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

Key characteristics


FSMEXVOO
YTD Return10.57%26.88%
1Y Return30.42%37.59%
3Y Return (Ann)-7.54%10.23%
5Y Return (Ann)3.67%15.93%
10Y Return (Ann)6.54%13.41%
Sharpe Ratio2.083.06
Sortino Ratio2.914.08
Omega Ratio1.361.58
Calmar Ratio0.794.43
Martin Ratio7.7220.25
Ulcer Index4.23%1.85%
Daily Std Dev15.67%12.23%
Max Drawdown-43.45%-33.99%
Current Drawdown-23.32%-0.30%

Correlation

-0.50.00.51.00.8

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

In the year-to-date period, FSMEX achieves a 10.57% return, which is significantly lower than VOO's 26.88% return. Over the past 10 years, FSMEX has underperformed VOO with an annualized return of 6.54%, while VOO has yielded a comparatively higher 13.41% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
5.51%
13.46%
FSMEX
VOO

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.


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 VOO: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

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.


FSMEX
Sharpe ratio
The chart of Sharpe ratio for FSMEX, currently valued at 2.08, compared to the broader market0.002.004.002.08
Sortino ratio
The chart of Sortino ratio for FSMEX, currently valued at 2.91, compared to the broader market0.005.0010.002.91
Omega ratio
The chart of Omega ratio for FSMEX, currently valued at 1.36, compared to the broader market1.002.003.004.001.36
Calmar ratio
The chart of Calmar ratio for FSMEX, currently valued at 0.79, compared to the broader market0.005.0010.0015.0020.0025.000.79
Martin ratio
The chart of Martin ratio for FSMEX, currently valued at 7.72, compared to the broader market0.0020.0040.0060.0080.00100.007.72
VOO
Sharpe ratio
The chart of Sharpe ratio for VOO, currently valued at 3.06, compared to the broader market0.002.004.003.06
Sortino ratio
The chart of Sortino ratio for VOO, currently valued at 4.08, compared to the broader market0.005.0010.004.08
Omega ratio
The chart of Omega ratio for VOO, currently valued at 1.58, compared to the broader market1.002.003.004.001.58
Calmar ratio
The chart of Calmar ratio for VOO, currently valued at 4.43, compared to the broader market0.005.0010.0015.0020.0025.004.43
Martin ratio
The chart of Martin ratio for VOO, currently valued at 20.25, compared to the broader market0.0020.0040.0060.0080.00100.0020.25

FSMEX vs. VOO - Sharpe Ratio Comparison

The current FSMEX Sharpe Ratio is 2.08, which is lower than the VOO Sharpe Ratio of 3.06. The chart below compares the historical Sharpe Ratios of FSMEX and VOO, 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 Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
2.08
3.06
FSMEX
VOO

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 1.23%.


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%
VOO
Vanguard S&P 500 ETF
1.23%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%1.84%

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.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-23.32%
-0.30%
FSMEX
VOO

Volatility

FSMEX vs. VOO - Volatility Comparison

Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Vanguard S&P 500 ETF (VOO) have volatilities of 4.01% and 3.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
4.01%
3.89%
FSMEX
VOO