PBFDX vs. FSCSX
PBFDX (Payson Total Return Fund) and FSCSX (Fidelity Select Software & IT Services Portfolio) are both mutual funds - PBFDX is a Large Cap Blend Equities fund managed by Payson, while FSCSX is a Technology Equities fund actively managed by Fidelity. Over the past 10 years, PBFDX returned 16.32%/yr vs 16.04%/yr for FSCSX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. PBFDX charges 0.82%/yr vs 0.67%/yr for FSCSX.
Performance
PBFDX vs. FSCSX - Performance Comparison
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Returns By Period
In the year-to-date period, PBFDX achieves a 11.33% return, which is significantly higher than FSCSX's -7.94% return. Both investments have delivered pretty close results over the past 10 years, with PBFDX having a 16.32% annualized return and FSCSX not far behind at 16.04%.
PBFDX
- 1D
- 2.17%
- 1M
- 0.99%
- 6M
- 6.93%
- YTD
- 11.33%
- 1Y
- 25.92%
- 3Y*
- 20.81%
- 5Y*
- 13.89%
- 10Y*
- 16.32%
- ALL TIME*
- 9.22%
FSCSX
- 1D
- 4.54%
- 1M
- 3.36%
- 6M
- 7.49%
- YTD
- -7.94%
- 1Y
- -7.49%
- 3Y*
- 9.84%
- 5Y*
- 5.19%
- 10Y*
- 16.04%
- ALL TIME*
- 15.54%
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 |
PBFDX vs. FSCSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBFDX Payson Total Return Fund | 11.33% | 21.20% | 21.77% | 25.65% | -14.60% | 30.84% | 20.49% | 31.67% | -1.79% | 21.76% |
FSCSX Fidelity Select Software & IT Services Portfolio | -7.94% | 6.96% | 19.66% | 51.72% | -29.13% | 18.13% | 45.55% | 38.99% | 4.08% | 38.60% |
Correlation
The correlation between PBFDX and FSCSX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 1991 | 0.73 |
Over the past year, the correlation between PBFDX and FSCSX has dropped to 0.46 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
PBFDX vs. FSCSX — Risk / Return Rank
PBFDX
FSCSX
PBFDX vs. FSCSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payson Total Return Fund (PBFDX) and Fidelity Select Software & IT Services Portfolio (FSCSX). 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.
| PBFDX | FSCSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.96 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | -0.31 | +2.47 |
| Martin ratioReturn relative to average drawdown | 8.63 | -0.63 | +9.26 |
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Drawdowns
PBFDX vs. FSCSX - Drawdown Comparison
The maximum PBFDX drawdown since its inception was -54.99%, smaller than the maximum FSCSX drawdown of -64.66%. Use the drawdown chart below to compare losses from any high point for PBFDX and FSCSX.
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Drawdown Indicators
| PBFDX | FSCSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.99% | -64.66% | +9.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -34.24% | +23.31% |
Max Drawdown (3Y)Largest decline over 3 years | -20.83% | -34.24% | +13.41% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | -37.06% | +14.89% |
Max Drawdown (10Y)Largest decline over 10 years | -33.02% | -37.06% | +4.04% |
Current DrawdownCurrent decline from peak | -1.74% | -13.20% | +11.46% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -13.24% | +6.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 16.66% | -13.92% |
Volatility
PBFDX vs. FSCSX - Volatility Comparison
The current volatility for Payson Total Return Fund (PBFDX) is 3.89%, while Fidelity Select Software & IT Services Portfolio (FSCSX) has a volatility of 7.60%. This indicates that PBFDX experiences smaller price fluctuations and is considered to be less risky than FSCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBFDX | FSCSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 7.60% | -3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 26.29% | -14.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.64% | 29.64% | -14.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.88% | 26.84% | -8.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.01% | 24.75% | -5.74% |
PBFDX vs. FSCSX - Expense Ratio Comparison
PBFDX has a 0.82% expense ratio, which is higher than FSCSX's 0.67% expense ratio.
Dividends
PBFDX vs. FSCSX - Dividend Comparison
PBFDX's dividend yield for the trailing twelve months is around 1.70%, less than FSCSX's 21.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCSX Fidelity Select Software & IT Services Portfolio | 21.82% | 15.40% | 19.17% | 7.72% | 9.06% | 6.54% | 5.10% | 12.70% | 6.20% | 7.15% | 3.98% | 5.22% |
PBFDX Payson Total Return Fund | 1.70% | 1.95% | 10.67% | 4.68% | 2.34% | 13.07% | 7.59% | 0.61% | 0.67% | 4.98% | 1.15% | 4.81% |
Frequently Asked Questions
PBFDX and FSCSX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCSX has higher volatility (7.60%) compared to PBFDX (3.89%). In terms of maximum drawdown, PBFDX dropped -54.99% vs FSCSX's -64.66%.
PBFDX currently has the higher Sharpe Ratio (1.51 vs -0.36), 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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