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:
0.18
SPY:
2.21
FSMEX:
0.34
SPY:
2.93
FSMEX:
1.05
SPY:
1.41
FSMEX:
0.09
SPY:
3.26
FSMEX:
0.65
SPY:
14.40
FSMEX:
4.57%
SPY:
1.90%
FSMEX:
16.68%
SPY:
12.44%
FSMEX:
-43.45%
SPY:
-55.19%
FSMEX:
-29.18%
SPY:
-1.83%
Returns By Period
In the year-to-date period, FSMEX achieves a 2.11% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, FSMEX has underperformed SPY with an annualized return of 6.14%, while SPY has yielded a comparatively higher 13.04% annualized return.
FSMEX
2.11%
-7.00%
0.64%
2.98%
0.99%
6.14%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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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 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 1.19%.
| 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% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 8.59% compared to SPDR S&P 500 ETF (SPY) at 3.81%. 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.