1. Fidelity Select Transport Fund (FSAIX) is listed on the S&P 500 stock index. Below are 10 years of returns on the FSAIX and the S&P 500index fund. Calculate the average return and standard deviation for both of these investments, and then calculate the correlation coefficient between them. Do you think this was particular good decade for FSAIX and for S&P 500? Why or why not? What other lessons emerge from your calculations?

Year Return on FSAIX (%) Return on S&P 500(%)

2010 33.4 15.1

2011 -6.1 2.1

2012 19.2 16.0

2013 50.7 32.4

2014 28.1 13.7

2015 -8.6 1.4

2016 20.0 12.0

2017 24.3 21.8

2018 -12.5 -4.4

2019 21.0 31.5