FSMEX vs. FSPTX
FSMEX (Fidelity Select Medical Technology and Devices Portfolio) and FSPTX (Fidelity Select Technology Portfolio) are both mutual funds - FSMEX is a Health & Biotech Equities fund actively managed by Fidelity, while FSPTX is a Technology Equities fund actively managed by Fidelity. Both are actively managed. Over the past 10 years, FSMEX returned 9.67%/yr vs 25.76%/yr for FSPTX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. FSMEX charges 0.62%/yr vs 0.61%/yr for FSPTX.
Performance
FSMEX vs. FSPTX - 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 FSPTX's 30.43% return. Over the past 10 years, FSMEX has underperformed FSPTX with an annualized return of 9.67%, while FSPTX has yielded a comparatively higher 25.76% 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%
FSPTX
- 1D
- 0.31%
- 1M
- -2.34%
- 6M
- 27.54%
- YTD
- 30.43%
- 1Y
- 46.56%
- 3Y*
- 33.43%
- 5Y*
- 19.92%
- 10Y*
- 25.76%
- ALL TIME*
- 14.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSMEX vs. FSPTX - 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% |
FSPTX Fidelity Select Technology Portfolio | 30.43% | 23.37% | 41.76% | 59.83% | -36.91% | 21.99% | 63.95% | 51.08% | -9.03% | 49.75% |
Correlation
The correlation between FSMEX and FSPTX is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 1998 | 0.62 |
Over the past year, the correlation between FSMEX and FSPTX has dropped to 0.17 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
FSMEX vs. FSPTX — Risk / Return Rank
FSMEX
FSPTX
FSMEX vs. FSPTX - 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 Select Technology Portfolio (FSPTX). 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 | FSPTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.28 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 2.91 | -2.92 |
| Martin ratioReturn relative to average drawdown | -0.02 | 8.25 | -8.27 |
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Drawdowns
FSMEX vs. FSPTX - Drawdown Comparison
The maximum FSMEX drawdown since its inception was -40.34%, smaller than the maximum FSPTX drawdown of -84.37%. Use the drawdown chart below to compare losses from any high point for FSMEX and FSPTX.
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Drawdown Indicators
| FSMEX | FSPTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.34% | -84.37% | +44.03% |
Max Drawdown (1Y)Largest decline over 1 year | -26.28% | -14.87% | -11.41% |
Max Drawdown (3Y)Largest decline over 3 years | -26.28% | -29.22% | +2.94% |
Max Drawdown (5Y)Largest decline over 5 years | -40.34% | -42.16% | +1.82% |
Max Drawdown (10Y)Largest decline over 10 years | -40.34% | -42.16% | +1.82% |
Current DrawdownCurrent decline from peak | -13.48% | -11.40% | -2.08% |
Average DrawdownAverage peak-to-trough decline | -7.81% | -26.95% | +19.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.48% | 5.24% | +7.24% |
Volatility
FSMEX vs. FSPTX - Volatility Comparison
The current volatility for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) is 6.43%, while Fidelity Select Technology Portfolio (FSPTX) has a volatility of 8.18%. This indicates that FSMEX experiences smaller price fluctuations and is considered to be less risky than FSPTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMEX | FSPTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.43% | 8.18% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 16.56% | 21.15% | -4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.02% | 25.62% | -5.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.35% | 28.03% | -6.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 26.29% | -5.40% |
FSMEX vs. FSPTX - Expense Ratio Comparison
FSMEX has a 0.62% expense ratio, which is higher than FSPTX's 0.61% expense ratio.
Dividends
FSMEX vs. FSPTX - Dividend Comparison
FSMEX's dividend yield for the trailing twelve months is around 19.65%, more than FSPTX's 8.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSPTX Fidelity Select Technology Portfolio | 8.32% | 9.06% | 9.42% | 0.01% | 3.95% | 11.62% | 18.86% | 1.86% | 23.77% | 8.32% | 1.54% | 4.19% |
Frequently Asked Questions
FSMEX and FSPTX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSPTX has higher volatility (8.18%) compared to FSMEX (6.43%). In terms of maximum drawdown, FSMEX dropped -40.34% vs FSPTX's -84.37%.
FSPTX currently has the higher Sharpe Ratio (1.69 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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