FITFX vs. FSELX

Last updated Jun 26, 2026

FITFX (Fidelity Flex International Index Fund) and FSELX (Fidelity Select Semiconductors Portfolio) are both mutual funds - FITFX is a Foreign Large Cap Equities fund managed by Fidelity, while FSELX is a Semiconductors fund managed by Fidelity. Over the past 5 years, FITFX returned 8.58%/yr vs 43.75%/yr for FSELX. A 0.65 correlation means they provide meaningful diversification when combined. FITFX charges 0.00%/yr vs 0.68%/yr for FSELX.

Performance

FITFX vs. FSELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex International Index Fund (FITFX) and Fidelity Select Semiconductors Portfolio (FSELX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FITFX achieves a 13.31% return, which is significantly lower than FSELX's 74.97% return.

FITFX

• 1D: 0.11%
• 1M: -1.09%
• YTD: 13.31%
• 6M: 13.31%
• 1Y: 29.10%
• 3Y*: 19.38%
• 5Y*: 8.58%
• 10Y*: —

FSELX

• 1D: -0.49%
• 1M: 1.29%
• YTD: 74.97%
• 6M: 71.71%
• 1Y: 128.25%
• 3Y*: 64.81%
• 5Y*: 43.75%
• 10Y*: 38.96%

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

FITFX vs. FSELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FITFX Fidelity Flex International Index Fund	13.31%	33.21%	5.37%	15.45%	-15.72%	7.76%	10.77%	21.44%	-13.97%	21.09%
FSELX Fidelity Select Semiconductors Portfolio	74.97%	52.17%	49.68%	78.49%	-35.27%	59.16%	44.33%	64.50%	-12.01%	25.23%

Correlation

The correlation between FITFX and FSELX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Mar 9, 2017	0.65

The correlation between FITFX and FSELX has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.

Return for Risk

FITFX vs. FSELX — Risk / Return Rank

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

FITFX

FITFX Risk / Return Rank: 56
FITFX Sharpe Ratio Rank: 56
FITFX Sortino Ratio Rank: 51
FITFX Omega Ratio Rank: 58
FITFX Calmar Ratio Rank: 60
FITFX Martin Ratio Rank: 57

FSELX

FSELX Risk / Return Rank: 94
FSELX Sharpe Ratio Rank: 98
FSELX Sortino Ratio Rank: 88
FSELX Omega Ratio Rank: 87
FSELX Calmar Ratio Rank: 99
FSELX Martin Ratio Rank: 98

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.

FITFX vs. FSELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex International Index Fund (FITFX) 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.

	FITFX	FSELX	Difference
Sharpe ratio: Return per unit of total volatility	1.84	3.61	-1.78
Sortino ratio: Return per unit of downside risk	2.49	3.76	-1.27
Omega ratio: Gain probability vs. loss probability	1.35	1.52	-0.17
Calmar ratio: Return relative to maximum drawdown	2.59	9.18	-6.60
Martin ratio: Return relative to average drawdown	9.90	32.54	-22.64

FITFX vs. FSELX - Sharpe Ratio Comparison

The current FITFX Sharpe Ratio is 1.84, which is lower than the FSELX Sharpe Ratio of 3.61. The chart below compares the historical Sharpe Ratios of FITFX and FSELX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FITFX vs. FSELX - Drawdown Comparison

The maximum FITFX drawdown since its inception was -34.84%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for FITFX and FSELX.

Drawdown Indicators

	FITFX	FSELX	Difference
Max Drawdown Largest peak-to-trough decline	-34.84%	-82.54%	+47.70%
Max Drawdown (1Y) Largest decline over 1 year	-11.22%	-14.38%	+3.16%
Max Drawdown (3Y) Largest decline over 3 years	-13.35%	-36.31%	+22.96%
Max Drawdown (5Y) Largest decline over 5 years	-29.54%	-46.37%	+16.83%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.37%	—
Current Drawdown Current decline from peak	-2.72%	-7.49%	+4.77%
Average Drawdown Average peak-to-trough decline	-7.40%	-28.66%	+21.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	4.05%	-1.13%

Volatility

FITFX vs. FSELX - Volatility Comparison

The current volatility for Fidelity Flex International Index Fund (FITFX) is 6.98%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 19.62%. This indicates that FITFX 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.

Volatility by Period

	FITFX	FSELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.98%	19.62%	-12.64%
Volatility (6M) Calculated over the trailing 6-month period	13.78%	29.76%	-15.98%
Volatility (1Y) Calculated over the trailing 1-year period	15.86%	36.67%	-20.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.62%	39.69%	-24.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.42%	35.43%	-19.01%

FITFX vs. FSELX - Expense Ratio Comparison

FITFX has a 0.00% expense ratio, which is lower than FSELX's 0.68% expense ratio.

Dividends

FITFX vs. FSELX - Dividend Comparison

FITFX's dividend yield for the trailing twelve months is around 2.54%, less than FSELX's 9.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FITFX Fidelity Flex International Index Fund	2.54%	2.88%	2.77%	2.67%	2.60%	2.25%	1.50%	2.54%	1.92%	1.70%	0.00%	0.00%
FSELX Fidelity Select Semiconductors Portfolio	9.36%	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

Can I hold both FITFX and FSELX in my portfolio?

FITFX and FSELX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FITFX or FSELX?

FSELX has higher volatility (19.62%) compared to FITFX (6.98%). In terms of maximum drawdown, FITFX dropped -34.84% vs FSELX's -82.54%.

Which has better risk-adjusted returns?

FSELX currently has the higher Sharpe Ratio (3.61 vs 1.84), 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.