FSRBX vs. FSLBX
FSRBX (Fidelity Select Banking Portfolio) and FSLBX (Fidelity Select Brokerage & Invmt Mgmt Portfolio) are both Financials Equities funds from Fidelity. Over the past 10 years, FSRBX returned 12.36%/yr vs 14.87%/yr for FSLBX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. FSRBX charges 0.73%/yr vs 0.75%/yr for FSLBX.
Performance
FSRBX vs. FSLBX - Performance Comparison
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Returns By Period
In the year-to-date period, FSRBX achieves a 15.84% return, which is significantly higher than FSLBX's -7.48% return. Over the past 10 years, FSRBX has underperformed FSLBX with an annualized return of 12.36%, while FSLBX has yielded a comparatively higher 14.87% annualized return.
FSRBX
- 1D
- 0.55%
- 1M
- 1.16%
- 6M
- 11.29%
- YTD
- 15.84%
- 1Y
- 25.72%
- 3Y*
- 23.43%
- 5Y*
- 11.93%
- 10Y*
- 12.36%
- ALL TIME*
- 12.00%
FSLBX
- 1D
- 0.99%
- 1M
- 4.26%
- 6M
- -6.32%
- YTD
- -7.48%
- 1Y
- -10.29%
- 3Y*
- 14.98%
- 5Y*
- 8.98%
- 10Y*
- 14.87%
- ALL TIME*
- 11.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSRBX vs. FSLBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSRBX Fidelity Select Banking Portfolio | 15.84% | 11.11% | 30.13% | 8.48% | -12.61% | 38.21% | -11.73% | 35.60% | -19.04% | 12.72% |
FSLBX Fidelity Select Brokerage & Invmt Mgmt Portfolio | -7.48% | 5.78% | 35.74% | 27.77% | -17.54% | 40.61% | 22.66% | 31.60% | -15.37% | 27.74% |
Correlation
The correlation between FSRBX and FSLBX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 1986 | 0.77 |
Over the past year, the correlation between FSRBX and FSLBX has dropped to 0.56 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
FSRBX vs. FSLBX — Risk / Return Rank
FSRBX
FSLBX
FSRBX vs. FSLBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Banking Portfolio (FSRBX) and Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX). 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 | FSLBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.92 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | -0.54 | +1.92 |
| Martin ratioReturn relative to average drawdown | 3.63 | -1.00 | +4.63 |
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Drawdowns
FSRBX vs. FSLBX - Drawdown Comparison
The maximum FSRBX drawdown since its inception was -76.89%, which is greater than FSLBX's maximum drawdown of -68.20%. Use the drawdown chart below to compare losses from any high point for FSRBX and FSLBX.
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Drawdown Indicators
| FSRBX | FSLBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.89% | -68.20% | -8.69% |
Max Drawdown (1Y)Largest decline over 1 year | -15.60% | -24.67% | +9.07% |
Max Drawdown (3Y)Largest decline over 3 years | -26.05% | -26.06% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -41.95% | -30.87% | -11.08% |
Max Drawdown (10Y)Largest decline over 10 years | -51.23% | -40.56% | -10.67% |
Current DrawdownCurrent decline from peak | -2.56% | -13.65% | +11.09% |
Average DrawdownAverage peak-to-trough decline | -13.22% | -14.88% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.91% | 13.41% | -7.50% |
Volatility
FSRBX vs. FSLBX - Volatility Comparison
The current volatility for Fidelity Select Banking Portfolio (FSRBX) is 5.48%, while Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) has a volatility of 6.22%. This indicates that FSRBX experiences smaller price fluctuations and is considered to be less risky than FSLBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSRBX | FSLBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 6.22% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 15.03% | 17.49% | -2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 22.23% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.61% | 23.07% | +3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.37% | 23.53% | +5.84% |
FSRBX vs. FSLBX - Expense Ratio Comparison
FSRBX has a 0.73% expense ratio, which is lower than FSLBX's 0.75% expense ratio.
Dividends
FSRBX vs. FSLBX - Dividend Comparison
FSRBX's dividend yield for the trailing twelve months is around 2.06%, less than FSLBX's 2.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLBX Fidelity Select Brokerage & Invmt Mgmt Portfolio | 2.11% | 0.67% | 0.69% | 1.22% | 2.09% | 1.39% | 3.08% | 4.25% | 8.94% | 5.46% | 1.25% | 6.37% |
FSRBX Fidelity Select Banking Portfolio | 2.06% | 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
FSRBX and FSLBX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSLBX has higher volatility (6.22%) compared to FSRBX (5.48%). In terms of maximum drawdown, FSRBX dropped -76.89% vs FSLBX's -68.20%.
FSRBX currently has the higher Sharpe Ratio (0.95 vs -0.60), 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.
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