FOCPX vs. FSENX

Last updated Jul 15, 2026

FOCPX (Fidelity OTC Portfolio) and FSENX (Fidelity Select Energy Portfolio) are both mutual funds - FOCPX is a Large Cap Growth Equities fund actively managed by Fidelity, while FSENX is a Energy Equities fund actively managed by Fidelity. Both are actively managed. Over the past 10 years, FOCPX returned 22.06%/yr vs 9.31%/yr for FSENX. At a 0.44 correlation, their price movements are largely independent. FOCPX charges 0.73%/yr vs 0.77%/yr for FSENX.

Performance

FOCPX vs. FSENX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity OTC Portfolio (FOCPX) 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, FOCPX achieves a 23.64% return, which is significantly lower than FSENX's 33.88% return. Over the past 10 years, FOCPX has outperformed FSENX with an annualized return of 22.06%, while FSENX has yielded a comparatively lower 9.31% annualized return.

FOCPX

• 1D: -1.93%
• 1M: -0.66%
• 6M: 21.34%
• YTD: 23.64%
• 1Y: 44.77%
• 3Y*: 31.11%
• 5Y*: 16.73%
• 10Y*: 22.06%

FSENX

• 1D: 2.75%
• 1M: -0.07%
• 6M: 27.07%
• YTD: 33.88%
• 1Y: 41.15%
• 3Y*: 17.55%
• 5Y*: 23.85%
• 10Y*: 9.31%

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

FOCPX vs. FSENX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FOCPX Fidelity OTC Portfolio	23.64%	22.21%	38.95%	42.64%	-32.08%	24.94%	46.75%	39.20%	-3.30%	38.61%
FSENX Fidelity Select Energy Portfolio	33.88%	10.56%	4.26%	0.94%	62.98%	55.31%	-32.51%	9.90%	-24.94%	-2.65%

Correlation

The correlation between FOCPX and FSENX is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Dec 31, 1984	0.44

The correlation between FOCPX and FSENX shifts across timeframes, from -0.12 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FOCPX vs. FSENX — Risk / Return Rank

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

FOCPX

FOCPX Risk / Return Rank: 85
FOCPX Sharpe Ratio Rank: 85
FOCPX Sortino Ratio Rank: 78
FOCPX Omega Ratio Rank: 77
FOCPX Calmar Ratio Rank: 93
FOCPX Martin Ratio Rank: 94

FSENX

FSENX Risk / Return Rank: 70
FSENX Sharpe Ratio Rank: 77
FSENX Sortino Ratio Rank: 69
FSENX Omega Ratio Rank: 61
FSENX Calmar Ratio Rank: 86
FSENX Martin Ratio Rank: 56

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.

FOCPX vs. FSENX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity OTC Portfolio (FOCPX) 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.

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.

	FOCPX	FSENX	Difference
Sharpe ratio: Return per unit of total volatility	2.23	1.97	+0.26
Sortino ratio: Return per unit of downside risk	2.89	2.61	+0.28
Omega ratio: Gain probability vs. loss probability	1.38	1.32	+0.06
Calmar ratio: Return relative to maximum drawdown	4.00	3.25	+0.75
Martin ratio: Return relative to average drawdown	15.92	8.87	+7.05

FOCPX vs. FSENX - Sharpe Ratio Comparison

The current FOCPX Sharpe Ratio is 2.23, which is comparable to the FSENX Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of FOCPX 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.

Drawdowns

FOCPX vs. FSENX - Drawdown Comparison

The maximum FOCPX drawdown since its inception was -70.25%, smaller than the maximum FSENX drawdown of -76.24%. Use the drawdown chart below to compare losses from any high point for FOCPX and FSENX.

Drawdown Indicators

	FOCPX	FSENX	Difference
Max Drawdown Largest peak-to-trough decline	-70.25%	-76.24%	+5.99%
Max Drawdown (1Y) Largest decline over 1 year	-11.29%	-12.22%	+0.93%
Max Drawdown (3Y) Largest decline over 3 years	-24.82%	-25.85%	+1.03%
Max Drawdown (5Y) Largest decline over 5 years	-37.05%	-28.02%	-9.03%
Max Drawdown (10Y) Largest decline over 10 years	-37.05%	-72.11%	+35.06%
Current Drawdown Current decline from peak	-4.61%	-5.89%	+1.28%
Average Drawdown Average peak-to-trough decline	-16.97%	-16.99%	+0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	4.49%	-1.66%

Volatility

FOCPX vs. FSENX - Volatility Comparison

Fidelity OTC Portfolio (FOCPX) has a higher volatility of 8.61% compared to Fidelity Select Energy Portfolio (FSENX) at 6.89%. This indicates that FOCPX'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

	FOCPX	FSENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.61%	6.89%	+1.72%
Volatility (6M) Calculated over the trailing 6-month period	16.75%	15.83%	+0.92%
Volatility (1Y) Calculated over the trailing 1-year period	20.27%	20.15%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.08%	27.19%	-4.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.55%	30.85%	-8.30%

FOCPX vs. FSENX - Expense Ratio Comparison

FOCPX has a 0.73% expense ratio, which is lower than FSENX's 0.77% expense ratio.

Dividends

FOCPX vs. FSENX - Dividend Comparison

FOCPX's dividend yield for the trailing twelve months is around 6.29%, more than FSENX's 1.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOCPX Fidelity OTC Portfolio	6.29%	7.78%	16.76%	0.05%	4.06%	11.53%	6.23%	7.58%	7.93%	4.86%	3.24%	5.41%
FSENX Fidelity Select Energy Portfolio	1.60%	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 FOCPX and FSENX in my portfolio?

FOCPX and FSENX have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FOCPX or FSENX?

FOCPX has higher volatility (8.61%) compared to FSENX (6.89%). In terms of maximum drawdown, FOCPX dropped -70.25% vs FSENX's -76.24%.

Which has better risk-adjusted returns?

FOCPX currently has the higher Sharpe Ratio (2.23 vs 1.97), 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.