FSCSX vs. VENAX
FSCSX (Fidelity Select Software & IT Services Portfolio) and VENAX (Vanguard Energy Index Fund Admiral Shares) are both mutual funds - FSCSX is a Technology Equities fund actively managed by Fidelity, while VENAX is a Energy Equities fund managed by Vanguard. Over the past 10 years, FSCSX returned 16.04%/yr vs 10.01%/yr for VENAX. Their 0.43 correlation means their historical movements had little consistent relationship. FSCSX charges 0.67%/yr vs 0.10%/yr for VENAX.
Performance
FSCSX vs. VENAX - Performance Comparison
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Returns By Period
In the year-to-date period, FSCSX achieves a -7.94% return, which is significantly lower than VENAX's 33.62% return. Over the past 10 years, FSCSX has outperformed VENAX with an annualized return of 16.04%, while VENAX has yielded a comparatively lower 10.01% annualized return.
FSCSX
- 1D
- 4.54%
- 1M
- 3.36%
- 6M
- 7.49%
- YTD
- -7.94%
- 1Y
- -7.49%
- 3Y*
- 9.84%
- 5Y*
- 5.19%
- 10Y*
- 16.04%
- ALL TIME*
- 15.54%
VENAX
- 1D
- 0.72%
- 1M
- 10.41%
- 6M
- 17.04%
- YTD
- 33.62%
- 1Y
- 42.35%
- 3Y*
- 14.21%
- 5Y*
- 23.30%
- 10Y*
- 10.01%
- ALL TIME*
- 8.26%
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 |
FSCSX vs. VENAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSCSX Fidelity Select Software & IT Services Portfolio | -7.94% | 6.96% | 19.66% | 51.72% | -29.13% | 18.13% | 45.55% | 38.99% | 4.08% | 38.60% |
VENAX Vanguard Energy Index Fund Admiral Shares | 33.62% | 7.29% | 6.57% | 0.05% | 62.94% | 55.57% | -33.27% | 9.36% | -19.90% | -2.39% |
Correlation
The correlation between FSCSX and VENAX is -0.06, 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. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004 | 0.43 |
The correlation between FSCSX and VENAX shifts across timeframes, from -0.06 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSCSX vs. VENAX — Risk / Return Rank
FSCSX
VENAX
FSCSX vs. VENAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Software & IT Services Portfolio (FSCSX) and Vanguard Energy Index Fund Admiral Shares (VENAX). 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.
| FSCSX | VENAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.30 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 2.60 | -2.91 |
| Martin ratioReturn relative to average drawdown | -0.63 | 6.99 | -7.62 |
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Drawdowns
FSCSX vs. VENAX - Drawdown Comparison
The maximum FSCSX drawdown since its inception was -64.66%, smaller than the maximum VENAX drawdown of -74.42%. Use the drawdown chart below to compare losses from any high point for FSCSX and VENAX.
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Drawdown Indicators
| FSCSX | VENAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.66% | -74.42% | +9.76% |
Max Drawdown (1Y)Largest decline over 1 year | -34.24% | -15.05% | -19.19% |
Max Drawdown (3Y)Largest decline over 3 years | -34.24% | -21.44% | -12.80% |
Max Drawdown (5Y)Largest decline over 5 years | -37.06% | -26.59% | -10.47% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | -69.58% | +32.52% |
Current DrawdownCurrent decline from peak | -13.20% | -5.47% | -7.73% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -19.91% | +6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.66% | 5.60% | +11.06% |
Volatility
FSCSX vs. VENAX - Volatility Comparison
Fidelity Select Software & IT Services Portfolio (FSCSX) has a higher volatility of 7.60% compared to Vanguard Energy Index Fund Admiral Shares (VENAX) at 6.12%. This indicates that FSCSX's price experiences larger fluctuations and is considered to be riskier than VENAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSCSX | VENAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.60% | 6.12% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 26.29% | 16.67% | +9.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.64% | 20.99% | +8.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.84% | 26.17% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.75% | 30.22% | -5.47% |
FSCSX vs. VENAX - Expense Ratio Comparison
FSCSX has a 0.67% expense ratio, which is higher than VENAX's 0.10% expense ratio.
Dividends
FSCSX vs. VENAX - Dividend Comparison
FSCSX's dividend yield for the trailing twelve months is around 21.82%, more than VENAX's 2.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCSX Fidelity Select Software & IT Services Portfolio | 21.82% | 15.40% | 19.17% | 7.72% | 9.06% | 6.54% | 5.10% | 12.70% | 6.20% | 7.15% | 3.98% | 5.22% |
VENAX Vanguard Energy Index Fund Admiral Shares | 2.42% | 3.10% | 3.24% | 3.34% | 3.65% | 3.80% | 4.76% | 3.41% | 3.35% | 2.90% | 2.31% | 3.17% |
Frequently Asked Questions
FSCSX and VENAX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCSX has higher volatility (7.60%) compared to VENAX (6.12%). In terms of maximum drawdown, FSCSX dropped -64.66% vs VENAX's -74.42%.
VENAX currently has the higher Sharpe Ratio (1.87 vs -0.36), 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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