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FSMEX vs. VONG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FSMEX vs. VONG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Vanguard Russell 1000 Growth ETF (VONG). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
5.92%
14.23%
FSMEX
VONG

Returns By Period

In the year-to-date period, FSMEX achieves a 9.80% return, which is significantly lower than VONG's 30.63% return. Over the past 10 years, FSMEX has underperformed VONG with an annualized return of 6.21%, while VONG has yielded a comparatively higher 16.39% annualized return.


FSMEX

YTD

9.80%

1M

1.75%

6M

5.92%

1Y

20.24%

5Y (annualized)

3.11%

10Y (annualized)

6.21%

VONG

YTD

30.63%

1M

4.08%

6M

14.24%

1Y

36.29%

5Y (annualized)

19.51%

10Y (annualized)

16.39%

Key characteristics


FSMEXVONG
Sharpe Ratio1.312.17
Sortino Ratio1.892.83
Omega Ratio1.231.40
Calmar Ratio0.542.77
Martin Ratio4.7510.89
Ulcer Index4.26%3.33%
Daily Std Dev15.40%16.70%
Max Drawdown-43.45%-32.72%
Current Drawdown-23.85%-1.16%

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FSMEX vs. VONG - Expense Ratio Comparison

FSMEX has a 0.68% expense ratio, which is higher than VONG's 0.08% expense ratio.


FSMEX
Fidelity Select Medical Technology and Devices Portfolio
Expense ratio chart for FSMEX: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%
Expense ratio chart for VONG: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Correlation

-0.50.00.51.00.8

The correlation between FSMEX and VONG is 0.75, 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.

Risk-Adjusted Performance

FSMEX vs. VONG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Vanguard Russell 1000 Growth ETF (VONG). 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.


Sharpe ratio
The chart of Sharpe ratio for FSMEX, currently valued at 1.31, compared to the broader market-1.000.001.002.003.004.005.001.312.17
The chart of Sortino ratio for FSMEX, currently valued at 1.89, compared to the broader market0.005.0010.001.892.83
The chart of Omega ratio for FSMEX, currently valued at 1.23, compared to the broader market1.002.003.004.001.231.40
The chart of Calmar ratio for FSMEX, currently valued at 0.54, compared to the broader market0.005.0010.0015.0020.000.542.77
The chart of Martin ratio for FSMEX, currently valued at 4.75, compared to the broader market0.0020.0040.0060.0080.00100.004.7510.89
FSMEX
VONG

The current FSMEX Sharpe Ratio is 1.31, which is lower than the VONG Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of FSMEX and VONG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
1.31
2.17
FSMEX
VONG

Dividends

FSMEX vs. VONG - Dividend Comparison

FSMEX has not paid dividends to shareholders, while VONG's dividend yield for the trailing twelve months is around 0.59%.


TTM20232022202120202019201820172016201520142013
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%
VONG
Vanguard Russell 1000 Growth ETF
0.59%0.71%0.98%0.58%0.77%1.03%1.18%1.19%1.48%1.47%1.43%1.28%

Drawdowns

FSMEX vs. VONG - Drawdown Comparison

The maximum FSMEX drawdown since its inception was -43.45%, which is greater than VONG's maximum drawdown of -32.72%. Use the drawdown chart below to compare losses from any high point for FSMEX and VONG. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-23.85%
-1.16%
FSMEX
VONG

Volatility

FSMEX vs. VONG - Volatility Comparison

The current volatility for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) is 3.70%, while Vanguard Russell 1000 Growth ETF (VONG) has a volatility of 5.40%. This indicates that FSMEX experiences smaller price fluctuations and is considered to be less risky than VONG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%JuneJulyAugustSeptemberOctoberNovember
3.70%
5.40%
FSMEX
VONG