FSHOX vs. FSCPX

Last updated Jun 3, 2026

FSHOX (Fidelity Select Construction & Housing Portfolio) and FSCPX (Fidelity Select Consumer Discretionary Portfolio) are both Consumer Discretionary Equities funds from Fidelity. Over the past 10 years, FSHOX returned 14.43%/yr vs 12.37%/yr for FSCPX. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.76% expense ratio.

Performance

FSHOX vs. FSCPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Construction & Housing Portfolio (FSHOX) and Fidelity Select Consumer Discretionary Portfolio (FSCPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSHOX achieves a 3.65% return, which is significantly higher than FSCPX's 0.50% return. Over the past 10 years, FSHOX has outperformed FSCPX with an annualized return of 14.43%, while FSCPX has yielded a comparatively lower 12.37% annualized return.

FSHOX

• 1D: -1.31%
• 1M: -4.54%
• YTD: 3.65%
• 6M: 1.87%
• 1Y: 11.10%
• 3Y*: 14.59%
• 5Y*: 9.65%
• 10Y*: 14.43%

FSCPX

• 1D: -2.31%
• 1M: 0.02%
• YTD: 0.50%
• 6M: 1.47%
• 1Y: 14.91%
• 3Y*: 17.02%
• 5Y*: 6.49%
• 10Y*: 12.37%

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

FSHOX vs. FSCPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSHOX Fidelity Select Construction & Housing Portfolio	3.65%	5.24%	15.28%	30.85%	-22.76%	57.51%	25.95%	41.15%	-15.87%	26.25%
FSCPX Fidelity Select Consumer Discretionary Portfolio	0.50%	7.88%	24.56%	41.81%	-34.88%	19.23%	35.68%	27.06%	-1.03%	21.70%

Correlation

The correlation between FSHOX and FSCPX is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jul 2, 1990	0.77

The correlation between FSHOX and FSCPX has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.

Return for Risk

FSHOX vs. FSCPX — Risk / Return Rank

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

FSHOX

FSHOX Risk / Return Rank: 6
FSHOX Sharpe Ratio Rank: 6
FSHOX Sortino Ratio Rank: 7
FSHOX Omega Ratio Rank: 6
FSHOX Calmar Ratio Rank: 6
FSHOX Martin Ratio Rank: 6

FSCPX

FSCPX Risk / Return Rank: 9
FSCPX Sharpe Ratio Rank: 9
FSCPX Sortino Ratio Rank: 10
FSCPX Omega Ratio Rank: 9
FSCPX Calmar Ratio Rank: 8
FSCPX Martin Ratio Rank: 9

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.

FSHOX vs. FSCPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Construction & Housing Portfolio (FSHOX) and Fidelity Select Consumer Discretionary Portfolio (FSCPX). 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.

	FSHOX	FSCPX	Difference
Sharpe ratio Return per unit of total volatility	0.54	0.78	-0.25
Sortino ratio Return per unit of downside risk	0.96	1.23	-0.27
Omega ratio Gain probability vs. loss probability	1.10	1.14	-0.04
Calmar ratio Return relative to maximum drawdown	0.63	0.88	-0.25
Martin ratio Return relative to average drawdown	1.65	2.80	-1.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSHOX vs. FSCPX - Sharpe Ratio Comparison

The current FSHOX Sharpe Ratio is 0.54, which is lower than the FSCPX Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of FSHOX and FSCPX, 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

	FSHOX	FSCPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.54	0.78	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.26	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.55	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.54	+0.02

Drawdowns

FSHOX vs. FSCPX - Drawdown Comparison

The maximum FSHOX drawdown since its inception was -61.68%, which is greater than FSCPX's maximum drawdown of -57.76%. Use the drawdown chart below to compare losses from any high point for FSHOX and FSCPX.

Drawdown Indicators

	FSHOX	FSCPX	Difference
Max Drawdown Largest peak-to-trough decline	-61.68%	-57.76%	-3.92%
Max Drawdown (1Y) Largest decline over 1 year	-16.54%	-15.99%	-0.55%
Max Drawdown (3Y) Largest decline over 3 years	-24.76%	-27.71%	+2.95%
Max Drawdown (5Y) Largest decline over 5 years	-33.23%	-39.23%	+6.00%
Max Drawdown (10Y) Largest decline over 10 years	-43.67%	-39.23%	-4.44%
Current Drawdown Current decline from peak	-10.63%	-4.81%	-5.82%
Average Drawdown Average peak-to-trough decline	-9.84%	-8.55%	-1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.29%	5.01%	+1.28%

Volatility

FSHOX vs. FSCPX - Volatility Comparison

Fidelity Select Construction & Housing Portfolio (FSHOX) and Fidelity Select Consumer Discretionary Portfolio (FSCPX) have volatilities of 6.06% and 5.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSHOX	FSCPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.06%	5.99%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	15.68%	13.68%	+2.00%
Volatility (1Y) Calculated over the trailing 1-year period	19.87%	18.97%	+0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.69%	24.79%	-3.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.49%	22.72%	-0.23%

FSHOX vs. FSCPX - Expense Ratio Comparison

Both FSHOX and FSCPX have an expense ratio of 0.76%.

Dividends

FSHOX vs. FSCPX - Dividend Comparison

FSHOX's dividend yield for the trailing twelve months is around 6.21%, less than FSCPX's 9.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSCPX Fidelity Select Consumer Discretionary Portfolio	9.14%	5.78%	7.41%	2.17%	13.79%	9.08%	1.16%	2.22%	3.32%	3.72%	0.90%	3.81%
FSHOX Fidelity Select Construction & Housing Portfolio	6.21%	3.91%	4.05%	0.82%	0.80%	5.45%	4.73%	7.91%	15.47%	13.62%	3.61%	3.26%

Frequently Asked Questions

Can I hold both FSHOX and FSCPX in my portfolio?

FSHOX and FSCPX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSHOX or FSCPX?

FSHOX has higher volatility (6.06%) compared to FSCPX (5.99%). In terms of maximum drawdown, FSHOX dropped -61.68% vs FSCPX's -57.76%.

Which has better risk-adjusted returns?

FSCPX currently has the higher Sharpe Ratio (0.78 vs 0.54), 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.