FSPTX vs. FTEC

Last updated Aug 2, 2026

FSPTX (Fidelity Select Technology Portfolio) and FTEC (Fidelity MSCI Information Technology Index ETF) are both Technology Equities funds from Fidelity. FSPTX is actively managed, while FTEC is passively managed. Over the past 10 years, FSPTX returned 25.58%/yr vs 23.84%/yr for FTEC. Their 0.96 correlation means they have historically moved very closely together. FSPTX charges 0.61%/yr vs 0.08%/yr for FTEC.

Performance

FSPTX vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Technology Portfolio (FSPTX) and Fidelity MSCI Information Technology Index ETF (FTEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSPTX achieves a 30.03% return, which is significantly higher than FTEC's 20.47% return. Over the past 10 years, FSPTX has outperformed FTEC with an annualized return of 25.58%, while FTEC has yielded a comparatively lower 23.84% annualized return.

FSPTX

• 1D: 3.77%
• 1M: -2.64%
• 6M: 27.84%
• YTD: 30.03%
• 1Y: 46.11%
• 3Y*: 33.19%
• 5Y*: 19.84%
• 10Y*: 25.58%
• ALL TIME*: 14.97%

FTEC

• 1D: -0.35%
• 1M: -1.38%
• 6M: 21.39%
• YTD: 20.47%
• 1Y: 35.19%
• 3Y*: 26.88%
• 5Y*: 18.05%
• 10Y*: 23.84%
• ALL TIME*: 21.45%

*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)
FSPTX Fidelity Select Technology Portfolio	$0.00	$0.00	$0.00
FTEC Fidelity MSCI Information Technology Index ETF	$82.97M	$78.72M	$94.67M

FSPTX vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSPTX Fidelity Select Technology Portfolio	30.03%	23.37%	41.76%	59.83%	-36.91%	21.99%	63.95%	51.08%	-9.03%	49.75%
FTEC Fidelity MSCI Information Technology Index ETF	20.47%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	36.83%

Correlation

The correlation between FSPTX and FTEC is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.98
Correlation (10Y) Provides a long-term view across more market conditions.	0.97
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.96

The correlation between FSPTX and FTEC has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

FSPTX vs. FTEC — Risk / Return Rank

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

FSPTX

FSPTX Risk / Return Rank: 72
FSPTX Sharpe Ratio Rank: 74
FSPTX Sortino Ratio Rank: 66
FSPTX Omega Ratio Rank: 65
FSPTX Calmar Ratio Rank: 85
FSPTX Martin Ratio Rank: 69

FTEC

FTEC Risk / Return Rank: 52
FTEC Sharpe Ratio Rank: 55
FTEC Sortino Ratio Rank: 52
FTEC Omega Ratio Rank: 51
FTEC Calmar Ratio Rank: 56
FTEC Martin Ratio Rank: 47

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.

FSPTX vs. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Technology Portfolio (FSPTX) and Fidelity MSCI Information Technology Index ETF (FTEC). 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	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.31	+0.35
Sortino ratio: Return per unit of downside risk	2.20	1.83	+0.37
Omega ratio: Gain probability vs. loss probability	1.28	1.23	+0.05
Calmar ratio: Return relative to maximum drawdown	2.86	1.97	+0.90
Martin ratio: Return relative to average drawdown	8.20	5.31	+2.89

FSPTX vs. FTEC - Sharpe Ratio Comparison

The current FSPTX Sharpe Ratio is 1.66, which is comparable to the FTEC Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of FSPTX and FTEC, 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. FTEC - Drawdown Comparison

The maximum FSPTX drawdown since its inception was -84.37%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FSPTX and FTEC.

Drawdown Indicators

	FSPTX	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-84.37%	-34.95%	-49.42%
Max Drawdown (1Y) Largest decline over 1 year	-14.87%	-16.26%	+1.39%
Max Drawdown (3Y) Largest decline over 3 years	-29.22%	-27.30%	-1.92%
Max Drawdown (5Y) Largest decline over 5 years	-42.16%	-34.95%	-7.21%
Max Drawdown (10Y) Largest decline over 10 years	-42.16%	-34.95%	-7.21%
Current Drawdown Current decline from peak	-11.67%	-10.03%	-1.64%
Average Drawdown Average peak-to-trough decline	-26.96%	-5.59%	-21.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.19%	6.02%	-0.83%

Volatility

FSPTX vs. FTEC - Volatility Comparison

Fidelity Select Technology Portfolio (FSPTX) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 8.28% and 8.49%, 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.

Volatility by Period

	FSPTX	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.28%	8.49%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	21.29%	20.19%	+1.10%
Volatility (1Y) Calculated over the trailing 1-year period	25.63%	24.35%	+1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.04%	25.87%	+2.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.29%	24.98%	+1.31%

FSPTX vs. FTEC - Expense Ratio Comparison

FSPTX has a 0.61% expense ratio, which is higher than FTEC's 0.08% expense ratio.

Dividends

FSPTX vs. FTEC - Dividend Comparison

FSPTX's dividend yield for the trailing twelve months is around 8.35%, more than FTEC's 0.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSPTX Fidelity Select Technology Portfolio	8.35%	9.06%	9.42%	0.01%	3.95%	11.62%	18.86%	1.86%	23.77%	8.32%	1.54%	4.19%
FTEC Fidelity MSCI Information Technology Index ETF	0.37%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%

Frequently Asked Questions

Can I hold both FSPTX and FTEC in my portfolio?

With a correlation of 0.96, FSPTX and FTEC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FSPTX or FTEC?

FTEC has higher volatility (8.49%) compared to FSPTX (8.28%). In terms of maximum drawdown, FSPTX dropped -84.37% vs FTEC's -34.95%.

Which has better risk-adjusted returns?

FSPTX currently has the higher Sharpe Ratio (1.66 vs 1.31), 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.