FSENX vs. AMNA

Last updated Jun 4, 2026

FSENX (Fidelity Select Energy Portfolio) and AMNA (ETRACS Alerian Midstream Energy Index ETN) are both funds - FSENX is a Energy Equities fund managed by Fidelity, while AMNA is a MLPs fund tracking the Alerian Midstream Energy Select Index. A 0.72 correlation means they provide meaningful diversification when combined. FSENX charges 0.77%/yr vs 0.75%/yr for AMNA.

Performance

FSENX vs. AMNA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Energy Portfolio (FSENX) and ETRACS Alerian Midstream Energy Index ETN (AMNA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FSENX

• 1D: 1.38%
• 1M: -2.65%
• YTD: 35.02%
• 6M: 31.99%
• 1Y: 51.42%
• 3Y*: 19.21%
• 5Y*: 22.08%
• 10Y*: 9.68%

AMNA

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSENX vs. AMNA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FSENX Fidelity Select Energy Portfolio	35.02%	10.56%	4.26%	0.94%	62.98%	55.31%	4.56%
AMNA ETRACS Alerian Midstream Energy Index ETN	0.00%	0.00%	44.30%	12.50%	20.41%	36.44%	2.88%

Correlation

The correlation between FSENX and AMNA is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jun 23, 2020	0.72

The correlation between FSENX and AMNA shifts across timeframes, from 0.43 (3 years) to 0.72 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FSENX vs. AMNA — Risk / Return Rank

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

FSENX

FSENX Risk / Return Rank: 79
FSENX Sharpe Ratio Rank: 85
FSENX Sortino Ratio Rank: 70
FSENX Omega Ratio Rank: 61
FSENX Calmar Ratio Rank: 94
FSENX Martin Ratio Rank: 84

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.

FSENX vs. AMNA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Energy Portfolio (FSENX) and ETRACS Alerian Midstream Energy Index ETN (AMNA). 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.

	FSENX	AMNA	Difference
Sharpe ratio Return per unit of total volatility	2.74	—	—
Sortino ratio Return per unit of downside risk	3.47	—	—
Omega ratio Gain probability vs. loss probability	1.43	—	—
Calmar ratio Return relative to maximum drawdown	5.42	—	—
Martin ratio Return relative to average drawdown	15.96	—	—
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

	FSENX	AMNA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.74	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	—	—

Drawdowns

Drawdown Indicators

	FSENX	AMNA	Difference
Max Drawdown Largest peak-to-trough decline	-76.24%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.95%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-72.11%	—	—
Current Drawdown Current decline from peak	-5.09%	—	—
Average Drawdown Average peak-to-trough decline	-17.01%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	—	—

Volatility

Volatility by Period

	FSENX	AMNA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.70%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.26%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.96%	—	—

FSENX vs. AMNA - Expense Ratio Comparison

FSENX has a 0.77% expense ratio, which is higher than AMNA's 0.75% expense ratio.

Dividends

FSENX vs. AMNA - Dividend Comparison

FSENX's dividend yield for the trailing twelve months is around 1.59%, while AMNA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMNA ETRACS Alerian Midstream Energy Index ETN	0.00%	0.00%	4.32%	5.61%	5.48%	5.84%	2.12%	0.00%	0.00%	0.00%	0.00%	0.00%
FSENX Fidelity Select Energy Portfolio	1.59%	1.95%	1.95%	1.98%	2.50%	2.25%	3.43%	1.84%	1.48%	1.74%	0.62%	1.29%

Frequently Asked Questions

Can I hold both FSENX and AMNA in my portfolio?

FSENX and AMNA have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.