FWRLX vs. PRMTX
FWRLX (Fidelity Select Wireless Portfolio) and PRMTX (T. Rowe Price Communications & Technology Fund) are both Communications Equities funds. Over the past 10 years, FWRLX returned 12.79%/yr vs 14.25%/yr for PRMTX. Their correlation of 0.85 means they have usually moved in the same direction. Both charge a 0.77% expense ratio.
Performance
FWRLX vs. PRMTX - Performance Comparison
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Returns By Period
In the year-to-date period, FWRLX achieves a 21.82% return, which is significantly higher than PRMTX's -3.14% return. Over the past 10 years, FWRLX has underperformed PRMTX with an annualized return of 12.79%, while PRMTX has yielded a comparatively higher 14.25% annualized return.
FWRLX
- 1D
- 0.99%
- 1M
- -4.87%
- 6M
- 17.10%
- YTD
- 21.82%
- 1Y
- 20.50%
- 3Y*
- 17.85%
- 5Y*
- 6.13%
- 10Y*
- 12.79%
- ALL TIME*
- 6.07%
PRMTX
- 1D
- 2.69%
- 1M
- -2.20%
- 6M
- -0.02%
- YTD
- -3.14%
- 1Y
- -5.93%
- 3Y*
- 19.45%
- 5Y*
- 4.13%
- 10Y*
- 14.25%
- ALL TIME*
- 14.60%
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 |
FWRLX vs. PRMTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FWRLX Fidelity Select Wireless Portfolio | 21.82% | 2.20% | 17.12% | 25.97% | -27.86% | 12.15% | 33.39% | 40.17% | -6.37% | 24.87% |
PRMTX T. Rowe Price Communications & Technology Fund | -3.14% | 6.86% | 48.75% | 39.30% | -40.90% | 9.81% | 53.69% | 35.69% | -1.85% | 33.00% |
Correlation
The correlation between FWRLX and PRMTX is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2000 | 0.85 |
Over the past year, the correlation between FWRLX and PRMTX has dropped to 0.61 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
FWRLX vs. PRMTX — Risk / Return Rank
FWRLX
PRMTX
FWRLX vs. PRMTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Wireless Portfolio (FWRLX) and T. Rowe Price Communications & Technology Fund (PRMTX). 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 | PRMTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.97 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | -0.22 | +1.69 |
| Martin ratioReturn relative to average drawdown | 4.51 | -0.47 | +4.98 |
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Drawdowns
FWRLX vs. PRMTX - Drawdown Comparison
The maximum FWRLX drawdown since its inception was -79.37%, which is greater than PRMTX's maximum drawdown of -66.30%. Use the drawdown chart below to compare losses from any high point for FWRLX and PRMTX.
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Drawdown Indicators
| FWRLX | PRMTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.37% | -66.30% | -13.07% |
Max Drawdown (1Y)Largest decline over 1 year | -14.93% | -17.29% | +2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -20.69% | +4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | -47.17% | +15.16% |
Max Drawdown (10Y)Largest decline over 10 years | -32.01% | -47.17% | +15.16% |
Current DrawdownCurrent decline from peak | -14.09% | -10.78% | -3.31% |
Average DrawdownAverage peak-to-trough decline | -20.33% | -13.92% | -6.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 8.10% | -3.26% |
Volatility
FWRLX vs. PRMTX - Volatility Comparison
The current volatility for Fidelity Select Wireless Portfolio (FWRLX) is 5.53%, while T. Rowe Price Communications & Technology Fund (PRMTX) has a volatility of 6.37%. This indicates that FWRLX experiences smaller price fluctuations and is considered to be less risky than PRMTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FWRLX | PRMTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 6.37% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 16.04% | 13.62% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.89% | 16.36% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.77% | 21.82% | -3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 21.01% | -2.48% |
FWRLX vs. PRMTX - Expense Ratio Comparison
Both FWRLX and PRMTX have an expense ratio of 0.77%.
Dividends
FWRLX vs. PRMTX - Dividend Comparison
FWRLX's dividend yield for the trailing twelve months is around 1.44%, less than PRMTX's 26.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWRLX Fidelity Select Wireless Portfolio | 1.44% | 6.59% | 9.06% | 2.38% | 9.26% | 7.53% | 6.95% | 2.74% | 16.03% | 3.57% | 6.57% | 7.21% |
PRMTX T. Rowe Price Communications & Technology Fund | 26.04% | 25.23% | 14.78% | 7.74% | 17.50% | 8.35% | 5.29% | 2.45% | 1.28% | 2.35% | 2.24% | 3.20% |
Frequently Asked Questions
FWRLX and PRMTX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRMTX has higher volatility (6.37%) compared to FWRLX (5.53%). In terms of maximum drawdown, FWRLX dropped -79.37% vs PRMTX's -66.30%.
FWRLX currently has the higher Sharpe Ratio (1.16 vs -0.23), 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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