FSTCX vs. GABTX

Last updated Jun 24, 2026

FSTCX (Fidelity Select Telecommunications Portfolio) and GABTX (Gabelli Global Content & Connectivity Fund) are both Communications Equities funds. Over the past 10 years, FSTCX returned 6.91%/yr vs 7.55%/yr for GABTX. A 0.80 correlation means they provide meaningful diversification when combined. FSTCX charges 0.79%/yr vs 0.96%/yr for GABTX.

Performance

FSTCX vs. GABTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Telecommunications Portfolio (FSTCX) and Gabelli Global Content & Connectivity Fund (GABTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FSTCX having a 12.09% return and GABTX slightly higher at 12.37%. Over the past 10 years, FSTCX has underperformed GABTX with an annualized return of 6.91%, while GABTX has yielded a comparatively higher 7.55% annualized return.

FSTCX

• 1D: -0.78%
• 1M: -8.03%
• YTD: 12.09%
• 6M: 11.46%
• 1Y: 12.15%
• 3Y*: 20.06%
• 5Y*: 4.25%
• 10Y*: 6.91%

GABTX

• 1D: -1.17%
• 1M: -1.99%
• YTD: 12.37%
• 6M: 12.96%
• 1Y: 31.84%
• 3Y*: 22.37%
• 5Y*: 6.53%
• 10Y*: 7.55%

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

FSTCX vs. GABTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSTCX Fidelity Select Telecommunications Portfolio	12.09%	11.63%	21.18%	7.29%	-16.99%	-2.69%	20.63%	20.43%	-8.03%	1.44%
GABTX Gabelli Global Content & Connectivity Fund	12.37%	27.50%	14.94%	22.81%	-28.59%	5.15%	16.44%	15.63%	-11.90%	13.37%

Correlation

The correlation between FSTCX and GABTX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Oct 29, 1993	0.80

Over the past year, the correlation between FSTCX and GABTX has dropped to 0.47 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

Return for Risk

FSTCX vs. GABTX — Risk / Return Rank

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

FSTCX

FSTCX Risk / Return Rank: 14
FSTCX Sharpe Ratio Rank: 11
FSTCX Sortino Ratio Rank: 12
FSTCX Omega Ratio Rank: 10
FSTCX Calmar Ratio Rank: 18
FSTCX Martin Ratio Rank: 20

GABTX

GABTX Risk / Return Rank: 69
GABTX Sharpe Ratio Rank: 75
GABTX Sortino Ratio Rank: 75
GABTX Omega Ratio Rank: 62
GABTX Calmar Ratio Rank: 84
GABTX 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.

FSTCX vs. GABTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Telecommunications Portfolio (FSTCX) and Gabelli Global Content & Connectivity Fund (GABTX). 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.

	FSTCX	GABTX	Difference
Sharpe ratio: Return per unit of total volatility	0.85	2.32	-1.47
Sortino ratio: Return per unit of downside risk	1.32	3.31	-1.99
Omega ratio: Gain probability vs. loss probability	1.15	1.40	-0.25
Calmar ratio: Return relative to maximum drawdown	1.40	3.72	-2.32
Martin ratio: Return relative to average drawdown	4.60	9.15	-4.54

FSTCX vs. GABTX - Sharpe Ratio Comparison

The current FSTCX Sharpe Ratio is 0.85, which is lower than the GABTX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of FSTCX and GABTX, 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

FSTCX vs. GABTX - Drawdown Comparison

The maximum FSTCX drawdown since its inception was -82.81%, which is greater than GABTX's maximum drawdown of -69.14%. Use the drawdown chart below to compare losses from any high point for FSTCX and GABTX.

Drawdown Indicators

	FSTCX	GABTX	Difference
Max Drawdown Largest peak-to-trough decline	-82.81%	-69.14%	-13.67%
Max Drawdown (1Y) Largest decline over 1 year	-10.52%	-9.11%	-1.41%
Max Drawdown (3Y) Largest decline over 3 years	-11.00%	-15.69%	+4.69%
Max Drawdown (5Y) Largest decline over 5 years	-33.00%	-39.83%	+6.83%
Max Drawdown (10Y) Largest decline over 10 years	-34.08%	-39.83%	+5.75%
Current Drawdown Current decline from peak	-10.52%	-6.12%	-4.40%
Average Drawdown Average peak-to-trough decline	-24.62%	-16.55%	-8.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	3.70%	-0.51%

Volatility

FSTCX vs. GABTX - Volatility Comparison

Fidelity Select Telecommunications Portfolio (FSTCX) has a higher volatility of 6.80% compared to Gabelli Global Content & Connectivity Fund (GABTX) at 6.21%. This indicates that FSTCX's price experiences larger fluctuations and is considered to be riskier than GABTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSTCX	GABTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.80%	6.21%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	13.94%	11.37%	+2.57%
Volatility (1Y) Calculated over the trailing 1-year period	17.26%	14.64%	+2.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.88%	16.54%	+1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.07%	16.45%	+1.62%

FSTCX vs. GABTX - Expense Ratio Comparison

FSTCX has a 0.79% expense ratio, which is lower than GABTX's 0.96% expense ratio.

Dividends

FSTCX vs. GABTX - Dividend Comparison

FSTCX's dividend yield for the trailing twelve months is around 2.61%, less than GABTX's 15.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSTCX Fidelity Select Telecommunications Portfolio	2.61%	2.57%	2.19%	3.72%	8.13%	15.37%	8.11%	3.33%	3.23%	19.90%	6.40%	1.99%
GABTX Gabelli Global Content & Connectivity Fund	15.90%	17.87%	0.00%	0.32%	2.28%	6.72%	3.08%	6.45%	6.03%	6.41%	7.02%	8.31%

Frequently Asked Questions

Can I hold both FSTCX and GABTX in my portfolio?

FSTCX and GABTX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSTCX or GABTX?

FSTCX has higher volatility (6.80%) compared to GABTX (6.21%). In terms of maximum drawdown, FSTCX dropped -82.81% vs GABTX's -69.14%.

Which has better risk-adjusted returns?

GABTX currently has the higher Sharpe Ratio (2.32 vs 0.85), 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.