SFPAX vs. FSVLX
SFPAX (Saratoga Financial Service Fund) and FSVLX (Fidelity Select Fintech Portfolio) are both Financials Equities funds. Over the past 10 years, SFPAX returned 9.07%/yr vs 6.71%/yr for FSVLX. Their correlation of 0.84 suggests significant overlap in exposure. SFPAX charges 3.81%/yr vs 0.81%/yr for FSVLX.
Performance
SFPAX vs. FSVLX - Performance Comparison
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Returns By Period
Over the past 10 years, SFPAX has outperformed FSVLX with an annualized return of 9.07%, while FSVLX has yielded a comparatively lower 6.71% annualized return.
SFPAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 4.16%
- 3Y*
- 15.05%
- 5Y*
- 6.91%
- 10Y*
- 9.07%
FSVLX
- 1D
- -0.91%
- 1M
- 1.80%
- YTD
- -21.26%
- 6M
- -22.65%
- 1Y
- -21.90%
- 3Y*
- 2.14%
- 5Y*
- -4.38%
- 10Y*
- 6.71%
SFPAX vs. FSVLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSVLX Fidelity Select Fintech Portfolio | -21.26% | 0.26% | 22.04% | 24.55% | -29.75% | 22.31% | 2.25% | 34.18% | -10.51% | 23.13% |
Correlation
The correlation between SFPAX and FSVLX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
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 SFPAX and FSVLX has dropped to 0.45 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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Return for Risk
SFPAX vs. FSVLX — Risk / Return Rank
SFPAX
FSVLX
SFPAX vs. FSVLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Financial Service Fund (SFPAX) and Fidelity Select Fintech Portfolio (FSVLX). 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.
| SFPAX | FSVLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.86 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | -0.68 | +2.01 |
| Martin ratioReturn relative to average drawdown | 2.72 | -1.34 | +4.06 |
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Drawdowns
SFPAX vs. FSVLX - Drawdown Comparison
The maximum SFPAX drawdown since its inception was -71.98%, smaller than the maximum FSVLX drawdown of -83.84%. Use the drawdown chart below to compare losses from any high point for SFPAX and FSVLX.
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Drawdown Indicators
| SFPAX | FSVLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.98% | -83.84% | +11.86% |
Max Drawdown (1Y)Largest decline over 1 year | -4.86% | -30.77% | +25.91% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -31.70% | +13.78% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -42.62% | +15.11% |
Max Drawdown (10Y)Largest decline over 10 years | -45.64% | -51.70% | +6.06% |
Current DrawdownCurrent decline from peak | -2.65% | -26.96% | +24.31% |
Average DrawdownAverage peak-to-trough decline | -20.93% | -25.64% | +4.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 15.65% | -13.31% |
Volatility
SFPAX vs. FSVLX - Volatility Comparison
The current volatility for Saratoga Financial Service Fund (SFPAX) is 0.00%, while Fidelity Select Fintech Portfolio (FSVLX) has a volatility of 7.48%. This indicates that SFPAX experiences smaller price fluctuations and is considered to be less risky than FSVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SFPAX | FSVLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 7.48% | -7.48% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 18.70% | -15.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.55% | 22.51% | -12.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 24.80% | -6.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.62% | 25.85% | -3.23% |
SFPAX vs. FSVLX - Expense Ratio Comparison
SFPAX has a 3.81% expense ratio, which is higher than FSVLX's 0.81% expense ratio.
Dividends
SFPAX vs. FSVLX - Dividend Comparison
Neither SFPAX nor FSVLX 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
SFPAX and FSVLX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSVLX has higher volatility (7.48%) compared to SFPAX (0.00%). In terms of maximum drawdown, SFPAX dropped -71.98% vs FSVLX's -83.84%.
SFPAX currently has the higher Sharpe Ratio (0.68 vs -0.93), 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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