FSENX vs. BND

Last updated Jul 31, 2026

FSENX (Fidelity Select Energy Portfolio) and BND (Vanguard Total Bond Market ETF) are both funds - FSENX is a Energy Equities fund actively managed by Fidelity, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. FSENX is actively managed, while BND is passively managed. Over the past 10 years, FSENX returned 9.81%/yr vs 1.38%/yr for BND. Their -0.20 correlation means they have often moved in opposite directions in the past. FSENX charges 0.77%/yr vs 0.03%/yr for BND.

Performance

FSENX vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Energy Portfolio (FSENX) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSENX achieves a 37.55% return, which is significantly higher than BND's -0.28% return. Over the past 10 years, FSENX has outperformed BND with an annualized return of 9.81%, while BND has yielded a comparatively lower 1.38% annualized return.

FSENX

• 1D: 1.59%
• 1M: 9.38%
• 6M: 20.24%
• YTD: 37.55%
• 1Y: 44.60%
• 3Y*: 16.25%
• 5Y*: 25.29%
• 10Y*: 9.81%
• ALL TIME*: 8.25%

BND

• 1D: 0.06%
• 1M: -1.02%
• 6M: -0.53%
• YTD: -0.28%
• 1Y: 2.92%
• 3Y*: 3.79%
• 5Y*: -0.37%
• 10Y*: 1.38%
• ALL TIME*: 3.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BND Vanguard Total Bond Market ETF	$447.57M	$557.69M	$594.86M
FSENX Fidelity Select Energy Portfolio	$0.00	$0.00	$0.00

FSENX vs. BND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSENX Fidelity Select Energy Portfolio	37.55%	10.56%	4.26%	0.94%	62.98%	55.31%	-32.51%	9.90%	-24.94%	-2.65%
BND Vanguard Total Bond Market ETF	-0.28%	7.08%	1.38%	5.65%	-13.11%	-1.86%	7.71%	8.84%	-0.12%	3.57%

Correlation

The correlation between FSENX and BND is -0.28, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.28
Correlation (3Y) Balances recent behavior with more history.	-0.09
Correlation (5Y) Shows whether the relationship held over a longer period.	-0.09
Correlation (10Y) Provides a long-term view across more market conditions.	-0.14
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007	-0.20

The correlation between FSENX and BND shifts across timeframes, from -0.28 (1 year) to -0.09 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FSENX vs. BND — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FSENX

FSENX Risk / Return Rank: 82
FSENX Sharpe Ratio Rank: 86
FSENX Sortino Ratio Rank: 79
FSENX Omega Ratio Rank: 76
FSENX Calmar Ratio Rank: 91
FSENX Martin Ratio Rank: 77

BND

BND Risk / Return Rank: 32
BND Sharpe Ratio Rank: 33
BND Sortino Ratio Rank: 32
BND Omega Ratio Rank: 30
BND Calmar Ratio Rank: 34
BND Martin Ratio Rank: 31

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FSENX vs. BND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Energy Portfolio (FSENX) and Vanguard Total Bond Market ETF (BND). 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.

	FSENX	BND	Difference
Sharpe ratio: Return per unit of total volatility	2.14	0.79	+1.35
Sortino ratio: Return per unit of downside risk	2.78	1.17	+1.61
Omega ratio: Gain probability vs. loss probability	1.35	1.14	+0.21
Calmar ratio: Return relative to maximum drawdown	3.53	1.10	+2.44
Martin ratio: Return relative to average drawdown	9.62	2.77	+6.85

FSENX vs. BND - Sharpe Ratio Comparison

The current FSENX Sharpe Ratio is 2.14, which is higher than the BND Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of FSENX and BND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FSENX vs. BND - Drawdown Comparison

The maximum FSENX drawdown since its inception was -76.24%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for FSENX and BND.

Drawdown Indicators

	FSENX	BND	Difference
Max Drawdown Largest peak-to-trough decline	-76.24%	-18.58%	-57.66%
Max Drawdown (1Y) Largest decline over 1 year	-12.22%	-2.68%	-9.54%
Max Drawdown (3Y) Largest decline over 3 years	-25.85%	-4.81%	-21.04%
Max Drawdown (5Y) Largest decline over 5 years	-28.02%	-17.91%	-10.11%
Max Drawdown (10Y) Largest decline over 10 years	-72.11%	-18.58%	-53.53%
Current Drawdown Current decline from peak	-3.32%	-2.90%	-0.42%
Average Drawdown Average peak-to-trough decline	-16.98%	-3.06%	-13.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.53%	1.06%	+3.47%

Volatility

FSENX vs. BND - Volatility Comparison

Fidelity Select Energy Portfolio (FSENX) has a higher volatility of 5.88% compared to Vanguard Total Bond Market ETF (BND) at 0.96%. This indicates that FSENX's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSENX	BND	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.88%	0.96%	+4.92%
Volatility (6M) Calculated over the trailing 6-month period	15.85%	2.88%	+12.97%
Volatility (1Y) Calculated over the trailing 1-year period	20.17%	3.70%	+16.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.01%	6.03%	+20.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.84%	5.53%	+25.31%

FSENX vs. BND - Expense Ratio Comparison

FSENX has a 0.77% expense ratio, which is higher than BND's 0.03% expense ratio.

Dividends

FSENX vs. BND - Dividend Comparison

FSENX's dividend yield for the trailing twelve months is around 1.56%, less than BND's 4.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BND Vanguard Total Bond Market ETF	4.01%	3.86%	3.67%	3.09%	2.60%	2.12%	2.38%	2.72%	2.81%	2.54%	2.51%	2.57%
FSENX Fidelity Select Energy Portfolio	1.56%	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 BND in my portfolio?

FSENX and BND have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSENX or BND?

FSENX has higher volatility (5.88%) compared to BND (0.96%). In terms of maximum drawdown, FSENX dropped -76.24% vs BND's -18.58%.

Which has better risk-adjusted returns?

FSENX currently has the higher Sharpe Ratio (2.14 vs 0.79), 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.