FSPTX vs. FLDR

Last updated Jun 13, 2026

FSPTX (Fidelity Select Technology Portfolio) and FLDR (Fidelity Low Duration Bond Factor ETF) are both funds - FSPTX is a Technology Equities fund actively managed by Fidelity, while FLDR is a Corporate Bonds fund tracking the Fidelity Low Duration Investment Grade Factor Index. FSPTX is actively managed, while FLDR is passively managed. Over the past 5 years, FSPTX returned 22.72%/yr vs 3.70%/yr for FLDR. At a 0.03 correlation, their price movements are largely independent. FSPTX charges 0.62%/yr vs 0.15%/yr for FLDR.

Performance

FSPTX vs. FLDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Technology Portfolio (FSPTX) and Fidelity Low Duration Bond Factor ETF (FLDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSPTX achieves a 37.30% return, which is significantly higher than FLDR's 1.58% return.

FSPTX

• 1D: 3.68%
• 1M: 3.85%
• YTD: 37.30%
• 6M: 38.47%
• 1Y: 69.56%
• 3Y*: 39.06%
• 5Y*: 22.72%
• 10Y*: 27.36%

FLDR

• 1D: 0.06%
• 1M: 0.43%
• YTD: 1.58%
• 6M: 1.88%
• 1Y: 4.76%
• 3Y*: 5.36%
• 5Y*: 3.70%
• 10Y*: —

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

FSPTX vs. FLDR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FSPTX Fidelity Select Technology Portfolio	37.30%	23.37%	41.76%	59.83%	-36.91%	21.99%	63.95%	51.08%	-21.71%
FLDR Fidelity Low Duration Bond Factor ETF	1.58%	5.41%	5.71%	6.32%	-0.33%	-0.18%	2.01%	4.52%	0.84%

Correlation

The correlation between FSPTX and FLDR is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018	0.03

Return for Risk

FSPTX vs. FLDR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSPTX

FSPTX Risk / Return Rank: 90
FSPTX Sharpe Ratio Rank: 95
FSPTX Sortino Ratio Rank: 84
FSPTX Omega Ratio Rank: 84
FSPTX Calmar Ratio Rank: 95
FSPTX Martin Ratio Rank: 93

FLDR

FLDR Risk / Return Rank: 98
FLDR Sharpe Ratio Rank: 99
FLDR Sortino Ratio Rank: 99
FLDR Omega Ratio Rank: 99
FLDR Calmar Ratio Rank: 97
FLDR Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSPTX vs. FLDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Technology Portfolio (FSPTX) and Fidelity Low Duration Bond Factor ETF (FLDR). 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.

	FSPTX	FLDR	Difference
Sharpe ratio: Return per unit of total volatility	2.93	5.90	-2.97
Sortino ratio: Return per unit of downside risk	3.44	9.99	-6.54
Omega ratio: Gain probability vs. loss probability	1.47	2.73	-1.26
Calmar ratio: Return relative to maximum drawdown	4.96	10.19	-5.23
Martin ratio: Return relative to average drawdown	16.37	69.63	-53.25

FSPTX vs. FLDR - Sharpe Ratio Comparison

The current FSPTX Sharpe Ratio is 2.93, which is lower than the FLDR Sharpe Ratio of 5.90. The chart below compares the historical Sharpe Ratios of FSPTX and FLDR, 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

FSPTX vs. FLDR - Drawdown Comparison

The maximum FSPTX drawdown since its inception was -84.37%, which is greater than FLDR's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for FSPTX and FLDR.

Drawdown Indicators

	FSPTX	FLDR	Difference
Max Drawdown Largest peak-to-trough decline	-84.37%	-12.23%	-72.14%
Max Drawdown (1Y) Largest decline over 1 year	-13.71%	-0.47%	-13.24%
Max Drawdown (3Y) Largest decline over 3 years	-29.22%	-0.76%	-28.46%
Max Drawdown (5Y) Largest decline over 5 years	-42.16%	-2.33%	-39.83%
Max Drawdown (10Y) Largest decline over 10 years	-42.16%	—	—
Current Drawdown Current decline from peak	-6.73%	0.00%	-6.73%
Average Drawdown Average peak-to-trough decline	-27.01%	-0.35%	-26.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.15%	0.07%	+4.08%

Volatility

FSPTX vs. FLDR - Volatility Comparison

Fidelity Select Technology Portfolio (FSPTX) has a higher volatility of 11.22% compared to Fidelity Low Duration Bond Factor ETF (FLDR) at 0.20%. This indicates that FSPTX's price experiences larger fluctuations and is considered to be riskier than FLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSPTX	FLDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.22%	0.20%	+11.02%
Volatility (6M) Calculated over the trailing 6-month period	18.92%	0.59%	+18.33%
Volatility (1Y) Calculated over the trailing 1-year period	23.22%	0.81%	+22.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.61%	1.21%	+26.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.13%	5.25%	+20.88%

FSPTX vs. FLDR - Expense Ratio Comparison

FSPTX has a 0.62% expense ratio, which is higher than FLDR's 0.15% expense ratio.

Dividends

FSPTX vs. FLDR - Dividend Comparison

FSPTX's dividend yield for the trailing twelve months is around 7.91%, more than FLDR's 4.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLDR Fidelity Low Duration Bond Factor ETF	4.42%	4.66%	5.50%	5.28%	2.09%	0.51%	1.22%	2.69%	1.38%	0.00%	0.00%	0.00%
FSPTX Fidelity Select Technology Portfolio	7.91%	9.06%	9.42%	0.01%	3.95%	11.62%	18.86%	1.86%	23.77%	8.32%	1.54%	4.19%

Frequently Asked Questions

Can I hold both FSPTX and FLDR in my portfolio?

FSPTX and FLDR have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSPTX or FLDR?

FSPTX has higher volatility (11.22%) compared to FLDR (0.20%). In terms of maximum drawdown, FSPTX dropped -84.37% vs FLDR's -12.23%.

Which has better risk-adjusted returns?

FLDR currently has the higher Sharpe Ratio (5.90 vs 2.93), 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.