FSPCX vs. MAGS
FSPCX (Fidelity Select Insurance Portfolio) and MAGS (Roundhill Magnificent Seven ETF) are both funds - FSPCX is a Financials Equities fund managed by Fidelity, while MAGS is a Technology Equities fund actively managed by Roundhill. Over the past 3 years, FSPCX returned 14.50%/yr vs 31.29%/yr for MAGS. At a 0.04 correlation, their price movements are largely independent. FSPCX charges 0.78%/yr vs 0.29%/yr for MAGS.
Performance
FSPCX vs. MAGS - Performance Comparison
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Returns By Period
In the year-to-date period, FSPCX achieves a -0.79% return, which is significantly higher than MAGS's -1.59% 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%
MAGS
- 1D
- 0.00%
- 1M
- -7.06%
- YTD
- -1.59%
- 6M
- -0.43%
- 1Y
- 23.92%
- 3Y*
- 31.29%
- 5Y*
- —
- 10Y*
- —
FSPCX vs. MAGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FSPCX Fidelity Select Insurance Portfolio | -0.79% | 3.45% | 28.44% | 15.76% |
MAGS Roundhill Magnificent Seven ETF | -1.59% | 22.99% | 63.97% | 35.74% |
Correlation
The correlation between FSPCX and MAGS is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2023 | 0.04 |
The correlation between FSPCX and MAGS shifts across timeframes, from -0.06 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSPCX vs. MAGS — Risk / Return Rank
FSPCX
MAGS
FSPCX vs. MAGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Insurance Portfolio (FSPCX) and Roundhill Magnificent Seven ETF (MAGS). 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 | MAGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.20 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 1.25 | -1.26 |
| Martin ratioReturn relative to average drawdown | -0.03 | 4.21 | -4.23 |
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Drawdowns
FSPCX vs. MAGS - Drawdown Comparison
The maximum FSPCX drawdown since its inception was -69.48%, which is greater than MAGS's maximum drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for FSPCX and MAGS.
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Drawdown Indicators
| FSPCX | MAGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.48% | -29.91% | -39.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -18.62% | +8.64% |
Max Drawdown (3Y)Largest decline over 3 years | -11.69% | -29.91% | +18.22% |
Max Drawdown (5Y)Largest decline over 5 years | -16.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.68% | — | — |
Current DrawdownCurrent decline from peak | -5.50% | -8.50% | +3.00% |
Average DrawdownAverage peak-to-trough decline | -9.70% | -4.72% | -4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 5.50% | -0.52% |
Volatility
FSPCX vs. MAGS - Volatility Comparison
Fidelity Select Insurance Portfolio (FSPCX) and Roundhill Magnificent Seven ETF (MAGS) have volatilities of 5.74% and 5.86%, 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 | MAGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 5.86% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 11.31% | 15.07% | -3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.53% | 20.30% | -4.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 25.97% | -8.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.12% | 25.97% | -5.85% |
FSPCX vs. MAGS - Expense Ratio Comparison
FSPCX has a 0.78% expense ratio, which is higher than MAGS's 0.29% expense ratio.
Dividends
FSPCX vs. MAGS - Dividend Comparison
FSPCX's dividend yield for the trailing twelve months is around 4.74%, more than MAGS's 1.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MAGS Roundhill Magnificent Seven ETF | 1.50% | 1.48% | 0.81% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSPCX and MAGS have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAGS has higher volatility (5.86%) compared to FSPCX (5.74%). In terms of maximum drawdown, FSPCX dropped -69.48% vs MAGS's -29.91%.
MAGS currently has the higher Sharpe Ratio (1.14 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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