FSLBX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) and S&P 500 Index (^GSPC).

FSLBX is managed by Fidelity. It was launched on Jul 29, 1985.

Performance

FSLBX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

FSLBX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSLBX Fidelity Select Brokerage & Invmt Mgmt Portfolio	-16.57%	5.78%	35.74%	27.77%	-17.54%	40.61%	22.66%	31.60%	-15.37%	27.74%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, FSLBX achieves a -16.57% return, which is significantly lower than ^GSPC's -3.95% return. Over the past 10 years, FSLBX has outperformed ^GSPC with an annualized return of 13.45%, while ^GSPC has yielded a comparatively lower 12.24% annualized return.

FSLBX

• 1D: 1.93%
• 1M: -4.71%
• YTD: -16.57%
• 6M: -16.88%
• 1Y: -5.82%
• 3Y*: 14.79%
• 5Y*: 9.48%
• 10Y*: 13.45%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

FSLBX vs. ^GSPC — Risk / Return Rank

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

FSLBX

FSLBX Risk / Return Rank: 3
FSLBX Sharpe Ratio Rank: 3
FSLBX Sortino Ratio Rank: 3
FSLBX Omega Ratio Rank: 3
FSLBX Calmar Ratio Rank: 4
FSLBX Martin Ratio Rank: 4

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

FSLBX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) and S&P 500 Index (^GSPC). 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.

	FSLBX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.19	0.92	-1.10
Sortino ratio Return per unit of downside risk	-0.08	1.41	-1.49
Omega ratio Gain probability vs. loss probability	0.99	1.21	-0.23
Calmar ratio Return relative to maximum drawdown	-0.19	1.41	-1.61
Martin ratio Return relative to average drawdown	-0.51	6.61	-7.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSLBX vs. ^GSPC - Sharpe Ratio Comparison

The current FSLBX Sharpe Ratio is -0.19, which is lower than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of FSLBX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FSLBX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	0.92	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.61	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.68	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.46	-0.01

Correlation

The correlation between FSLBX and ^GSPC is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

FSLBX vs. ^GSPC - Drawdown Comparison

The maximum FSLBX drawdown since its inception was -68.20%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FSLBX and ^GSPC.

Drawdown Indicators

	FSLBX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-68.20%	-56.78%	-11.42%
Max Drawdown (1Y) Largest decline over 1 year	-24.67%	-12.14%	-12.53%
Max Drawdown (5Y) Largest decline over 5 years	-30.87%	-25.43%	-5.44%
Max Drawdown (10Y) Largest decline over 10 years	-40.56%	-33.92%	-6.64%
Current Drawdown Current decline from peak	-22.14%	-5.78%	-16.36%
Average Drawdown Average peak-to-trough decline	-14.86%	-10.75%	-4.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.36%	2.60%	+6.76%

Volatility

FSLBX vs. ^GSPC - Volatility Comparison

Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) has a higher volatility of 6.45% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that FSLBX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSLBX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.45%	5.37%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	17.21%	9.55%	+7.66%
Volatility (1Y) Calculated over the trailing 1-year period	27.05%	18.33%	+8.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.77%	16.90%	+5.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.67%	18.05%	+5.62%