TSNIX vs. FDCPX

Last updated Aug 1, 2026

TSNIX (T. Rowe Price Science & Technology Fund I Class) and FDCPX (Fidelity Select Tech Hardware Portfolio) are both Technology Equities funds. Both are actively managed. Over the past 10 years, TSNIX returned 20.79%/yr vs 25.77%/yr for FDCPX. Their correlation of 0.83 means they have usually moved in the same direction. Both charge a 0.67% expense ratio.

Performance

TSNIX vs. FDCPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Science & Technology Fund I Class (TSNIX) and Fidelity Select Tech Hardware Portfolio (FDCPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSNIX achieves a 19.63% return, which is significantly lower than FDCPX's 61.12% return. Over the past 10 years, TSNIX has underperformed FDCPX with an annualized return of 20.79%, while FDCPX has yielded a comparatively higher 25.77% annualized return.

TSNIX

• 1D: 3.32%
• 1M: -3.84%
• 6M: 10.68%
• YTD: 19.63%
• 1Y: 38.36%
• 3Y*: 29.28%
• 5Y*: 14.85%
• 10Y*: 20.79%
• ALL TIME*: 21.62%

FDCPX

• 1D: 7.01%
• 1M: -4.75%
• 6M: 47.88%
• YTD: 61.12%
• 1Y: 99.29%
• 3Y*: 49.15%
• 5Y*: 26.56%
• 10Y*: 25.77%
• ALL TIME*: 14.76%

*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)
FDCPX Fidelity Select Tech Hardware Portfolio	$0.00	$0.00	$0.00
TSNIX T. Rowe Price Science & Technology Fund I Class	$0.00	$0.00	$0.00

TSNIX vs. FDCPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TSNIX T. Rowe Price Science & Technology Fund I Class	19.63%	24.45%	40.65%	53.94%	-35.29%	5.72%	46.10%	55.54%	-7.41%	39.56%
FDCPX Fidelity Select Tech Hardware Portfolio	61.12%	54.44%	22.40%	33.52%	-28.63%	23.68%	46.07%	40.15%	-6.30%	32.64%

Correlation

The correlation between TSNIX and FDCPX is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (10Y) Provides a long-term view across more market conditions.	0.83
Correlation (All Time) Calculated using the full available price history since Mar 24, 2016	0.83

The correlation between TSNIX and FDCPX has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.

Return for Risk

TSNIX vs. FDCPX — Risk / Return Rank

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

TSNIX

TSNIX Risk / Return Rank: 40
TSNIX Sharpe Ratio Rank: 39
TSNIX Sortino Ratio Rank: 35
TSNIX Omega Ratio Rank: 39
TSNIX Calmar Ratio Rank: 50
TSNIX Martin Ratio Rank: 37

FDCPX

FDCPX Risk / Return Rank: 94
FDCPX Sharpe Ratio Rank: 98
FDCPX Sortino Ratio Rank: 90
FDCPX Omega Ratio Rank: 89
FDCPX Calmar Ratio Rank: 96
FDCPX Martin Ratio Rank: 97

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.

TSNIX vs. FDCPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Science & Technology Fund I Class (TSNIX) and Fidelity Select Tech Hardware Portfolio (FDCPX). 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.

	TSNIX	FDCPX	Difference
Sharpe ratio: Return per unit of total volatility	1.18	3.00	-1.82
Sortino ratio: Return per unit of downside risk	1.62	3.35	-1.73
Omega ratio: Gain probability vs. loss probability	1.22	1.46	-0.24
Calmar ratio: Return relative to maximum drawdown	1.87	4.32	-2.45
Martin ratio: Return relative to average drawdown	5.50	18.87	-13.37

TSNIX vs. FDCPX - Sharpe Ratio Comparison

The current TSNIX Sharpe Ratio is 1.18, which is lower than the FDCPX Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of TSNIX and FDCPX, 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

TSNIX vs. FDCPX - Drawdown Comparison

The maximum TSNIX drawdown since its inception was -46.22%, smaller than the maximum FDCPX drawdown of -81.96%. Use the drawdown chart below to compare losses from any high point for TSNIX and FDCPX.

Drawdown Indicators

	TSNIX	FDCPX	Difference
Max Drawdown Largest peak-to-trough decline	-46.22%	-81.96%	+35.74%
Max Drawdown (1Y) Largest decline over 1 year	-20.15%	-22.18%	+2.03%
Max Drawdown (3Y) Largest decline over 3 years	-31.04%	-23.59%	-7.45%
Max Drawdown (5Y) Largest decline over 5 years	-46.22%	-35.29%	-10.93%
Max Drawdown (10Y) Largest decline over 10 years	-46.22%	-35.29%	-10.93%
Current Drawdown Current decline from peak	-17.50%	-16.72%	-0.78%
Average Drawdown Average peak-to-trough decline	-8.73%	-26.06%	+17.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.74%	5.07%	+1.67%

Volatility

TSNIX vs. FDCPX - Volatility Comparison

The current volatility for T. Rowe Price Science & Technology Fund I Class (TSNIX) is 11.29%, while Fidelity Select Tech Hardware Portfolio (FDCPX) has a volatility of 15.24%. This indicates that TSNIX experiences smaller price fluctuations and is considered to be less risky than FDCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSNIX	FDCPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.29%	15.24%	-3.95%
Volatility (6M) Calculated over the trailing 6-month period	28.30%	28.79%	-0.49%
Volatility (1Y) Calculated over the trailing 1-year period	31.91%	31.90%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.37%	24.39%	+4.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.65%	22.81%	+2.84%

TSNIX vs. FDCPX - Expense Ratio Comparison

Both TSNIX and FDCPX have an expense ratio of 0.67%.

Dividends

TSNIX vs. FDCPX - Dividend Comparison

TSNIX's dividend yield for the trailing twelve months is around 9.75%, more than FDCPX's 6.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDCPX Fidelity Select Tech Hardware Portfolio	6.64%	14.38%	7.58%	0.51%	17.72%	16.95%	8.81%	12.15%	23.69%	10.50%	6.57%	4.53%
TSNIX T. Rowe Price Science & Technology Fund I Class	9.75%	11.66%	9.62%	0.00%	7.82%	33.71%	14.00%	11.91%	36.28%	13.35%	3.82%	0.00%

Frequently Asked Questions

Can I hold both TSNIX and FDCPX in my portfolio?

TSNIX and FDCPX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSNIX or FDCPX?

FDCPX has higher volatility (15.24%) compared to TSNIX (11.29%). In terms of maximum drawdown, TSNIX dropped -46.22% vs FDCPX's -81.96%.

Which has better risk-adjusted returns?

FDCPX currently has the higher Sharpe Ratio (3.00 vs 1.18), 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.