Correlation
The correlation between FSVLX and FEQTX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
FSVLX vs. FEQTX
Compare and contrast key facts about Fidelity Select Fintech Portfolio (FSVLX) and Fidelity Equity Dividend Income Fund (FEQTX).
FSVLX is managed by Fidelity. It was launched on Dec 16, 1985. FEQTX is managed by Fidelity. It was launched on Aug 21, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSVLX or FEQTX.
Performance
FSVLX vs. FEQTX - Performance Comparison
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Key characteristics
FSVLX:
1.05
FEQTX:
0.68
FSVLX:
1.49
FEQTX:
0.99
FSVLX:
1.22
FEQTX:
1.14
FSVLX:
0.88
FEQTX:
0.70
FSVLX:
3.69
FEQTX:
2.37
FSVLX:
6.56%
FEQTX:
3.91%
FSVLX:
24.63%
FEQTX:
14.40%
FSVLX:
-83.77%
FEQTX:
-60.72%
FSVLX:
-6.34%
FEQTX:
-4.27%
Returns By Period
In the year-to-date period, FSVLX achieves a 1.24% return, which is significantly lower than FEQTX's 2.08% return. Over the past 10 years, FSVLX has underperformed FEQTX with an annualized return of 7.68%, while FEQTX has yielded a comparatively higher 8.73% annualized return.
FSVLX
1.24%
7.51%
-2.58%
25.61%
10.48%
13.60%
7.68%
FEQTX
2.08%
2.66%
-4.27%
9.65%
7.60%
13.23%
8.73%
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FSVLX vs. FEQTX - Expense Ratio Comparison
FSVLX has a 0.81% expense ratio, which is higher than FEQTX's 0.58% expense ratio.
Risk-Adjusted Performance
FSVLX vs. FEQTX — Risk-Adjusted Performance Rank
FSVLX
FEQTX
FSVLX vs. FEQTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Fintech Portfolio (FSVLX) and Fidelity Equity Dividend Income Fund (FEQTX). 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.
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Dividends
FSVLX vs. FEQTX - Dividend Comparison
FSVLX has not paid dividends to shareholders, while FEQTX's dividend yield for the trailing twelve months is around 8.41%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSVLX Fidelity Select Fintech Portfolio | 0.00% | 0.00% | 0.00% | 0.00% | 19.25% | 1.93% | 1.77% | 8.59% | 1.58% | 3.84% | 10.51% | 23.56% |
FEQTX Fidelity Equity Dividend Income Fund | 8.41% | 8.39% | 5.22% | 7.65% | 11.52% | 2.43% | 8.39% | 14.31% | 10.14% | 6.12% | 5.98% | 2.53% |
Drawdowns
FSVLX vs. FEQTX - Drawdown Comparison
The maximum FSVLX drawdown since its inception was -83.77%, which is greater than FEQTX's maximum drawdown of -60.72%. Use the drawdown chart below to compare losses from any high point for FSVLX and FEQTX.
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Volatility
FSVLX vs. FEQTX - Volatility Comparison
Fidelity Select Fintech Portfolio (FSVLX) has a higher volatility of 5.74% compared to Fidelity Equity Dividend Income Fund (FEQTX) at 4.02%. This indicates that FSVLX's price experiences larger fluctuations and is considered to be riskier than FEQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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