DODEX vs. FSENX

Last updated Apr 1, 2026

Compare and contrast key facts about Dodge & Cox Emerging Markets Stock Fund (DODEX) and Fidelity Select Energy Portfolio (FSENX).

DODEX is managed by Dodge & Cox. It was launched on May 10, 2021. FSENX is managed by Fidelity. It was launched on Jul 14, 1981.

Performance

DODEX vs. FSENX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dodge & Cox Emerging Markets Stock Fund (DODEX) and Fidelity Select Energy Portfolio (FSENX). The values are adjusted to include any dividend payments, if applicable.

DODEX vs. FSENX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DODEX Dodge & Cox Emerging Markets Stock Fund	3.84%	38.64%	7.47%	13.37%	-14.91%	-9.57%
FSENX Fidelity Select Energy Portfolio	40.53%	10.56%	4.26%	0.94%	62.98%	13.81%

Returns By Period

In the year-to-date period, DODEX achieves a 3.84% return, which is significantly lower than FSENX's 40.53% return.

DODEX

• 1D: -0.65%
• 1M: -10.12%
• YTD: 3.84%
• 6M: 8.44%
• 1Y: 36.44%
• 3Y*: 18.51%
• 5Y*: —
• 10Y*: —

FSENX

• 1D: -1.22%
• 1M: 10.46%
• YTD: 40.53%
• 6M: 42.43%
• 1Y: 47.28%
• 3Y*: 19.38%
• 5Y*: 26.59%
• 10Y*: 11.42%

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

DODEX vs. FSENX - Expense Ratio Comparison

DODEX has a 0.70% expense ratio, which is lower than FSENX's 0.77% expense ratio.

FSENX

Fidelity Select Energy Portfolio

DODEX

Dodge & Cox Emerging Markets Stock Fund

Return for Risk

DODEX vs. FSENX — Risk / Return Rank

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

DODEX

DODEX Risk / Return Rank: 93
DODEX Sharpe Ratio Rank: 95
DODEX Sortino Ratio Rank: 93
DODEX Omega Ratio Rank: 92
DODEX Calmar Ratio Rank: 92
DODEX Martin Ratio Rank: 92

FSENX

FSENX Risk / Return Rank: 88
FSENX Sharpe Ratio Rank: 92
FSENX Sortino Ratio Rank: 89
FSENX Omega Ratio Rank: 87
FSENX Calmar Ratio Rank: 89
FSENX Martin Ratio Rank: 83

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.

DODEX vs. FSENX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Emerging Markets Stock Fund (DODEX) and Fidelity Select Energy Portfolio (FSENX). 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.

	DODEX	FSENX	Difference
Sharpe ratio Return per unit of total volatility	2.28	1.98	+0.30
Sortino ratio Return per unit of downside risk	2.84	2.47	+0.37
Omega ratio Gain probability vs. loss probability	1.44	1.37	+0.07
Calmar ratio Return relative to maximum drawdown	2.79	2.37	+0.42
Martin ratio Return relative to average drawdown	11.14	8.33	+2.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DODEX vs. FSENX - Sharpe Ratio Comparison

The current DODEX Sharpe Ratio is 2.28, which is comparable to the FSENX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of DODEX and FSENX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DODEX	FSENX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	1.98	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.98	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.33	+0.06

Correlation

The correlation between DODEX and FSENX is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DODEX vs. FSENX - Dividend Comparison

DODEX's dividend yield for the trailing twelve months is around 2.72%, more than FSENX's 1.38% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DODEX Dodge & Cox Emerging Markets Stock Fund	2.72%	2.83%	1.94%	1.92%	1.93%	1.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FSENX Fidelity Select Energy Portfolio	1.38%	1.95%	1.95%	1.98%	2.50%	2.25%	3.43%	1.84%	1.48%	1.74%	0.62%	1.29%

Drawdowns

DODEX vs. FSENX - Drawdown Comparison

The maximum DODEX drawdown since its inception was -37.01%, smaller than the maximum FSENX drawdown of -76.24%. Use the drawdown chart below to compare losses from any high point for DODEX and FSENX.

Drawdown Indicators

	DODEX	FSENX	Difference
Max Drawdown Largest peak-to-trough decline	-37.01%	-76.24%	+39.23%
Max Drawdown (1Y) Largest decline over 1 year	-11.87%	-19.96%	+8.09%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.02%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-72.11%	—
Current Drawdown Current decline from peak	-10.97%	-1.22%	-9.75%
Average Drawdown Average peak-to-trough decline	-13.20%	-17.06%	+3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	5.69%	-2.72%

Volatility

DODEX vs. FSENX - Volatility Comparison

Dodge & Cox Emerging Markets Stock Fund (DODEX) has a higher volatility of 7.14% compared to Fidelity Select Energy Portfolio (FSENX) at 5.09%. This indicates that DODEX's price experiences larger fluctuations and is considered to be riskier than FSENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DODEX	FSENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.14%	5.09%	+2.05%
Volatility (6M) Calculated over the trailing 6-month period	10.99%	13.62%	-2.63%
Volatility (1Y) Calculated over the trailing 1-year period	15.57%	24.68%	-9.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.72%	27.41%	-10.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.72%	30.99%	-14.27%