RSPC vs. FBMPX

Last updated Aug 2, 2026

RSPC (Invesco S&P 500 Equal Weight Communication Services ETF) and FBMPX (Fidelity Select Communication Services Portfolio) are both Communications Equities funds. RSPC is passively managed, while FBMPX is actively managed. Over the past 5 years, RSPC returned -0.41%/yr vs 11.71%/yr for FBMPX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. RSPC charges 0.40%/yr vs 0.64%/yr for FBMPX.

Performance

RSPC vs. FBMPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) and Fidelity Select Communication Services Portfolio (FBMPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPC achieves a -10.27% return, which is significantly lower than FBMPX's 2.86% return.

RSPC

• 1D: 0.12%
• 1M: -1.81%
• 6M: -8.40%
• YTD: -10.27%
• 1Y: -2.47%
• 3Y*: 8.82%
• 5Y*: -0.41%
• 10Y*: —
• ALL TIME*: 6.11%

FBMPX

• 1D: -1.81%
• 1M: -5.72%
• 6M: -1.53%
• YTD: 2.86%
• 1Y: 17.82%
• 3Y*: 27.10%
• 5Y*: 11.71%
• 10Y*: 16.31%
• ALL TIME*: 13.34%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FBMPX Fidelity Select Communication Services Portfolio	$0.00	$0.00	$0.00
RSPC Invesco S&P 500 Equal Weight Communication Services ETF	$480.30K	$640.18K	$573.12K

RSPC vs. FBMPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
RSPC Invesco S&P 500 Equal Weight Communication Services ETF	-10.27%	18.44%	17.98%	17.92%	-29.00%	14.55%	22.14%	21.35%	-11.38%
FBMPX Fidelity Select Communication Services Portfolio	2.86%	37.07%	35.98%	56.85%	-38.30%	15.97%	35.48%	33.14%	-6.98%

Correlation

The correlation between RSPC and FBMPX is 0.54, 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.	0.54
Correlation (3Y) Balances recent behavior with more history.	0.62
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018	0.77

Over the past year, the correlation between RSPC and FBMPX has dropped to 0.54 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

RSPC vs. FBMPX - Sectors Allocation Comparison

Sectors	RSPC	FBMPX
Communication Services	85.6%	86.7%
Technology	14.3%	9.2%
Financial Services	0.0%	-
Basic Materials	-	-
Consumer Cyclical	-	3.0%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	0.7%
Industrials	-	0.5%
Real Estate	-	-
Utilities	-	-

Return for Risk

RSPC vs. FBMPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RSPC

RSPC Risk / Return Rank: 8
RSPC Sharpe Ratio Rank: 8
RSPC Sortino Ratio Rank: 7
RSPC Omega Ratio Rank: 7
RSPC Calmar Ratio Rank: 8
RSPC Martin Ratio Rank: 8

FBMPX

FBMPX Risk / Return Rank: 26
FBMPX Sharpe Ratio Rank: 27
FBMPX Sortino Ratio Rank: 27
FBMPX Omega Ratio Rank: 27
FBMPX Calmar Ratio Rank: 24
FBMPX Martin Ratio Rank: 26

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RSPC vs. FBMPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) and Fidelity Select Communication Services Portfolio (FBMPX). 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.

	RSPC	FBMPX	Difference
Sharpe ratio: Return per unit of total volatility	-0.23	0.87	-1.10
Sortino ratio: Return per unit of downside risk	-0.22	1.31	-1.53
Omega ratio: Gain probability vs. loss probability	0.97	1.16	-0.19
Calmar ratio: Return relative to maximum drawdown	-0.22	1.05	-1.27
Martin ratio: Return relative to average drawdown	-0.47	3.58	-4.05

RSPC vs. FBMPX - Sharpe Ratio Comparison

The current RSPC Sharpe Ratio is -0.23, which is lower than the FBMPX Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of RSPC and FBMPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RSPC vs. FBMPX - Drawdown Comparison

The maximum RSPC drawdown since its inception was -38.03%, smaller than the maximum FBMPX drawdown of -61.77%. Use the drawdown chart below to compare losses from any high point for RSPC and FBMPX.

Drawdown Indicators

	RSPC	FBMPX	Difference
Max Drawdown Largest peak-to-trough decline	-38.03%	-61.77%	+23.74%
Max Drawdown (1Y) Largest decline over 1 year	-15.61%	-16.90%	+1.29%
Max Drawdown (3Y) Largest decline over 3 years	-15.61%	-23.20%	+7.59%
Max Drawdown (5Y) Largest decline over 5 years	-37.73%	-47.42%	+9.69%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.42%	—
Current Drawdown Current decline from peak	-13.04%	-9.34%	-3.70%
Average Drawdown Average peak-to-trough decline	-12.69%	-10.61%	-2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.14%	4.97%	+2.17%

Volatility

RSPC vs. FBMPX - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is 5.56%, while Fidelity Select Communication Services Portfolio (FBMPX) has a volatility of 6.85%. This indicates that RSPC experiences smaller price fluctuations and is considered to be less risky than FBMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPC	FBMPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.56%	6.85%	-1.29%
Volatility (6M) Calculated over the trailing 6-month period	11.12%	16.12%	-5.00%
Volatility (1Y) Calculated over the trailing 1-year period	14.65%	20.50%	-5.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.71%	23.50%	-4.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.71%	22.09%	-1.38%

RSPC vs. FBMPX - Expense Ratio Comparison

RSPC has a 0.40% expense ratio, which is lower than FBMPX's 0.64% expense ratio.

Dividends

RSPC vs. FBMPX - Dividend Comparison

RSPC's dividend yield for the trailing twelve months is around 1.83%, less than FBMPX's 13.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBMPX Fidelity Select Communication Services Portfolio	13.02%	8.09%	7.05%	0.00%	0.00%	5.88%	3.74%	35.43%	15.29%	5.53%	7.50%	7.29%
RSPC Invesco S&P 500 Equal Weight Communication Services ETF	1.83%	1.66%	1.03%	0.98%	1.45%	1.10%	1.05%	0.90%	0.24%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSPC and FBMPX in my portfolio?

RSPC and FBMPX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPC or FBMPX?

FBMPX has higher volatility (6.85%) compared to RSPC (5.56%). In terms of maximum drawdown, RSPC dropped -38.03% vs FBMPX's -61.77%.

Which has better risk-adjusted returns?

FBMPX currently has the higher Sharpe Ratio (0.87 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.