FSENX vs. DODEX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Select Energy Portfolio (FSENX) and Dodge & Cox Emerging Markets Stock Fund (DODEX).

FSENX is managed by Fidelity. It was launched on Jul 14, 1981. DODEX is managed by Dodge & Cox. It was launched on May 10, 2021.

Performance

FSENX vs. DODEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Energy Portfolio (FSENX) and Dodge & Cox Emerging Markets Stock Fund (DODEX). The values are adjusted to include any dividend payments, if applicable.

FSENX vs. DODEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FSENX Fidelity Select Energy Portfolio	39.52%	10.56%	4.26%	0.94%	62.98%	13.81%
DODEX Dodge & Cox Emerging Markets Stock Fund	5.97%	38.64%	7.47%	13.37%	-14.91%	-9.57%

Returns By Period

In the year-to-date period, FSENX achieves a 39.52% return, which is significantly higher than DODEX's 5.97% return.

FSENX

• 1D: -0.72%
• 1M: 7.77%
• YTD: 39.52%
• 6M: 41.43%
• 1Y: 45.11%
• 3Y*: 19.09%
• 5Y*: 25.77%
• 10Y*: 11.34%

DODEX

• 1D: 2.05%
• 1M: -7.66%
• YTD: 5.97%
• 6M: 10.10%
• 1Y: 37.89%
• 3Y*: 19.31%
• 5Y*: —
• 10Y*: —

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

FSENX vs. DODEX - Expense Ratio Comparison

FSENX has a 0.77% expense ratio, which is higher than DODEX's 0.70% expense ratio.

FSENX

Fidelity Select Energy Portfolio

DODEX

Dodge & Cox Emerging Markets Stock Fund

Return for Risk

FSENX vs. DODEX — Risk / Return Rank

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

FSENX

FSENX Risk / Return Rank: 86
FSENX Sharpe Ratio Rank: 90
FSENX Sortino Ratio Rank: 87
FSENX Omega Ratio Rank: 84
FSENX Calmar Ratio Rank: 88
FSENX Martin Ratio Rank: 82

DODEX

DODEX Risk / Return Rank: 95
DODEX Sharpe Ratio Rank: 97
DODEX Sortino Ratio Rank: 94
DODEX Omega Ratio Rank: 94
DODEX Calmar Ratio Rank: 94
DODEX Martin Ratio Rank: 94

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. DODEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Energy Portfolio (FSENX) and Dodge & Cox Emerging Markets Stock Fund (DODEX). 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	DODEX	Difference
Sharpe ratio Return per unit of total volatility	1.89	2.52	-0.64
Sortino ratio Return per unit of downside risk	2.38	3.12	-0.74
Omega ratio Gain probability vs. loss probability	1.35	1.49	-0.13
Calmar ratio Return relative to maximum drawdown	2.38	3.21	-0.83
Martin ratio Return relative to average drawdown	8.35	12.57	-4.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSENX vs. DODEX - Sharpe Ratio Comparison

The current FSENX Sharpe Ratio is 1.89, which is comparable to the DODEX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of FSENX and DODEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FSENX	DODEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.52	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.41	-0.08

Correlation

The correlation between FSENX and DODEX is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FSENX vs. DODEX - Dividend Comparison

FSENX's dividend yield for the trailing twelve months is around 1.39%, less than DODEX's 2.67% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSENX Fidelity Select Energy Portfolio	1.39%	1.95%	1.95%	1.98%	2.50%	2.25%	3.43%	1.84%	1.48%	1.74%	0.62%	1.29%
DODEX Dodge & Cox Emerging Markets Stock Fund	2.67%	2.83%	1.94%	1.92%	1.93%	1.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FSENX vs. DODEX - Drawdown Comparison

The maximum FSENX drawdown since its inception was -76.24%, which is greater than DODEX's maximum drawdown of -37.01%. Use the drawdown chart below to compare losses from any high point for FSENX and DODEX.

Drawdown Indicators

	FSENX	DODEX	Difference
Max Drawdown Largest peak-to-trough decline	-76.24%	-37.01%	-39.23%
Max Drawdown (1Y) Largest decline over 1 year	-19.96%	-11.87%	-8.09%
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	-1.93%	-9.14%	+7.21%
Average Drawdown Average peak-to-trough decline	-17.06%	-13.19%	-3.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.69%	3.03%	+2.66%

Volatility

FSENX vs. DODEX - Volatility Comparison

The current volatility for Fidelity Select Energy Portfolio (FSENX) is 5.04%, while Dodge & Cox Emerging Markets Stock Fund (DODEX) has a volatility of 7.57%. This indicates that FSENX experiences smaller price fluctuations and is considered to be less risky than DODEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSENX	DODEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	7.57%	-2.53%
Volatility (6M) Calculated over the trailing 6-month period	13.46%	11.11%	+2.35%
Volatility (1Y) Calculated over the trailing 1-year period	24.64%	15.66%	+8.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.41%	16.74%	+10.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.99%	16.74%	+14.25%