FSMEX vs. BST
FSMEX (Fidelity Select Medical Technology and Devices Portfolio) is Health & Biotech Equities fund actively managed by Fidelity, while BST (BlackRock Science and Technology Trust) is a stock. Over the past 10 years, FSMEX returned 9.67%/yr vs 19.13%/yr for BST. Their 0.53 correlation means they have sometimes moved together and sometimes differently.
Performance
FSMEX vs. BST - Performance Comparison
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Returns By Period
In the year-to-date period, FSMEX achieves a -7.61% return, which is significantly lower than BST's 22.43% return. Over the past 10 years, FSMEX has underperformed BST with an annualized return of 9.67%, while BST has yielded a comparatively higher 19.13% annualized return.
FSMEX
- 1D
- -1.12%
- 1M
- 0.10%
- 6M
- -5.06%
- YTD
- -7.61%
- 1Y
- 0.30%
- 3Y*
- 4.26%
- 5Y*
- -1.64%
- 10Y*
- 9.67%
- ALL TIME*
- 12.69%
BST
- 1D
- 3.00%
- 1M
- -1.24%
- 6M
- 20.38%
- YTD
- 22.43%
- 1Y
- 37.10%
- 3Y*
- 22.56%
- 5Y*
- 6.31%
- 10Y*
- 19.13%
- ALL TIME*
- 16.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.49M | $4.05M | $5.31M | |
| $0.00 | $0.00 | $0.00 |
FSMEX vs. BST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMEX Fidelity Select Medical Technology and Devices Portfolio | -7.61% | 8.13% | 18.37% | 0.62% | -24.84% | 24.56% | 30.18% | 29.58% | 15.98% | 26.66% |
BST BlackRock Science and Technology Trust | 22.43% | 23.65% | 17.96% | 30.07% | -38.28% | -0.35% | 69.27% | 34.57% | 8.84% | 57.43% |
Correlation
The correlation between FSMEX and BST is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2014 | 0.53 |
Over the past year, the correlation between FSMEX and BST has dropped to 0.15 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
FSMEX vs. BST — Risk / Return Rank
FSMEX
BST
FSMEX vs. BST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and BlackRock Science and Technology Trust (BST). 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.
| FSMEX | BST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.29 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 2.43 | -2.44 |
| Martin ratioReturn relative to average drawdown | -0.02 | 6.91 | -6.93 |
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Drawdowns
FSMEX vs. BST - Drawdown Comparison
The maximum FSMEX drawdown since its inception was -40.34%, smaller than the maximum BST drawdown of -47.72%. Use the drawdown chart below to compare losses from any high point for FSMEX and BST.
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Drawdown Indicators
| FSMEX | BST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.34% | -47.72% | +7.38% |
Max Drawdown (1Y)Largest decline over 1 year | -26.28% | -15.31% | -10.97% |
Max Drawdown (3Y)Largest decline over 3 years | -26.28% | -23.37% | -2.91% |
Max Drawdown (5Y)Largest decline over 5 years | -40.34% | -45.17% | +4.83% |
Max Drawdown (10Y)Largest decline over 10 years | -40.34% | -47.72% | +7.38% |
Current DrawdownCurrent decline from peak | -13.48% | -5.54% | -7.94% |
Average DrawdownAverage peak-to-trough decline | -7.81% | -12.88% | +5.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.48% | 5.38% | +7.10% |
Volatility
FSMEX vs. BST - Volatility Comparison
The current volatility for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) is 6.43%, while BlackRock Science and Technology Trust (BST) has a volatility of 8.63%. This indicates that FSMEX experiences smaller price fluctuations and is considered to be less risky than BST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMEX | BST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.43% | 8.63% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 16.56% | 19.45% | -2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.02% | 22.20% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.35% | 24.08% | -2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 26.01% | -5.12% |
Dividends
FSMEX vs. BST - Dividend Comparison
FSMEX's dividend yield for the trailing twelve months is around 19.65%, more than BST's 8.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BST BlackRock Science and Technology Trust | 8.82% | 10.36% | 8.21% | 8.91% | 10.57% | 5.38% | 3.85% | 10.52% | 6.41% | 4.80% | 6.69% | 6.93% |
FSMEX Fidelity Select Medical Technology and Devices Portfolio | 19.65% | 10.53% | 17.04% | 0.00% | 1.80% | 8.12% | 6.65% | 1.77% | 7.47% | 6.26% | 5.84% | 16.35% |
Frequently Asked Questions
FSMEX and BST have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BST has higher volatility (8.63%) compared to FSMEX (6.43%). In terms of maximum drawdown, FSMEX dropped -40.34% vs BST's -47.72%.
BST currently has the higher Sharpe Ratio (1.68 vs -0.01), 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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