On the lookout for a Sector - Other fund? Starting with Fidelity Select Consumer Discretion (FSCPX Quick QuoteFSCPX - Free Report) should not be a possibility at this time. FSCPX bears a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance.

History of Fund/Manager

Fidelity is based in Boston, MA, and is the manager of FSCPX. Fidelity Select Consumer Discretion made its debut in June of 1990, and since then, FSCPX has accumulated about $548.80 million in assets, per the most up-to-date date available. Jordan Michaels is the fund's current manager and has held that role since July of 2022.

Performance

Of course, investors look for strong performance in funds. FSCPX has a 5-year annualized total return of 13.93% and is in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 7.67%, which places it in the top third during this time-frame.

It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.

When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, FSCPX's standard deviation comes in at 25.61%, compared to the category average of 23.03%. Over the past 5 years, the standard deviation of the fund is 25.17% compared to the category average of 24.92%. This makes the fund more volatile than its peers over the past half-decade.

Risk Factors

Investors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. FSCPX has a 5-year beta of 1.28, which means it is likely to be more volatile than the market average. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. With a negative alpha of -4.99, managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.

Expenses

As competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, FSCPX is a no load fund. It has an expense ratio of 0.70% compared to the category average of 1.01%. Looking at the fund from a cost perspective, FSCPX is actually cheaper than its peers.

Investors need to be aware that with this product, the minimum initial investment is $0; each subsequent investment has no minimum amount.

Fees charged by investment advisors have not been taken into considiration. Returns would be less if those were included.

Bottom Line

Overall, Fidelity Select Consumer Discretion ( FSCPX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and lower fees, Fidelity Select Consumer Discretion ( FSCPX ) looks like a somewhat weak choice for investors right now.

For additional information on this product, or to compare it to other mutual funds in the Sector - Other, make sure to go to www.zacks.com/funds/mutual-funds for additional information. If you want to check out our stock reports as well, make sure to go to Zacks.com to see all of the great tools we have to offer, including our time-tested Zacks Rank.