VONG vs. FSCSX

Last updated Jun 24, 2026

VONG (Vanguard Russell 1000 Growth ETF) and FSCSX (Fidelity Select Software & IT Services Portfolio) are both funds - VONG is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index, while FSCSX is a Technology Equities fund actively managed by Fidelity. VONG is passively managed, while FSCSX is actively managed. Over the past 10 years, VONG returned 18.39%/yr vs 15.92%/yr for FSCSX. Their correlation of 0.88 suggests significant overlap in exposure. VONG charges 0.06%/yr vs 0.67%/yr for FSCSX.

Performance

VONG vs. FSCSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 1000 Growth ETF (VONG) and Fidelity Select Software & IT Services Portfolio (FSCSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VONG achieves a 1.56% return, which is significantly higher than FSCSX's -17.45% return. Over the past 10 years, VONG has outperformed FSCSX with an annualized return of 18.39%, while FSCSX has yielded a comparatively lower 15.92% annualized return.

VONG

• 1D: -1.57%
• 1M: -3.99%
• YTD: 1.56%
• 6M: 0.27%
• 1Y: 18.03%
• 3Y*: 21.88%
• 5Y*: 13.07%
• 10Y*: 18.39%

FSCSX

• 1D: -2.26%
• 1M: -5.70%
• YTD: -17.45%
• 6M: -18.73%
• 1Y: -15.79%
• 3Y*: 8.01%
• 5Y*: 3.72%
• 10Y*: 15.92%

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

VONG vs. FSCSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VONG Vanguard Russell 1000 Growth ETF	1.56%	18.45%	33.20%	42.67%	-29.18%	27.60%	38.30%	36.06%	-1.53%	30.05%
FSCSX Fidelity Select Software & IT Services Portfolio	-17.45%	6.96%	19.66%	51.72%	-29.13%	18.13%	45.55%	38.99%	4.08%	38.60%

Correlation

The correlation between VONG and FSCSX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010	0.88

Over the past year, the correlation between VONG and FSCSX has dropped to 0.63 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.

Return for Risk

VONG vs. FSCSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VONG

VONG Risk / Return Rank: 29
VONG Sharpe Ratio Rank: 32
VONG Sortino Ratio Rank: 30
VONG Omega Ratio Rank: 30
VONG Calmar Ratio Rank: 24
VONG Martin Ratio Rank: 27

FSCSX

FSCSX Risk / Return Rank: 1
FSCSX Sharpe Ratio Rank: 1
FSCSX Sortino Ratio Rank: 1
FSCSX Omega Ratio Rank: 1
FSCSX Calmar Ratio Rank: 1
FSCSX Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VONG vs. FSCSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Growth ETF (VONG) 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.

	VONG	FSCSX	Difference
Sharpe ratio: Return per unit of total volatility	1.12	-0.51	+1.64
Sortino ratio: Return per unit of downside risk	1.58	-0.56	+2.14
Omega ratio: Gain probability vs. loss probability	1.20	0.93	+0.27
Calmar ratio: Return relative to maximum drawdown	1.12	-0.43	+1.54
Martin ratio: Return relative to average drawdown	3.64	-0.94	+4.57

VONG vs. FSCSX - Sharpe Ratio Comparison

The current VONG Sharpe Ratio is 1.12, which is higher than the FSCSX Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of VONG and FSCSX, 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

VONG vs. FSCSX - Drawdown Comparison

The maximum VONG drawdown since its inception was -32.72%, smaller than the maximum FSCSX drawdown of -64.66%. Use the drawdown chart below to compare losses from any high point for VONG and FSCSX.

Drawdown Indicators

	VONG	FSCSX	Difference
Max Drawdown Largest peak-to-trough decline	-32.72%	-64.66%	+31.94%
Max Drawdown (1Y) Largest decline over 1 year	-16.23%	-34.24%	+18.01%
Max Drawdown (3Y) Largest decline over 3 years	-23.27%	-34.24%	+10.97%
Max Drawdown (5Y) Largest decline over 5 years	-32.72%	-37.06%	+4.34%
Max Drawdown (10Y) Largest decline over 10 years	-32.72%	-37.06%	+4.34%
Current Drawdown Current decline from peak	-6.82%	-22.17%	+15.35%
Average Drawdown Average peak-to-trough decline	-4.88%	-13.23%	+8.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.97%	15.66%	-10.69%

Volatility

VONG vs. FSCSX - Volatility Comparison

The current volatility for Vanguard Russell 1000 Growth ETF (VONG) is 6.04%, while Fidelity Select Software & IT Services Portfolio (FSCSX) has a volatility of 12.88%. This indicates that VONG 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.

Volatility by Period

	VONG	FSCSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.04%	12.88%	-6.84%
Volatility (6M) Calculated over the trailing 6-month period	12.59%	25.64%	-13.05%
Volatility (1Y) Calculated over the trailing 1-year period	16.17%	28.65%	-12.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.45%	26.57%	-5.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.92%	24.68%	-3.76%

VONG vs. FSCSX - Expense Ratio Comparison

VONG has a 0.06% expense ratio, which is lower than FSCSX's 0.67% expense ratio.

Dividends

VONG vs. FSCSX - Dividend Comparison

VONG's dividend yield for the trailing twelve months is around 0.47%, less than FSCSX's 24.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSCSX Fidelity Select Software & IT Services Portfolio	24.33%	15.40%	19.17%	7.72%	9.06%	6.54%	5.10%	12.70%	6.20%	7.15%	3.98%	5.22%
VONG Vanguard Russell 1000 Growth ETF	0.47%	0.45%	0.55%	0.71%	0.98%	0.58%	0.77%	1.03%	1.18%	1.19%	1.48%	1.47%

Frequently Asked Questions

Can I hold both VONG and FSCSX in my portfolio?

VONG and FSCSX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VONG or FSCSX?

FSCSX has higher volatility (12.88%) compared to VONG (6.04%). In terms of maximum drawdown, VONG dropped -32.72% vs FSCSX's -64.66%.

Which has better risk-adjusted returns?

VONG currently has the higher Sharpe Ratio (1.12 vs -0.51), 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.