FSPCX vs. TQQQ
FSPCX (Fidelity Select Insurance Portfolio) and TQQQ (ProShares UltraPro QQQ) are both funds - FSPCX is a Financials Equities fund managed by Fidelity, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 10 years, FSPCX returned 12.26%/yr vs 44.55%/yr for TQQQ. A 0.52 correlation means they provide meaningful diversification when combined. FSPCX charges 0.78%/yr vs 0.95%/yr for TQQQ.
Performance
FSPCX vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, FSPCX achieves a -0.79% return, which is significantly lower than TQQQ's 47.28% return. Over the past 10 years, FSPCX has underperformed TQQQ with an annualized return of 12.26%, while TQQQ has yielded a comparatively higher 44.55% annualized 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%
TQQQ
- 1D
- 1.99%
- 1M
- 2.89%
- YTD
- 47.28%
- 6M
- 47.23%
- 1Y
- 114.36%
- 3Y*
- 59.79%
- 5Y*
- 24.34%
- 10Y*
- 44.55%
FSPCX vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSPCX Fidelity Select Insurance Portfolio | -0.79% | 3.45% | 28.44% | 12.98% | 7.75% | 29.26% | 0.00% | 30.06% | -11.99% | 15.50% |
TQQQ ProShares UltraPro QQQ | 47.28% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
Correlation
The correlation between FSPCX and TQQQ is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | 0.52 |
The correlation between FSPCX and TQQQ shifts across timeframes, from -0.08 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSPCX vs. TQQQ — Risk / Return Rank
FSPCX
TQQQ
FSPCX vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Insurance Portfolio (FSPCX) and ProShares UltraPro QQQ (TQQQ). 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 | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.32 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 2.89 | -2.90 |
| Martin ratioReturn relative to average drawdown | -0.03 | 9.26 | -9.28 |
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Drawdowns
FSPCX vs. TQQQ - Drawdown Comparison
The maximum FSPCX drawdown since its inception was -69.48%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for FSPCX and TQQQ.
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Drawdown Indicators
| FSPCX | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.48% | -81.66% | +12.18% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -36.97% | +26.99% |
Max Drawdown (3Y)Largest decline over 3 years | -11.69% | -58.04% | +46.35% |
Max Drawdown (5Y)Largest decline over 5 years | -16.65% | -81.66% | +65.01% |
Max Drawdown (10Y)Largest decline over 10 years | -43.68% | -81.66% | +37.98% |
Current DrawdownCurrent decline from peak | -5.50% | -11.12% | +5.62% |
Average DrawdownAverage peak-to-trough decline | -9.70% | -18.51% | +8.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 11.52% | -6.54% |
Volatility
FSPCX vs. TQQQ - Volatility Comparison
The current volatility for Fidelity Select Insurance Portfolio (FSPCX) is 5.74%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 22.79%. This indicates that FSPCX experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSPCX | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 22.79% | -17.05% |
Volatility (6M)Calculated over the trailing 6-month period | 11.31% | 41.26% | -29.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.53% | 51.24% | -35.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 67.02% | -49.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.12% | 66.22% | -46.10% |
FSPCX vs. TQQQ - Expense Ratio Comparison
FSPCX has a 0.78% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Dividends
FSPCX vs. TQQQ - Dividend Comparison
FSPCX's dividend yield for the trailing twelve months is around 4.74%, more than TQQQ's 0.41% 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% |
TQQQ ProShares UltraPro QQQ | 0.41% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Frequently Asked Questions
FSPCX and TQQQ have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (22.79%) compared to FSPCX (5.74%). In terms of maximum drawdown, FSPCX dropped -69.48% vs TQQQ's -81.66%.
TQQQ currently has the higher Sharpe Ratio (2.09 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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