FWRLX vs. FSKAX
FWRLX (Fidelity Select Wireless Portfolio) and FSKAX (Fidelity Total Market Index Fund) are both mutual funds - FWRLX is a Communications Equities fund managed by Fidelity, while FSKAX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 10 years, FWRLX returned 14.49%/yr vs 15.04%/yr for FSKAX. Their correlation of 0.85 suggests significant overlap in exposure. FWRLX charges 0.77%/yr vs 0.01%/yr for FSKAX.
Performance
FWRLX vs. FSKAX - Performance Comparison
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Returns By Period
In the year-to-date period, FWRLX achieves a 34.62% return, which is significantly higher than FSKAX's 10.81% return. Both investments have delivered pretty close results over the past 10 years, with FWRLX having a 14.49% annualized return and FSKAX not far ahead at 15.04%.
FWRLX
- 1D
- 1.02%
- 1M
- 1.87%
- YTD
- 34.62%
- 6M
- 28.16%
- 1Y
- 36.23%
- 3Y*
- 21.43%
- 5Y*
- 9.03%
- 10Y*
- 14.49%
FSKAX
- 1D
- 1.15%
- 1M
- 0.90%
- YTD
- 10.81%
- 6M
- 10.02%
- 1Y
- 27.57%
- 3Y*
- 20.73%
- 5Y*
- 12.91%
- 10Y*
- 15.04%
FWRLX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FWRLX Fidelity Select Wireless Portfolio | 34.62% | 2.20% | 17.12% | 25.97% | -27.86% | 12.15% | 33.39% | 40.17% | -6.37% | 24.87% |
FSKAX Fidelity Total Market Index Fund | 10.81% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Correlation
The correlation between FWRLX and FSKAX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2011 | 0.85 |
The correlation between FWRLX and FSKAX shifts across timeframes, from 0.71 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FWRLX vs. FSKAX — Risk / Return Rank
FWRLX
FSKAX
FWRLX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Wireless Portfolio (FWRLX) and Fidelity Total Market Index Fund (FSKAX). 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.
| FWRLX | FSKAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.24 | 3.08 | +1.16 |
| Martin ratioReturn relative to average drawdown | 11.96 | 13.71 | -1.76 |
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Drawdowns
FWRLX vs. FSKAX - Drawdown Comparison
The maximum FWRLX drawdown since its inception was -79.37%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FWRLX and FSKAX.
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Drawdown Indicators
| FWRLX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.37% | -35.01% | -44.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.69% | -8.92% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -19.43% | +3.62% |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | -25.39% | -6.62% |
Max Drawdown (10Y)Largest decline over 10 years | -32.01% | -35.01% | +3.00% |
Current DrawdownCurrent decline from peak | -5.06% | -1.14% | -3.92% |
Average DrawdownAverage peak-to-trough decline | -20.37% | -4.01% | -16.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.00% | +1.07% |
Volatility
FWRLX vs. FSKAX - Volatility Comparison
Fidelity Select Wireless Portfolio (FWRLX) has a higher volatility of 10.97% compared to Fidelity Total Market Index Fund (FSKAX) at 4.91%. This indicates that FWRLX's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FWRLX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.97% | 4.91% | +6.06% |
Volatility (6M)Calculated over the trailing 6-month period | 15.92% | 10.16% | +5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.96% | 12.88% | +5.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.59% | 17.51% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 18.50% | +0.05% |
FWRLX vs. FSKAX - Expense Ratio Comparison
FWRLX has a 0.77% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Dividends
FWRLX vs. FSKAX - Dividend Comparison
FWRLX's dividend yield for the trailing twelve months is around 1.30%, more than FSKAX's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSKAX Fidelity Total Market Index Fund | 0.94% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
FWRLX Fidelity Select Wireless Portfolio | 1.30% | 6.59% | 9.06% | 2.38% | 9.26% | 7.53% | 6.95% | 2.74% | 16.03% | 3.57% | 6.57% | 7.21% |
Frequently Asked Questions
FWRLX and FSKAX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FWRLX has higher volatility (10.97%) compared to FSKAX (4.91%). In terms of maximum drawdown, FWRLX dropped -79.37% vs FSKAX's -35.01%.
FSKAX currently has the higher Sharpe Ratio (2.13 vs 2.05), 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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