FSRFX vs. XTN

Last updated Jun 24, 2026

FSRFX (Fidelity Select Transportation Portfolio) and XTN (SPDR S&P Transportation ETF) are both Transportation Equities funds. FSRFX is actively managed, while XTN is passively managed. Over the past 10 years, FSRFX returned 13.37%/yr vs 11.36%/yr for XTN. Their correlation of 0.91 suggests significant overlap in exposure. FSRFX charges 0.69%/yr vs 0.35%/yr for XTN.

Performance

FSRFX vs. XTN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Transportation Portfolio (FSRFX) and SPDR S&P Transportation ETF (XTN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSRFX achieves a 16.75% return, which is significantly lower than XTN's 24.64% return. Over the past 10 years, FSRFX has outperformed XTN with an annualized return of 13.37%, while XTN has yielded a comparatively lower 11.36% 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%

XTN

• 1D: -0.31%
• 1M: 6.93%
• YTD: 24.64%
• 6M: 22.47%
• 1Y: 45.99%
• 3Y*: 14.09%
• 5Y*: 6.44%
• 10Y*: 11.36%

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

FSRFX vs. XTN - 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%
XTN SPDR S&P Transportation ETF	24.64%	6.33%	4.86%	25.22%	-28.10%	33.68%	12.11%	21.85%	-17.26%	21.55%

Correlation

The correlation between FSRFX and XTN is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 27, 2011	0.91

The correlation between FSRFX and XTN has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

FSRFX vs. XTN — Risk / Return Rank

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

FSRFX

FSRFX Risk / Return Rank: 43
FSRFX Sharpe Ratio Rank: 36
FSRFX Sortino Ratio Rank: 34
FSRFX Omega Ratio Rank: 33
FSRFX Calmar Ratio Rank: 62
FSRFX Martin Ratio Rank: 47

XTN

XTN Risk / Return Rank: 50
XTN Sharpe Ratio Rank: 50
XTN Sortino Ratio Rank: 48
XTN Omega Ratio Rank: 46
XTN Calmar Ratio Rank: 58
XTN Martin Ratio Rank: 46

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.

FSRFX vs. XTN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Transportation Portfolio (FSRFX) and SPDR S&P Transportation ETF (XTN). 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	XTN	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.63	-0.03
Sortino ratio: Return per unit of downside risk	2.28	2.25	+0.02
Omega ratio: Gain probability vs. loss probability	1.28	1.28	0.00
Calmar ratio: Return relative to maximum drawdown	2.90	2.67	+0.23
Martin ratio: Return relative to average drawdown	9.27	7.36	+1.91

FSRFX vs. XTN - Sharpe Ratio Comparison

The current FSRFX Sharpe Ratio is 1.61, which is comparable to the XTN Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of FSRFX and XTN, 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. XTN - Drawdown Comparison

The maximum FSRFX drawdown since its inception was -60.34%, which is greater than XTN's maximum drawdown of -43.77%. Use the drawdown chart below to compare losses from any high point for FSRFX and XTN.

Drawdown Indicators

	FSRFX	XTN	Difference
Max Drawdown Largest peak-to-trough decline	-60.34%	-43.77%	-16.57%
Max Drawdown (1Y) Largest decline over 1 year	-11.69%	-17.28%	+5.59%
Max Drawdown (3Y) Largest decline over 3 years	-25.23%	-33.69%	+8.46%
Max Drawdown (5Y) Largest decline over 5 years	-25.23%	-35.05%	+9.82%
Max Drawdown (10Y) Largest decline over 10 years	-41.11%	-43.77%	+2.66%
Current Drawdown Current decline from peak	-2.29%	-3.37%	+1.08%
Average Drawdown Average peak-to-trough decline	-8.53%	-10.91%	+2.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.65%	6.26%	-2.61%

Volatility

FSRFX vs. XTN - Volatility Comparison

Fidelity Select Transportation Portfolio (FSRFX) and SPDR S&P Transportation ETF (XTN) have volatilities of 7.30% and 7.65%, 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.

Volatility by Period

	FSRFX	XTN	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.30%	7.65%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	16.61%	22.64%	-6.03%
Volatility (1Y) Calculated over the trailing 1-year period	21.18%	28.35%	-7.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.94%	26.94%	-6.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.98%	26.21%	-4.23%

FSRFX vs. XTN - Expense Ratio Comparison

FSRFX has a 0.69% expense ratio, which is higher than XTN's 0.35% expense ratio.

Dividends

FSRFX vs. XTN - Dividend Comparison

FSRFX's dividend yield for the trailing twelve months is around 7.97%, more than XTN's 0.65% 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%
XTN SPDR S&P Transportation ETF	0.65%	0.78%	0.93%	0.73%	1.04%	1.02%	0.75%	1.17%	0.98%	0.63%	0.66%	1.03%

Frequently Asked Questions

Can I hold both FSRFX and XTN in my portfolio?

FSRFX and XTN have a correlation of 0.89, 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 XTN?

XTN has higher volatility (7.65%) compared to FSRFX (7.30%). In terms of maximum drawdown, FSRFX dropped -60.34% vs XTN's -43.77%.

Which has better risk-adjusted returns?

XTN currently has the higher Sharpe Ratio (1.63 vs 1.61), 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.