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.
Performance
FSELX vs. SMH - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FSELX having a 37.98% return and SMH slightly lower at 37.22%. Over the past 10 years, FSELX has underperformed SMH with an annualized return of 17.99%, while SMH has yielded a comparatively higher 28.12% annualized return.
FSELX
37.98%
-3.46%
5.09%
41.32%
22.76%
17.99%
SMH
37.22%
-2.98%
4.21%
49.18%
32.05%
28.12%
Key characteristics
| FSELX | SMH | |
|---|---|---|
| Sharpe Ratio | 1.13 | 1.44 |
| Sortino Ratio | 1.65 | 1.95 |
| Omega Ratio | 1.21 | 1.26 |
| Calmar Ratio | 1.68 | 2.00 |
| Martin Ratio | 4.77 | 5.45 |
| Ulcer Index | 8.57% | 9.13% |
| Daily Std Dev | 36.04% | 34.45% |
| Max Drawdown | -81.70% | -95.73% |
| Current Drawdown | -11.60% | -14.69% |
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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.
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.
Risk-Adjusted Performance
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's dividend yield for the trailing twelve months is around 0.07%, less than SMH's 0.43% 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% |
SMH VanEck Vectors Semiconductor ETF | 0.43% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
FSELX vs. SMH - Drawdown Comparison
The maximum FSELX drawdown since its inception was -81.70%, smaller than the maximum SMH drawdown of -95.73%. 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 9.31% compared to VanEck Vectors Semiconductor ETF (SMH) at 8.20%. 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.