FSVLX vs. FSPTX
FSVLX (Fidelity Select Fintech Portfolio) and FSPTX (Fidelity Select Technology Portfolio) are both mutual funds - FSVLX is a Financials Equities fund managed by Fidelity, while FSPTX is a Technology Equities fund actively managed by Fidelity. Over the past 10 years, FSVLX returned 7.11%/yr vs 25.58%/yr for FSPTX. Their 0.58 correlation means they have sometimes moved together and sometimes differently. FSVLX charges 0.81%/yr vs 0.61%/yr for FSPTX.
Performance
FSVLX vs. FSPTX - Performance Comparison
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Returns By Period
In the year-to-date period, FSVLX achieves a -11.79% return, which is significantly lower than FSPTX's 30.03% return. Over the past 10 years, FSVLX has underperformed FSPTX with an annualized return of 7.11%, while FSPTX has yielded a comparatively higher 25.58% annualized return.
FSVLX
- 1D
- -0.41%
- 1M
- 3.00%
- 6M
- -1.04%
- YTD
- -11.79%
- 1Y
- -11.83%
- 3Y*
- 3.63%
- 5Y*
- -2.49%
- 10Y*
- 7.11%
- ALL TIME*
- 8.04%
FSPTX
- 1D
- 3.77%
- 1M
- -2.64%
- 6M
- 27.84%
- YTD
- 30.03%
- 1Y
- 46.11%
- 3Y*
- 33.19%
- 5Y*
- 19.84%
- 10Y*
- 25.58%
- ALL TIME*
- 14.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSVLX vs. FSPTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSVLX Fidelity Select Fintech Portfolio | -11.79% | 0.26% | 22.04% | 24.55% | -29.75% | 22.31% | 2.25% | 34.18% | -10.51% | 23.13% |
FSPTX Fidelity Select Technology Portfolio | 30.03% | 23.37% | 41.76% | 59.83% | -36.91% | 21.99% | 63.95% | 51.08% | -9.03% | 49.75% |
Correlation
The correlation between FSVLX and FSPTX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 1985 | 0.58 |
Over the past year, the correlation between FSVLX and FSPTX has dropped to 0.37 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
FSVLX vs. FSPTX — Risk / Return Rank
FSVLX
FSPTX
FSVLX vs. FSPTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Fintech Portfolio (FSVLX) and Fidelity Select Technology Portfolio (FSPTX). 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 | FSPTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.28 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 2.86 | -3.36 |
| Martin ratioReturn relative to average drawdown | -0.91 | 8.20 | -9.11 |
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Drawdowns
FSVLX vs. FSPTX - Drawdown Comparison
The maximum FSVLX drawdown since its inception was -83.84%, roughly equal to the maximum FSPTX drawdown of -84.37%. Use the drawdown chart below to compare losses from any high point for FSVLX and FSPTX.
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Drawdown Indicators
| FSVLX | FSPTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.84% | -84.37% | +0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -29.85% | -14.87% | -14.98% |
Max Drawdown (3Y)Largest decline over 3 years | -31.70% | -29.22% | -2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -42.62% | -42.16% | -0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -51.70% | -42.16% | -9.54% |
Current DrawdownCurrent decline from peak | -18.18% | -11.67% | -6.51% |
Average DrawdownAverage peak-to-trough decline | -25.63% | -26.96% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.08% | 5.19% | +10.89% |
Volatility
FSVLX vs. FSPTX - Volatility Comparison
The current volatility for Fidelity Select Fintech Portfolio (FSVLX) is 7.58%, while Fidelity Select Technology Portfolio (FSPTX) has a volatility of 8.28%. This indicates that FSVLX experiences smaller price fluctuations and is considered to be less risky than FSPTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSVLX | FSPTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.58% | 8.28% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 19.59% | 21.29% | -1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.53% | 25.63% | -2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.89% | 28.04% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.87% | 26.29% | -0.42% |
FSVLX vs. FSPTX - Expense Ratio Comparison
FSVLX has a 0.81% expense ratio, which is higher than FSPTX's 0.61% expense ratio.
Dividends
FSVLX vs. FSPTX - Dividend Comparison
FSVLX has not paid dividends to shareholders, while FSPTX's dividend yield for the trailing twelve months is around 8.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPTX Fidelity Select Technology Portfolio | 8.35% | 9.06% | 9.42% | 0.01% | 3.95% | 11.62% | 18.86% | 1.86% | 23.77% | 8.32% | 1.54% | 4.19% |
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
FSVLX and FSPTX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSPTX has higher volatility (8.28%) compared to FSVLX (7.58%). In terms of maximum drawdown, FSVLX dropped -83.84% vs FSPTX's -84.37%.
FSPTX currently has the higher Sharpe Ratio (1.66 vs -0.62), 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.
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