FSELX vs. QQQ
Compare and contrast key facts about Fidelity Select Semiconductors Portfolio (FSELX) and Invesco QQQ (QQQ).
FSELX is managed by Fidelity. It was launched on Jul 29, 1985. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSELX or QQQ.
Performance
FSELX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, FSELX achieves a 37.98% return, which is significantly higher than QQQ's 21.78% return. Both investments have delivered pretty close results over the past 10 years, with FSELX having a 17.99% annualized return and QQQ not far behind at 17.95%.
FSELX
37.98%
-3.46%
5.09%
41.32%
22.76%
17.99%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| FSELX | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.13 | 1.70 |
| Sortino Ratio | 1.65 | 2.29 |
| Omega Ratio | 1.21 | 1.31 |
| Calmar Ratio | 1.68 | 2.19 |
| Martin Ratio | 4.77 | 7.96 |
| Ulcer Index | 8.57% | 3.72% |
| Daily Std Dev | 36.04% | 17.39% |
| Max Drawdown | -81.70% | -82.98% |
| Current Drawdown | -11.60% | -3.42% |
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FSELX vs. QQQ - Expense Ratio Comparison
FSELX has a 0.68% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between FSELX and QQQ is 0.84, 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.
Risk-Adjusted Performance
FSELX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Semiconductors Portfolio (FSELX) and Invesco QQQ (QQQ). 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.
Dividends
FSELX vs. QQQ - Dividend Comparison
FSELX's dividend yield for the trailing twelve months is around 0.07%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSELX Fidelity Select Semiconductors Portfolio | 0.07% | 0.10% | 0.18% | 0.04% | 0.51% | 0.76% | 0.76% | 1.04% | 0.71% | 16.31% | 3.48% | 0.61% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FSELX vs. QQQ - Drawdown Comparison
The maximum FSELX drawdown since its inception was -81.70%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FSELX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FSELX vs. QQQ - Volatility Comparison
Fidelity Select Semiconductors Portfolio (FSELX) has a higher volatility of 9.31% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that FSELX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.