FSLBX vs. SPY
Compare and contrast key facts about Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) and State Street SPDR S&P 500 ETF (SPY).
FSLBX is managed by Fidelity. It was launched on Jul 29, 1985. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
FSLBX vs. SPY - Performance Comparison
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FSLBX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSLBX Fidelity Select Brokerage & Invmt Mgmt Portfolio | -18.16% | 5.78% | 35.74% | 27.77% | -17.54% | 40.61% | 22.66% | 31.60% | -15.37% | 27.74% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FSLBX achieves a -18.16% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, FSLBX has underperformed SPY with an annualized return of 13.24%, while SPY has yielded a comparatively higher 13.98% annualized return.
FSLBX
- 1D
- 1.40%
- 1M
- -5.61%
- YTD
- -18.16%
- 6M
- -20.14%
- 1Y
- -6.85%
- 3Y*
- 14.06%
- 5Y*
- 9.43%
- 10Y*
- 13.24%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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FSLBX vs. SPY - Expense Ratio Comparison
FSLBX has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
FSLBX vs. SPY — Risk / Return Rank
FSLBX
SPY
FSLBX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.24 | 0.93 | -1.17 |
Sortino ratioReturn per unit of downside risk | -0.16 | 1.45 | -1.61 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.22 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | -0.35 | 1.53 | -1.88 |
Martin ratioReturn relative to average drawdown | -0.93 | 7.30 | -8.23 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.24 | 0.93 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.69 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.78 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.56 | -0.12 |
Correlation
The correlation between FSLBX and SPY is 0.80, 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. SPY - Dividend Comparison
FSLBX's dividend yield for the trailing twelve months is around 0.82%, less than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLBX Fidelity Select Brokerage & Invmt Mgmt Portfolio | 0.82% | 0.67% | 0.69% | 1.22% | 2.09% | 1.39% | 3.08% | 4.25% | 8.94% | 5.46% | 1.25% | 6.37% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FSLBX vs. SPY - Drawdown Comparison
The maximum FSLBX drawdown since its inception was -68.20%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSLBX and SPY.
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Drawdown Indicators
| FSLBX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.20% | -55.19% | -13.01% |
Max Drawdown (1Y)Largest decline over 1 year | -24.67% | -12.05% | -12.62% |
Max Drawdown (5Y)Largest decline over 5 years | -30.87% | -24.50% | -6.37% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -33.72% | -6.84% |
Current DrawdownCurrent decline from peak | -23.61% | -6.24% | -17.37% |
Average DrawdownAverage peak-to-trough decline | -14.86% | -9.09% | -5.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.25% | 2.52% | +6.73% |
Volatility
FSLBX vs. SPY - Volatility Comparison
Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) has a higher volatility of 6.18% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that FSLBX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLBX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 5.31% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 17.15% | 9.47% | +7.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.03% | 19.05% | +7.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.76% | 17.06% | +5.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.67% | 17.92% | +5.75% |