FSMEX vs. FSHCX
Compare and contrast key facts about Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Fidelity Select Health Care Services Portfolio (FSHCX).
FSMEX is managed by Fidelity. It was launched on Apr 28, 1998. FSHCX is managed by Fidelity. It was launched on Jun 30, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMEX or FSHCX.
Key characteristics
| FSMEX | FSHCX | |
|---|---|---|
| YTD Return | 10.93% | -4.18% |
| 1Y Return | 33.72% | 0.58% |
| 3Y Return (Ann) | -7.46% | -2.45% |
| 5Y Return (Ann) | 4.10% | 6.45% |
| 10Y Return (Ann) | 6.54% | 4.95% |
| Sharpe Ratio | 1.94 | -0.02 |
| Sortino Ratio | 2.70 | 0.08 |
| Omega Ratio | 1.34 | 1.01 |
| Calmar Ratio | 0.72 | -0.02 |
| Martin Ratio | 7.25 | -0.04 |
| Ulcer Index | 4.23% | 6.68% |
| Daily Std Dev | 15.83% | 15.75% |
| Max Drawdown | -43.45% | -57.77% |
| Current Drawdown | -23.07% | -11.30% |
Correlation
The correlation between FSMEX and FSHCX is 0.65, 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.
Performance
FSMEX vs. FSHCX - Performance Comparison
In the year-to-date period, FSMEX achieves a 10.93% return, which is significantly higher than FSHCX's -4.18% return. Over the past 10 years, FSMEX has outperformed FSHCX with an annualized return of 6.54%, while FSHCX has yielded a comparatively lower 4.95% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSMEX vs. FSHCX - Expense Ratio Comparison
FSMEX has a 0.68% expense ratio, which is lower than FSHCX's 0.71% expense ratio.
Risk-Adjusted Performance
FSMEX vs. FSHCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Fidelity Select Health Care Services Portfolio (FSHCX). 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.
Dividends
FSMEX vs. FSHCX - Dividend Comparison
FSMEX has not paid dividends to shareholders, while FSHCX's dividend yield for the trailing twelve months is around 0.37%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMEX Fidelity Select Medical Technology and Devices Portfolio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.00% | 11.71% | 5.17% | 9.84% |
FSHCX Fidelity Select Health Care Services Portfolio | 0.37% | 0.35% | 0.23% | 0.21% | 0.76% | 0.27% | 0.12% | 0.11% | 0.16% | 1.91% | 3.52% | 5.98% |
Drawdowns
FSMEX vs. FSHCX - Drawdown Comparison
The maximum FSMEX drawdown since its inception was -43.45%, smaller than the maximum FSHCX drawdown of -57.77%. Use the drawdown chart below to compare losses from any high point for FSMEX and FSHCX. For additional features, visit the drawdowns tool.
Volatility
FSMEX vs. FSHCX - Volatility Comparison
The current volatility for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) is 4.09%, while Fidelity Select Health Care Services Portfolio (FSHCX) has a volatility of 6.58%. This indicates that FSMEX experiences smaller price fluctuations and is considered to be less risky than FSHCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.