FBSOX vs. FSELX
FBSOX (Fidelity Select IT Services Portfolio) and FSELX (Fidelity Select Semiconductors Portfolio) are both mutual funds - FBSOX is a Technology Equities fund managed by Fidelity, while FSELX is a Semiconductors fund managed by Fidelity. Over the past 10 years, FBSOX returned 9.56%/yr vs 35.08%/yr for FSELX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. FBSOX charges 0.70%/yr vs 0.68%/yr for FSELX.
Performance
FBSOX vs. FSELX - Performance Comparison
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Returns By Period
In the year-to-date period, FBSOX achieves a -0.29% return, which is significantly lower than FSELX's 48.22% return. Over the past 10 years, FBSOX has underperformed FSELX with an annualized return of 9.56%, while FSELX has yielded a comparatively higher 35.08% annualized return.
FBSOX
- 1D
- 0.61%
- 1M
- 2.86%
- 6M
- 7.20%
- YTD
- -0.29%
- 1Y
- -8.15%
- 3Y*
- 3.92%
- 5Y*
- -3.58%
- 10Y*
- 9.56%
- ALL TIME*
- 11.01%
FSELX
- 1D
- 7.17%
- 1M
- -8.92%
- 6M
- 32.88%
- YTD
- 48.22%
- 1Y
- 83.24%
- 3Y*
- 50.94%
- 5Y*
- 38.34%
- 10Y*
- 35.08%
- ALL TIME*
- 16.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FBSOX vs. FSELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBSOX Fidelity Select IT Services Portfolio | -0.29% | -9.19% | 15.04% | 23.23% | -28.86% | 2.53% | 31.47% | 42.25% | 4.11% | 34.28% |
FSELX Fidelity Select Semiconductors Portfolio | 48.22% | 52.17% | 49.68% | 78.49% | -35.27% | 59.16% | 44.33% | 64.50% | -12.01% | 34.51% |
Correlation
The correlation between FBSOX and FSELX is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 1998 | 0.66 |
Over the past year, the correlation between FBSOX and FSELX has dropped to 0.07 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
FBSOX vs. FSELX — Risk / Return Rank
FBSOX
FSELX
FBSOX vs. FSELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select IT Services Portfolio (FBSOX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FBSOX | FSELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.39 | ||
| Sortino ratioReturn per unit of downside risk | -2.86 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.31 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 2.90 | -3.27 |
| Martin ratioReturn relative to average drawdown | -0.71 | 12.21 | -12.91 |
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Drawdowns
FBSOX vs. FSELX - Drawdown Comparison
The maximum FBSOX drawdown since its inception was -50.01%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for FBSOX and FSELX.
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Drawdown Indicators
| FBSOX | FSELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.01% | -82.54% | +32.53% |
Max Drawdown (1Y)Largest decline over 1 year | -29.29% | -26.87% | -2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -35.31% | -36.31% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -40.64% | -46.37% | +5.73% |
Max Drawdown (10Y)Largest decline over 10 years | -42.28% | -46.37% | +4.09% |
Current DrawdownCurrent decline from peak | -18.83% | -21.63% | +2.80% |
Average DrawdownAverage peak-to-trough decline | -10.26% | -28.63% | +18.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.35% | 6.37% | +9.98% |
Volatility
FBSOX vs. FSELX - Volatility Comparison
The current volatility for Fidelity Select IT Services Portfolio (FBSOX) is 6.03%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 16.75%. This indicates that FBSOX 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
| FBSOX | FSELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 16.75% | -10.72% |
Volatility (6M)Calculated over the trailing 6-month period | 18.45% | 34.43% | -15.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.83% | 40.79% | -17.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.81% | 40.42% | -17.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.90% | 35.84% | -12.94% |
FBSOX vs. FSELX - Expense Ratio Comparison
FBSOX has a 0.70% expense ratio, which is higher than FSELX's 0.68% expense ratio.
Dividends
FBSOX vs. FSELX - Dividend Comparison
FBSOX's dividend yield for the trailing twelve months is around 9.11%, less than FSELX's 11.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBSOX Fidelity Select IT Services Portfolio | 9.11% | 14.07% | 18.34% | 3.81% | 14.40% | 15.64% | 5.27% | 2.30% | 4.97% | 3.10% | 0.32% | 3.87% |
FSELX Fidelity Select Semiconductors Portfolio | 11.05% | 11.11% | 7.97% | 7.20% | 6.69% | 6.99% | 8.13% | 3.36% | 26.80% | 14.44% | 3.82% | 15.22% |
Frequently Asked Questions
FBSOX and FSELX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSELX has higher volatility (16.75%) compared to FBSOX (6.03%). In terms of maximum drawdown, FBSOX dropped -50.01% vs FSELX's -82.54%.
FSELX currently has the higher Sharpe Ratio (1.91 vs -0.48), 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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