FSMEX vs. FSIAX
Compare and contrast key facts about Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Fidelity Advisor Strategic Income Fund Class M (FSIAX).
FSMEX is managed by Fidelity. It was launched on Apr 28, 1998. FSIAX is managed by Fidelity. It was launched on Oct 31, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMEX or FSIAX.
Correlation
The correlation between FSMEX and FSIAX is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FSMEX vs. FSIAX - Performance Comparison
Key characteristics
FSMEX:
-0.28
FSIAX:
1.47
FSMEX:
-0.25
FSIAX:
2.19
FSMEX:
0.96
FSIAX:
1.28
FSMEX:
-0.15
FSIAX:
1.27
FSMEX:
-0.82
FSIAX:
5.56
FSMEX:
7.11%
FSIAX:
1.03%
FSMEX:
20.82%
FSIAX:
3.92%
FSMEX:
-43.45%
FSIAX:
-17.80%
FSMEX:
-33.56%
FSIAX:
-1.07%
Returns By Period
In the year-to-date period, FSMEX achieves a -4.55% return, which is significantly lower than FSIAX's 0.80% return. Over the past 10 years, FSMEX has outperformed FSIAX with an annualized return of 4.68%, while FSIAX has yielded a comparatively lower 2.73% annualized return.
FSMEX
-4.55%
-2.67%
-11.12%
-6.40%
0.91%
4.68%
FSIAX
0.80%
-0.26%
1.10%
6.28%
3.30%
2.73%
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FSMEX vs. FSIAX - Expense Ratio Comparison
FSMEX has a 0.68% expense ratio, which is lower than FSIAX's 0.96% expense ratio.
Risk-Adjusted Performance
FSMEX vs. FSIAX — Risk-Adjusted Performance Rank
FSMEX
FSIAX
FSMEX vs. FSIAX - 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 Advisor Strategic Income Fund Class M (FSIAX). 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. FSIAX - Dividend Comparison
FSMEX has not paid dividends to shareholders, while FSIAX's dividend yield for the trailing twelve months is around 4.46%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMEX Fidelity Select Medical Technology and Devices Portfolio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.00% | 11.71% | 5.17% |
FSIAX Fidelity Advisor Strategic Income Fund Class M | 4.46% | 5.19% | 4.99% | 4.20% | 2.44% | 3.06% | 3.18% | 3.94% | 3.11% | 3.23% | 3.46% | 5.09% |
Drawdowns
FSMEX vs. FSIAX - Drawdown Comparison
The maximum FSMEX drawdown since its inception was -43.45%, which is greater than FSIAX's maximum drawdown of -17.80%. Use the drawdown chart below to compare losses from any high point for FSMEX and FSIAX. For additional features, visit the drawdowns tool.
Volatility
FSMEX vs. FSIAX - Volatility Comparison
Fidelity Select Medical Technology and Devices Portfolio (FSMEX) has a higher volatility of 12.97% compared to Fidelity Advisor Strategic Income Fund Class M (FSIAX) at 1.84%. This indicates that FSMEX's price experiences larger fluctuations and is considered to be riskier than FSIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.