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:
-0.57
SPY:
0.32
FSMEX:
-0.64
SPY:
0.51
FSMEX:
0.91
SPY:
1.07
FSMEX:
-0.30
SPY:
0.39
FSMEX:
-1.67
SPY:
1.52
FSMEX:
6.03%
SPY:
3.13%
FSMEX:
17.73%
SPY:
14.74%
FSMEX:
-43.45%
SPY:
-55.19%
FSMEX:
-33.89%
SPY:
-12.17%
Returns By Period
In the year-to-date period, FSMEX achieves a -5.03% return, which is significantly higher than SPY's -8.15% return. Over the past 10 years, FSMEX has underperformed SPY with an annualized return of 4.42%, while SPY has yielded a comparatively higher 11.89% annualized return.
FSMEX
-5.03%
-7.43%
-11.35%
-10.41%
3.36%
4.42%
SPY
-8.15%
-6.68%
-4.88%
4.64%
18.45%
11.89%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 1.34%.
| 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 | 1.34% | 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
The current volatility for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) is 6.95%, while SPDR S&P 500 ETF (SPY) has a volatility of 7.47%. This indicates that FSMEX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.