FSELX vs. SMH
Compare and contrast key facts about Fidelity Select Semiconductors Portfolio (FSELX) and VanEck Vectors Semiconductor ETF (SMH).
FSELX is managed by Fidelity. It was launched on Jul 29, 1985. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSELX or SMH.
Correlation
The correlation between FSELX and SMH is 0.95, 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.
Performance
FSELX vs. SMH - Performance Comparison
Key characteristics
FSELX:
-0.45
SMH:
-0.34
FSELX:
-0.37
SMH:
-0.22
FSELX:
0.95
SMH:
0.97
FSELX:
-0.54
SMH:
-0.42
FSELX:
-1.54
SMH:
-1.00
FSELX:
11.89%
SMH:
12.65%
FSELX:
40.90%
SMH:
37.77%
FSELX:
-81.70%
SMH:
-83.29%
FSELX:
-33.87%
SMH:
-30.16%
Returns By Period
In the year-to-date period, FSELX achieves a -25.22% return, which is significantly lower than SMH's -19.24% return. Over the past 10 years, FSELX has underperformed SMH with an annualized return of 13.32%, while SMH has yielded a comparatively higher 23.08% annualized return.
FSELX
-25.22%
-16.76%
-24.86%
-18.79%
21.57%
13.32%
SMH
-19.24%
-13.17%
-19.67%
-13.05%
29.39%
23.08%
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FSELX vs. SMH - Expense Ratio Comparison
FSELX has a 0.68% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
FSELX vs. SMH — Risk-Adjusted Performance Rank
FSELX
SMH
FSELX vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Semiconductors Portfolio (FSELX) and VanEck Vectors 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.
Dividends
FSELX vs. SMH - Dividend Comparison
FSELX has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.55%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSELX Fidelity Select Semiconductors Portfolio | 0.00% | 0.00% | 0.10% | 0.18% | 0.04% | 0.51% | 0.76% | 0.76% | 1.04% | 0.71% | 16.31% | 3.48% |
SMH VanEck Vectors Semiconductor ETF | 0.55% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% | 1.16% |
Drawdowns
FSELX vs. SMH - Drawdown Comparison
The maximum FSELX drawdown since its inception was -81.70%, roughly equal to the maximum SMH drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for FSELX and SMH. For additional features, visit the drawdowns tool.
Volatility
FSELX vs. SMH - Volatility Comparison
Fidelity Select Semiconductors Portfolio (FSELX) has a higher volatility of 16.19% compared to VanEck Vectors Semiconductor ETF (SMH) at 13.38%. This indicates that FSELX's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.