FSAEX vs. SMH
Compare and contrast key facts about Fidelity Series All-Sector Equity Fund (FSAEX) and VanEck Semiconductor ETF (SMH).
FSAEX is managed by Fidelity. It was launched on Oct 17, 2008. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Performance
FSAEX vs. SMH - Performance Comparison
Loading graphics...
FSAEX vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSAEX Fidelity Series All-Sector Equity Fund | -8.21% | 19.80% | 26.86% | 30.61% | -18.55% | 26.89% | 26.23% | 32.18% | -6.56% | 21.64% |
SMH VanEck Semiconductor ETF | 6.46% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Returns By Period
In the year-to-date period, FSAEX achieves a -8.21% return, which is significantly lower than SMH's 6.46% return. Over the past 10 years, FSAEX has underperformed SMH with an annualized return of 14.62%, while SMH has yielded a comparatively higher 31.28% annualized return.
FSAEX
- 1D
- -0.56%
- 1M
- -8.01%
- YTD
- -8.21%
- 6M
- -6.24%
- 1Y
- 16.80%
- 3Y*
- 18.69%
- 5Y*
- 11.91%
- 10Y*
- 14.62%
SMH
- 1D
- 5.76%
- 1M
- -5.65%
- YTD
- 6.46%
- 6M
- 17.84%
- 1Y
- 81.87%
- 3Y*
- 43.47%
- 5Y*
- 25.59%
- 10Y*
- 31.28%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FSAEX vs. SMH - Expense Ratio Comparison
FSAEX has a 0.00% expense ratio, which is lower than SMH's 0.35% expense ratio.
Return for Risk
FSAEX vs. SMH — Risk / Return Rank
FSAEX
SMH
FSAEX vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series All-Sector Equity Fund (FSAEX) and VanEck Semiconductor ETF (SMH). 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.
| FSAEX | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 2.23 | -1.30 |
Sortino ratioReturn per unit of downside risk | 1.42 | 2.85 | -1.42 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.40 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.24 | 5.10 | -3.86 |
Martin ratioReturn relative to average drawdown | 5.64 | 18.29 | -12.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FSAEX | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 2.23 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.74 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.97 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.28 | +0.39 |
Correlation
The correlation between FSAEX and SMH is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FSAEX vs. SMH - Dividend Comparison
FSAEX's dividend yield for the trailing twelve months is around 9.12%, more than SMH's 0.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSAEX Fidelity Series All-Sector Equity Fund | 9.12% | 7.36% | 8.95% | 5.50% | 11.89% | 20.94% | 12.13% | 8.60% | 41.30% | 14.60% | 17.85% | 9.61% |
SMH VanEck Semiconductor ETF | 0.29% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
FSAEX vs. SMH - Drawdown Comparison
The maximum FSAEX drawdown since its inception was -34.55%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for FSAEX and SMH.
Loading graphics...
Drawdown Indicators
| FSAEX | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.55% | -84.96% | +50.41% |
Max Drawdown (1Y)Largest decline over 1 year | -12.03% | -15.95% | +3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -24.66% | -45.30% | +20.64% |
Max Drawdown (10Y)Largest decline over 10 years | -34.55% | -45.30% | +10.75% |
Current DrawdownCurrent decline from peak | -9.83% | -10.03% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -4.59% | -41.36% | +36.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 4.44% | -1.80% |
Volatility
FSAEX vs. SMH - Volatility Comparison
The current volatility for Fidelity Series All-Sector Equity Fund (FSAEX) is 4.62%, while VanEck Semiconductor ETF (SMH) has a volatility of 12.11%. This indicates that FSAEX experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FSAEX | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 12.11% | -7.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 23.95% | -14.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.64% | 36.84% | -18.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 34.71% | -16.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 32.28% | -13.52% |