FSRBX vs. FOCPX

Last updated Jun 24, 2026

FSRBX (Fidelity Select Banking Portfolio) and FOCPX (Fidelity OTC Portfolio) are both mutual funds - FSRBX is a Financials Equities fund managed by Fidelity, while FOCPX is a Large Cap Growth Equities fund actively managed by Fidelity. Over the past 10 years, FSRBX returned 12.46%/yr vs 23.35%/yr for FOCPX. A 0.56 correlation means they provide meaningful diversification when combined. Both charge a 0.73% expense ratio.

Performance

FSRBX vs. FOCPX - Performance Comparison

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

Returns By Period

In the year-to-date period, FSRBX achieves a 10.54% return, which is significantly lower than FOCPX's 27.02% return. Over the past 10 years, FSRBX has underperformed FOCPX with an annualized return of 12.46%, while FOCPX has yielded a comparatively higher 23.35% annualized return.

FSRBX

• 1D: 1.35%
• 1M: 6.37%
• YTD: 10.54%
• 6M: 0.62%
• 1Y: 23.44%
• 3Y*: 28.50%
• 5Y*: 10.25%
• 10Y*: 12.46%

FOCPX

• 1D: -1.94%
• 1M: 3.84%
• YTD: 27.02%
• 6M: 26.34%
• 1Y: 56.84%
• 3Y*: 34.18%
• 5Y*: 18.07%
• 10Y*: 23.35%

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

FSRBX vs. FOCPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSRBX Fidelity Select Banking Portfolio	10.54%	11.11%	30.13%	8.48%	-12.61%	38.21%	-11.73%	35.60%	-19.04%	12.72%
FOCPX Fidelity OTC Portfolio	27.02%	22.21%	38.95%	42.64%	-32.08%	24.94%	46.75%	39.20%	-3.30%	38.61%

Correlation

The correlation between FSRBX and FOCPX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jun 30, 1986	0.56

Over the past year, the correlation between FSRBX and FOCPX has dropped to 0.26 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

Return for Risk

FSRBX vs. FOCPX — Risk / Return Rank

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

FSRBX

FSRBX Risk / Return Rank: 20
FSRBX Sharpe Ratio Rank: 19
FSRBX Sortino Ratio Rank: 17
FSRBX Omega Ratio Rank: 22
FSRBX Calmar Ratio Rank: 24
FSRBX Martin Ratio Rank: 19

FOCPX

FOCPX Risk / Return Rank: 90
FOCPX Sharpe Ratio Rank: 94
FOCPX Sortino Ratio Rank: 84
FOCPX Omega Ratio Rank: 82
FOCPX Calmar Ratio Rank: 94
FOCPX Martin Ratio Rank: 96

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.

FSRBX vs. FOCPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Banking Portfolio (FSRBX) and Fidelity OTC Portfolio (FOCPX). 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.

	FSRBX	FOCPX	Difference
Sharpe ratio: Return per unit of total volatility	1.16	2.97	-1.81
Sortino ratio: Return per unit of downside risk	1.59	3.68	-2.09
Omega ratio: Gain probability vs. loss probability	1.23	1.50	-0.27
Calmar ratio: Return relative to maximum drawdown	1.70	5.13	-3.43
Martin ratio: Return relative to average drawdown	4.44	21.70	-17.26

FSRBX vs. FOCPX - Sharpe Ratio Comparison

The current FSRBX Sharpe Ratio is 1.16, which is lower than the FOCPX Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of FSRBX and FOCPX, 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

FSRBX vs. FOCPX - Drawdown Comparison

The maximum FSRBX drawdown since its inception was -76.89%, which is greater than FOCPX's maximum drawdown of -70.25%. Use the drawdown chart below to compare losses from any high point for FSRBX and FOCPX.

Drawdown Indicators

	FSRBX	FOCPX	Difference
Max Drawdown Largest peak-to-trough decline	-76.89%	-70.25%	-6.64%
Max Drawdown (1Y) Largest decline over 1 year	-15.60%	-11.29%	-4.31%
Max Drawdown (3Y) Largest decline over 3 years	-26.05%	-24.82%	-1.23%
Max Drawdown (5Y) Largest decline over 5 years	-41.95%	-37.05%	-4.90%
Max Drawdown (10Y) Largest decline over 10 years	-51.23%	-37.05%	-14.18%
Current Drawdown Current decline from peak	-0.57%	-2.00%	+1.43%
Average Drawdown Average peak-to-trough decline	-13.25%	-16.99%	+3.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.94%	2.66%	+3.28%

Volatility

FSRBX vs. FOCPX - Volatility Comparison

The current volatility for Fidelity Select Banking Portfolio (FSRBX) is 5.92%, while Fidelity OTC Portfolio (FOCPX) has a volatility of 9.00%. This indicates that FSRBX experiences smaller price fluctuations and is considered to be less risky than FOCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSRBX	FOCPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.92%	9.00%	-3.08%
Volatility (6M) Calculated over the trailing 6-month period	17.33%	15.82%	+1.51%
Volatility (1Y) Calculated over the trailing 1-year period	22.82%	19.52%	+3.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.79%	22.94%	+3.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.52%	22.57%	+6.95%

FSRBX vs. FOCPX - Expense Ratio Comparison

Both FSRBX and FOCPX have an expense ratio of 0.73%.

Dividends

FSRBX vs. FOCPX - Dividend Comparison

FSRBX's dividend yield for the trailing twelve months is around 2.16%, less than FOCPX's 6.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOCPX Fidelity OTC Portfolio	6.12%	7.78%	16.76%	0.05%	4.06%	11.53%	6.23%	7.58%	7.93%	4.86%	3.24%	5.41%
FSRBX Fidelity Select Banking Portfolio	2.16%	1.47%	4.49%	5.35%	6.12%	3.36%	8.63%	5.90%	32.02%	2.57%	0.76%	5.64%

Frequently Asked Questions

Can I hold both FSRBX and FOCPX in my portfolio?

FSRBX and FOCPX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSRBX or FOCPX?

FOCPX has higher volatility (9.00%) compared to FSRBX (5.92%). In terms of maximum drawdown, FSRBX dropped -76.89% vs FOCPX's -70.25%.

Which has better risk-adjusted returns?

FOCPX currently has the higher Sharpe Ratio (2.97 vs 1.16), 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.