FSPCX vs. PRCOX

Last updated Aug 1, 2026

FSPCX (Fidelity Select Insurance Portfolio) and PRCOX (T. Rowe Price U.S. Equity Research Fund) are both mutual funds - FSPCX is a Financials Equities fund managed by Fidelity, while PRCOX is a Large Cap Blend Equities fund actively managed by T. Rowe Price. Over the past 10 years, FSPCX returned 13.33%/yr vs 15.49%/yr for PRCOX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. FSPCX charges 0.78%/yr vs 0.42%/yr for PRCOX.

Performance

FSPCX vs. PRCOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Insurance Portfolio (FSPCX) and T. Rowe Price U.S. Equity Research Fund (PRCOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSPCX achieves a 10.79% return, which is significantly higher than PRCOX's 9.19% return. Over the past 10 years, FSPCX has underperformed PRCOX with an annualized return of 13.33%, while PRCOX has yielded a comparatively higher 15.49% 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%

PRCOX

• 1D: 1.65%
• 1M: -0.98%
• 6M: 7.45%
• YTD: 9.19%
• 1Y: 19.80%
• 3Y*: 19.25%
• 5Y*: 13.05%
• 10Y*: 15.49%
• ALL TIME*: 10.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSPCX Fidelity Select Insurance Portfolio	$0.00	$0.00	$0.00
PRCOX T. Rowe Price U.S. Equity Research Fund	$0.00	$0.00	$0.00

FSPCX vs. PRCOX - 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%
PRCOX T. Rowe Price U.S. Equity Research Fund	9.19%	16.34%	26.41%	29.82%	-18.80%	28.06%	19.82%	33.04%	-4.73%	23.80%

Correlation

The correlation between FSPCX and PRCOX is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.05
Correlation (3Y) Balances recent behavior with more history.	0.24
Correlation (5Y) Shows whether the relationship held over a longer period.	0.46
Correlation (10Y) Provides a long-term view across more market conditions.	0.57
Correlation (All Time) Calculated using the full available price history since Jan 3, 1995	0.71

The correlation between FSPCX and PRCOX shifts across timeframes, from -0.05 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FSPCX vs. PRCOX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FSPCX

FSPCX Risk / Return Rank: 31
FSPCX Sharpe Ratio Rank: 30
FSPCX Sortino Ratio Rank: 31
FSPCX Omega Ratio Rank: 31
FSPCX Calmar Ratio Rank: 40
FSPCX Martin Ratio Rank: 24

PRCOX

PRCOX Risk / Return Rank: 56
PRCOX Sharpe Ratio Rank: 54
PRCOX Sortino Ratio Rank: 53
PRCOX Omega Ratio Rank: 50
PRCOX Calmar Ratio Rank: 56
PRCOX Martin Ratio Rank: 67

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FSPCX vs. PRCOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Insurance Portfolio (FSPCX) and T. Rowe Price U.S. Equity Research Fund (PRCOX). 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	PRCOX	Difference
Sharpe ratio: Return per unit of total volatility	0.96	1.35	-0.39
Sortino ratio: Return per unit of downside risk	1.46	1.92	-0.46
Omega ratio: Gain probability vs. loss probability	1.18	1.24	-0.06
Calmar ratio: Return relative to maximum drawdown	1.59	1.90	-0.31
Martin ratio: Return relative to average drawdown	3.24	8.13	-4.89

FSPCX vs. PRCOX - Sharpe Ratio Comparison

The current FSPCX Sharpe Ratio is 0.96, which is comparable to the PRCOX Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of FSPCX and PRCOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FSPCX vs. PRCOX - Drawdown Comparison

The maximum FSPCX drawdown since its inception was -69.48%, which is greater than PRCOX's maximum drawdown of -53.96%. Use the drawdown chart below to compare losses from any high point for FSPCX and PRCOX.

Drawdown Indicators

	FSPCX	PRCOX	Difference
Max Drawdown Largest peak-to-trough decline	-69.48%	-53.96%	-15.52%
Max Drawdown (1Y) Largest decline over 1 year	-9.98%	-9.32%	-0.66%
Max Drawdown (3Y) Largest decline over 3 years	-11.69%	-19.39%	+7.70%
Max Drawdown (5Y) Largest decline over 5 years	-16.65%	-24.94%	+8.29%
Max Drawdown (10Y) Largest decline over 10 years	-43.68%	-34.42%	-9.26%
Current Drawdown Current decline from peak	-2.17%	-2.57%	+0.40%
Average Drawdown Average peak-to-trough decline	-9.68%	-9.14%	-0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.88%	2.17%	+2.71%

Volatility

FSPCX vs. PRCOX - Volatility Comparison

Fidelity Select Insurance Portfolio (FSPCX) has a higher volatility of 7.17% compared to T. Rowe Price U.S. Equity Research Fund (PRCOX) at 3.61%. This indicates that FSPCX's price experiences larger fluctuations and is considered to be riskier than PRCOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSPCX	PRCOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.17%	3.61%	+3.56%
Volatility (6M) Calculated over the trailing 6-month period	12.93%	10.65%	+2.28%
Volatility (1Y) Calculated over the trailing 1-year period	16.55%	13.10%	+3.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.63%	17.48%	+0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.13%	18.36%	+1.77%

FSPCX vs. PRCOX - Expense Ratio Comparison

FSPCX has a 0.78% expense ratio, which is higher than PRCOX's 0.42% expense ratio.

Dividends

FSPCX vs. PRCOX - Dividend Comparison

FSPCX's dividend yield for the trailing twelve months is around 4.25%, more than PRCOX's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PRCOX T. Rowe Price U.S. Equity Research Fund	1.07%	1.17%	0.64%	1.17%	1.28%	3.71%	1.04%	1.39%	5.60%	7.02%	7.28%	8.76%

Frequently Asked Questions

Can I hold both FSPCX and PRCOX in my portfolio?

FSPCX and PRCOX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSPCX or PRCOX?

FSPCX has higher volatility (7.17%) compared to PRCOX (3.61%). In terms of maximum drawdown, FSPCX dropped -69.48% vs PRCOX's -53.96%.

Which has better risk-adjusted returns?

PRCOX currently has the higher Sharpe Ratio (1.35 vs 0.96), 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.