FSRFX vs. IYT
FSRFX (Fidelity Select Transportation Portfolio) and IYT (iShares Transportation Average ETF) are both Transportation Equities funds. FSRFX is actively managed, while IYT is passively managed. Over the past 10 years, FSRFX returned 13.37%/yr vs 11.13%/yr for IYT. With a 0.95 correlation, they move nearly in lockstep. FSRFX charges 0.69%/yr vs 0.42%/yr for IYT.
Performance
FSRFX vs. IYT - Performance Comparison
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Returns By Period
In the year-to-date period, FSRFX achieves a 16.75% return, which is significantly higher than IYT's 13.27% return. Over the past 10 years, FSRFX has outperformed IYT with an annualized return of 13.37%, while IYT has yielded a comparatively lower 11.13% annualized return.
FSRFX
- 1D
- 0.64%
- 1M
- 4.55%
- YTD
- 16.75%
- 6M
- 15.45%
- 1Y
- 31.35%
- 3Y*
- 15.28%
- 5Y*
- 10.24%
- 10Y*
- 13.37%
IYT
- 1D
- -0.78%
- 1M
- 3.24%
- YTD
- 13.27%
- 6M
- 12.06%
- 1Y
- 27.89%
- 3Y*
- 13.54%
- 5Y*
- 6.34%
- 10Y*
- 11.13%
FSRFX vs. IYT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSRFX Fidelity Select Transportation Portfolio | 16.75% | 11.45% | 6.33% | 19.29% | -10.21% | 27.79% | 12.83% | 18.43% | -11.02% | 22.00% |
IYT iShares Transportation Average ETF | 13.27% | 11.48% | 4.10% | 24.62% | -21.74% | 26.41% | 14.20% | 20.11% | -12.87% | 18.89% |
Correlation
The correlation between FSRFX and IYT is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2003 | 0.95 |
The correlation between FSRFX and IYT has been stable across timeframes, ranging from 0.95 to 0.99 - a consistent structural relationship.
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Return for Risk
FSRFX vs. IYT — Risk / Return Rank
FSRFX
IYT
FSRFX vs. IYT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Transportation Portfolio (FSRFX) and iShares Transportation Average ETF (IYT). 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.
| FSRFX | IYT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 2.32 | +0.59 |
| Martin ratioReturn relative to average drawdown | 9.27 | 7.51 | +1.76 |
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Drawdowns
FSRFX vs. IYT - Drawdown Comparison
The maximum FSRFX drawdown since its inception was -60.34%, roughly equal to the maximum IYT drawdown of -60.39%. Use the drawdown chart below to compare losses from any high point for FSRFX and IYT.
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Drawdown Indicators
| FSRFX | IYT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.34% | -60.39% | +0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -11.69% | -12.09% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -25.23% | -26.35% | +1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -25.23% | -29.15% | +3.92% |
Max Drawdown (10Y)Largest decline over 10 years | -41.11% | -41.28% | +0.17% |
Current DrawdownCurrent decline from peak | -2.29% | -2.97% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -8.53% | -9.30% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 3.72% | -0.07% |
Volatility
FSRFX vs. IYT - Volatility Comparison
Fidelity Select Transportation Portfolio (FSRFX) and iShares Transportation Average ETF (IYT) have volatilities of 7.30% and 7.09%, 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.
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Volatility by Period
| FSRFX | IYT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 7.09% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 16.61% | 16.27% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.18% | 20.70% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.94% | 22.40% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.98% | 23.16% | -1.18% |
FSRFX vs. IYT - Expense Ratio Comparison
FSRFX has a 0.69% expense ratio, which is higher than IYT's 0.42% expense ratio.
Dividends
FSRFX vs. IYT - Dividend Comparison
FSRFX's dividend yield for the trailing twelve months is around 7.97%, more than IYT's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSRFX Fidelity Select Transportation Portfolio | 7.97% | 4.18% | 7.02% | 2.68% | 8.82% | 12.00% | 7.97% | 3.98% | 11.42% | 5.16% | 1.97% | 7.51% |
IYT iShares Transportation Average ETF | 0.93% | 1.00% | 1.08% | 1.26% | 1.40% | 0.77% | 0.93% | 1.29% | 1.35% | 0.92% | 0.96% | 1.28% |
Frequently Asked Questions
With a correlation of 0.99, FSRFX and IYT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FSRFX has higher volatility (7.30%) compared to IYT (7.09%). In terms of maximum drawdown, FSRFX dropped -60.34% vs IYT's -60.39%.
FSRFX currently has the higher Sharpe Ratio (1.61 vs 1.36), 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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