FSLBX vs. IAI
Compare and contrast key facts about Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI).
FSLBX is managed by Fidelity. It was launched on Jul 29, 1985. IAI is a passively managed fund by iShares that tracks the performance of the DJ US Select / Investment Services. It was launched on May 1, 2006.
Performance
FSLBX vs. IAI - Performance Comparison
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FSLBX vs. IAI - 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% |
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | -7.71% | 25.80% | 34.37% | 15.27% | -10.87% | 40.48% | 18.61% | 24.26% | -9.47% | 28.86% |
Returns By Period
In the year-to-date period, FSLBX achieves a -16.57% return, which is significantly lower than IAI's -7.71% return. Over the past 10 years, FSLBX has underperformed IAI with an annualized return of 13.45%, while IAI has yielded a comparatively higher 17.72% 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%
IAI
- 1D
- 0.40%
- 1M
- -3.75%
- YTD
- -7.71%
- 6M
- -4.59%
- 1Y
- 18.72%
- 3Y*
- 23.36%
- 5Y*
- 13.79%
- 10Y*
- 17.72%
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FSLBX vs. IAI - Expense Ratio Comparison
FSLBX has a 0.75% expense ratio, which is higher than IAI's 0.41% expense ratio.
Return for Risk
FSLBX vs. IAI — Risk / Return Rank
FSLBX
IAI
FSLBX vs. IAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI). 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 | IAI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.19 | 0.78 | -0.97 |
Sortino ratioReturn per unit of downside risk | -0.08 | 1.18 | -1.26 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.16 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | -0.19 | 1.15 | -1.34 |
Martin ratioReturn relative to average drawdown | -0.51 | 3.49 | -4.00 |
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 | IAI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | 0.78 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.65 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.78 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.27 | +0.18 |
Correlation
The correlation between FSLBX and IAI is 0.93, 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. IAI - Dividend Comparison
FSLBX's dividend yield for the trailing twelve months is around 0.80%, less than IAI's 1.17% 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% |
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 1.17% | 0.95% | 1.05% | 1.80% | 2.14% | 1.31% | 1.55% | 1.52% | 1.58% | 1.37% | 1.49% | 1.31% |
Drawdowns
FSLBX vs. IAI - Drawdown Comparison
The maximum FSLBX drawdown since its inception was -68.20%, smaller than the maximum IAI drawdown of -75.46%. Use the drawdown chart below to compare losses from any high point for FSLBX and IAI.
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Drawdown Indicators
| FSLBX | IAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.20% | -75.46% | +7.26% |
Max Drawdown (1Y)Largest decline over 1 year | -24.67% | -16.52% | -8.15% |
Max Drawdown (5Y)Largest decline over 5 years | -30.87% | -28.84% | -2.03% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -40.38% | -0.18% |
Current DrawdownCurrent decline from peak | -22.14% | -13.06% | -9.08% |
Average DrawdownAverage peak-to-trough decline | -14.86% | -22.80% | +7.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.36% | 5.45% | +3.91% |
Volatility
FSLBX vs. IAI - Volatility Comparison
Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) has a higher volatility of 6.45% compared to iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) at 6.14%. This indicates that FSLBX's price experiences larger fluctuations and is considered to be riskier than IAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLBX | IAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 6.14% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 17.21% | 15.26% | +1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.05% | 24.14% | +2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.77% | 21.38% | +1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.67% | 22.91% | +0.76% |