FSELX vs. BTC-USD
FSELX (Fidelity Select Semiconductors Portfolio) is Semiconductors fund managed by Fidelity, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, FSELX returned 37.56%/yr vs 59.68%/yr for BTC-USD. At a 0.13 correlation, their price movements are largely independent.
Performance
FSELX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, FSELX achieves a 66.12% return, which is significantly higher than BTC-USD's -28.54% return. Over the past 10 years, FSELX has underperformed BTC-USD with an annualized return of 37.56%, while BTC-USD has yielded a comparatively higher 59.68% annualized return.
FSELX
- 1D
- -9.27%
- 1M
- 5.76%
- YTD
- 66.12%
- 6M
- 60.36%
- 1Y
- 135.04%
- 3Y*
- 63.14%
- 5Y*
- 43.03%
- 10Y*
- 37.56%
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
FSELX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSELX Fidelity Select Semiconductors Portfolio | 66.12% | 52.17% | 49.68% | 78.49% | -35.27% | 59.16% | 44.33% | 64.50% | -12.01% | 34.51% |
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between FSELX and BTC-USD is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2012 | 0.13 |
Over the past year, FSELX and BTC-USD have become more correlated (0.35) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
FSELX vs. BTC-USD — Risk / Return Rank
FSELX
BTC-USD
FSELX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Semiconductors Portfolio (FSELX) and Bitcoin (BTC-USD). 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.
| FSELX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.96 | ||
| Sortino ratioReturn per unit of downside risk | +5.44 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 0.86 | +0.71 |
| Calmar ratioReturn relative to maximum drawdown | 9.48 | -0.80 | +10.28 |
| Martin ratioReturn relative to average drawdown | 35.79 | -1.42 | +37.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSELX | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.00 | -0.95 | +4.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 0.20 | +0.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | 0.87 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 1.13 | -0.59 |
Drawdowns
FSELX vs. BTC-USD - Drawdown Comparison
The maximum FSELX drawdown since its inception was -82.54%, roughly equal to the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for FSELX and BTC-USD.
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Drawdown Indicators
| FSELX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.54% | -85.30% | +2.76% |
Max Drawdown (1Y)Largest decline over 1 year | -14.38% | -51.21% | +36.83% |
Max Drawdown (3Y)Largest decline over 3 years | -36.31% | -51.21% | +14.90% |
Max Drawdown (5Y)Largest decline over 5 years | -46.37% | -76.67% | +30.30% |
Max Drawdown (10Y)Largest decline over 10 years | -46.37% | -83.80% | +37.43% |
Current DrawdownCurrent decline from peak | -10.89% | -49.86% | +38.97% |
Average DrawdownAverage peak-to-trough decline | -28.69% | -42.32% | +13.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 34.46% | -30.66% |
Volatility
FSELX vs. BTC-USD - Volatility Comparison
Fidelity Select Semiconductors Portfolio (FSELX) has a higher volatility of 15.95% compared to Bitcoin (BTC-USD) at 11.59%. This indicates that FSELX's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSELX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.95% | 11.59% | +4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 27.45% | 34.53% | -7.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.06% | 35.67% | -1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.17% | 44.95% | -5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.18% | 56.71% | -21.53% |
Frequently Asked Questions
FSELX and BTC-USD have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSELX has higher volatility (15.95%) compared to BTC-USD (11.59%). In terms of maximum drawdown, FSELX dropped -82.54% vs BTC-USD's -85.30%.
FSELX currently has the higher Sharpe Ratio (4.00 vs -0.95), 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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