FSPCX vs. FAFDX
FSPCX (Fidelity Select Insurance Portfolio) and FAFDX (Fidelity Advisor Financial Services Fund Class A) are both Financials Equities funds. Over the past 10 years, FSPCX returned 12.57%/yr vs 14.40%/yr for FAFDX. Their correlation of 0.85 suggests significant overlap in exposure. FSPCX charges 0.78%/yr vs 1.03%/yr for FAFDX.
Performance
FSPCX vs. FAFDX - Performance Comparison
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Returns By Period
In the year-to-date period, FSPCX achieves a -1.11% return, which is significantly lower than FAFDX's 2.79% return. Over the past 10 years, FSPCX has underperformed FAFDX with an annualized return of 12.57%, while FAFDX has yielded a comparatively higher 14.40% annualized return.
FSPCX
- 1D
- 0.29%
- 1M
- 0.38%
- YTD
- -1.11%
- 6M
- -1.93%
- 1Y
- -2.13%
- 3Y*
- 14.12%
- 5Y*
- 12.61%
- 10Y*
- 12.57%
FAFDX
- 1D
- 0.73%
- 1M
- 4.34%
- YTD
- 2.79%
- 6M
- 1.20%
- 1Y
- 13.08%
- 3Y*
- 25.86%
- 5Y*
- 12.78%
- 10Y*
- 14.40%
FSPCX vs. FAFDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSPCX Fidelity Select Insurance Portfolio | -1.11% | 3.45% | 28.44% | 12.98% | 7.75% | 29.26% | 0.00% | 30.06% | -11.99% | 15.50% |
FAFDX Fidelity Advisor Financial Services Fund Class A | 2.79% | 14.91% | 39.01% | 14.03% | -8.93% | 32.90% | -0.25% | 33.77% | -16.09% | 20.17% |
Correlation
The correlation between FSPCX and FAFDX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 1996 | 0.85 |
Over the past year, the correlation between FSPCX and FAFDX has dropped to 0.62 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
FSPCX vs. FAFDX — Risk / Return Rank
FSPCX
FAFDX
FSPCX vs. FAFDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Insurance Portfolio (FSPCX) and Fidelity Advisor Financial Services Fund Class A (FAFDX). 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 | FAFDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.17 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 1.15 | -1.23 |
| Martin ratioReturn relative to average drawdown | -0.16 | 3.24 | -3.40 |
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Drawdowns
FSPCX vs. FAFDX - Drawdown Comparison
The maximum FSPCX drawdown since its inception was -69.48%, smaller than the maximum FAFDX drawdown of -75.69%. Use the drawdown chart below to compare losses from any high point for FSPCX and FAFDX.
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Drawdown Indicators
| FSPCX | FAFDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.48% | -75.69% | +6.21% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -13.04% | +3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -11.69% | -19.41% | +7.72% |
Max Drawdown (5Y)Largest decline over 5 years | -16.65% | -25.14% | +8.49% |
Max Drawdown (10Y)Largest decline over 10 years | -43.68% | -45.99% | +2.31% |
Current DrawdownCurrent decline from peak | -5.80% | -0.46% | -5.34% |
Average DrawdownAverage peak-to-trough decline | -9.70% | -17.63% | +7.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 4.59% | +0.42% |
Volatility
FSPCX vs. FAFDX - Volatility Comparison
Fidelity Select Insurance Portfolio (FSPCX) has a higher volatility of 5.06% compared to Fidelity Advisor Financial Services Fund Class A (FAFDX) at 4.39%. This indicates that FSPCX's price experiences larger fluctuations and is considered to be riskier than FAFDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSPCX | FAFDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 4.39% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 12.20% | -1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.48% | 16.09% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.48% | 21.03% | -3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.12% | 23.88% | -3.76% |
FSPCX vs. FAFDX - Expense Ratio Comparison
FSPCX has a 0.78% expense ratio, which is lower than FAFDX's 1.03% expense ratio.
Dividends
FSPCX vs. FAFDX - Dividend Comparison
FSPCX's dividend yield for the trailing twelve months is around 4.76%, less than FAFDX's 6.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAFDX Fidelity Advisor Financial Services Fund Class A | 6.74% | 6.93% | 9.59% | 2.29% | 5.93% | 4.21% | 2.47% | 1.21% | 4.00% | 0.06% | 0.21% | 0.53% |
FSPCX Fidelity Select Insurance Portfolio | 4.76% | 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 FAFDX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSPCX has higher volatility (5.06%) compared to FAFDX (4.39%). In terms of maximum drawdown, FSPCX dropped -69.48% vs FAFDX's -75.69%.
FAFDX currently has the higher Sharpe Ratio (0.93 vs -0.05), 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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