BTC-USD vs. FSELX
BTC-USD (Bitcoin) is a cryptocurrency, while FSELX (Fidelity Select Semiconductors Portfolio) is Semiconductors fund managed by Fidelity. Over the past 10 years, BTC-USD returned 59.68%/yr vs 37.56%/yr for FSELX. At a 0.13 correlation, their price movements are largely independent.
Performance
BTC-USD vs. FSELX - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -28.54% return, which is significantly lower than FSELX's 66.12% return. Over the past 10 years, BTC-USD has outperformed FSELX with an annualized return of 59.68%, while FSELX has yielded a comparatively lower 37.56% annualized return.
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
FSELX
- 1D
- -9.27%
- 1M
- 5.76%
- YTD
- 66.12%
- 6M
- 60.36%
- 1Y
- 135.04%
- 3Y*
- 63.14%
- 5Y*
- 43.03%
- 10Y*
- 37.56%
BTC-USD vs. FSELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
FSELX Fidelity Select Semiconductors Portfolio | 66.12% | 52.17% | 49.68% | 78.49% | -35.27% | 59.16% | 44.33% | 64.50% | -12.01% | 34.51% |
Correlation
The correlation between BTC-USD and FSELX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2012 | 0.13 |
Over the past year, BTC-USD and FSELX have become more correlated (0.35) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
BTC-USD vs. FSELX — Risk / Return Rank
BTC-USD
FSELX
BTC-USD vs. FSELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Fidelity Select Semiconductors Portfolio (FSELX). 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.
| BTC-USD | FSELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.96 | ||
| Sortino ratioReturn per unit of downside risk | -5.44 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.57 | -0.71 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 9.48 | -10.28 |
| Martin ratioReturn relative to average drawdown | -1.42 | 35.79 | -37.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTC-USD | FSELX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 4.00 | -4.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 1.10 | -0.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 1.07 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.54 | +0.59 |
Drawdowns
BTC-USD vs. FSELX - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, roughly equal to the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for BTC-USD and FSELX.
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Drawdown Indicators
| BTC-USD | FSELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -82.54% | -2.76% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -14.38% | -36.83% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -36.31% | -14.90% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -46.37% | -30.30% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -46.37% | -37.43% |
Current DrawdownCurrent decline from peak | -49.86% | -10.89% | -38.97% |
Average DrawdownAverage peak-to-trough decline | -42.32% | -28.69% | -13.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.46% | 3.80% | +30.66% |
Volatility
BTC-USD vs. FSELX - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 11.59%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 15.95%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than FSELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTC-USD | FSELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.59% | 15.95% | -4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 27.45% | +7.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.67% | 34.06% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.95% | 39.17% | +5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.71% | 35.18% | +21.53% |
Frequently Asked Questions
BTC-USD and FSELX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSELX has higher volatility (15.95%) compared to BTC-USD (11.59%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs FSELX's -82.54%.
FSELX currently has the higher Sharpe Ratio (4.00 vs -0.95), 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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