FSPHX vs. XLV
FSPHX (Fidelity® Select Health Care Portfolio) and XLV (State Street Health Care Select Sector SPDR ETF) are both Health & Biotech Equities funds. FSPHX is actively managed, while XLV is passively managed. Over the past 10 years, FSPHX returned 9.33%/yr vs 9.80%/yr for XLV. Their correlation of 0.81 means they have usually moved in the same direction. FSPHX charges 0.62%/yr vs 0.08%/yr for XLV.
Performance
FSPHX vs. XLV - Performance Comparison
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Returns By Period
In the year-to-date period, FSPHX achieves a 8.26% return, which is significantly higher than XLV's 5.61% return. Over the past 10 years, FSPHX has underperformed XLV with an annualized return of 9.33%, while XLV has yielded a comparatively higher 9.80% annualized return.
FSPHX
- 1D
- -0.11%
- 1M
- -3.05%
- 6M
- 8.26%
- YTD
- 8.26%
- 1Y
- 19.90%
- 3Y*
- 8.66%
- 5Y*
- 2.62%
- 10Y*
- 9.33%
- ALL TIME*
- 14.31%
XLV
- 1D
- -0.09%
- 1M
- -1.00%
- 6M
- 6.09%
- YTD
- 5.61%
- 1Y
- 24.00%
- 3Y*
- 8.79%
- 5Y*
- 5.73%
- 10Y*
- 9.80%
- ALL TIME*
- 8.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.64B | $1.62B | $1.65B |
FSPHX vs. XLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSPHX Fidelity® Select Health Care Portfolio | 8.26% | 9.36% | 4.91% | 4.13% | -12.82% | 11.58% | 24.57% | 31.48% | 7.15% | 23.83% |
XLV State Street Health Care Select Sector SPDR ETF | 5.61% | 14.50% | 2.47% | 2.07% | -2.08% | 26.04% | 13.30% | 20.45% | 6.28% | 21.77% |
Correlation
The correlation between FSPHX and XLV is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998 | 0.81 |
The correlation between FSPHX and XLV has been stable across timeframes, ranging from 0.73 to 0.83 - a consistent structural relationship.
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Return for Risk
FSPHX vs. XLV — Risk / Return Rank
FSPHX
XLV
FSPHX vs. XLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity® Select Health Care Portfolio (FSPHX) and State Street Health Care Select Sector SPDR ETF (XLV). 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.
| FSPHX | XLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.27 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 2.30 | -1.13 |
| Martin ratioReturn relative to average drawdown | 2.49 | 5.50 | -3.01 |
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Drawdowns
FSPHX vs. XLV - Drawdown Comparison
The maximum FSPHX drawdown since its inception was -44.45%, which is greater than XLV's maximum drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for FSPHX and XLV.
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Drawdown Indicators
| FSPHX | XLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.45% | -39.17% | -5.28% |
Max Drawdown (1Y)Largest decline over 1 year | -18.32% | -10.47% | -7.85% |
Max Drawdown (3Y)Largest decline over 3 years | -18.32% | -17.11% | -1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -17.11% | -12.20% |
Max Drawdown (10Y)Largest decline over 10 years | -29.31% | -28.40% | -0.91% |
Current DrawdownCurrent decline from peak | -4.27% | -3.09% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -9.81% | -7.09% | -2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.62% | 4.38% | +4.24% |
Volatility
FSPHX vs. XLV - Volatility Comparison
Fidelity® Select Health Care Portfolio (FSPHX) and State Street Health Care Select Sector SPDR ETF (XLV) have volatilities of 5.07% and 5.31%, 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
| FSPHX | XLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.07% | 5.31% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.62% | 12.05% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.77% | 15.63% | +3.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.60% | 15.03% | +3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.06% | 16.67% | +2.39% |
FSPHX vs. XLV - Expense Ratio Comparison
FSPHX has a 0.62% expense ratio, which is higher than XLV's 0.08% expense ratio.
Dividends
FSPHX vs. XLV - Dividend Comparison
FSPHX's dividend yield for the trailing twelve months is around 11.25%, more than XLV's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPHX Fidelity® Select Health Care Portfolio | 11.25% | 4.16% | 10.77% | 0.00% | 2.13% | 9.06% | 11.29% | 1.35% | 9.02% | 2.27% | 0.18% | 11.63% |
XLV State Street Health Care Select Sector SPDR ETF | 1.56% | 1.60% | 1.67% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.57% | 1.47% | 1.60% | 1.43% |
Frequently Asked Questions
FSPHX and XLV have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLV has higher volatility (5.31%) compared to FSPHX (5.07%). In terms of maximum drawdown, FSPHX dropped -44.45% vs XLV's -39.17%.
XLV currently has the higher Sharpe Ratio (1.55 vs 1.15), 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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