FSMEX vs. XLV
Compare and contrast key facts about Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Health Care Select Sector SPDR Fund (XLV).
FSMEX is managed by Fidelity. It was launched on Apr 28, 1998. XLV is a passively managed fund by State Street that tracks the performance of the Health Care Select Sector. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMEX or XLV.
Performance
FSMEX vs. XLV - Performance Comparison
Returns By Period
In the year-to-date period, FSMEX achieves a 9.64% return, which is significantly higher than XLV's 6.80% return. Over the past 10 years, FSMEX has underperformed XLV with an annualized return of 6.18%, while XLV has yielded a comparatively higher 9.46% annualized return.
FSMEX
9.64%
0.59%
6.77%
20.06%
3.08%
6.18%
XLV
6.80%
-4.69%
0.15%
12.17%
9.84%
9.46%
Key characteristics
| FSMEX | XLV | |
|---|---|---|
| Sharpe Ratio | 1.37 | 1.17 |
| Sortino Ratio | 1.97 | 1.66 |
| Omega Ratio | 1.24 | 1.21 |
| Calmar Ratio | 0.57 | 1.29 |
| Martin Ratio | 4.98 | 4.56 |
| Ulcer Index | 4.26% | 2.79% |
| Daily Std Dev | 15.43% | 10.84% |
| Max Drawdown | -43.45% | -39.18% |
| Current Drawdown | -23.96% | -8.06% |
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FSMEX vs. XLV - Expense Ratio Comparison
FSMEX has a 0.68% expense ratio, which is higher than XLV's 0.12% expense ratio.
Correlation
The correlation between FSMEX and XLV 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. XLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Health Care Select Sector SPDR Fund (XLV). 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. XLV - Dividend Comparison
FSMEX has not paid dividends to shareholders, while XLV's dividend yield for the trailing twelve months is around 1.58%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XLV Health Care Select Sector SPDR Fund | 1.58% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.58% | 1.47% | 1.60% | 1.43% | 1.35% | 1.52% |
Drawdowns
FSMEX vs. XLV - Drawdown Comparison
The maximum FSMEX drawdown since its inception was -43.45%, which is greater than XLV's maximum drawdown of -39.18%. Use the drawdown chart below to compare losses from any high point for FSMEX and XLV. For additional features, visit the drawdowns tool.
Volatility
FSMEX vs. XLV - Volatility Comparison
Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Health Care Select Sector SPDR Fund (XLV) have volatilities of 3.87% and 3.80%, 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.