FSHOX vs. ITB
FSHOX (Fidelity Select Construction & Housing Portfolio) and ITB (iShares U.S. Home Construction ETF) are both funds - FSHOX is a Consumer Discretionary Equities fund managed by Fidelity, while ITB is a Building & Construction fund tracking the Dow Jones U.S. Select Home Construction Index. Over the past 10 years, FSHOX returned 15.20%/yr vs 14.54%/yr for ITB. Their correlation of 0.87 suggests significant overlap in exposure. FSHOX charges 0.76%/yr vs 0.38%/yr for ITB.
Performance
FSHOX vs. ITB - Performance Comparison
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Returns By Period
In the year-to-date period, FSHOX achieves a 9.98% return, which is significantly higher than ITB's 1.44% return. Both investments have delivered pretty close results over the past 10 years, with FSHOX having a 15.20% annualized return and ITB not far behind at 14.54%.
FSHOX
- 1D
- 2.00%
- 1M
- 6.25%
- YTD
- 9.98%
- 6M
- 8.88%
- 1Y
- 18.80%
- 3Y*
- 15.43%
- 5Y*
- 11.76%
- 10Y*
- 15.20%
ITB
- 1D
- -1.92%
- 1M
- 7.18%
- YTD
- 1.44%
- 6M
- -0.10%
- 1Y
- 9.29%
- 3Y*
- 6.76%
- 5Y*
- 8.38%
- 10Y*
- 14.54%
FSHOX vs. ITB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSHOX Fidelity Select Construction & Housing Portfolio | 9.98% | 5.24% | 15.28% | 30.85% | -22.76% | 57.51% | 25.95% | 41.15% | -15.87% | 26.25% |
ITB iShares U.S. Home Construction ETF | 1.44% | -5.26% | 2.06% | 68.91% | -26.26% | 49.25% | 26.42% | 48.70% | -30.92% | 59.65% |
Correlation
The correlation between FSHOX and ITB is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since May 5, 2006 | 0.87 |
The correlation between FSHOX and ITB has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.
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Return for Risk
FSHOX vs. ITB — Risk / Return Rank
FSHOX
ITB
FSHOX vs. ITB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Construction & Housing Portfolio (FSHOX) and iShares U.S. Home Construction ETF (ITB). 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.
| FSHOX | ITB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.08 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 0.36 | +0.83 |
| Martin ratioReturn relative to average drawdown | 2.99 | 0.68 | +2.31 |
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Drawdowns
FSHOX vs. ITB - Drawdown Comparison
The maximum FSHOX drawdown since its inception was -61.68%, smaller than the maximum ITB drawdown of -86.53%. Use the drawdown chart below to compare losses from any high point for FSHOX and ITB.
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Drawdown Indicators
| FSHOX | ITB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.68% | -86.53% | +24.85% |
Max Drawdown (1Y)Largest decline over 1 year | -16.54% | -26.04% | +9.50% |
Max Drawdown (3Y)Largest decline over 3 years | -24.76% | -33.35% | +8.59% |
Max Drawdown (5Y)Largest decline over 5 years | -33.23% | -40.55% | +7.32% |
Max Drawdown (10Y)Largest decline over 10 years | -43.67% | -52.10% | +8.43% |
Current DrawdownCurrent decline from peak | -5.16% | -23.10% | +17.94% |
Average DrawdownAverage peak-to-trough decline | -9.84% | -37.06% | +27.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 13.64% | -7.10% |
Volatility
FSHOX vs. ITB - Volatility Comparison
The current volatility for Fidelity Select Construction & Housing Portfolio (FSHOX) is 7.09%, while iShares U.S. Home Construction ETF (ITB) has a volatility of 8.66%. This indicates that FSHOX experiences smaller price fluctuations and is considered to be less risky than ITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSHOX | ITB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 8.66% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 16.68% | 21.41% | -4.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.60% | 30.00% | -9.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.85% | 29.37% | -7.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.55% | 30.10% | -7.55% |
FSHOX vs. ITB - Expense Ratio Comparison
FSHOX has a 0.76% expense ratio, which is higher than ITB's 0.38% expense ratio.
Dividends
FSHOX vs. ITB - Dividend Comparison
FSHOX's dividend yield for the trailing twelve months is around 5.86%, more than ITB's 0.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHOX Fidelity Select Construction & Housing Portfolio | 5.86% | 3.91% | 4.05% | 0.82% | 0.80% | 5.45% | 4.73% | 7.91% | 15.47% | 13.62% | 3.61% | 3.26% |
ITB iShares U.S. Home Construction ETF | 0.66% | 1.67% | 0.46% | 0.48% | 0.86% | 0.37% | 0.46% | 0.50% | 0.63% | 0.28% | 0.43% | 0.34% |
Frequently Asked Questions
FSHOX and ITB have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITB has higher volatility (8.66%) compared to FSHOX (7.09%). In terms of maximum drawdown, FSHOX dropped -61.68% vs ITB's -86.53%.
FSHOX currently has the higher Sharpe Ratio (0.95 vs 0.31), 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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