FSMEX vs. VOO
Compare and contrast key facts about Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Vanguard S&P 500 ETF (VOO).
FSMEX is managed by Fidelity. It was launched on Apr 28, 1998. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
FSMEX vs. VOO - Performance Comparison
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FSMEX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMEX Fidelity Select Medical Technology and Devices Portfolio | -15.85% | 8.13% | 18.37% | 0.62% | -24.84% | 24.56% | 30.18% | 29.58% | 15.98% | 26.66% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, FSMEX achieves a -15.85% return, which is significantly lower than VOO's -3.66% return. Over the past 10 years, FSMEX has underperformed VOO with an annualized return of 10.69%, while VOO has yielded a comparatively higher 14.14% annualized return.
FSMEX
- 1D
- 2.09%
- 1M
- -8.17%
- YTD
- -15.85%
- 6M
- -10.43%
- 1Y
- -6.29%
- 3Y*
- 1.05%
- 5Y*
- -0.41%
- 10Y*
- 10.69%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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FSMEX vs. VOO - Expense Ratio Comparison
FSMEX has a 0.68% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
FSMEX vs. VOO — Risk / Return Rank
FSMEX
VOO
FSMEX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Vanguard S&P 500 ETF (VOO). 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.
| FSMEX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.33 | 1.01 | -1.34 |
Sortino ratioReturn per unit of downside risk | -0.34 | 1.53 | -1.87 |
Omega ratioGain probability vs. loss probability | 0.96 | 1.23 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | -0.31 | 1.55 | -1.86 |
Martin ratioReturn relative to average drawdown | -0.99 | 7.31 | -8.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSMEX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.33 | 1.01 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.71 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.79 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.83 | -0.18 |
Correlation
The correlation between FSMEX and VOO 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.
Dividends
FSMEX vs. VOO - Dividend Comparison
FSMEX's dividend yield for the trailing twelve months is around 12.52%, more than VOO's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMEX Fidelity Select Medical Technology and Devices Portfolio | 12.52% | 10.53% | 17.04% | 0.00% | 1.80% | 8.12% | 6.65% | 1.77% | 7.47% | 6.26% | 5.84% | 16.35% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
FSMEX vs. VOO - Drawdown Comparison
The maximum FSMEX drawdown since its inception was -40.34%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FSMEX and VOO.
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Drawdown Indicators
| FSMEX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.34% | -33.99% | -6.35% |
Max Drawdown (1Y)Largest decline over 1 year | -21.04% | -11.98% | -9.06% |
Max Drawdown (5Y)Largest decline over 5 years | -40.34% | -24.52% | -15.82% |
Max Drawdown (10Y)Largest decline over 10 years | -40.34% | -33.99% | -6.35% |
Current DrawdownCurrent decline from peak | -21.20% | -5.55% | -15.65% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -3.72% | -3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.62% | 2.55% | +4.07% |
Volatility
FSMEX vs. VOO - Volatility Comparison
Fidelity Select Medical Technology and Devices Portfolio (FSMEX) has a higher volatility of 6.36% compared to Vanguard S&P 500 ETF (VOO) at 5.34%. This indicates that FSMEX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMEX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 5.34% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.51% | 9.47% | +3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.09% | 18.11% | +2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.76% | 16.82% | +3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.60% | 17.99% | +2.61% |