FSELX vs. FSPGX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Select Semiconductors Portfolio (FSELX) and Fidelity Large Cap Growth Index Fund (FSPGX).

FSELX is managed by Fidelity. It was launched on Jul 29, 1985. FSPGX is managed by Fidelity.

Performance

FSELX vs. FSPGX - Performance Comparison

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

FSELX vs. FSPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSELX Fidelity Select Semiconductors Portfolio	0.00%	52.17%	49.68%	78.49%	-35.27%	59.16%	44.33%	64.50%	-12.01%	33.85%
FSPGX Fidelity Large Cap Growth Index Fund	-13.03%	18.54%	33.27%	42.77%	-29.17%	27.57%	38.46%	36.38%	-1.79%	27.70%

Returns By Period

FSELX

• 1D: -4.27%
• 1M: -9.75%
• YTD: 0.00%
• 6M: 7.40%
• 1Y: 85.27%
• 3Y*: 43.05%
• 5Y*: 30.67%
• 10Y*: 31.42%

FSPGX

• 1D: -0.45%
• 1M: -8.63%
• YTD: -13.03%
• 6M: -12.06%
• 1Y: 14.49%
• 3Y*: 19.68%
• 5Y*: 11.91%
• 10Y*: —

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

FSELX vs. FSPGX - Expense Ratio Comparison

FSELX has a 0.68% expense ratio, which is higher than FSPGX's 0.04% expense ratio.

FSELX

Fidelity Select Semiconductors Portfolio

FSPGX

Fidelity Large Cap Growth Index Fund

Return for Risk

FSELX vs. FSPGX — Risk / Return Rank

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

FSELX

FSELX Risk / Return Rank: 94
FSELX Sharpe Ratio Rank: 93
FSELX Sortino Ratio Rank: 92
FSELX Omega Ratio Rank: 89
FSELX Calmar Ratio Rank: 98
FSELX Martin Ratio Rank: 98

FSPGX

FSPGX Risk / Return Rank: 28
FSPGX Sharpe Ratio Rank: 29
FSPGX Sortino Ratio Rank: 33
FSPGX Omega Ratio Rank: 32
FSPGX Calmar Ratio Rank: 25
FSPGX Martin Ratio Rank: 23

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.

FSELX vs. FSPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Semiconductors Portfolio (FSELX) and Fidelity Large Cap Growth Index Fund (FSPGX). 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	FSPGX	Difference
Sharpe ratio Return per unit of total volatility	2.07	0.66	+1.41
Sortino ratio Return per unit of downside risk	2.72	1.10	+1.61
Omega ratio Gain probability vs. loss probability	1.38	1.15	+0.23
Calmar ratio Return relative to maximum drawdown	4.58	0.72	+3.86
Martin ratio Return relative to average drawdown	18.71	2.51	+16.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSELX vs. FSPGX - Sharpe Ratio Comparison

The current FSELX Sharpe Ratio is 2.07, which is higher than the FSPGX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of FSELX and FSPGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FSELX	FSPGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	0.66	+1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.56	+0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.78	-0.29

Correlation

The correlation between FSELX and FSPGX is 0.81, 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

FSELX vs. FSPGX - Dividend Comparison

FSELX's dividend yield for the trailing twelve months is around 11.11%, more than FSPGX's 0.40% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSELX Fidelity Select Semiconductors Portfolio	11.11%	11.11%	7.97%	7.20%	6.69%	6.99%	8.13%	3.36%	26.80%	14.44%	3.82%	15.22%
FSPGX Fidelity Large Cap Growth Index Fund	0.40%	0.34%	0.37%	0.73%	0.86%	2.22%	1.76%	1.04%	1.32%	0.22%	0.00%	0.00%

Drawdowns

FSELX vs. FSPGX - Drawdown Comparison

The maximum FSELX drawdown since its inception was -82.54%, which is greater than FSPGX's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for FSELX and FSPGX.

Drawdown Indicators

	FSELX	FSPGX	Difference
Max Drawdown Largest peak-to-trough decline	-82.54%	-32.66%	-49.88%
Max Drawdown (1Y) Largest decline over 1 year	-17.23%	-16.17%	-1.06%
Max Drawdown (5Y) Largest decline over 5 years	-46.37%	-32.66%	-13.71%
Max Drawdown (10Y) Largest decline over 10 years	-46.37%	—	—
Current Drawdown Current decline from peak	-14.38%	-16.17%	+1.79%
Average Drawdown Average peak-to-trough decline	-28.82%	-6.43%	-22.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	4.63%	-0.42%

Volatility

FSELX vs. FSPGX - Volatility Comparison

Fidelity Select Semiconductors Portfolio (FSELX) has a higher volatility of 10.47% compared to Fidelity Large Cap Growth Index Fund (FSPGX) at 5.33%. This indicates that FSELX's price experiences larger fluctuations and is considered to be riskier than FSPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSELX	FSPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.47%	5.33%	+5.14%
Volatility (6M) Calculated over the trailing 6-month period	24.91%	11.79%	+13.12%
Volatility (1Y) Calculated over the trailing 1-year period	40.89%	22.32%	+18.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.58%	21.46%	+17.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.71%	21.63%	+13.08%