PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FSPTX vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FSPTX and QQQ is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.9

Performance

FSPTX vs. QQQ - Performance Comparison

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

600.00%700.00%800.00%900.00%1,000.00%1,100.00%JulyAugustSeptemberOctoberNovemberDecember
726.18%
1,087.64%
FSPTX
QQQ

Key characteristics

Sharpe Ratio

FSPTX:

1.23

QQQ:

1.54

Sortino Ratio

FSPTX:

1.71

QQQ:

2.06

Omega Ratio

FSPTX:

1.22

QQQ:

1.28

Calmar Ratio

FSPTX:

1.84

QQQ:

2.03

Martin Ratio

FSPTX:

6.15

QQQ:

7.34

Ulcer Index

FSPTX:

4.79%

QQQ:

3.75%

Daily Std Dev

FSPTX:

23.93%

QQQ:

17.90%

Max Drawdown

FSPTX:

-84.32%

QQQ:

-82.98%

Current Drawdown

FSPTX:

-8.67%

QQQ:

-4.03%

Returns By Period

In the year-to-date period, FSPTX achieves a 29.25% return, which is significantly higher than QQQ's 26.66% return. Over the past 10 years, FSPTX has underperformed QQQ with an annualized return of 12.91%, while QQQ has yielded a comparatively higher 18.30% annualized return.


FSPTX

YTD

29.25%

1M

-1.29%

6M

1.82%

1Y

29.07%

5Y*

13.38%

10Y*

12.91%

QQQ

YTD

26.66%

1M

3.29%

6M

6.76%

1Y

26.84%

5Y*

20.38%

10Y*

18.30%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FSPTX vs. QQQ - Expense Ratio Comparison

FSPTX has a 0.67% expense ratio, which is higher than QQQ's 0.20% expense ratio.


FSPTX
Fidelity Select Technology Portfolio
Expense ratio chart for FSPTX: current value at 0.67% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.67%
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

FSPTX vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Technology Portfolio (FSPTX) and Invesco QQQ (QQQ). 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.


Sharpe ratio
The chart of Sharpe ratio for FSPTX, currently valued at 1.23, compared to the broader market-1.000.001.002.003.004.001.231.54
The chart of Sortino ratio for FSPTX, currently valued at 1.71, compared to the broader market-2.000.002.004.006.008.0010.001.712.06
The chart of Omega ratio for FSPTX, currently valued at 1.22, compared to the broader market0.501.001.502.002.503.003.501.221.28
The chart of Calmar ratio for FSPTX, currently valued at 1.84, compared to the broader market0.005.0010.0015.001.842.03
The chart of Martin ratio for FSPTX, currently valued at 6.15, compared to the broader market0.0020.0040.0060.006.157.34
FSPTX
QQQ

The current FSPTX Sharpe Ratio is 1.23, which is comparable to the QQQ Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of FSPTX and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
1.23
1.54
FSPTX
QQQ

Dividends

FSPTX vs. QQQ - Dividend Comparison

FSPTX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.


TTM20232022202120202019201820172016201520142013
FSPTX
Fidelity Select Technology Portfolio
0.00%0.01%0.00%0.00%0.09%0.25%0.14%0.00%0.05%4.28%17.85%8.07%
QQQ
Invesco QQQ
0.43%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.02%

Drawdowns

FSPTX vs. QQQ - Drawdown Comparison

The maximum FSPTX drawdown since its inception was -84.32%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FSPTX and QQQ. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-8.67%
-4.03%
FSPTX
QQQ

Volatility

FSPTX vs. QQQ - Volatility Comparison

Fidelity Select Technology Portfolio (FSPTX) has a higher volatility of 7.45% compared to Invesco QQQ (QQQ) at 5.23%. This indicates that FSPTX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%JulyAugustSeptemberOctoberNovemberDecember
7.45%
5.23%
FSPTX
QQQ
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab