FSLBX vs. FDLSX
FSLBX (Fidelity Select Brokerage & Invmt Mgmt Portfolio) and FDLSX (Fidelity Select Leisure Portfolio) are both mutual funds - FSLBX is a Financials Equities fund managed by Fidelity, while FDLSX is a Consumer Discretionary Equities fund managed by Fidelity. Over the past 10 years, FSLBX returned 14.65%/yr vs 10.33%/yr for FDLSX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. FSLBX charges 0.75%/yr vs 0.74%/yr for FDLSX.
Performance
FSLBX vs. FDLSX - Performance Comparison
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Returns By Period
In the year-to-date period, FSLBX achieves a -9.65% return, which is significantly lower than FDLSX's -5.65% return. Over the past 10 years, FSLBX has outperformed FDLSX with an annualized return of 14.65%, while FDLSX has yielded a comparatively lower 10.33% annualized return.
FSLBX
- 1D
- -0.53%
- 1M
- 7.53%
- 6M
- -10.81%
- YTD
- -9.65%
- 1Y
- -15.63%
- 3Y*
- 13.80%
- 5Y*
- 8.72%
- 10Y*
- 14.65%
- ALL TIME*
- 11.22%
FDLSX
- 1D
- -1.24%
- 1M
- -4.97%
- 6M
- -4.96%
- YTD
- -5.65%
- 1Y
- -22.17%
- 3Y*
- 4.18%
- 5Y*
- 5.03%
- 10Y*
- 10.33%
- ALL TIME*
- 12.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSLBX vs. FDLSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSLBX Fidelity Select Brokerage & Invmt Mgmt Portfolio | -9.65% | 5.78% | 35.74% | 27.77% | -17.54% | 40.61% | 22.66% | 31.60% | -15.37% | 27.74% |
FDLSX Fidelity Select Leisure Portfolio | -5.65% | -5.30% | 20.17% | 30.14% | -15.27% | 21.66% | 18.59% | 28.78% | -7.65% | 29.09% |
Correlation
The correlation between FSLBX and FDLSX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 1985 | 0.72 |
The correlation between FSLBX and FDLSX shifts across timeframes, from 0.54 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSLBX vs. FDLSX — Risk / Return Rank
FSLBX
FDLSX
FSLBX vs. FDLSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) and Fidelity Select Leisure Portfolio (FDLSX). 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.
| FSLBX | FDLSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.83 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | -0.81 | +0.22 |
| Martin ratioReturn relative to average drawdown | -1.09 | -1.32 | +0.23 |
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Drawdowns
FSLBX vs. FDLSX - Drawdown Comparison
The maximum FSLBX drawdown since its inception was -68.20%, which is greater than FDLSX's maximum drawdown of -51.58%. Use the drawdown chart below to compare losses from any high point for FSLBX and FDLSX.
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Drawdown Indicators
| FSLBX | FDLSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.20% | -51.58% | -16.62% |
Max Drawdown (1Y)Largest decline over 1 year | -24.67% | -27.94% | +3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -26.06% | -28.33% | +2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -30.87% | -28.33% | -2.54% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -48.44% | +7.88% |
Current DrawdownCurrent decline from peak | -15.67% | -22.68% | +7.01% |
Average DrawdownAverage peak-to-trough decline | -14.88% | -8.97% | -5.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.27% | 17.49% | -4.22% |
Volatility
FSLBX vs. FDLSX - Volatility Comparison
Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) has a higher volatility of 6.78% compared to Fidelity Select Leisure Portfolio (FDLSX) at 5.05%. This indicates that FSLBX's price experiences larger fluctuations and is considered to be riskier than FDLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLBX | FDLSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.78% | 5.05% | +1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 17.33% | 15.16% | +2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.07% | 21.83% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.04% | 21.55% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.51% | 22.35% | +1.16% |
FSLBX vs. FDLSX - Expense Ratio Comparison
FSLBX has a 0.75% expense ratio, which is higher than FDLSX's 0.74% expense ratio.
Dividends
FSLBX vs. FDLSX - Dividend Comparison
FSLBX's dividend yield for the trailing twelve months is around 2.16%, less than FDLSX's 5.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDLSX Fidelity Select Leisure Portfolio | 5.47% | 9.12% | 7.41% | 1.64% | 3.32% | 22.77% | 2.36% | 6.43% | 19.76% | 6.33% | 1.01% | 5.42% |
FSLBX Fidelity Select Brokerage & Invmt Mgmt Portfolio | 2.16% | 0.67% | 0.69% | 1.22% | 2.09% | 1.39% | 3.08% | 4.25% | 8.94% | 5.46% | 1.25% | 6.37% |
Frequently Asked Questions
FSLBX and FDLSX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSLBX has higher volatility (6.78%) compared to FDLSX (5.05%). In terms of maximum drawdown, FSLBX dropped -68.20% vs FDLSX's -51.58%.
FSLBX currently has the higher Sharpe Ratio (-0.66 vs -1.04), 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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