FSLBX vs. FDEGX
Compare and contrast key facts about Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) and Fidelity Growth Strategies Fund (FDEGX).
FSLBX is managed by Fidelity. It was launched on Jul 29, 1985. FDEGX is managed by Fidelity. It was launched on Dec 28, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSLBX or FDEGX.
Key characteristics
| FSLBX | FDEGX | |
|---|---|---|
| YTD Return | 17.06% | 13.11% |
| 1Y Return | 33.42% | 22.77% |
| 3Y Return (Ann) | 9.48% | 0.77% |
| 5Y Return (Ann) | 18.12% | 11.20% |
| 10Y Return (Ann) | 11.82% | 10.55% |
| Sharpe Ratio | 2.06 | 1.34 |
| Daily Std Dev | 16.64% | 16.27% |
| Max Drawdown | -67.50% | -85.76% |
| Current Drawdown | -0.44% | -3.62% |
Correlation
The correlation between FSLBX and FDEGX is 0.73, 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.
Performance
FSLBX vs. FDEGX - Performance Comparison
In the year-to-date period, FSLBX achieves a 17.06% return, which is significantly higher than FDEGX's 13.11% return. Over the past 10 years, FSLBX has outperformed FDEGX with an annualized return of 11.82%, while FDEGX has yielded a comparatively lower 10.55% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSLBX vs. FDEGX - Expense Ratio Comparison
FSLBX has a 0.75% expense ratio, which is higher than FDEGX's 0.63% expense ratio.
Risk-Adjusted Performance
FSLBX vs. FDEGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) and Fidelity Growth Strategies Fund (FDEGX). 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.
Dividends
FSLBX vs. FDEGX - Dividend Comparison
FSLBX's dividend yield for the trailing twelve months is around 1.07%, more than FDEGX's 0.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLBX Fidelity Select Brokerage & Invmt Mgmt Portfolio | 1.07% | 1.22% | 2.09% | 1.39% | 3.08% | 4.25% | 9.24% | 6.96% | 1.25% | 6.51% | 3.52% | 0.54% |
FDEGX Fidelity Growth Strategies Fund | 0.05% | 0.05% | 0.00% | 14.15% | 8.37% | 3.65% | 0.75% | 0.43% | 0.59% | 0.13% | 0.59% | 0.18% |
Drawdowns
FSLBX vs. FDEGX - Drawdown Comparison
The maximum FSLBX drawdown since its inception was -67.50%, smaller than the maximum FDEGX drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for FSLBX and FDEGX. For additional features, visit the drawdowns tool.
Volatility
FSLBX vs. FDEGX - Volatility Comparison
The current volatility for Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) is 4.21%, while Fidelity Growth Strategies Fund (FDEGX) has a volatility of 6.01%. This indicates that FSLBX experiences smaller price fluctuations and is considered to be less risky than FDEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.