PortfoliosLab logo
FSMEX vs. XLV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FSMEX and XLV is 0.74, 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.


-0.50.00.51.0
Correlation: 0.7

Performance

FSMEX vs. XLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Health Care Select Sector SPDR Fund (XLV). The values are adjusted to include any dividend payments, if applicable.

1,000.00%1,500.00%2,000.00%2,500.00%NovemberDecember2025FebruaryMarchApril
2,228.37%
709.28%
FSMEX
XLV

Key characteristics

Sharpe Ratio

FSMEX:

-0.11

XLV:

-0.05

Sortino Ratio

FSMEX:

-0.03

XLV:

0.03

Omega Ratio

FSMEX:

1.00

XLV:

1.00

Calmar Ratio

FSMEX:

-0.08

XLV:

-0.05

Martin Ratio

FSMEX:

-0.41

XLV:

-0.12

Ulcer Index

FSMEX:

5.32%

XLV:

6.00%

Daily Std Dev

FSMEX:

19.42%

XLV:

14.30%

Max Drawdown

FSMEX:

-40.34%

XLV:

-39.17%

Current Drawdown

FSMEX:

-24.69%

XLV:

-11.14%

Returns By Period

In the year-to-date period, FSMEX achieves a -6.26% return, which is significantly lower than XLV's 0.74% return. Over the past 10 years, FSMEX has outperformed XLV with an annualized return of 10.09%, while XLV has yielded a comparatively lower 8.56% annualized return.


FSMEX

YTD

-6.26%

1M

-3.73%

6M

-4.77%

1Y

-1.72%

5Y*

5.42%

10Y*

10.09%

XLV

YTD

0.74%

1M

-4.48%

6M

-6.31%

1Y

0.23%

5Y*

8.49%

10Y*

8.56%

*Annualized

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.


Expense ratio chart for FSMEX: current value is 0.68%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FSMEX: 0.68%
Expense ratio chart for XLV: current value is 0.12%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
XLV: 0.12%

Risk-Adjusted Performance

FSMEX vs. XLV — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSMEX
The Risk-Adjusted Performance Rank of FSMEX is 1717
Overall Rank
The Sharpe Ratio Rank of FSMEX is 1818
Sharpe Ratio Rank
The Sortino Ratio Rank of FSMEX is 1717
Sortino Ratio Rank
The Omega Ratio Rank of FSMEX is 1818
Omega Ratio Rank
The Calmar Ratio Rank of FSMEX is 1818
Calmar Ratio Rank
The Martin Ratio Rank of FSMEX is 1515
Martin Ratio Rank

XLV
The Risk-Adjusted Performance Rank of XLV is 1818
Overall Rank
The Sharpe Ratio Rank of XLV is 1919
Sharpe Ratio Rank
The Sortino Ratio Rank of XLV is 1717
Sortino Ratio Rank
The Omega Ratio Rank of XLV is 1717
Omega Ratio Rank
The Calmar Ratio Rank of XLV is 1818
Calmar Ratio Rank
The Martin Ratio Rank of XLV is 1919
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for FSMEX, currently valued at -0.11, compared to the broader market-1.000.001.002.003.00
FSMEX: -0.11
XLV: -0.05
The chart of Sortino ratio for FSMEX, currently valued at -0.03, compared to the broader market-2.000.002.004.006.008.00
FSMEX: -0.03
XLV: 0.03
The chart of Omega ratio for FSMEX, currently valued at 1.00, compared to the broader market0.501.001.502.002.503.00
FSMEX: 1.00
XLV: 1.00
The chart of Calmar ratio for FSMEX, currently valued at -0.08, compared to the broader market0.002.004.006.008.0010.00
FSMEX: -0.08
XLV: -0.05
The chart of Martin ratio for FSMEX, currently valued at -0.41, compared to the broader market0.0010.0020.0030.0040.0050.00
FSMEX: -0.41
XLV: -0.12

The current FSMEX Sharpe Ratio is -0.11, which is lower than the XLV Sharpe Ratio of -0.05. 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 Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.11
-0.05
FSMEX
XLV

Dividends

FSMEX vs. XLV - Dividend Comparison

FSMEX's dividend yield for the trailing twelve months is around 7.96%, more than XLV's 1.69% yield.


TTM20242023202220212020201920182017201620152014
FSMEX
Fidelity Select Medical Technology and Devices Portfolio
7.96%9.58%0.00%1.80%8.12%6.65%1.77%7.47%6.26%5.84%16.35%15.54%
XLV
Health Care Select Sector SPDR Fund
1.69%1.67%1.59%1.47%1.33%1.49%2.17%1.58%1.47%1.60%1.43%1.35%

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. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%NovemberDecember2025FebruaryMarchApril
-24.69%
-11.14%
FSMEX
XLV

Volatility

FSMEX vs. XLV - Volatility Comparison

Fidelity Select Medical Technology and Devices Portfolio (FSMEX) has a higher volatility of 12.95% compared to Health Care Select Sector SPDR Fund (XLV) at 9.15%. 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%4.00%6.00%8.00%10.00%12.00%NovemberDecember2025FebruaryMarchApril
12.95%
9.15%
FSMEX
XLV