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.
Performance
FSMEX vs. FSIAX - Performance Comparison
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FSMEX vs. FSIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSIAX Fidelity Advisor Strategic Income Fund Class M | -0.88% | 8.59% | 5.03% | 8.83% | -12.06% | 3.22% | 7.30% | 10.76% | -2.93% | 7.54% |
Returns By Period
In the year-to-date period, FSMEX achieves a -17.58% return, which is significantly lower than FSIAX's -0.88% return. Over the past 10 years, FSMEX has outperformed FSIAX with an annualized return of 10.46%, while FSIAX has yielded a comparatively lower 3.85% annualized return.
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%
FSIAX
- 1D
- 0.00%
- 1M
- -2.66%
- YTD
- -0.88%
- 6M
- 0.34%
- 1Y
- 6.86%
- 3Y*
- 6.07%
- 5Y*
- 2.33%
- 10Y*
- 3.85%
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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.
Return for Risk
FSMEX vs. FSIAX — Risk / Return Rank
FSMEX
FSIAX
FSMEX vs. FSIAX - Risk-Adjusted Trends 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.
| FSMEX | FSIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.41 | 2.04 | -2.45 |
Sortino ratioReturn per unit of downside risk | -0.46 | 2.83 | -3.29 |
Omega ratioGain probability vs. loss probability | 0.94 | 1.41 | -0.47 |
Calmar ratioReturn relative to maximum drawdown | -0.48 | 2.71 | -3.19 |
Martin ratioReturn relative to average drawdown | -1.55 | 10.68 | -12.23 |
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
| FSMEX | FSIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.41 | 2.04 | -2.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.53 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.87 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 1.53 | -0.88 |
Correlation
The correlation between FSMEX and FSIAX is 0.24, 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.
Dividends
FSMEX vs. FSIAX - Dividend Comparison
FSMEX's dividend yield for the trailing twelve months is around 12.78%, more than FSIAX's 3.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSIAX Fidelity Advisor Strategic Income Fund Class M | 3.80% | 4.06% | 3.21% | 3.71% | 2.71% | 4.01% | 4.32% | 4.07% | 3.51% | 3.70% | 3.49% | 3.18% |
Drawdowns
FSMEX vs. FSIAX - Drawdown Comparison
The maximum FSMEX drawdown since its inception was -40.34%, which is greater than FSIAX's maximum drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for FSMEX and FSIAX.
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Drawdown Indicators
| FSMEX | FSIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.34% | -17.81% | -22.53% |
Max Drawdown (1Y)Largest decline over 1 year | -21.04% | -2.66% | -18.38% |
Max Drawdown (5Y)Largest decline over 5 years | -40.34% | -16.19% | -24.15% |
Max Drawdown (10Y)Largest decline over 10 years | -40.34% | -16.19% | -24.15% |
Current DrawdownCurrent decline from peak | -22.82% | -2.66% | -20.16% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -1.84% | -5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 0.67% | +5.83% |
Volatility
FSMEX vs. FSIAX - Volatility Comparison
Fidelity Select Medical Technology and Devices Portfolio (FSMEX) has a higher volatility of 5.85% compared to Fidelity Advisor Strategic Income Fund Class M (FSIAX) at 1.52%. 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.
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Volatility by Period
| FSMEX | FSIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 1.52% | +4.33% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 2.30% | +10.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.03% | 3.55% | +17.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.75% | 4.42% | +16.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.59% | 4.42% | +16.17% |