FDCPX vs. FSENX

Last updated Jun 4, 2026

FDCPX (Fidelity Select Tech Hardware Portfolio) and FSENX (Fidelity Select Energy Portfolio) are both mutual funds - FDCPX is a Technology Equities fund managed by Fidelity, while FSENX is a Energy Equities fund managed by Fidelity. Over the past 10 years, FDCPX returned 28.33%/yr vs 9.68%/yr for FSENX. At a 0.40 correlation, their price movements are largely independent. FDCPX charges 0.72%/yr vs 0.77%/yr for FSENX.

Performance

FDCPX vs. FSENX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Tech Hardware Portfolio (FDCPX) and Fidelity Select Energy Portfolio (FSENX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDCPX achieves a 84.16% return, which is significantly higher than FSENX's 35.02% return. Over the past 10 years, FDCPX has outperformed FSENX with an annualized return of 28.33%, while FSENX has yielded a comparatively lower 9.68% annualized return.

FDCPX

• 1D: 2.20%
• 1M: 25.35%
• YTD: 84.16%
• 6M: 86.77%
• 1Y: 143.33%
• 3Y*: 57.11%
• 5Y*: 29.98%
• 10Y*: 28.33%

FSENX

• 1D: 1.38%
• 1M: -2.65%
• YTD: 35.02%
• 6M: 31.99%
• 1Y: 51.42%
• 3Y*: 19.21%
• 5Y*: 22.08%
• 10Y*: 9.68%

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

FDCPX vs. FSENX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDCPX Fidelity Select Tech Hardware Portfolio	84.16%	54.44%	22.40%	33.52%	-28.63%	23.68%	46.07%	40.15%	-6.30%	32.64%
FSENX Fidelity Select Energy Portfolio	35.02%	10.56%	4.26%	0.94%	62.98%	55.31%	-32.51%	9.90%	-24.94%	-2.65%

Correlation

The correlation between FDCPX and FSENX is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jul 30, 1985	0.40

Over the past year, the correlation between FDCPX and FSENX has dropped to 0.03 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

Return for Risk

FDCPX vs. FSENX — Risk / Return Rank

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

FDCPX

FDCPX Risk / Return Rank: 99
FDCPX Sharpe Ratio Rank: 100
FDCPX Sortino Ratio Rank: 98
FDCPX Omega Ratio Rank: 96
FDCPX Calmar Ratio Rank: 99
FDCPX Martin Ratio Rank: 99

FSENX

FSENX Risk / Return Rank: 79
FSENX Sharpe Ratio Rank: 85
FSENX Sortino Ratio Rank: 70
FSENX Omega Ratio Rank: 61
FSENX Calmar Ratio Rank: 94
FSENX Martin Ratio Rank: 84

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.

FDCPX vs. FSENX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Tech Hardware Portfolio (FDCPX) 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.

	FDCPX	FSENX	Difference
Sharpe ratio Return per unit of total volatility	6.14	2.74	+3.40
Sortino ratio Return per unit of downside risk	6.41	3.47	+2.93
Omega ratio Gain probability vs. loss probability	1.89	1.43	+0.45
Calmar ratio Return relative to maximum drawdown	15.12	5.42	+9.70
Martin ratio Return relative to average drawdown	58.21	15.96	+42.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDCPX vs. FSENX - Sharpe Ratio Comparison

The current FDCPX Sharpe Ratio is 6.14, which is higher than the FSENX Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of FDCPX and FSENX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDCPX	FSENX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.14	2.74	+3.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.34	0.81	+0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.30	0.31	+0.98
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.32	+0.24

Drawdowns

FDCPX vs. FSENX - Drawdown Comparison

The maximum FDCPX drawdown since its inception was -81.96%, which is greater than FSENX's maximum drawdown of -76.24%. Use the drawdown chart below to compare losses from any high point for FDCPX and FSENX.

Drawdown Indicators

	FDCPX	FSENX	Difference
Max Drawdown Largest peak-to-trough decline	-81.96%	-76.24%	-5.72%
Max Drawdown (1Y) Largest decline over 1 year	-9.68%	-9.95%	+0.27%
Max Drawdown (3Y) Largest decline over 3 years	-23.59%	-25.85%	+2.26%
Max Drawdown (5Y) Largest decline over 5 years	-35.29%	-28.02%	-7.27%
Max Drawdown (10Y) Largest decline over 10 years	-35.29%	-72.11%	+36.82%
Current Drawdown Current decline from peak	0.00%	-5.09%	+5.09%
Average Drawdown Average peak-to-trough decline	-26.12%	-17.01%	-9.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	3.37%	-0.86%

Volatility

FDCPX vs. FSENX - Volatility Comparison

Fidelity Select Tech Hardware Portfolio (FDCPX) has a higher volatility of 8.07% compared to Fidelity Select Energy Portfolio (FSENX) at 7.60%. This indicates that FDCPX'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

	FDCPX	FSENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.07%	7.60%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	19.85%	15.35%	+4.50%
Volatility (1Y) Calculated over the trailing 1-year period	23.87%	19.70%	+4.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.51%	27.26%	-4.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.91%	30.96%	-9.05%

FDCPX vs. FSENX - Expense Ratio Comparison

FDCPX has a 0.72% expense ratio, which is lower than FSENX's 0.77% expense ratio.

Dividends

FDCPX vs. FSENX - Dividend Comparison

FDCPX's dividend yield for the trailing twelve months is around 5.81%, more than FSENX's 1.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDCPX Fidelity Select Tech Hardware Portfolio	5.81%	14.38%	7.58%	0.51%	17.72%	16.95%	8.81%	12.15%	23.69%	10.50%	6.57%	4.53%
FSENX Fidelity Select Energy Portfolio	1.59%	1.95%	1.95%	1.98%	2.50%	2.25%	3.43%	1.84%	1.48%	1.74%	0.62%	1.29%

Frequently Asked Questions

Can I hold both FDCPX and FSENX in my portfolio?

FDCPX and FSENX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDCPX or FSENX?

FDCPX has higher volatility (8.07%) compared to FSENX (7.60%). In terms of maximum drawdown, FDCPX dropped -81.96% vs FSENX's -76.24%.

Which has better risk-adjusted returns?

FDCPX currently has the higher Sharpe Ratio (6.14 vs 2.74), 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.