XLK vs. FSPCX
XLK (State Street Technology Select Sector SPDR ETF) and FSPCX (Fidelity Select Insurance Portfolio) are both funds - XLK is a Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index, while FSPCX is a Financials Equities fund managed by Fidelity. Over the past 10 years, XLK returned 25.19%/yr vs 12.26%/yr for FSPCX. A 0.52 correlation means they provide meaningful diversification when combined. XLK charges 0.08%/yr vs 0.78%/yr for FSPCX.
Performance
XLK vs. FSPCX - Performance Comparison
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Returns By Period
In the year-to-date period, XLK achieves a 28.52% return, which is significantly higher than FSPCX's -0.79% return. Over the past 10 years, XLK has outperformed FSPCX with an annualized return of 25.19%, while FSPCX has yielded a comparatively lower 12.26% annualized return.
XLK
- 1D
- 0.87%
- 1M
- 4.85%
- YTD
- 28.52%
- 6M
- 28.96%
- 1Y
- 55.42%
- 3Y*
- 30.28%
- 5Y*
- 22.02%
- 10Y*
- 25.19%
FSPCX
- 1D
- 0.03%
- 1M
- 2.47%
- YTD
- -0.79%
- 6M
- -0.60%
- 1Y
- -0.58%
- 3Y*
- 14.50%
- 5Y*
- 11.71%
- 10Y*
- 12.26%
XLK vs. FSPCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLK State Street Technology Select Sector SPDR ETF | 28.52% | 24.61% | 21.63% | 56.02% | -27.73% | 34.74% | 43.62% | 49.86% | -1.68% | 34.26% |
FSPCX Fidelity Select Insurance Portfolio | -0.79% | 3.45% | 28.44% | 12.98% | 7.75% | 29.26% | 0.00% | 30.06% | -11.99% | 15.50% |
Correlation
The correlation between XLK and FSPCX is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998 | 0.52 |
The correlation between XLK and FSPCX shifts across timeframes, from -0.14 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XLK vs. FSPCX — Risk / Return Rank
XLK
FSPCX
XLK vs. FSPCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR ETF (XLK) and Fidelity Select Insurance Portfolio (FSPCX). 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.
| XLK | FSPCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.38 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.01 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | -0.01 | +3.37 |
| Martin ratioReturn relative to average drawdown | 10.85 | -0.03 | +10.88 |
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Drawdowns
XLK vs. FSPCX - Drawdown Comparison
The maximum XLK drawdown since its inception was -82.05%, which is greater than FSPCX's maximum drawdown of -69.48%. Use the drawdown chart below to compare losses from any high point for XLK and FSPCX.
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Drawdown Indicators
| XLK | FSPCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.05% | -69.48% | -12.57% |
Max Drawdown (1Y)Largest decline over 1 year | -15.92% | -9.98% | -5.94% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | -11.69% | -13.97% |
Max Drawdown (5Y)Largest decline over 5 years | -33.56% | -16.65% | -16.91% |
Max Drawdown (10Y)Largest decline over 10 years | -33.56% | -43.68% | +10.12% |
Current DrawdownCurrent decline from peak | -6.77% | -5.50% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -34.93% | -9.70% | -25.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | 4.98% | -0.06% |
Volatility
XLK vs. FSPCX - Volatility Comparison
State Street Technology Select Sector SPDR ETF (XLK) has a higher volatility of 10.86% compared to Fidelity Select Insurance Portfolio (FSPCX) at 5.74%. This indicates that XLK's price experiences larger fluctuations and is considered to be riskier than FSPCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLK | FSPCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.86% | 5.74% | +5.12% |
Volatility (6M)Calculated over the trailing 6-month period | 18.92% | 11.31% | +7.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.55% | 15.53% | +7.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.18% | 17.59% | +7.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.64% | 20.12% | +4.52% |
XLK vs. FSPCX - Expense Ratio Comparison
XLK has a 0.08% expense ratio, which is lower than FSPCX's 0.78% expense ratio.
Dividends
XLK vs. FSPCX - Dividend Comparison
XLK's dividend yield for the trailing twelve months is around 0.41%, less than FSPCX's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPCX Fidelity Select Insurance Portfolio | 4.74% | 3.35% | 8.72% | 8.48% | 0.74% | 8.40% | 8.80% | 6.90% | 32.69% | 12.52% | 2.81% | 3.11% |
XLK State Street Technology Select Sector SPDR ETF | 0.41% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Frequently Asked Questions
XLK and FSPCX have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLK has higher volatility (10.86%) compared to FSPCX (5.74%). In terms of maximum drawdown, XLK dropped -82.05% vs FSPCX's -69.48%.
XLK currently has the higher Sharpe Ratio (2.37 vs -0.01), 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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