FSELX vs. SOXX
FSELX (Fidelity Select Semiconductors Portfolio) and SOXX (iShares Semiconductor ETF) are both Semiconductors funds. Over the past 10 years, FSELX returned 35.21%/yr vs 32.83%/yr for SOXX. Their 0.97 correlation means they have historically moved very closely together. FSELX charges 0.68%/yr vs 0.34%/yr for SOXX.
Performance
FSELX vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, FSELX achieves a 51.40% return, which is significantly lower than SOXX's 80.24% return. Over the past 10 years, FSELX has outperformed SOXX with an annualized return of 35.21%, while SOXX has yielded a comparatively lower 32.83% annualized return.
FSELX
- 1D
- 1.18%
- 1M
- -6.96%
- 6M
- 37.68%
- YTD
- 51.40%
- 1Y
- 83.96%
- 3Y*
- 54.32%
- 5Y*
- 38.10%
- 10Y*
- 35.21%
- ALL TIME*
- 16.78%
SOXX
- 1D
- 6.80%
- 1M
- -4.26%
- 6M
- 57.04%
- YTD
- 80.24%
- 1Y
- 126.60%
- 3Y*
- 47.89%
- 5Y*
- 29.31%
- 10Y*
- 32.83%
- ALL TIME*
- 14.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $6.23B | $5.65B | $5.90B |
FSELX vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSELX Fidelity Select Semiconductors Portfolio | 51.40% | 52.17% | 49.68% | 78.49% | -35.27% | 59.16% | 44.33% | 64.50% | -12.01% | 34.51% |
SOXX iShares Semiconductor ETF | 80.24% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
Correlation
The correlation between FSELX and SOXX is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2001 | 0.97 |
The correlation between FSELX and SOXX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
FSELX vs. SOXX — Risk / Return Rank
FSELX
SOXX
FSELX vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Semiconductors Portfolio (FSELX) and iShares Semiconductor ETF (SOXX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSELX | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.42 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 4.39 | -1.13 |
| Martin ratioReturn relative to average drawdown | 13.22 | 17.88 | -4.66 |
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Drawdowns
FSELX vs. SOXX - Drawdown Comparison
The maximum FSELX drawdown since its inception was -82.54%, which is greater than SOXX's maximum drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for FSELX and SOXX.
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Drawdown Indicators
| FSELX | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.54% | -70.21% | -12.33% |
Max Drawdown (1Y)Largest decline over 1 year | -26.87% | -29.01% | +2.14% |
Max Drawdown (3Y)Largest decline over 3 years | -36.31% | -41.36% | +5.05% |
Max Drawdown (5Y)Largest decline over 5 years | -46.37% | -45.75% | -0.62% |
Max Drawdown (10Y)Largest decline over 10 years | -46.37% | -45.75% | -0.62% |
Current DrawdownCurrent decline from peak | -19.94% | -17.22% | -2.72% |
Average DrawdownAverage peak-to-trough decline | -28.63% | -19.92% | -8.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.62% | 7.11% | -0.49% |
Volatility
FSELX vs. SOXX - Volatility Comparison
The current volatility for Fidelity Select Semiconductors Portfolio (FSELX) is 15.59%, while iShares Semiconductor ETF (SOXX) has a volatility of 18.28%. This indicates that FSELX experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSELX | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.59% | 18.28% | -2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 34.29% | 39.14% | -4.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.78% | 44.78% | -4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.42% | 38.37% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.85% | 34.61% | +1.24% |
FSELX vs. SOXX - Expense Ratio Comparison
FSELX has a 0.68% expense ratio, which is higher than SOXX's 0.34% expense ratio.
Dividends
FSELX vs. SOXX - Dividend Comparison
FSELX's dividend yield for the trailing twelve months is around 10.82%, more than SOXX's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSELX Fidelity Select Semiconductors Portfolio | 10.82% | 11.11% | 7.97% | 7.20% | 6.69% | 6.99% | 8.13% | 3.36% | 26.80% | 14.44% | 3.82% | 15.22% |
SOXX iShares Semiconductor ETF | 0.27% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
With a correlation of 0.95, FSELX and SOXX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SOXX has higher volatility (18.28%) compared to FSELX (15.59%). In terms of maximum drawdown, FSELX dropped -82.54% vs SOXX's -70.21%.
SOXX currently has the higher Sharpe Ratio (2.84 vs 2.15), 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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