FSMEX vs. SPY
Compare and contrast key facts about Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and SPDR S&P 500 ETF (SPY).
FSMEX is managed by Fidelity. It was launched on Apr 28, 1998. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMEX or SPY.
Correlation
The correlation between FSMEX and SPY is 0.73, 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. SPY - Performance Comparison
Key characteristics
FSMEX:
0.31
SPY:
1.88
FSMEX:
0.51
SPY:
2.52
FSMEX:
1.07
SPY:
1.34
FSMEX:
0.17
SPY:
2.88
FSMEX:
1.04
SPY:
11.98
FSMEX:
5.02%
SPY:
2.02%
FSMEX:
16.72%
SPY:
12.78%
FSMEX:
-43.45%
SPY:
-55.19%
FSMEX:
-25.14%
SPY:
-1.30%
Returns By Period
In the year-to-date period, FSMEX achieves a 7.54% return, which is significantly higher than SPY's 2.69% return. Over the past 10 years, FSMEX has underperformed SPY with an annualized return of 6.50%, while SPY has yielded a comparatively higher 13.37% annualized return.
FSMEX
7.54%
7.54%
5.59%
3.63%
2.08%
6.50%
SPY
2.69%
2.69%
13.66%
24.60%
15.11%
13.37%
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FSMEX vs. SPY - Expense Ratio Comparison
FSMEX has a 0.68% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FSMEX vs. SPY — Risk-Adjusted Performance Rank
FSMEX
SPY
FSMEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
FSMEX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.
| 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% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FSMEX vs. SPY - Drawdown Comparison
The maximum FSMEX drawdown since its inception was -43.45%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSMEX and SPY. For additional features, visit the drawdowns tool.
Volatility
FSMEX vs. SPY - Volatility Comparison
Fidelity Select Medical Technology and Devices Portfolio (FSMEX) has a higher volatility of 4.28% compared to SPDR S&P 500 ETF (SPY) at 3.95%. This indicates that FSMEX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.