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FSMEX vs. FBDIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FSMEX vs. FBDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Franklin Biotechnology Discovery Fund (FBDIX). The values are adjusted to include any dividend payments, if applicable.

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FSMEX vs. FBDIX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FSMEX
Fidelity Select Medical Technology and Devices Portfolio
-17.58%8.13%18.37%0.62%-24.84%24.56%30.18%29.58%15.98%26.66%
FBDIX
Franklin Biotechnology Discovery Fund
-3.29%52.68%15.37%18.40%-12.65%-27.58%29.85%49.11%-15.77%18.83%

Returns By Period

In the year-to-date period, FSMEX achieves a -17.58% return, which is significantly lower than FBDIX's -3.29% return. Both investments have delivered pretty close results over the past 10 years, with FSMEX having a 10.46% annualized return and FBDIX not far behind at 10.22%.


FSMEX

1D
-0.58%
1M
-11.19%
YTD
-17.58%
6M
-11.01%
1Y
-8.83%
3Y*
0.36%
5Y*
-0.71%
10Y*
10.46%

FBDIX

1D
-0.30%
1M
-6.49%
YTD
-3.29%
6M
19.63%
1Y
54.72%
3Y*
25.99%
5Y*
6.18%
10Y*
10.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FSMEX vs. FBDIX - Expense Ratio Comparison

FSMEX has a 0.68% expense ratio, which is lower than FBDIX's 1.06% expense ratio.


Return for Risk

FSMEX vs. FBDIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSMEX
FSMEX Risk / Return Rank: 22
Overall Rank
FSMEX Sharpe Ratio Rank: 22
Sharpe Ratio Rank
FSMEX Sortino Ratio Rank: 22
Sortino Ratio Rank
FSMEX Omega Ratio Rank: 22
Omega Ratio Rank
FSMEX Calmar Ratio Rank: 22
Calmar Ratio Rank
FSMEX Martin Ratio Rank: 11
Martin Ratio Rank

FBDIX
FBDIX Risk / Return Rank: 9191
Overall Rank
FBDIX Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
FBDIX Sortino Ratio Rank: 9191
Sortino Ratio Rank
FBDIX Omega Ratio Rank: 8383
Omega Ratio Rank
FBDIX Calmar Ratio Rank: 9494
Calmar Ratio Rank
FBDIX Martin Ratio Rank: 9494
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSMEX vs. FBDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Franklin Biotechnology Discovery Fund (FBDIX). 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.


FSMEXFBDIXDifference

Sharpe ratio

Return per unit of total volatility

-0.41

1.99

-2.39

Sortino ratio

Return per unit of downside risk

-0.46

2.59

-3.04

Omega ratio

Gain probability vs. loss probability

0.94

1.33

-0.39

Calmar ratio

Return relative to maximum drawdown

-0.48

3.04

-3.52

Martin ratio

Return relative to average drawdown

-1.55

12.26

-13.81

FSMEX vs. FBDIX - Sharpe Ratio Comparison

The current FSMEX Sharpe Ratio is -0.41, which is lower than the FBDIX Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of FSMEX and FBDIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


FSMEXFBDIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.41

1.99

-2.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.03

0.24

-0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.51

0.39

+0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.40

+0.25

Correlation

The correlation between FSMEX and FBDIX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Dividends

FSMEX vs. FBDIX - Dividend Comparison

FSMEX's dividend yield for the trailing twelve months is around 12.78%, more than FBDIX's 11.18% yield.


TTM20252024202320222021202020192018201720162015
FSMEX
Fidelity Select Medical Technology and Devices Portfolio
12.78%10.53%17.04%0.00%1.80%8.12%6.65%1.77%7.47%6.26%5.84%16.35%
FBDIX
Franklin Biotechnology Discovery Fund
11.18%10.81%19.53%0.00%0.13%0.98%14.50%18.77%3.72%2.39%4.57%8.42%

Drawdowns

FSMEX vs. FBDIX - Drawdown Comparison

The maximum FSMEX drawdown since its inception was -40.34%, smaller than the maximum FBDIX drawdown of -71.44%. Use the drawdown chart below to compare losses from any high point for FSMEX and FBDIX.


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Drawdown Indicators


FSMEXFBDIXDifference

Max Drawdown

Largest peak-to-trough decline

-40.34%

-71.44%

+31.10%

Max Drawdown (1Y)

Largest decline over 1 year

-21.04%

-12.39%

-8.65%

Max Drawdown (5Y)

Largest decline over 5 years

-40.34%

-46.83%

+6.49%

Max Drawdown (10Y)

Largest decline over 10 years

-40.34%

-53.67%

+13.33%

Current Drawdown

Current decline from peak

-22.82%

-7.38%

-15.44%

Average Drawdown

Average peak-to-trough decline

-7.66%

-28.90%

+21.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.50%

3.98%

+2.52%

Volatility

FSMEX vs. FBDIX - Volatility Comparison

The current volatility for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) is 5.85%, while Franklin Biotechnology Discovery Fund (FBDIX) has a volatility of 7.62%. This indicates that FSMEX experiences smaller price fluctuations and is considered to be less risky than FBDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FSMEXFBDIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.85%

7.62%

-1.77%

Volatility (6M)

Calculated over the trailing 6-month period

12.32%

15.74%

-3.42%

Volatility (1Y)

Calculated over the trailing 1-year period

21.03%

25.50%

-4.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.75%

25.47%

-4.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.59%

26.35%

-5.76%