FSRPX vs. FDLSX

Last updated Jul 17, 2026

FSRPX (Fidelity Select Retailing Portfolio) and FDLSX (Fidelity Select Leisure Portfolio) are both Consumer Discretionary Equities funds from Fidelity. Over the past 10 years, FSRPX returned 12.16%/yr vs 10.94%/yr for FDLSX. A 0.75 correlation means they provide meaningful diversification when combined. FSRPX charges 0.72%/yr vs 0.74%/yr for FDLSX.

Performance

FSRPX vs. FDLSX - Performance Comparison

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

Returns By Period

In the year-to-date period, FSRPX achieves a 4.45% return, which is significantly higher than FDLSX's -2.80% return. Over the past 10 years, FSRPX has outperformed FDLSX with an annualized return of 12.16%, while FDLSX has yielded a comparatively lower 10.94% annualized return.

FSRPX

• 1D: 1.21%
• 1M: -0.74%
• 6M: -2.05%
• YTD: 4.45%
• 1Y: -2.31%
• 3Y*: 10.67%
• 5Y*: 2.79%
• 10Y*: 12.16%

FDLSX

• 1D: 0.18%
• 1M: -0.85%
• 6M: -4.20%
• YTD: -2.80%
• 1Y: -19.18%
• 3Y*: 5.46%
• 5Y*: 6.49%
• 10Y*: 10.94%

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

FSRPX vs. FDLSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSRPX Fidelity Select Retailing Portfolio	4.45%	-4.15%	23.28%	26.94%	-29.44%	18.25%	44.27%	26.33%	4.58%	25.55%
FDLSX Fidelity Select Leisure Portfolio	-2.80%	-5.30%	20.17%	30.14%	-15.27%	21.66%	18.59%	28.78%	-7.65%	29.09%

Correlation

The correlation between FSRPX and FDLSX is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Dec 16, 1985	0.75

The correlation between FSRPX and FDLSX has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.

Return for Risk

FSRPX vs. FDLSX — 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: 3
FSRPX Omega Ratio Rank: 2
FSRPX Calmar Ratio Rank: 2
FSRPX Martin Ratio Rank: 2

FDLSX

FDLSX Risk / Return Rank: 1
FDLSX Sharpe Ratio Rank: 1
FDLSX Sortino Ratio Rank: 1
FDLSX Omega Ratio Rank: 1
FDLSX Calmar Ratio Rank: 1
FDLSX Martin Ratio Rank: 1

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. FDLSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Retailing Portfolio (FSRPX) and Fidelity Select Leisure Portfolio (FDLSX). 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.

	FSRPX	FDLSX	Difference
Sharpe ratio: Return per unit of total volatility	-0.14	-0.89	+0.75
Sortino ratio: Return per unit of downside risk	-0.05	-1.10	+1.05
Omega ratio: Gain probability vs. loss probability	0.99	0.86	+0.14
Calmar ratio: Return relative to maximum drawdown	-0.15	-0.68	+0.53
Martin ratio: Return relative to average drawdown	-0.33	-1.12	+0.79

FSRPX vs. FDLSX - Sharpe Ratio Comparison

The current FSRPX Sharpe Ratio is -0.14, which is higher than the FDLSX Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of FSRPX and FDLSX, 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

FSRPX vs. FDLSX - Drawdown Comparison

The maximum FSRPX drawdown since its inception was -55.75%, which is greater than FDLSX's maximum drawdown of -51.58%. Use the drawdown chart below to compare losses from any high point for FSRPX and FDLSX.

Drawdown Indicators

	FSRPX	FDLSX	Difference
Max Drawdown Largest peak-to-trough decline	-55.75%	-51.58%	-4.17%
Max Drawdown (1Y) Largest decline over 1 year	-17.79%	-28.30%	+10.51%
Max Drawdown (3Y) Largest decline over 3 years	-22.58%	-28.33%	+5.75%
Max Drawdown (5Y) Largest decline over 5 years	-39.01%	-28.33%	-10.68%
Max Drawdown (10Y) Largest decline over 10 years	-39.01%	-48.44%	+9.43%
Current Drawdown Current decline from peak	-9.27%	-20.34%	+11.07%
Average Drawdown Average peak-to-trough decline	-9.09%	-8.96%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.28%	17.18%	-8.90%

Volatility

FSRPX vs. FDLSX - Volatility Comparison

The current volatility for Fidelity Select Retailing Portfolio (FSRPX) is 5.30%, while Fidelity Select Leisure Portfolio (FDLSX) has a volatility of 5.64%. This indicates that FSRPX experiences smaller price fluctuations and is considered to be less risky than FDLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSRPX	FDLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	5.64%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	11.99%	15.29%	-3.30%
Volatility (1Y) Calculated over the trailing 1-year period	19.68%	21.83%	-2.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.80%	21.63%	+1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.63%	22.35%	-0.72%

FSRPX vs. FDLSX - Expense Ratio Comparison

FSRPX has a 0.72% expense ratio, which is lower than FDLSX's 0.74% expense ratio.

Dividends

FSRPX vs. FDLSX - Dividend Comparison

FSRPX's dividend yield for the trailing twelve months is around 6.56%, more than FDLSX's 5.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDLSX Fidelity Select Leisure Portfolio	5.31%	9.12%	7.41%	1.64%	3.32%	22.77%	2.36%	6.43%	19.76%	6.33%	1.01%	5.42%
FSRPX Fidelity Select Retailing Portfolio	6.56%	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 FDLSX in my portfolio?

FSRPX and FDLSX have a correlation of 0.66, 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 FDLSX?

FDLSX has higher volatility (5.64%) compared to FSRPX (5.30%). In terms of maximum drawdown, FSRPX dropped -55.75% vs FDLSX's -51.58%.

Which has better risk-adjusted returns?

FSRPX currently has the higher Sharpe Ratio (-0.14 vs -0.89), 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.