FSELX vs. TCAI

Last updated Jun 9, 2026

FSELX (Fidelity Select Semiconductors Portfolio) and TCAI (Tortoise AI Infrastructure ETF) are both funds - FSELX is a Semiconductors fund managed by Fidelity, while TCAI is a Technology Equities fund actively managed by Tortoise. Their correlation of 0.80 suggests significant overlap in exposure. FSELX charges 0.68%/yr vs 0.65%/yr for TCAI.

Performance

FSELX vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Semiconductors Portfolio (FSELX) and Tortoise AI Infrastructure ETF (TCAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSELX achieves a 66.12% return, which is significantly lower than TCAI's 74.50% return.

FSELX

• 1D: -9.27%
• 1M: 5.76%
• YTD: 66.12%
• 6M: 60.36%
• 1Y: 135.04%
• 3Y*: 63.14%
• 5Y*: 43.03%
• 10Y*: 37.56%

TCAI

• 1D: 1.87%
• 1M: 6.30%
• YTD: 74.50%
• 6M: 65.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSELX vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
FSELX Fidelity Select Semiconductors Portfolio	66.12%	21.51%
TCAI Tortoise AI Infrastructure ETF	74.50%	17.27%

Correlation

The correlation between FSELX and TCAI is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.80

Return for Risk

FSELX vs. TCAI — Risk / Return Rank

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

FSELX

FSELX Risk / Return Rank: 93
FSELX Sharpe Ratio Rank: 99
FSELX Sortino Ratio Rank: 87
FSELX Omega Ratio Rank: 85
FSELX Calmar Ratio Rank: 98
FSELX Martin Ratio Rank: 98

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. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Semiconductors Portfolio (FSELX) and Tortoise AI Infrastructure ETF (TCAI). 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	TCAI	Difference
Sharpe ratio: Return per unit of total volatility	4.00	—	—
Sortino ratio: Return per unit of downside risk	4.09	—	—
Omega ratio: Gain probability vs. loss probability	1.57	—	—
Calmar ratio: Return relative to maximum drawdown	9.48	—	—
Martin ratio: Return relative to average drawdown	35.79	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FSELX	TCAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.00	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.10	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	3.72	-3.19

Drawdowns

FSELX vs. TCAI - Drawdown Comparison

The maximum FSELX drawdown since its inception was -82.54%, which is greater than TCAI's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for FSELX and TCAI.

Drawdown Indicators

	FSELX	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-82.54%	-15.80%	-66.74%
Max Drawdown (1Y) Largest decline over 1 year	-14.38%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-36.31%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-46.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.37%	—	—
Current Drawdown Current decline from peak	-10.89%	-8.22%	-2.67%
Average Drawdown Average peak-to-trough decline	-28.69%	-3.48%	-25.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	—	—

Volatility

Volatility by Period

	FSELX	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.95%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	34.06%	36.74%	-2.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.17%	36.74%	+2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.18%	36.74%	-1.56%

FSELX vs. TCAI - Expense Ratio Comparison

FSELX has a 0.68% expense ratio, which is higher than TCAI's 0.65% expense ratio.

Dividends

FSELX vs. TCAI - Dividend Comparison

FSELX's dividend yield for the trailing twelve months is around 9.86%, more than TCAI's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSELX Fidelity Select Semiconductors Portfolio	9.86%	11.11%	7.97%	7.20%	6.69%	6.99%	8.13%	3.36%	26.80%	14.44%	3.82%	15.22%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FSELX and TCAI in my portfolio?

FSELX and TCAI have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.