FSVLX vs. FSPCX

Last updated Jul 14, 2026

FSVLX (Fidelity Select Fintech Portfolio) and FSPCX (Fidelity Select Insurance Portfolio) are both Financials Equities funds from Fidelity. Over the past 10 years, FSVLX returned 6.89%/yr vs 13.07%/yr for FSPCX. A 0.74 correlation means they provide meaningful diversification when combined. FSVLX charges 0.81%/yr vs 0.78%/yr for FSPCX.

Performance

FSVLX vs. FSPCX - Performance Comparison

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

Returns By Period

In the year-to-date period, FSVLX achieves a -14.98% return, which is significantly lower than FSPCX's 8.14% return. Over the past 10 years, FSVLX has underperformed FSPCX with an annualized return of 6.89%, while FSPCX has yielded a comparatively higher 13.07% annualized return.

FSVLX

• 1D: 0.24%
• 1M: 9.99%
• 6M: -14.36%
• YTD: -14.98%
• 1Y: -16.69%
• 3Y*: 3.27%
• 5Y*: -3.19%
• 10Y*: 6.89%

FSPCX

• 1D: 0.03%
• 1M: 8.31%
• 6M: 8.86%
• YTD: 8.14%
• 1Y: 10.22%
• 3Y*: 16.45%
• 5Y*: 14.30%
• 10Y*: 13.07%

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

FSVLX vs. FSPCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSVLX Fidelity Select Fintech Portfolio	-14.98%	0.26%	22.04%	24.55%	-29.75%	22.31%	2.25%	34.18%	-10.51%	23.13%
FSPCX Fidelity Select Insurance Portfolio	8.14%	3.45%	28.44%	12.98%	7.75%	29.26%	0.00%	30.06%	-11.99%	15.50%

Correlation

The correlation between FSVLX and FSPCX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Dec 16, 1985	0.74

Over the past year, the correlation between FSVLX and FSPCX has dropped to 0.32 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

Return for Risk

FSVLX vs. FSPCX — Risk / Return Rank

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

FSVLX

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

FSPCX

FSPCX Risk / Return Rank: 11
FSPCX Sharpe Ratio Rank: 10
FSPCX Sortino Ratio Rank: 11
FSPCX Omega Ratio Rank: 11
FSPCX Calmar Ratio Rank: 14
FSPCX 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.

FSVLX vs. FSPCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Fintech Portfolio (FSVLX) and Fidelity Select Insurance Portfolio (FSPCX). 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.

	FSVLX	FSPCX	Difference
Sharpe ratio: Return per unit of total volatility	-0.80	0.58	-1.38
Sortino ratio: Return per unit of downside risk	-0.99	0.94	-1.93
Omega ratio: Gain probability vs. loss probability	0.88	1.11	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.61	0.93	-1.54
Martin ratio: Return relative to average drawdown	-1.14	1.90	-3.04

FSVLX vs. FSPCX - Sharpe Ratio Comparison

The current FSVLX Sharpe Ratio is -0.80, which is lower than the FSPCX Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of FSVLX and FSPCX, 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

FSVLX vs. FSPCX - Drawdown Comparison

The maximum FSVLX drawdown since its inception was -83.84%, which is greater than FSPCX's maximum drawdown of -69.48%. Use the drawdown chart below to compare losses from any high point for FSVLX and FSPCX.

Drawdown Indicators

	FSVLX	FSPCX	Difference
Max Drawdown Largest peak-to-trough decline	-83.84%	-69.48%	-14.36%
Max Drawdown (1Y) Largest decline over 1 year	-30.40%	-9.98%	-20.42%
Max Drawdown (3Y) Largest decline over 3 years	-31.70%	-11.69%	-20.01%
Max Drawdown (5Y) Largest decline over 5 years	-42.62%	-16.65%	-25.97%
Max Drawdown (10Y) Largest decline over 10 years	-51.70%	-43.68%	-8.02%
Current Drawdown Current decline from peak	-21.14%	-1.12%	-20.02%
Average Drawdown Average peak-to-trough decline	-25.64%	-9.69%	-15.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.06%	4.89%	+11.17%

Volatility

FSVLX vs. FSPCX - Volatility Comparison

Fidelity Select Fintech Portfolio (FSVLX) has a higher volatility of 7.20% compared to Fidelity Select Insurance Portfolio (FSPCX) at 5.61%. This indicates that FSVLX's price experiences larger fluctuations and is considered to be riskier than FSPCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSVLX	FSPCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.20%	5.61%	+1.59%
Volatility (6M) Calculated over the trailing 6-month period	19.42%	12.06%	+7.36%
Volatility (1Y) Calculated over the trailing 1-year period	23.08%	15.99%	+7.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.86%	17.54%	+7.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.82%	20.05%	+5.77%

FSVLX vs. FSPCX - Expense Ratio Comparison

FSVLX has a 0.81% expense ratio, which is higher than FSPCX's 0.78% expense ratio.

Dividends

FSVLX vs. FSPCX - Dividend Comparison

FSVLX has not paid dividends to shareholders, while FSPCX's dividend yield for the trailing twelve months is around 4.35%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSPCX Fidelity Select Insurance Portfolio	4.35%	3.35%	8.72%	8.48%	0.74%	8.40%	8.80%	6.90%	32.69%	12.52%	2.81%	3.11%
FSVLX Fidelity Select Fintech Portfolio	0.00%	0.00%	0.00%	0.00%	0.00%	19.25%	1.93%	1.77%	8.59%	1.58%	3.84%	10.51%

Frequently Asked Questions

Can I hold both FSVLX and FSPCX in my portfolio?

FSVLX and FSPCX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSVLX or FSPCX?

FSVLX has higher volatility (7.20%) compared to FSPCX (5.61%). In terms of maximum drawdown, FSVLX dropped -83.84% vs FSPCX's -69.48%.

Which has better risk-adjusted returns?

FSPCX currently has the higher Sharpe Ratio (0.58 vs -0.80), 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.