XTN vs. FSRFX

Last updated Jun 4, 2026

XTN (SPDR S&P Transportation ETF) and FSRFX (Fidelity Select Transportation Portfolio) are both Transportation Equities funds. XTN is passively managed, while FSRFX is actively managed. Over the past 10 years, XTN returned 10.58%/yr vs 12.81%/yr for FSRFX. Their correlation of 0.91 suggests significant overlap in exposure. XTN charges 0.35%/yr vs 0.69%/yr for FSRFX.

Performance

XTN vs. FSRFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Transportation ETF (XTN) and Fidelity Select Transportation Portfolio (FSRFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XTN achieves a 21.64% return, which is significantly higher than FSRFX's 15.99% return. Over the past 10 years, XTN has underperformed FSRFX with an annualized return of 10.58%, while FSRFX has yielded a comparatively higher 12.81% annualized return.

XTN

• 1D: -0.75%
• 1M: 12.22%
• YTD: 21.64%
• 6M: 22.93%
• 1Y: 44.53%
• 3Y*: 14.95%
• 5Y*: 5.36%
• 10Y*: 10.58%

FSRFX

• 1D: -0.97%
• 1M: 9.58%
• YTD: 15.99%
• 6M: 15.64%
• 1Y: 31.92%
• 3Y*: 15.94%
• 5Y*: 9.57%
• 10Y*: 12.81%

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

XTN vs. FSRFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XTN SPDR S&P Transportation ETF	21.64%	6.33%	4.86%	25.22%	-28.10%	33.68%	12.11%	21.85%	-17.26%	21.55%
FSRFX Fidelity Select Transportation Portfolio	15.99%	11.45%	6.33%	19.29%	-10.21%	27.79%	12.83%	18.43%	-11.02%	22.00%

Correlation

The correlation between XTN and FSRFX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 28, 2011	0.91

The correlation between XTN and FSRFX has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

XTN vs. FSRFX — Risk / Return Rank

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

XTN

XTN Risk / Return Rank: 45
XTN Sharpe Ratio Rank: 45
XTN Sortino Ratio Rank: 44
XTN Omega Ratio Rank: 42
XTN Calmar Ratio Rank: 53
XTN Martin Ratio Rank: 43

FSRFX

FSRFX Risk / Return Rank: 37
FSRFX Sharpe Ratio Rank: 31
FSRFX Sortino Ratio Rank: 30
FSRFX Omega Ratio Rank: 29
FSRFX Calmar Ratio Rank: 53
FSRFX Martin Ratio Rank: 42

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.

XTN vs. FSRFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Transportation ETF (XTN) and Fidelity Select Transportation Portfolio (FSRFX). 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.

	XTN	FSRFX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.60	0.00
Sortino ratio: Return per unit of downside risk	2.22	2.28	-0.06
Omega ratio: Gain probability vs. loss probability	1.27	1.28	-0.01
Calmar ratio: Return relative to maximum drawdown	2.59	2.80	-0.21
Martin ratio: Return relative to average drawdown	7.14	8.91	-1.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XTN vs. FSRFX - Sharpe Ratio Comparison

The current XTN Sharpe Ratio is 1.60, which is comparable to the FSRFX Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of XTN and FSRFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XTN	FSRFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	1.60	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.46	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.59	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.59	-0.15

Drawdowns

XTN vs. FSRFX - Drawdown Comparison

The maximum XTN drawdown since its inception was -43.77%, smaller than the maximum FSRFX drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for XTN and FSRFX.

Drawdown Indicators

	XTN	FSRFX	Difference
Max Drawdown Largest peak-to-trough decline	-43.77%	-60.34%	+16.57%
Max Drawdown (1Y) Largest decline over 1 year	-17.28%	-11.69%	-5.59%
Max Drawdown (3Y) Largest decline over 3 years	-33.69%	-25.23%	-8.46%
Max Drawdown (5Y) Largest decline over 5 years	-35.05%	-25.23%	-9.82%
Max Drawdown (10Y) Largest decline over 10 years	-43.77%	-41.11%	-2.66%
Current Drawdown Current decline from peak	-5.70%	-0.97%	-4.73%
Average Drawdown Average peak-to-trough decline	-10.94%	-8.54%	-2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.25%	3.67%	+2.58%

Volatility

XTN vs. FSRFX - Volatility Comparison

SPDR S&P Transportation ETF (XTN) and Fidelity Select Transportation Portfolio (FSRFX) have volatilities of 7.36% and 7.72%, 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

	XTN	FSRFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.36%	7.72%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	22.05%	15.68%	+6.37%
Volatility (1Y) Calculated over the trailing 1-year period	28.03%	20.55%	+7.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.83%	20.79%	+6.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.19%	21.91%	+4.28%

XTN vs. FSRFX - Expense Ratio Comparison

XTN has a 0.35% expense ratio, which is lower than FSRFX's 0.69% expense ratio.

Dividends

XTN vs. FSRFX - Dividend Comparison

XTN's dividend yield for the trailing twelve months is around 0.66%, less than FSRFX's 8.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSRFX Fidelity Select Transportation Portfolio	8.02%	4.18%	7.02%	2.68%	8.82%	12.00%	7.97%	3.98%	11.42%	5.16%	1.97%	7.51%
XTN SPDR S&P Transportation ETF	0.66%	0.78%	0.93%	0.73%	1.04%	1.02%	0.75%	1.17%	0.98%	0.63%	0.66%	1.03%

Frequently Asked Questions

Can I hold both XTN and FSRFX in my portfolio?

XTN and FSRFX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XTN or FSRFX?

FSRFX has higher volatility (7.72%) compared to XTN (7.36%). In terms of maximum drawdown, XTN dropped -43.77% vs FSRFX's -60.34%.

Which has better risk-adjusted returns?

XTN currently has the higher Sharpe Ratio (1.60 vs 1.60), 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.