FSLBX vs. FNCL
Compare and contrast key facts about Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) and Fidelity MSCI Financials Index ETF (FNCL).
FSLBX is managed by Fidelity. It was launched on Jul 29, 1985. FNCL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Financials Index. It was launched on Oct 21, 2013.
Performance
FSLBX vs. FNCL - Performance Comparison
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FSLBX vs. FNCL - 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% |
FNCL Fidelity MSCI Financials Index ETF | -9.21% | 14.94% | 30.44% | 14.10% | -12.28% | 34.92% | -2.19% | 31.59% | -13.44% | 19.99% |
Returns By Period
In the year-to-date period, FSLBX achieves a -16.57% return, which is significantly lower than FNCL's -9.21% return. Over the past 10 years, FSLBX has outperformed FNCL with an annualized return of 13.45%, while FNCL 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%
FNCL
- 1D
- -0.04%
- 1M
- -3.56%
- YTD
- -9.21%
- 6M
- -6.36%
- 1Y
- 2.88%
- 3Y*
- 17.95%
- 5Y*
- 9.30%
- 10Y*
- 12.24%
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FSLBX vs. FNCL - Expense Ratio Comparison
FSLBX has a 0.75% expense ratio, which is higher than FNCL's 0.08% expense ratio.
Return for Risk
FSLBX vs. FNCL — Risk / Return Rank
FSLBX
FNCL
FSLBX vs. FNCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) and Fidelity MSCI Financials Index ETF (FNCL). 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 | FNCL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.19 | 0.14 | -0.33 |
Sortino ratioReturn per unit of downside risk | -0.08 | 0.33 | -0.41 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.05 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.19 | 0.18 | -0.37 |
Martin ratioReturn relative to average drawdown | -0.51 | 0.53 | -1.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSLBX | FNCL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | 0.14 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.48 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.55 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.52 | -0.07 |
Correlation
The correlation between FSLBX and FNCL is 0.88, 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.
Dividends
FSLBX vs. FNCL - Dividend Comparison
FSLBX's dividend yield for the trailing twelve months is around 0.80%, less than FNCL's 1.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLBX Fidelity Select Brokerage & Invmt Mgmt Portfolio | 0.80% | 0.67% | 0.69% | 1.22% | 2.09% | 1.39% | 3.08% | 4.25% | 8.94% | 5.46% | 1.25% | 6.37% |
FNCL Fidelity MSCI Financials Index ETF | 1.75% | 1.45% | 1.52% | 1.91% | 2.29% | 1.75% | 2.26% | 2.17% | 2.37% | 1.60% | 1.81% | 2.17% |
Drawdowns
FSLBX vs. FNCL - Drawdown Comparison
The maximum FSLBX drawdown since its inception was -68.20%, which is greater than FNCL's maximum drawdown of -44.38%. Use the drawdown chart below to compare losses from any high point for FSLBX and FNCL.
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Drawdown Indicators
| FSLBX | FNCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.20% | -44.38% | -23.82% |
Max Drawdown (1Y)Largest decline over 1 year | -24.67% | -14.78% | -9.89% |
Max Drawdown (5Y)Largest decline over 5 years | -30.87% | -25.68% | -5.19% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -44.38% | +3.82% |
Current DrawdownCurrent decline from peak | -22.14% | -11.97% | -10.17% |
Average DrawdownAverage peak-to-trough decline | -14.86% | -6.89% | -7.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.36% | 4.98% | +4.38% |
Volatility
FSLBX vs. FNCL - Volatility Comparison
Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) has a higher volatility of 6.45% compared to Fidelity MSCI Financials Index ETF (FNCL) at 4.88%. This indicates that FSLBX's price experiences larger fluctuations and is considered to be riskier than FNCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLBX | FNCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 4.88% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 17.21% | 11.74% | +5.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.05% | 19.99% | +7.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.77% | 19.33% | +3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.67% | 22.35% | +1.32% |