FSPCX vs. USD
FSPCX (Fidelity Select Insurance Portfolio) and USD (ProShares Ultra Semiconductors) are both funds - FSPCX is a Financials Equities fund managed by Fidelity, while USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Over the past 10 years, FSPCX returned 12.26%/yr vs 60.21%/yr for USD. At a 0.46 correlation, their price movements are largely independent. FSPCX charges 0.78%/yr vs 0.95%/yr for USD.
Performance
FSPCX vs. USD - 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 USD's 86.87% return. Over the past 10 years, FSPCX has underperformed USD with an annualized return of 12.26%, while USD has yielded a comparatively higher 60.21% 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%
USD
- 1D
- 2.08%
- 1M
- 2.49%
- YTD
- 86.87%
- 6M
- 97.77%
- 1Y
- 222.89%
- 3Y*
- 111.11%
- 5Y*
- 65.02%
- 10Y*
- 60.21%
FSPCX vs. USD - 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% |
USD ProShares Ultra Semiconductors | 86.87% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Correlation
The correlation between FSPCX and USD is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | 0.46 |
The correlation between FSPCX and USD shifts across timeframes, from -0.27 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSPCX vs. USD — Risk / Return Rank
FSPCX
USD
FSPCX vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Insurance Portfolio (FSPCX) and ProShares Ultra Semiconductors (USD). 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 | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.41 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 6.58 | -6.59 |
| Martin ratioReturn relative to average drawdown | -0.03 | 18.43 | -18.45 |
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Drawdowns
FSPCX vs. USD - Drawdown Comparison
The maximum FSPCX drawdown since its inception was -69.48%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for FSPCX and USD.
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Drawdown Indicators
| FSPCX | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.48% | -88.63% | +19.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -31.80% | +21.82% |
Max Drawdown (3Y)Largest decline over 3 years | -11.69% | -64.46% | +52.77% |
Max Drawdown (5Y)Largest decline over 5 years | -16.65% | -77.85% | +61.20% |
Max Drawdown (10Y)Largest decline over 10 years | -43.68% | -77.85% | +34.17% |
Current DrawdownCurrent decline from peak | -5.50% | -13.67% | +8.17% |
Average DrawdownAverage peak-to-trough decline | -9.70% | -32.32% | +22.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 11.34% | -6.36% |
Volatility
FSPCX vs. USD - Volatility Comparison
The current volatility for Fidelity Select Insurance Portfolio (FSPCX) is 5.74%, while ProShares Ultra Semiconductors (USD) has a volatility of 29.56%. This indicates that FSPCX experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSPCX | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 29.56% | -23.82% |
Volatility (6M)Calculated over the trailing 6-month period | 11.31% | 52.44% | -41.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.53% | 65.34% | -49.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 77.19% | -59.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.12% | 69.61% | -49.49% |
FSPCX vs. USD - Expense Ratio Comparison
FSPCX has a 0.78% expense ratio, which is lower than USD's 0.95% expense ratio.
Dividends
FSPCX vs. USD - Dividend Comparison
FSPCX's dividend yield for the trailing twelve months is around 4.74%, more than USD's 0.25% 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% |
USD ProShares Ultra Semiconductors | 0.25% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
FSPCX and USD have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (29.56%) compared to FSPCX (5.74%). In terms of maximum drawdown, FSPCX dropped -69.48% vs USD's -88.63%.
USD currently has the higher Sharpe Ratio (3.20 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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