FSVLX vs. SFPAX
FSVLX (Fidelity Select Fintech Portfolio) and SFPAX (Saratoga Financial Service Fund) are both Financials Equities funds. Over the past 10 years, FSVLX returned 6.68%/yr vs 9.41%/yr for SFPAX. Their correlation of 0.84 suggests significant overlap in exposure. FSVLX charges 0.81%/yr vs 3.81%/yr for SFPAX.
Performance
FSVLX vs. SFPAX - Performance Comparison
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Returns By Period
Over the past 10 years, FSVLX has underperformed SFPAX with an annualized return of 6.68%, while SFPAX has yielded a comparatively higher 9.41% annualized return.
FSVLX
- 1D
- -0.33%
- 1M
- 1.46%
- YTD
- -21.51%
- 6M
- -23.17%
- 1Y
- -23.71%
- 3Y*
- 2.02%
- 5Y*
- -4.64%
- 10Y*
- 6.68%
SFPAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 2.80%
- 3Y*
- 16.22%
- 5Y*
- 6.05%
- 10Y*
- 9.41%
FSVLX vs. SFPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSVLX Fidelity Select Fintech Portfolio | -21.51% | 0.26% | 22.04% | 24.55% | -29.75% | 22.31% | 2.25% | 34.18% | -10.51% | 23.13% |
SFPAX Saratoga Financial Service Fund | 0.00% | 7.00% | 26.05% | 10.58% | -14.36% | 31.17% | -5.81% | 29.63% | -19.23% | 19.28% |
Correlation
The correlation between FSVLX and SFPAX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.84 |
Over the past year, the correlation between FSVLX and SFPAX has dropped to 0.44 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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Return for Risk
FSVLX vs. SFPAX — Risk / Return Rank
FSVLX
SFPAX
FSVLX vs. SFPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Fintech Portfolio (FSVLX) and Saratoga Financial Service Fund (SFPAX). 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 | SFPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.13 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 0.97 | -1.69 |
| Martin ratioReturn relative to average drawdown | -1.41 | 1.96 | -3.37 |
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Drawdowns
FSVLX vs. SFPAX - Drawdown Comparison
The maximum FSVLX drawdown since its inception was -83.84%, which is greater than SFPAX's maximum drawdown of -71.98%. Use the drawdown chart below to compare losses from any high point for FSVLX and SFPAX.
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Drawdown Indicators
| FSVLX | SFPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.84% | -71.98% | -11.86% |
Max Drawdown (1Y)Largest decline over 1 year | -30.77% | -4.86% | -25.91% |
Max Drawdown (3Y)Largest decline over 3 years | -31.70% | -17.92% | -13.78% |
Max Drawdown (5Y)Largest decline over 5 years | -42.62% | -27.51% | -15.11% |
Max Drawdown (10Y)Largest decline over 10 years | -51.70% | -45.64% | -6.06% |
Current DrawdownCurrent decline from peak | -27.20% | -2.65% | -24.55% |
Average DrawdownAverage peak-to-trough decline | -25.64% | -20.93% | -4.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.74% | 2.35% | +13.39% |
Volatility
FSVLX vs. SFPAX - Volatility Comparison
Fidelity Select Fintech Portfolio (FSVLX) has a higher volatility of 7.46% compared to Saratoga Financial Service Fund (SFPAX) at 0.00%. This indicates that FSVLX's price experiences larger fluctuations and is considered to be riskier than SFPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSVLX | SFPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.46% | 0.00% | +7.46% |
Volatility (6M)Calculated over the trailing 6-month period | 18.66% | 3.48% | +15.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.46% | 9.56% | +12.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.80% | 18.78% | +6.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.82% | 22.56% | +3.26% |
FSVLX vs. SFPAX - Expense Ratio Comparison
FSVLX has a 0.81% expense ratio, which is lower than SFPAX's 3.81% expense ratio.
Dividends
FSVLX vs. SFPAX - Dividend Comparison
Neither FSVLX nor SFPAX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SFPAX Saratoga Financial Service Fund | 0.00% | 0.00% | 5.91% | 5.05% | 5.71% | 5.03% | 4.18% | 7.10% | 22.58% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSVLX and SFPAX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSVLX has higher volatility (7.46%) compared to SFPAX (0.00%). In terms of maximum drawdown, FSVLX dropped -83.84% vs SFPAX's -71.98%.
SFPAX currently has the higher Sharpe Ratio (0.50 vs -0.99), 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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