FSLBX vs. FSPCX
FSLBX (Fidelity Select Brokerage & Invmt Mgmt Portfolio) and FSPCX (Fidelity Select Insurance Portfolio) are both Financials Equities funds from Fidelity. Over the past 10 years, FSLBX returned 15.09%/yr vs 13.29%/yr for FSPCX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. FSLBX charges 0.75%/yr vs 0.62%/yr for FSPCX.
Performance
FSLBX vs. FSPCX - Performance Comparison
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Returns By Period
In the year-to-date period, FSLBX achieves a -7.19% return, which is significantly lower than FSPCX's 9.94% return. Over the past 10 years, FSLBX has outperformed FSPCX with an annualized return of 15.09%, while FSPCX has yielded a comparatively lower 13.29% annualized return.
FSLBX
- 1D
- 0.32%
- 1M
- 4.59%
- 6M
- -5.69%
- YTD
- -7.19%
- 1Y
- -10.01%
- 3Y*
- 15.07%
- 5Y*
- 9.05%
- 10Y*
- 15.09%
- ALL TIME*
- 11.28%
FSPCX
- 1D
- -0.76%
- 1M
- 1.22%
- 6M
- 11.62%
- YTD
- 9.94%
- 1Y
- 15.42%
- 3Y*
- 16.70%
- 5Y*
- 14.64%
- 10Y*
- 13.29%
- ALL TIME*
- 11.48%
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. FSPCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSLBX Fidelity Select Brokerage & Invmt Mgmt Portfolio | -7.19% | 5.78% | 35.74% | 27.77% | -17.54% | 40.61% | 22.66% | 31.60% | -15.37% | 27.74% |
FSPCX Fidelity Select Insurance Portfolio | 9.94% | 3.45% | 28.44% | 12.98% | 7.75% | 29.26% | 0.00% | 30.06% | -11.99% | 15.50% |
Correlation
The correlation between FSLBX and FSPCX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 1985 | 0.74 |
Over the past year, the correlation between FSLBX and FSPCX has dropped to 0.25 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
FSLBX vs. FSPCX — Risk / Return Rank
FSLBX
FSPCX
FSLBX vs. FSPCX - 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 Insurance Portfolio (FSPCX). 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 | FSPCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.16 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 1.41 | -1.91 |
| Martin ratioReturn relative to average drawdown | -0.93 | 2.87 | -3.80 |
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Drawdowns
FSLBX vs. FSPCX - Drawdown Comparison
The maximum FSLBX drawdown since its inception was -68.20%, roughly equal to the maximum FSPCX drawdown of -69.48%. Use the drawdown chart below to compare losses from any high point for FSLBX and FSPCX.
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Drawdown Indicators
| FSLBX | FSPCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.20% | -69.48% | +1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -24.67% | -9.98% | -14.69% |
Max Drawdown (3Y)Largest decline over 3 years | -26.06% | -11.69% | -14.37% |
Max Drawdown (5Y)Largest decline over 5 years | -30.87% | -16.65% | -14.22% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -43.68% | +3.12% |
Current DrawdownCurrent decline from peak | -13.38% | -2.92% | -10.46% |
Average DrawdownAverage peak-to-trough decline | -14.88% | -9.68% | -5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.43% | 4.88% | +8.55% |
Volatility
FSLBX vs. FSPCX - Volatility Comparison
The current volatility for Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) is 5.74%, while Fidelity Select Insurance Portfolio (FSPCX) has a volatility of 6.90%. This indicates that FSLBX experiences smaller price fluctuations and is considered to be less risky than FSPCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLBX | FSPCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 6.90% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 17.49% | 12.92% | +4.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.23% | 16.52% | +5.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.06% | 17.63% | +5.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.53% | 20.13% | +3.40% |
FSLBX vs. FSPCX - Expense Ratio Comparison
FSLBX has a 0.75% expense ratio, which is higher than FSPCX's 0.62% expense ratio.
Dividends
FSLBX vs. FSPCX - Dividend Comparison
FSLBX's dividend yield for the trailing twelve months is around 2.11%, less than FSPCX's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLBX Fidelity Select Brokerage & Invmt Mgmt Portfolio | 2.11% | 0.67% | 0.69% | 1.22% | 2.09% | 1.39% | 3.08% | 4.25% | 8.94% | 5.46% | 1.25% | 6.37% |
FSPCX Fidelity Select Insurance Portfolio | 4.28% | 3.35% | 8.72% | 8.48% | 0.74% | 8.40% | 8.80% | 6.90% | 32.69% | 12.52% | 2.81% | 3.11% |
Frequently Asked Questions
FSLBX and FSPCX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSPCX has higher volatility (6.90%) compared to FSLBX (5.74%). In terms of maximum drawdown, FSLBX dropped -68.20% vs FSPCX's -69.48%.
FSPCX currently has the higher Sharpe Ratio (0.85 vs -0.56), 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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