTD: 16.72%
• 6M: 19.75%
• 1Y: 22.77%
• 3Y*: 10.15%
• 5Y*: 5.37%
• 10Y*: 8.34%

RSPM

• 1D: 0.11%
• 1M: 1.21%
• YTD: 15.78%
• 6M: 18.94%
• 1Y: 23.99%
• 3Y*: 10.35%
• 5Y*: 4.29%
• 10Y*: 10.67%

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

FSDPX vs. RSPM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSDPX Fidelity Select Materials Portfolio	16.72%	11.32%	-2.95%	7.29%	-9.86%	31.66%	21.78%	12.40%	-23.74%	25.99%
RSPM Invesco S&P 500® Equal Weight Materials ETF	15.78%	6.90%	-1.30%	8.32%	-9.95%	31.21%	22.77%	25.11%	-14.75%	25.87%

Correlation

The correlation between FSDPX and RSPM is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Nov 8, 2006	0.88

The correlation between FSDPX and RSPM has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.

Return for Risk

FSDPX vs. RSPM — Risk / Return Rank

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

FSDPX

FSDPX Risk / Return Rank: 23
FSDPX Sharpe Ratio Rank: 23
FSDPX Sortino Ratio Rank: 21
FSDPX Omega Ratio Rank: 21
FSDPX Calmar Ratio Rank: 27
FSDPX Martin Ratio Rank: 25

RSPM

RSPM Risk / Return Rank: 37
RSPM Sharpe Ratio Rank: 37
RSPM Sortino Ratio Rank: 37
RSPM Omega Ratio Rank: 34
RSPM Calmar Ratio Rank: 40
RSPM Martin Ratio Rank: 35

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.

FSDPX vs. RSPM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Materials Portfolio (FSDPX) and Invesco S&P 500® Equal Weight Materials ETF (RSPM). 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.

	FSDPX	RSPM	Difference
Sharpe ratio Return per unit of total volatility	1.37	1.33	+0.04
Sortino ratio Return per unit of downside risk	1.93	1.98	-0.05
Omega ratio Gain probability vs. loss probability	1.24	1.23	+0.01
Calmar ratio Return relative to maximum drawdown	1.95	1.96	0.00
Martin ratio Return relative to average drawdown	6.20	5.36	+0.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSDPX vs. RSPM - Sharpe Ratio Comparison

The current FSDPX Sharpe Ratio is 1.37, which is comparable to the RSPM Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of FSDPX and RSPM, 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

	FSDPX	RSPM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	1.33	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.21	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.49	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.39	+0.04

Drawdowns

FSDPX vs. RSPM - Drawdown Comparison

The maximum FSDPX drawdown since its inception was -64.19%, roughly equal to the maximum RSPM drawdown of -61.18%. Use the drawdown chart below to compare losses from any high point for FSDPX and RSPM.

Drawdown Indicators

	FSDPX	RSPM	Difference
Max Drawdown Largest peak-to-trough decline	-64.19%	-61.18%	-3.01%
Max Drawdown (1Y) Largest decline over 1 year	-12.16%	-12.32%	+0.16%
Max Drawdown (3Y) Largest decline over 3 years	-22.13%	-27.19%	+5.06%
Max Drawdown (5Y) Largest decline over 5 years	-25.39%	-27.19%	+1.80%
Max Drawdown (10Y) Largest decline over 10 years	-49.89%	-39.84%	-10.05%
Current Drawdown Current decline from peak	-1.61%	-4.13%	+2.52%
Average Drawdown Average peak-to-trough decline	-11.30%	-8.79%	-2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.81%	4.49%	-0.68%

Volatility

FSDPX vs. RSPM - Volatility Comparison

Fidelity Select Materials Portfolio (FSDPX) has a higher volatility of 6.36% compared to Invesco S&P 500® Equal Weight Materials ETF (RSPM) at 5.82%. This indicates that FSDPX's price experiences larger fluctuations and is considered to be riskier than RSPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSDPX	RSPM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.36%	5.82%	+0.54%
Volatility (6M) Calculated over the trailing 6-month period	13.96%	13.40%	+0.56%
Volatility (1Y) Calculated over the trailing 1-year period	17.30%	18.15%	-0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.31%	20.12%	+0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.70%	21.93%	-0.23%

FSDPX vs. RSPM - Expense Ratio Comparison

FSDPX has a 0.74% expense ratio, which is higher than RSPM's 0.40% expense ratio.

Dividends

FSDPX vs. RSPM - Dividend Comparison

FSDPX's dividend yield for the trailing twelve months is around 4.81%, more than RSPM's 1.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSDPX Fidelity Select Materials Portfolio	4.81%	1.94%	12.46%	5.46%	3.34%	0.71%	0.68%	1.22%	12.89%	5.08%	1.05%	2.42%
RSPM Invesco S&P 500® Equal Weight Materials ETF	1.50%	2.06%	2.04%	2.05%	2.19%	1.43%	1.57%	1.81%	1.83%	1.50%	1.28%	1.57%

Frequently Asked Questions

Can I hold both FSDPX and RSPM in my portfolio?

With a correlation of 0.92, FSDPX and RSPM 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.

Which is riskier, FSDPX or RSPM?

FSDPX has higher volatility (6.36%) compared to RSPM (5.82%). In terms of maximum drawdown, FSDPX dropped -64.19% vs RSPM's -61.18%.

Which has better risk-adjusted returns?

FSDPX currently has the higher Sharpe Ratio (1.37 vs 1.33), 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.