FSPTX vs. XLK
Compare and contrast key facts about Fidelity Select Technology Portfolio (FSPTX) and Technology Select Sector SPDR Fund (XLK).
FSPTX is managed by Fidelity. It was launched on Jul 13, 1981. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSPTX or XLK.
Key characteristics
| FSPTX | XLK | |
|---|---|---|
| YTD Return | 29.25% | 19.80% |
| 1Y Return | 43.27% | 36.37% |
| 3Y Return (Ann) | 10.93% | 14.75% |
| 5Y Return (Ann) | 24.57% | 24.42% |
| 10Y Return (Ann) | 21.69% | 21.40% |
| Sharpe Ratio | 1.83 | 1.66 |
| Sortino Ratio | 2.41 | 2.20 |
| Omega Ratio | 1.32 | 1.29 |
| Calmar Ratio | 2.42 | 2.11 |
| Martin Ratio | 8.80 | 7.34 |
| Ulcer Index | 4.79% | 4.87% |
| Daily Std Dev | 22.96% | 21.57% |
| Max Drawdown | -84.32% | -82.05% |
| Current Drawdown | -1.79% | -3.31% |
Correlation
The correlation between FSPTX and XLK 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.
Performance
FSPTX vs. XLK - Performance Comparison
In the year-to-date period, FSPTX achieves a 29.25% return, which is significantly higher than XLK's 19.80% return. Both investments have delivered pretty close results over the past 10 years, with FSPTX having a 21.69% annualized return and XLK not far behind at 21.40%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSPTX vs. XLK - Expense Ratio Comparison
FSPTX has a 0.67% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
FSPTX vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Technology Portfolio (FSPTX) and Technology Select Sector SPDR Fund (XLK). 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.
Dividends
FSPTX vs. XLK - Dividend Comparison
FSPTX has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.68%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPTX Fidelity Select Technology Portfolio | 0.00% | 0.01% | 3.95% | 11.62% | 18.86% | 1.86% | 23.77% | 8.32% | 1.54% | 4.28% | 17.85% | 8.07% |
XLK Technology Select Sector SPDR Fund | 0.68% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
FSPTX vs. XLK - Drawdown Comparison
The maximum FSPTX drawdown since its inception was -84.32%, roughly equal to the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for FSPTX and XLK. For additional features, visit the drawdowns tool.
Volatility
FSPTX vs. XLK - Volatility Comparison
Fidelity Select Technology Portfolio (FSPTX) and Technology Select Sector SPDR Fund (XLK) have volatilities of 5.90% and 5.77%, 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.