PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FSMEX vs. XLV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FSMEXXLV
YTD Return10.57%9.17%
1Y Return30.42%17.76%
3Y Return (Ann)-7.54%4.88%
5Y Return (Ann)3.67%10.98%
10Y Return (Ann)6.54%9.94%
Sharpe Ratio2.081.75
Sortino Ratio2.912.45
Omega Ratio1.361.32
Calmar Ratio0.792.07
Martin Ratio7.727.72
Ulcer Index4.23%2.39%
Daily Std Dev15.67%10.51%
Max Drawdown-43.45%-39.18%
Current Drawdown-23.32%-6.02%

Correlation

-0.50.00.51.00.7

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.

Performance

FSMEX vs. XLV - Performance Comparison

In the year-to-date period, FSMEX achieves a 10.57% return, which is significantly higher than XLV's 9.17% return. Over the past 10 years, FSMEX has underperformed XLV with an annualized return of 6.54%, while XLV has yielded a comparatively higher 9.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-4.00%-2.00%0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
7.31%
2.98%
FSMEX
XLV

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. XLV - Expense Ratio Comparison

FSMEX has a 0.68% expense ratio, which is higher than XLV's 0.12% 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 XLV: current value at 0.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.12%

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.


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 market0.005.0010.0015.0020.000.79
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
XLV
Sharpe ratio
The chart of Sharpe ratio for XLV, currently valued at 1.75, compared to the broader market0.002.004.001.75
Sortino ratio
The chart of Sortino ratio for XLV, currently valued at 2.45, compared to the broader market0.005.0010.002.45
Omega ratio
The chart of Omega ratio for XLV, currently valued at 1.32, compared to the broader market1.002.003.004.001.32
Calmar ratio
The chart of Calmar ratio for XLV, currently valued at 2.07, compared to the broader market0.005.0010.0015.0020.002.07
Martin ratio
The chart of Martin ratio for XLV, currently valued at 7.72, compared to the broader market0.0020.0040.0060.0080.00100.007.72

FSMEX vs. XLV - Sharpe Ratio Comparison

The current FSMEX Sharpe Ratio is 2.08, which is comparable to the XLV Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of FSMEX and XLV, 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 Ratio0.000.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
2.08
1.75
FSMEX
XLV

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 1.54%.


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%
XLV
Health Care Select Sector SPDR Fund
1.54%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.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-23.32%
-6.02%
FSMEX
XLV

Volatility

FSMEX vs. XLV - Volatility Comparison

Fidelity Select Medical Technology and Devices Portfolio (FSMEX) has a higher volatility of 4.01% compared to Health Care Select Sector SPDR Fund (XLV) at 3.06%. 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.


2.00%3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
4.01%
3.06%
FSMEX
XLV