XITK vs. FSCSX
XITK (SPDR FactSet Innovative Technology ETF) and FSCSX (Fidelity Select Software & IT Services Portfolio) are both Technology Equities funds. XITK is passively managed, while FSCSX is actively managed. Over the past 10 years, XITK returned 12.53%/yr vs 16.04%/yr for FSCSX. Their correlation of 0.80 means they have usually moved in the same direction. XITK charges 0.45%/yr vs 0.67%/yr for FSCSX.
Performance
XITK vs. FSCSX - Performance Comparison
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Returns By Period
In the year-to-date period, XITK achieves a 3.17% return, which is significantly higher than FSCSX's -7.94% return. Over the past 10 years, XITK has underperformed FSCSX with an annualized return of 12.53%, while FSCSX has yielded a comparatively higher 16.04% annualized return.
XITK
- 1D
- 2.10%
- 1M
- -2.48%
- 6M
- 11.87%
- YTD
- 3.17%
- 1Y
- 1.26%
- 3Y*
- 8.55%
- 5Y*
- -3.68%
- 10Y*
- 12.53%
- ALL TIME*
- 13.77%
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 | |
| $94.40K | $185.95K | $342.96K |
XITK vs. FSCSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XITK SPDR FactSet Innovative Technology ETF | 3.17% | 2.53% | 19.12% | 45.87% | -47.45% | -11.24% | 90.22% | 36.98% | 7.60% | 36.01% |
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 XITK and FSCSX is 0.72, 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. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2016 | 0.80 |
The correlation between XITK and FSCSX shifts across timeframes, from 0.72 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XITK vs. FSCSX — Risk / Return Rank
XITK
FSCSX
XITK vs. FSCSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FactSet Innovative Technology ETF (XITK) 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.
| XITK | FSCSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.96 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | -0.31 | +0.26 |
| Martin ratioReturn relative to average drawdown | -0.11 | -0.63 | +0.52 |
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Drawdowns
XITK vs. FSCSX - Drawdown Comparison
The maximum XITK drawdown since its inception was -65.56%, roughly equal to the maximum FSCSX drawdown of -64.66%. Use the drawdown chart below to compare losses from any high point for XITK and FSCSX.
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Drawdown Indicators
| XITK | FSCSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.56% | -64.66% | -0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -28.03% | -34.24% | +6.21% |
Max Drawdown (3Y)Largest decline over 3 years | -28.18% | -34.24% | +6.06% |
Max Drawdown (5Y)Largest decline over 5 years | -61.53% | -37.06% | -24.47% |
Max Drawdown (10Y)Largest decline over 10 years | -65.56% | -37.06% | -28.50% |
Current DrawdownCurrent decline from peak | -29.65% | -13.20% | -16.45% |
Average DrawdownAverage peak-to-trough decline | -22.17% | -13.24% | -8.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.69% | 16.66% | -3.97% |
Volatility
XITK vs. FSCSX - Volatility Comparison
SPDR FactSet Innovative Technology ETF (XITK) has a higher volatility of 9.22% compared to Fidelity Select Software & IT Services Portfolio (FSCSX) at 7.60%. This indicates that XITK's price experiences larger fluctuations and is considered to be riskier 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
| XITK | FSCSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.22% | 7.60% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 25.08% | 26.29% | -1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.28% | 29.64% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.07% | 26.84% | +6.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.72% | 24.75% | +4.97% |
XITK vs. FSCSX - Expense Ratio Comparison
XITK has a 0.45% expense ratio, which is lower than FSCSX's 0.67% expense ratio.
Dividends
XITK vs. FSCSX - Dividend Comparison
XITK has not paid dividends to shareholders, while FSCSX's dividend yield for the trailing twelve months is around 21.82%.
| 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% |
XITK SPDR FactSet Innovative Technology ETF | 0.00% | 0.00% | 0.00% | 0.08% | 0.11% | 0.00% | 0.06% | 0.14% | 1.50% | 1.74% | 1.88% | 0.00% |
Frequently Asked Questions
XITK and FSCSX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XITK has higher volatility (9.22%) compared to FSCSX (7.60%). In terms of maximum drawdown, XITK dropped -65.56% vs FSCSX's -64.66%.
XITK currently has the higher Sharpe Ratio (-0.05 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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