FSPCX vs. DXJ
FSPCX (Fidelity Select Insurance Portfolio) and DXJ (WisdomTree Japan Hedged Equity Fund) are both funds - FSPCX is a Financials Equities fund managed by Fidelity, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Over the past 10 years, FSPCX returned 12.26%/yr vs 18.72%/yr for DXJ. A 0.55 correlation means they provide meaningful diversification when combined. FSPCX charges 0.78%/yr vs 0.48%/yr for DXJ.
Performance
FSPCX vs. DXJ - Performance Comparison
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Returns By Period
In the year-to-date period, FSPCX achieves a -0.79% return, which is significantly lower than DXJ's 18.74% return. Over the past 10 years, FSPCX has underperformed DXJ with an annualized return of 12.26%, while DXJ has yielded a comparatively higher 18.72% annualized return.
FSPCX
- 1D
- 0.03%
- 1M
- 2.47%
- YTD
- -0.79%
- 6M
- -0.60%
- 1Y
- -0.58%
- 3Y*
- 14.50%
- 5Y*
- 11.71%
- 10Y*
- 12.26%
DXJ
- 1D
- 0.74%
- 1M
- 0.35%
- YTD
- 18.74%
- 6M
- 19.84%
- 1Y
- 54.41%
- 3Y*
- 30.91%
- 5Y*
- 26.01%
- 10Y*
- 18.72%
FSPCX vs. DXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSPCX Fidelity Select Insurance Portfolio | -0.79% | 3.45% | 28.44% | 12.98% | 7.75% | 29.26% | 0.00% | 30.06% | -11.99% | 15.50% |
DXJ WisdomTree Japan Hedged Equity Fund | 18.74% | 32.78% | 29.83% | 42.04% | 5.96% | 17.99% | 3.94% | 18.94% | -19.78% | 22.81% |
Correlation
The correlation between FSPCX and DXJ is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006 | 0.55 |
Over the past year, the correlation between FSPCX and DXJ has dropped to 0.14 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
FSPCX vs. DXJ — Risk / Return Rank
FSPCX
DXJ
FSPCX vs. DXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Insurance Portfolio (FSPCX) and WisdomTree Japan Hedged Equity Fund (DXJ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSPCX | DXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.03 | ||
| Sortino ratioReturn per unit of downside risk | -3.94 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.54 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 4.88 | -4.90 |
| Martin ratioReturn relative to average drawdown | -0.03 | 18.93 | -18.96 |
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Drawdowns
FSPCX vs. DXJ - Drawdown Comparison
The maximum FSPCX drawdown since its inception was -69.48%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for FSPCX and DXJ.
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Drawdown Indicators
| FSPCX | DXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.48% | -49.63% | -19.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -10.98% | +1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -11.69% | -22.19% | +10.50% |
Max Drawdown (5Y)Largest decline over 5 years | -16.65% | -22.19% | +5.54% |
Max Drawdown (10Y)Largest decline over 10 years | -43.68% | -39.14% | -4.54% |
Current DrawdownCurrent decline from peak | -5.50% | -1.34% | -4.16% |
Average DrawdownAverage peak-to-trough decline | -9.70% | -14.32% | +4.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 2.83% | +2.15% |
Volatility
FSPCX vs. DXJ - Volatility Comparison
Fidelity Select Insurance Portfolio (FSPCX) has a higher volatility of 5.74% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 4.64%. This indicates that FSPCX's price experiences larger fluctuations and is considered to be riskier than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSPCX | DXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 4.64% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 11.31% | 13.56% | -2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.53% | 17.73% | -2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 19.02% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.12% | 20.17% | -0.05% |
FSPCX vs. DXJ - Expense Ratio Comparison
FSPCX has a 0.78% expense ratio, which is higher than DXJ's 0.48% expense ratio.
Dividends
FSPCX vs. DXJ - Dividend Comparison
FSPCX's dividend yield for the trailing twelve months is around 4.74%, more than DXJ's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJ WisdomTree Japan Hedged Equity Fund | 1.09% | 1.29% | 3.48% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% |
FSPCX Fidelity Select Insurance Portfolio | 4.74% | 3.35% | 8.72% | 8.48% | 0.74% | 8.40% | 8.80% | 6.90% | 32.69% | 12.52% | 2.81% | 3.11% |
Frequently Asked Questions
FSPCX and DXJ have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSPCX has higher volatility (5.74%) compared to DXJ (4.64%). In terms of maximum drawdown, FSPCX dropped -69.48% vs DXJ's -49.63%.
DXJ currently has the higher Sharpe Ratio (3.02 vs -0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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