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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMEX or VOO.
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.
Performance
FSMEX vs. VOO - Performance Comparison
Key characteristics
FSMEX:
0.31
VOO:
1.88
FSMEX:
0.51
VOO:
2.52
FSMEX:
1.07
VOO:
1.34
FSMEX:
0.17
VOO:
2.87
FSMEX:
1.04
VOO:
12.06
FSMEX:
5.02%
VOO:
2.01%
FSMEX:
16.72%
VOO:
12.80%
FSMEX:
-43.45%
VOO:
-33.99%
FSMEX:
-25.14%
VOO:
-1.31%
Returns By Period
In the year-to-date period, FSMEX achieves a 7.54% return, which is significantly higher than VOO's 2.69% return. Over the past 10 years, FSMEX has underperformed VOO with an annualized return of 6.50%, while VOO has yielded a comparatively higher 13.45% annualized return.
FSMEX
7.54%
7.54%
5.59%
3.63%
2.08%
6.50%
VOO
2.69%
2.69%
13.66%
24.67%
15.17%
13.45%
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. VOO - Expense Ratio Comparison
FSMEX has a 0.68% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FSMEX vs. VOO — Risk-Adjusted Performance Rank
FSMEX
VOO
FSMEX vs. VOO - 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 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.
Dividends
FSMEX vs. VOO - Dividend Comparison
FSMEX has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.21%.
| 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% |
VOO Vanguard S&P 500 ETF | 1.21% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FSMEX vs. VOO - Drawdown Comparison
The maximum FSMEX drawdown since its inception was -43.45%, 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. For additional features, visit the drawdowns tool.
Volatility
FSMEX vs. VOO - Volatility Comparison
Fidelity Select Medical Technology and Devices Portfolio (FSMEX) has a higher volatility of 4.28% compared to Vanguard S&P 500 ETF (VOO) at 3.94%. 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.