FSPCX vs. FSLBX
FSPCX (Fidelity Select Insurance Portfolio) and FSLBX (Fidelity Select Brokerage & Invmt Mgmt Portfolio) are both Financials Equities funds from Fidelity. Over the past 10 years, FSPCX returned 13.33%/yr vs 14.87%/yr for FSLBX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. FSPCX charges 0.62%/yr vs 0.75%/yr for FSLBX.
Performance
FSPCX vs. FSLBX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FSPCX achieves a 10.79% return, which is significantly higher than FSLBX's -7.48% return. Over the past 10 years, FSPCX has underperformed FSLBX with an annualized return of 13.33%, while FSLBX has yielded a comparatively higher 14.87% annualized return.
FSPCX
- 1D
- -1.94%
- 1M
- 2.00%
- 6M
- 12.61%
- YTD
- 10.79%
- 1Y
- 16.31%
- 3Y*
- 17.03%
- 5Y*
- 14.82%
- 10Y*
- 13.33%
- ALL TIME*
- 11.50%
FSLBX
- 1D
- 0.99%
- 1M
- 4.26%
- 6M
- -6.32%
- YTD
- -7.48%
- 1Y
- -10.29%
- 3Y*
- 14.98%
- 5Y*
- 8.98%
- 10Y*
- 14.87%
- ALL TIME*
- 11.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSPCX vs. FSLBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSPCX Fidelity Select Insurance Portfolio | 10.79% | 3.45% | 28.44% | 12.98% | 7.75% | 29.26% | 0.00% | 30.06% | -11.99% | 15.50% |
FSLBX Fidelity Select Brokerage & Invmt Mgmt Portfolio | -7.48% | 5.78% | 35.74% | 27.77% | -17.54% | 40.61% | 22.66% | 31.60% | -15.37% | 27.74% |
Correlation
The correlation between FSPCX and FSLBX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 1985 | 0.74 |
Over the past year, the correlation between FSPCX and FSLBX has dropped to 0.25 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FSPCX vs. FSLBX — Risk / Return Rank
FSPCX
FSLBX
FSPCX vs. FSLBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Insurance Portfolio (FSPCX) and Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX). 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 | FSLBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.92 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | -0.54 | +2.13 |
| Martin ratioReturn relative to average drawdown | 3.24 | -1.00 | +4.24 |
Loading charts...
Drawdowns
FSPCX vs. FSLBX - Drawdown Comparison
The maximum FSPCX drawdown since its inception was -69.48%, roughly equal to the maximum FSLBX drawdown of -68.20%. Use the drawdown chart below to compare losses from any high point for FSPCX and FSLBX.
Loading charts...
Drawdown Indicators
| FSPCX | FSLBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.48% | -68.20% | -1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -24.67% | +14.69% |
Max Drawdown (3Y)Largest decline over 3 years | -11.69% | -26.06% | +14.37% |
Max Drawdown (5Y)Largest decline over 5 years | -16.65% | -30.87% | +14.22% |
Max Drawdown (10Y)Largest decline over 10 years | -43.68% | -40.56% | -3.12% |
Current DrawdownCurrent decline from peak | -2.17% | -13.65% | +11.48% |
Average DrawdownAverage peak-to-trough decline | -9.68% | -14.88% | +5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 13.41% | -8.53% |
Volatility
FSPCX vs. FSLBX - Volatility Comparison
Fidelity Select Insurance Portfolio (FSPCX) has a higher volatility of 7.17% compared to Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) at 6.22%. This indicates that FSPCX's price experiences larger fluctuations and is considered to be riskier than FSLBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FSPCX | FSLBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.17% | 6.22% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 12.93% | 17.49% | -4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.55% | 22.23% | -5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.63% | 23.07% | -5.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.13% | 23.53% | -3.40% |
FSPCX vs. FSLBX - Expense Ratio Comparison
FSPCX has a 0.62% expense ratio, which is lower than FSLBX's 0.75% expense ratio.
Dividends
FSPCX vs. FSLBX - Dividend Comparison
FSPCX's dividend yield for the trailing twelve months is around 4.25%, more than FSLBX's 2.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLBX Fidelity Select Brokerage & Invmt Mgmt Portfolio | 2.11% | 0.67% | 0.69% | 1.22% | 2.09% | 1.39% | 3.08% | 4.25% | 8.94% | 5.46% | 1.25% | 6.37% |
FSPCX Fidelity Select Insurance Portfolio | 4.25% | 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 FSLBX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSPCX has higher volatility (7.17%) compared to FSLBX (6.22%). In terms of maximum drawdown, FSPCX dropped -69.48% vs FSLBX's -68.20%.
FSPCX currently has the higher Sharpe Ratio (0.96 vs -0.60), 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.
Find the right allocation for FSPCX and FSLBX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer