FSPCX vs. KIE
FSPCX (Fidelity Select Insurance Portfolio) and KIE (SPDR S&P Insurance ETF) are both Financials Equities funds. Over the past 10 years, FSPCX returned 12.74%/yr vs 12.28%/yr for KIE. With a 0.95 correlation, they move nearly in lockstep. FSPCX charges 0.78%/yr vs 0.35%/yr for KIE.
Performance
FSPCX vs. KIE - Performance Comparison
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Returns By Period
In the year-to-date period, FSPCX achieves a 5.62% return, which is significantly lower than KIE's 6.45% return. Both investments have delivered pretty close results over the past 10 years, with FSPCX having a 12.74% annualized return and KIE not far behind at 12.28%.
FSPCX
- 1D
- -2.30%
- 1M
- 5.78%
- 6M
- 8.78%
- YTD
- 5.62%
- 1Y
- 7.66%
- 3Y*
- 16.39%
- 5Y*
- 13.93%
- 10Y*
- 12.74%
KIE
- 1D
- 2.16%
- 1M
- 8.36%
- 6M
- 8.66%
- YTD
- 6.45%
- 1Y
- 12.81%
- 3Y*
- 17.15%
- 5Y*
- 12.85%
- 10Y*
- 12.28%
FSPCX vs. KIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSPCX Fidelity Select Insurance Portfolio | 5.62% | 3.45% | 28.44% | 12.98% | 7.75% | 29.26% | 0.00% | 30.06% | -11.99% | 15.50% |
KIE SPDR S&P Insurance ETF | 6.45% | 8.12% | 26.95% | 12.18% | 3.48% | 22.75% | -3.04% | 27.19% | -5.99% | 12.83% |
Correlation
The correlation between FSPCX and KIE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2005 | 0.95 |
The correlation between FSPCX and KIE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
FSPCX vs. KIE — Risk / Return Rank
FSPCX
KIE
FSPCX vs. KIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Insurance Portfolio (FSPCX) and SPDR S&P Insurance ETF (KIE). 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 | KIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.14 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.09 | -0.22 |
| Martin ratioReturn relative to average drawdown | 1.77 | 2.72 | -0.96 |
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Drawdowns
FSPCX vs. KIE - Drawdown Comparison
The maximum FSPCX drawdown since its inception was -69.48%, smaller than the maximum KIE drawdown of -75.30%. Use the drawdown chart below to compare losses from any high point for FSPCX and KIE.
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Drawdown Indicators
| FSPCX | KIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.48% | -75.30% | +5.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -11.81% | +1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -11.69% | -12.65% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -16.65% | -15.68% | -0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -43.68% | -44.31% | +0.63% |
Current DrawdownCurrent decline from peak | -4.15% | -1.54% | -2.61% |
Average DrawdownAverage peak-to-trough decline | -9.69% | -11.99% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 4.72% | +0.18% |
Volatility
FSPCX vs. KIE - Volatility Comparison
Fidelity Select Insurance Portfolio (FSPCX) and SPDR S&P Insurance ETF (KIE) have volatilities of 6.77% and 6.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSPCX | KIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.77% | 6.80% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 12.94% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.32% | 16.86% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.61% | 18.46% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.08% | 21.17% | -1.09% |
FSPCX vs. KIE - Expense Ratio Comparison
FSPCX has a 0.78% expense ratio, which is higher than KIE's 0.35% expense ratio.
Dividends
FSPCX vs. KIE - Dividend Comparison
FSPCX's dividend yield for the trailing twelve months is around 4.46%, more than KIE's 1.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPCX Fidelity Select Insurance Portfolio | 4.46% | 3.35% | 8.72% | 8.48% | 0.74% | 8.40% | 8.80% | 6.90% | 32.69% | 12.52% | 2.81% | 3.11% |
KIE SPDR S&P Insurance ETF | 1.54% | 1.57% | 1.48% | 1.45% | 1.90% | 1.95% | 1.85% | 1.76% | 1.83% | 1.56% | 1.55% | 1.65% |
Frequently Asked Questions
With a correlation of 0.92, FSPCX and KIE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
KIE has higher volatility (6.80%) compared to FSPCX (6.77%). In terms of maximum drawdown, FSPCX dropped -69.48% vs KIE's -75.30%.
KIE currently has the higher Sharpe Ratio (0.77 vs 0.53), 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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