FSRFX vs. VINAX

Last updated Aug 1, 2026

FSRFX (Fidelity Select Transportation Portfolio) and VINAX (Vanguard Industrials Index Fund Admiral Shares) are both Industrials Equities funds. Over the past 10 years, FSRFX returned 12.45%/yr vs 13.66%/yr for VINAX. Their correlation of 0.87 means they have usually moved in the same direction. FSRFX charges 0.69%/yr vs 0.10%/yr for VINAX.

Performance

FSRFX vs. VINAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Transportation Portfolio (FSRFX) and Vanguard Industrials Index Fund Admiral Shares (VINAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSRFX achieves a 17.17% return, which is significantly higher than VINAX's 15.16% return. Over the past 10 years, FSRFX has underperformed VINAX with an annualized return of 12.45%, while VINAX has yielded a comparatively higher 13.66% annualized return.

FSRFX

• 1D: -0.86%
• 1M: -3.37%
• 6M: 13.80%
• YTD: 17.17%
• 1Y: 32.33%
• 3Y*: 11.46%
• 5Y*: 10.81%
• 10Y*: 12.45%
• ALL TIME*: 12.30%

VINAX

• 1D: 1.30%
• 1M: -3.83%
• 6M: 7.30%
• YTD: 15.16%
• 1Y: 21.00%
• 3Y*: 18.71%
• 5Y*: 13.07%
• 10Y*: 13.66%
• ALL TIME*: 11.01%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSRFX Fidelity Select Transportation Portfolio	$0.00	$0.00	$0.00
VINAX Vanguard Industrials Index Fund Admiral Shares	$0.00	$0.00	$0.00

FSRFX vs. VINAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSRFX Fidelity Select Transportation Portfolio	17.17%	11.45%	6.33%	19.29%	-10.21%	27.79%	12.83%	18.43%	-11.02%	22.00%
VINAX Vanguard Industrials Index Fund Admiral Shares	15.16%	18.53%	16.95%	22.38%	-8.51%	20.66%	12.25%	30.16%	-13.93%	21.50%

Correlation

The correlation between FSRFX and VINAX is 0.70, 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.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.82
Correlation (10Y) Provides a long-term view across more market conditions.	0.85
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004	0.87

The correlation between FSRFX and VINAX shifts across timeframes, from 0.70 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FSRFX vs. VINAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FSRFX

FSRFX Risk / Return Rank: 59
FSRFX Sharpe Ratio Rank: 52
FSRFX Sortino Ratio Rank: 54
FSRFX Omega Ratio Rank: 50
FSRFX Calmar Ratio Rank: 75
FSRFX Martin Ratio Rank: 66

VINAX

VINAX Risk / Return Rank: 37
VINAX Sharpe Ratio Rank: 34
VINAX Sortino Ratio Rank: 34
VINAX Omega Ratio Rank: 32
VINAX Calmar Ratio Rank: 38
VINAX Martin Ratio Rank: 44

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FSRFX vs. VINAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Transportation Portfolio (FSRFX) and Vanguard Industrials Index Fund Admiral Shares (VINAX). 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	VINAX	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.05	+0.35
Sortino ratio: Return per unit of downside risk	2.05	1.55	+0.50
Omega ratio: Gain probability vs. loss probability	1.25	1.19	+0.07
Calmar ratio: Return relative to maximum drawdown	2.47	1.55	+0.92
Martin ratio: Return relative to average drawdown	8.47	6.14	+2.33

FSRFX vs. VINAX - Sharpe Ratio Comparison

The current FSRFX Sharpe Ratio is 1.40, which is higher than the VINAX Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of FSRFX and VINAX, 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

FSRFX vs. VINAX - Drawdown Comparison

The maximum FSRFX drawdown since its inception was -60.34%, roughly equal to the maximum VINAX drawdown of -63.43%. Use the drawdown chart below to compare losses from any high point for FSRFX and VINAX.

Drawdown Indicators

	FSRFX	VINAX	Difference
Max Drawdown Largest peak-to-trough decline	-60.34%	-63.43%	+3.09%
Max Drawdown (1Y) Largest decline over 1 year	-11.69%	-12.25%	+0.56%
Max Drawdown (3Y) Largest decline over 3 years	-25.23%	-20.59%	-4.64%
Max Drawdown (5Y) Largest decline over 5 years	-25.23%	-23.07%	-2.16%
Max Drawdown (10Y) Largest decline over 10 years	-41.11%	-42.45%	+1.34%
Current Drawdown Current decline from peak	-5.10%	-5.16%	+0.06%
Average Drawdown Average peak-to-trough decline	-8.51%	-8.31%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	3.08%	+0.33%

Volatility

FSRFX vs. VINAX - Volatility Comparison

The current volatility for Fidelity Select Transportation Portfolio (FSRFX) is 4.07%, while Vanguard Industrials Index Fund Admiral Shares (VINAX) has a volatility of 5.16%. This indicates that FSRFX experiences smaller price fluctuations and is considered to be less risky than VINAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSRFX	VINAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.07%	5.16%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	16.44%	14.73%	+1.71%
Volatility (1Y) Calculated over the trailing 1-year period	20.70%	18.02%	+2.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.91%	18.58%	+2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.85%	20.52%	+1.33%

FSRFX vs. VINAX - Expense Ratio Comparison

FSRFX has a 0.69% expense ratio, which is higher than VINAX's 0.10% expense ratio.

Dividends

FSRFX vs. VINAX - Dividend Comparison

FSRFX's dividend yield for the trailing twelve months is around 7.94%, more than VINAX's 0.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSRFX Fidelity Select Transportation Portfolio	7.94%	4.18%	7.02%	2.68%	8.82%	12.00%	7.97%	3.98%	11.42%	5.16%	1.97%	7.51%
VINAX Vanguard Industrials Index Fund Admiral Shares	0.90%	1.01%	1.23%	1.36%	1.51%	1.06%	1.39%	1.68%	1.90%	1.60%	1.82%	1.94%

Frequently Asked Questions

Can I hold both FSRFX and VINAX in my portfolio?

FSRFX and VINAX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSRFX or VINAX?

VINAX has higher volatility (5.16%) compared to FSRFX (4.07%). In terms of maximum drawdown, FSRFX dropped -60.34% vs VINAX's -63.43%.

Which has better risk-adjusted returns?

FSRFX currently has the higher Sharpe Ratio (1.40 vs 1.05), 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.