FSRPX vs. FSCPX

Last updated Jun 4, 2026

FSRPX (Fidelity Select Retailing Portfolio) and FSCPX (Fidelity Select Consumer Discretionary Portfolio) are both Consumer Discretionary Equities funds from Fidelity. Over the past 10 years, FSRPX returned 12.26%/yr vs 12.34%/yr for FSCPX. Their correlation of 0.88 suggests significant overlap in exposure. FSRPX charges 0.72%/yr vs 0.76%/yr for FSCPX.

Performance

FSRPX vs. FSCPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Retailing Portfolio (FSRPX) and Fidelity Select Consumer Discretionary Portfolio (FSCPX). 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 FSCPX's 0.24% return. Both investments have delivered pretty close results over the past 10 years, with FSRPX having a 12.26% annualized return and FSCPX not far ahead at 12.34%.

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%

FSCPX

• 1D: -0.26%
• 1M: 0.83%
• YTD: 0.24%
• 6M: 0.10%
• 1Y: 13.87%
• 3Y*: 16.92%
• 5Y*: 6.72%
• 10Y*: 12.34%

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

FSRPX vs. FSCPX - 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%
FSCPX Fidelity Select Consumer Discretionary Portfolio	0.24%	7.88%	24.56%	41.81%	-34.88%	19.23%	35.68%	27.06%	-1.03%	21.70%

Correlation

The correlation between FSRPX and FSCPX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jul 2, 1990	0.88

The correlation between FSRPX and FSCPX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

Return for Risk

FSRPX vs. FSCPX — 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

FSCPX

FSCPX Risk / Return Rank: 10
FSCPX Sharpe Ratio Rank: 10
FSCPX Sortino Ratio Rank: 10
FSCPX Omega Ratio Rank: 9
FSCPX Calmar Ratio Rank: 9
FSCPX Martin Ratio Rank: 10

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. FSCPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Retailing Portfolio (FSRPX) and Fidelity Select Consumer Discretionary Portfolio (FSCPX). 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	FSCPX	Difference
Sharpe ratio: Return per unit of total volatility	-0.15	0.78	-0.92
Sortino ratio: Return per unit of downside risk	-0.06	1.22	-1.28
Omega ratio: Gain probability vs. loss probability	0.99	1.14	-0.15
Calmar ratio: Return relative to maximum drawdown	-0.16	0.92	-1.08
Martin ratio: Return relative to average drawdown	-0.38	2.92	-3.30
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. FSCPX - Sharpe Ratio Comparison

The current FSRPX Sharpe Ratio is -0.15, which is lower than the FSCPX Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of FSRPX and FSCPX, 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	FSCPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.15	0.78	-0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.27	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.55	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.54	+0.10

Drawdowns

FSRPX vs. FSCPX - Drawdown Comparison

The maximum FSRPX drawdown since its inception was -55.75%, roughly equal to the maximum FSCPX drawdown of -57.76%. Use the drawdown chart below to compare losses from any high point for FSRPX and FSCPX.

Drawdown Indicators

	FSRPX	FSCPX	Difference
Max Drawdown Largest peak-to-trough decline	-55.75%	-57.76%	+2.01%
Max Drawdown (1Y) Largest decline over 1 year	-17.79%	-15.99%	-1.80%
Max Drawdown (3Y) Largest decline over 3 years	-22.58%	-27.71%	+5.13%
Max Drawdown (5Y) Largest decline over 5 years	-39.01%	-39.23%	+0.22%
Max Drawdown (10Y) Largest decline over 10 years	-39.01%	-39.23%	+0.22%
Current Drawdown Current decline from peak	-11.03%	-5.05%	-5.98%
Average Drawdown Average peak-to-trough decline	-9.09%	-8.55%	-0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.49%	5.02%	+2.47%

Volatility

FSRPX vs. FSCPX - Volatility Comparison

The current volatility for Fidelity Select Retailing Portfolio (FSRPX) is 4.65%, while Fidelity Select Consumer Discretionary Portfolio (FSCPX) has a volatility of 5.99%. This indicates that FSRPX experiences smaller price fluctuations and is considered to be less risky than FSCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSRPX	FSCPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	5.99%	-1.34%
Volatility (6M) Calculated over the trailing 6-month period	16.52%	13.67%	+2.85%
Volatility (1Y) Calculated over the trailing 1-year period	19.26%	18.93%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.72%	24.78%	-2.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.62%	22.72%	-1.10%

FSRPX vs. FSCPX - Expense Ratio Comparison

FSRPX has a 0.72% expense ratio, which is lower than FSCPX's 0.76% expense ratio.

Dividends

FSRPX vs. FSCPX - Dividend Comparison

FSRPX's dividend yield for the trailing twelve months is around 6.69%, less than FSCPX's 9.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSCPX Fidelity Select Consumer Discretionary Portfolio	9.17%	5.78%	7.41%	2.17%	13.79%	9.08%	1.16%	2.22%	3.32%	3.72%	0.90%	3.81%
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 FSCPX in my portfolio?

FSRPX and FSCPX have a correlation of 0.87, 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 FSCPX?

FSCPX has higher volatility (5.99%) compared to FSRPX (4.65%). In terms of maximum drawdown, FSRPX dropped -55.75% vs FSCPX's -57.76%.

Which has better risk-adjusted returns?

FSCPX currently has the higher Sharpe Ratio (0.78 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.