FSMEX vs. FXAIX
Compare and contrast key facts about Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Fidelity 500 Index Fund (FXAIX).
FSMEX is managed by Fidelity. It was launched on Apr 28, 1998. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMEX or FXAIX.
Correlation
The correlation between FSMEX and FXAIX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FSMEX vs. FXAIX - Performance Comparison
Key characteristics
FSMEX:
0.28
FXAIX:
2.20
FSMEX:
0.47
FXAIX:
2.93
FSMEX:
1.07
FXAIX:
1.41
FSMEX:
0.15
FXAIX:
3.26
FSMEX:
1.06
FXAIX:
14.39
FSMEX:
4.49%
FXAIX:
1.91%
FSMEX:
16.82%
FXAIX:
12.50%
FSMEX:
-43.45%
FXAIX:
-33.79%
FSMEX:
-29.70%
FXAIX:
-2.91%
Returns By Period
In the year-to-date period, FSMEX achieves a 1.37% return, which is significantly lower than FXAIX's 25.57% return. Over the past 10 years, FSMEX has underperformed FXAIX with an annualized return of 6.10%, while FXAIX has yielded a comparatively higher 12.86% annualized return.
FSMEX
1.37%
-6.59%
-0.95%
2.50%
0.88%
6.10%
FXAIX
25.57%
0.00%
8.86%
26.21%
14.72%
12.86%
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FSMEX vs. FXAIX - Expense Ratio Comparison
FSMEX has a 0.68% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
FSMEX vs. FXAIX - 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 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
FSMEX has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 0.88%.
| 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% |
FXAIX Fidelity 500 Index Fund | 0.88% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
FSMEX vs. FXAIX - Drawdown Comparison
The maximum FSMEX drawdown since its inception was -43.45%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FSMEX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FSMEX vs. FXAIX - Volatility Comparison
Fidelity Select Medical Technology and Devices Portfolio (FSMEX) has a higher volatility of 8.65% compared to Fidelity 500 Index Fund (FXAIX) at 3.70%. This indicates that FSMEX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.