FSRPX vs. FCOM

Last updated Jun 4, 2026

FSRPX (Fidelity Select Retailing Portfolio) and FCOM (Fidelity MSCI Communication Services Index ETF) are both funds - FSRPX is a Consumer Discretionary Equities fund managed by Fidelity, while FCOM is a Large Cap Growth Equities fund tracking the MSCI USA IMI Telecommunication Services 25/50 Index. Over the past 10 years, FSRPX returned 12.26%/yr vs 11.99%/yr for FCOM. A 0.67 correlation means they provide meaningful diversification when combined. FSRPX charges 0.72%/yr vs 0.08%/yr for FCOM.

Performance

FSRPX vs. FCOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Retailing Portfolio (FSRPX) and Fidelity MSCI Communication Services Index ETF (FCOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSRPX achieves a 2.43% return, which is significantly higher than FCOM's -1.60% return. Both investments have delivered pretty close results over the past 10 years, with FSRPX having a 12.26% annualized return and FCOM not far behind at 11.99%.

FSRPX

• 1D: -0.69%
• 1M: -3.26%
• YTD: 2.43%
• 6M: -9.62%
• 1Y: -3.29%
• 3Y*: 12.13%
• 5Y*: 3.14%
• 10Y*: 12.26%

FCOM

• 1D: -0.87%
• 1M: -2.85%
• YTD: -1.60%
• 6M: 0.27%
• 1Y: 20.03%
• 3Y*: 23.77%
• 5Y*: 7.42%
• 10Y*: 11.99%

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

FSRPX vs. FCOM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSRPX Fidelity Select Retailing Portfolio	2.43%	-4.15%	23.28%	26.94%	-29.44%	18.25%	44.27%	26.33%	4.58%	25.55%
FCOM Fidelity MSCI Communication Services Index ETF	-1.60%	26.06%	33.05%	44.65%	-38.97%	13.88%	28.33%	26.69%	-5.33%	8.20%

Correlation

The correlation between FSRPX and FCOM is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Oct 25, 2013	0.67

The correlation between FSRPX and FCOM shifts across timeframes, from 0.56 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FSRPX vs. FCOM — Risk / Return Rank

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

FSRPX

FSRPX Risk / Return Rank: 2
FSRPX Sharpe Ratio Rank: 2
FSRPX Sortino Ratio Rank: 2
FSRPX Omega Ratio Rank: 2
FSRPX Calmar Ratio Rank: 2
FSRPX Martin Ratio Rank: 2

FCOM

FCOM Risk / Return Rank: 34
FCOM Sharpe Ratio Rank: 36
FCOM Sortino Ratio Rank: 37
FCOM Omega Ratio Rank: 34
FCOM Calmar Ratio Rank: 30
FCOM Martin Ratio Rank: 36

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.

FSRPX vs. FCOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Retailing Portfolio (FSRPX) and Fidelity MSCI Communication Services Index ETF (FCOM). 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.

	FSRPX	FCOM	Difference
Sharpe ratio: Return per unit of total volatility	-0.15	1.31	-1.46
Sortino ratio: Return per unit of downside risk	-0.06	1.97	-2.03
Omega ratio: Gain probability vs. loss probability	0.99	1.23	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.16	1.49	-1.65
Martin ratio: Return relative to average drawdown	-0.38	5.67	-6.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSRPX vs. FCOM - Sharpe Ratio Comparison

The current FSRPX Sharpe Ratio is -0.15, which is lower than the FCOM Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of FSRPX and FCOM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FSRPX	FCOM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.15	1.31	-1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.35	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.57	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.57	+0.07

Drawdowns

FSRPX vs. FCOM - Drawdown Comparison

The maximum FSRPX drawdown since its inception was -55.75%, which is greater than FCOM's maximum drawdown of -46.76%. Use the drawdown chart below to compare losses from any high point for FSRPX and FCOM.

Drawdown Indicators

	FSRPX	FCOM	Difference
Max Drawdown Largest peak-to-trough decline	-55.75%	-46.76%	-8.99%
Max Drawdown (1Y) Largest decline over 1 year	-17.79%	-13.48%	-4.31%
Max Drawdown (3Y) Largest decline over 3 years	-22.58%	-21.16%	-1.42%
Max Drawdown (5Y) Largest decline over 5 years	-39.01%	-46.76%	+7.75%
Max Drawdown (10Y) Largest decline over 10 years	-39.01%	-46.76%	+7.75%
Current Drawdown Current decline from peak	-11.03%	-4.88%	-6.15%
Average Drawdown Average peak-to-trough decline	-9.09%	-8.66%	-0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.49%	3.54%	+3.95%

Volatility

FSRPX vs. FCOM - Volatility Comparison

Fidelity Select Retailing Portfolio (FSRPX) has a higher volatility of 4.65% compared to Fidelity MSCI Communication Services Index ETF (FCOM) at 4.24%. This indicates that FSRPX's price experiences larger fluctuations and is considered to be riskier than FCOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSRPX	FCOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	4.24%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	16.52%	11.02%	+5.50%
Volatility (1Y) Calculated over the trailing 1-year period	19.26%	15.38%	+3.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.72%	21.17%	+1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.62%	20.96%	+0.66%

FSRPX vs. FCOM - Expense Ratio Comparison

FSRPX has a 0.72% expense ratio, which is higher than FCOM's 0.08% expense ratio.

Dividends

FSRPX vs. FCOM - Dividend Comparison

FSRPX's dividend yield for the trailing twelve months is around 6.69%, more than FCOM's 0.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCOM Fidelity MSCI Communication Services Index ETF	0.94%	0.88%	0.87%	0.77%	1.04%	0.90%	0.68%	0.86%	2.78%	11.70%	2.27%	2.92%
FSRPX Fidelity Select Retailing Portfolio	6.69%	8.75%	12.41%	7.40%	2.90%	15.92%	6.82%	2.13%	2.17%	3.37%	0.14%	1.22%

Frequently Asked Questions

Can I hold both FSRPX and FCOM in my portfolio?

FSRPX and FCOM 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.

Which is riskier, FSRPX or FCOM?

FSRPX has higher volatility (4.65%) compared to FCOM (4.24%). In terms of maximum drawdown, FSRPX dropped -55.75% vs FCOM's -46.76%.

Which has better risk-adjusted returns?

FCOM currently has the higher Sharpe Ratio (1.31 vs -0.15), 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.