FSMEX vs. XLV
Compare and contrast key facts about Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and State Street Health Care Select Sector SPDR ETF (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 Index. It was launched on Dec 16, 1998.
Performance
FSMEX vs. XLV - Performance Comparison
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FSMEX vs. XLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMEX Fidelity Select Medical Technology and Devices Portfolio | -17.58% | 8.13% | 18.37% | 0.62% | -24.84% | 24.56% | 30.18% | 29.58% | 15.98% | 26.66% |
XLV State Street Health Care Select Sector SPDR ETF | -4.90% | 14.50% | 2.47% | 2.07% | -2.08% | 26.04% | 13.30% | 20.45% | 6.28% | 21.77% |
Returns By Period
In the year-to-date period, FSMEX achieves a -17.58% return, which is significantly lower than XLV's -4.90% return. Over the past 10 years, FSMEX has outperformed XLV with an annualized return of 10.46%, while XLV has yielded a comparatively lower 9.72% annualized return.
FSMEX
- 1D
- -0.58%
- 1M
- -11.19%
- YTD
- -17.58%
- 6M
- -11.01%
- 1Y
- -8.83%
- 3Y*
- 0.36%
- 5Y*
- -0.71%
- 10Y*
- 10.46%
XLV
- 1D
- 1.94%
- 1M
- -8.11%
- YTD
- -4.90%
- 6M
- 6.23%
- 1Y
- 2.20%
- 3Y*
- 5.98%
- 5Y*
- 6.42%
- 10Y*
- 9.72%
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FSMEX vs. XLV - Expense Ratio Comparison
FSMEX has a 0.68% expense ratio, which is higher than XLV's 0.08% expense ratio.
Return for Risk
FSMEX vs. XLV — Risk / Return Rank
FSMEX
XLV
FSMEX vs. XLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and State Street Health Care Select Sector SPDR ETF (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.
| FSMEX | XLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.41 | 0.12 | -0.53 |
Sortino ratioReturn per unit of downside risk | -0.46 | 0.30 | -0.75 |
Omega ratioGain probability vs. loss probability | 0.94 | 1.04 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | -0.48 | 0.28 | -0.76 |
Martin ratioReturn relative to average drawdown | -1.55 | 0.57 | -2.12 |
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 | XLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.41 | 0.12 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.44 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.59 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.46 | +0.19 |
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.
Dividends
FSMEX vs. XLV - Dividend Comparison
FSMEX's dividend yield for the trailing twelve months is around 12.78%, more than XLV's 1.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMEX Fidelity Select Medical Technology and Devices Portfolio | 12.78% | 10.53% | 17.04% | 0.00% | 1.80% | 8.12% | 6.65% | 1.77% | 7.47% | 6.26% | 5.84% | 16.35% |
XLV State Street Health Care Select Sector SPDR ETF | 1.71% | 1.60% | 1.67% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.57% | 1.47% | 1.60% | 1.43% |
Drawdowns
FSMEX vs. XLV - Drawdown Comparison
The maximum FSMEX drawdown since its inception was -40.34%, roughly equal to the maximum XLV drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for FSMEX and XLV.
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Drawdown Indicators
| FSMEX | XLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.34% | -39.17% | -1.17% |
Max Drawdown (1Y)Largest decline over 1 year | -21.04% | -10.76% | -10.28% |
Max Drawdown (5Y)Largest decline over 5 years | -40.34% | -17.11% | -23.23% |
Max Drawdown (10Y)Largest decline over 10 years | -40.34% | -28.40% | -11.94% |
Current DrawdownCurrent decline from peak | -22.82% | -8.11% | -14.71% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -7.12% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 5.75% | +0.75% |
Volatility
FSMEX vs. XLV - Volatility Comparison
Fidelity Select Medical Technology and Devices Portfolio (FSMEX) has a higher volatility of 5.85% compared to State Street Health Care Select Sector SPDR ETF (XLV) at 4.73%. This indicates that FSMEX's price experiences larger fluctuations and is considered to be riskier than XLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMEX | XLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 4.73% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 10.53% | +1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.03% | 17.74% | +3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.75% | 14.56% | +6.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.59% | 16.53% | +4.06% |