XITK vs. FSCSX

Last updated Jun 23, 2026

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 13.63%/yr vs 15.92%/yr for FSCSX. Their correlation of 0.80 suggests significant overlap in exposure. XITK charges 0.45%/yr vs 0.67%/yr for FSCSX.

Performance

XITK vs. FSCSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR FactSet Innovative Technology ETF (XITK) 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, XITK achieves a 8.03% return, which is significantly higher than FSCSX's -17.45% return. Over the past 10 years, XITK has underperformed FSCSX with an annualized return of 13.63%, while FSCSX has yielded a comparatively higher 15.92% annualized return.

XITK

• 1D: -0.20%
• 1M: -1.99%
• YTD: 8.03%
• 6M: 5.41%
• 1Y: 7.89%
• 3Y*: 15.35%
• 5Y*: -3.04%
• 10Y*: 13.63%

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)

XITK vs. FSCSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XITK SPDR FactSet Innovative Technology ETF	8.03%	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	-17.45%	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 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jan 14, 2016	0.80

The correlation between XITK and FSCSX has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.

Return for Risk

XITK vs. FSCSX — Risk / Return Rank

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

XITK

XITK Risk / Return Rank: 12
XITK Sharpe Ratio Rank: 12
XITK Sortino Ratio Rank: 12
XITK Omega Ratio Rank: 12
XITK Calmar Ratio Rank: 12
XITK Martin Ratio Rank: 12

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.

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 ratio: Return per unit of total volatility	0.29	-0.51	+0.80
Sortino ratio: Return per unit of downside risk	0.58	-0.56	+1.14
Omega ratio: Gain probability vs. loss probability	1.07	0.93	+0.14
Calmar ratio: Return relative to maximum drawdown	0.28	-0.43	+0.71
Martin ratio: Return relative to average drawdown	0.65	-0.94	+1.59

XITK vs. FSCSX - Sharpe Ratio Comparison

The current XITK Sharpe Ratio is 0.29, which is higher than the FSCSX Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of XITK 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

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.

Drawdown Indicators

	XITK	FSCSX	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-26.34%	-22.17%	-4.17%
Average Drawdown Average peak-to-trough decline	-22.09%	-13.23%	-8.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.09%	15.66%	-3.57%

Volatility

XITK vs. FSCSX - Volatility Comparison

SPDR FactSet Innovative Technology ETF (XITK) and Fidelity Select Software & IT Services Portfolio (FSCSX) have volatilities of 12.38% and 12.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XITK	FSCSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.38%	12.88%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	23.61%	25.64%	-2.03%
Volatility (1Y) Calculated over the trailing 1-year period	27.84%	28.65%	-0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.84%	26.57%	+6.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.70%	24.68%	+5.02%

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 24.33%.

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%
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

Can I hold both XITK and FSCSX in my portfolio?

XITK and FSCSX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XITK or FSCSX?

FSCSX has higher volatility (12.88%) compared to XITK (12.38%). In terms of maximum drawdown, XITK dropped -65.56% vs FSCSX's -64.66%.

Which has better risk-adjusted returns?

XITK currently has the higher Sharpe Ratio (0.28 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.