FSRBX vs. SFPAX
FSRBX (Fidelity Select Banking Portfolio) and SFPAX (Saratoga Financial Service Fund) are both Financials Equities funds. Over the past 10 years, FSRBX returned 12.36%/yr vs 9.04%/yr for SFPAX. Their correlation of 0.90 means they have usually moved in the same direction. FSRBX charges 0.73%/yr vs 3.81%/yr for SFPAX.
Performance
FSRBX vs. SFPAX - Performance Comparison
Loading charts...
Returns By Period
Over the past 10 years, FSRBX has outperformed SFPAX with an annualized return of 12.36%, while SFPAX has yielded a comparatively lower 9.04% 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%
SFPAX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 2.51%
- 3Y*
- 15.10%
- 5Y*
- 6.22%
- 10Y*
- 9.04%
- ALL TIME*
- 3.28%
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. SFPAX - 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% |
SFPAX Saratoga Financial Service Fund | 0.00% | 7.00% | 26.05% | 10.58% | -14.36% | 31.17% | -5.81% | 29.63% | -19.23% | 19.28% |
Correlation
The correlation between FSRBX and SFPAX is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.90 |
Over the past year, the correlation between FSRBX and SFPAX has dropped to 0.43 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FSRBX vs. SFPAX — Risk / Return Rank
FSRBX
SFPAX
FSRBX vs. SFPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Banking Portfolio (FSRBX) and Saratoga Financial Service Fund (SFPAX). 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 | SFPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.98 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | -0.21 | +1.58 |
| Martin ratioReturn relative to average drawdown | 3.63 | -0.42 | +4.05 |
Loading charts...
Drawdowns
FSRBX vs. SFPAX - Drawdown Comparison
The maximum FSRBX drawdown since its inception was -76.89%, which is greater than SFPAX's maximum drawdown of -71.98%. Use the drawdown chart below to compare losses from any high point for FSRBX and SFPAX.
Loading charts...
Drawdown Indicators
| FSRBX | SFPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.89% | -71.98% | -4.91% |
Max Drawdown (1Y)Largest decline over 1 year | -15.60% | -4.86% | -10.74% |
Max Drawdown (3Y)Largest decline over 3 years | -26.05% | -17.92% | -8.13% |
Max Drawdown (5Y)Largest decline over 5 years | -41.95% | -27.51% | -14.44% |
Max Drawdown (10Y)Largest decline over 10 years | -51.23% | -45.64% | -5.59% |
Current DrawdownCurrent decline from peak | -2.56% | -2.65% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -13.22% | -20.91% | +7.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.91% | 2.32% | +3.59% |
Volatility
FSRBX vs. SFPAX - Volatility Comparison
Fidelity Select Banking Portfolio (FSRBX) has a higher volatility of 5.48% compared to Saratoga Financial Service Fund (SFPAX) at 0.00%. This indicates that FSRBX's price experiences larger fluctuations and is considered to be riskier than SFPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FSRBX | SFPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 0.00% | +5.48% |
Volatility (6M)Calculated over the trailing 6-month period | 15.03% | 1.96% | +13.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 9.20% | +13.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.61% | 18.73% | +7.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.37% | 22.51% | +6.86% |
FSRBX vs. SFPAX - Expense Ratio Comparison
FSRBX has a 0.73% expense ratio, which is lower than SFPAX's 3.81% expense ratio.
Dividends
FSRBX vs. SFPAX - Dividend Comparison
FSRBX's dividend yield for the trailing twelve months is around 2.06%, while SFPAX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SFPAX Saratoga Financial Service Fund | 0.00% | 0.00% | 5.91% | 5.05% | 5.71% | 5.03% | 4.18% | 7.10% | 22.58% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSRBX and SFPAX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSRBX has higher volatility (5.48%) compared to SFPAX (0.00%). In terms of maximum drawdown, FSRBX dropped -76.89% vs SFPAX's -71.98%.
FSRBX currently has the higher Sharpe Ratio (0.95 vs -0.11), 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.
Find the right allocation for FSRBX and SFPAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer