FSELX vs. VITAX
FSELX (Fidelity Select Semiconductors Portfolio) and VITAX (Vanguard Information Technology Index Fund Admiral Shares) are both mutual funds - FSELX is a Semiconductors fund managed by Fidelity, while VITAX is a Technology Equities fund tracking the MSCI US Investable Market Information Technology 25/50 Index. Over the past 10 years, FSELX returned 39.28%/yr vs 25.78%/yr for VITAX. Their correlation of 0.88 suggests significant overlap in exposure. FSELX charges 0.68%/yr vs 0.09%/yr for VITAX.
Performance
FSELX vs. VITAX - Performance Comparison
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Returns By Period
In the year-to-date period, FSELX achieves a 86.42% return, which is significantly higher than VITAX's 31.69% return. Over the past 10 years, FSELX has outperformed VITAX with an annualized return of 39.28%, while VITAX has yielded a comparatively lower 25.78% annualized return.
FSELX
- 1D
- 0.46%
- 1M
- 23.91%
- YTD
- 86.42%
- 6M
- 84.56%
- 1Y
- 162.37%
- 3Y*
- 69.11%
- 5Y*
- 46.37%
- 10Y*
- 39.28%
VITAX
- 1D
- -1.47%
- 1M
- 15.99%
- YTD
- 31.69%
- 6M
- 29.88%
- 1Y
- 59.67%
- 3Y*
- 33.49%
- 5Y*
- 22.22%
- 10Y*
- 25.78%
FSELX vs. VITAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSELX Fidelity Select Semiconductors Portfolio | 86.42% | 52.17% | 49.68% | 78.49% | -35.27% | 59.16% | 44.33% | 64.50% | -12.01% | 34.51% |
VITAX Vanguard Information Technology Index Fund Admiral Shares | 31.69% | 21.78% | 29.26% | 52.69% | -29.67% | 30.36% | 45.93% | 48.72% | 2.51% | 37.07% |
Correlation
The correlation between FSELX and VITAX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2004 | 0.88 |
The correlation between FSELX and VITAX has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
FSELX vs. VITAX — Risk / Return Rank
FSELX
VITAX
FSELX vs. VITAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Semiconductors Portfolio (FSELX) and Vanguard Information Technology Index Fund Admiral Shares (VITAX). 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 | VITAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.47 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 11.73 | 3.69 | +8.04 |
| Martin ratioReturn relative to average drawdown | 45.05 | 11.77 | +33.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSELX | VITAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.17 | 2.93 | +2.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 0.88 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.12 | 1.04 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.67 | -0.12 |
Drawdowns
FSELX vs. VITAX - Drawdown Comparison
The maximum FSELX drawdown since its inception was -82.54%, which is greater than VITAX's maximum drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for FSELX and VITAX.
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Drawdown Indicators
| FSELX | VITAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.54% | -54.81% | -27.73% |
Max Drawdown (1Y)Largest decline over 1 year | -14.38% | -16.38% | +2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -36.31% | -27.38% | -8.93% |
Max Drawdown (5Y)Largest decline over 5 years | -46.37% | -35.10% | -11.27% |
Max Drawdown (10Y)Largest decline over 10 years | -46.37% | -35.10% | -11.27% |
Current DrawdownCurrent decline from peak | 0.00% | -1.47% | +1.47% |
Average DrawdownAverage peak-to-trough decline | -28.70% | -8.02% | -20.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 5.13% | -1.39% |
Volatility
FSELX vs. VITAX - Volatility Comparison
Fidelity Select Semiconductors Portfolio (FSELX) has a higher volatility of 11.98% compared to Vanguard Information Technology Index Fund Admiral Shares (VITAX) at 6.42%. This indicates that FSELX's price experiences larger fluctuations and is considered to be riskier than VITAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSELX | VITAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.98% | 6.42% | +5.56% |
Volatility (6M)Calculated over the trailing 6-month period | 25.42% | 16.18% | +9.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.72% | 20.67% | +12.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.96% | 25.39% | +13.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.06% | 24.84% | +10.22% |
FSELX vs. VITAX - Expense Ratio Comparison
FSELX has a 0.68% expense ratio, which is higher than VITAX's 0.09% expense ratio.
Dividends
FSELX vs. VITAX - Dividend Comparison
FSELX's dividend yield for the trailing twelve months is around 8.79%, more than VITAX's 0.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSELX Fidelity Select Semiconductors Portfolio | 8.79% | 11.11% | 7.97% | 7.20% | 6.69% | 6.99% | 8.13% | 3.36% | 26.80% | 14.44% | 3.82% | 15.22% |
VITAX Vanguard Information Technology Index Fund Admiral Shares | 0.31% | 0.40% | 0.60% | 0.65% | 0.91% | 0.63% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
Frequently Asked Questions
FSELX and VITAX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSELX has higher volatility (11.98%) compared to VITAX (6.42%). In terms of maximum drawdown, FSELX dropped -82.54% vs VITAX's -54.81%.
FSELX currently has the higher Sharpe Ratio (5.17 vs 2.93), 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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