FSENX vs. DRAM

Last updated Jun 9, 2026

FSENX (Fidelity Select Energy Portfolio) and DRAM (Roundhill Memory ETF) are both funds - FSENX is a Energy Equities fund managed by Fidelity, while DRAM is a Technology Equities fund actively managed by Roundhill. At a correlation of -0.19, they often move in opposite directions. FSENX charges 0.77%/yr vs 0.65%/yr for DRAM.

Performance

FSENX vs. DRAM - Performance Comparison

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

Returns By Period

FSENX

• 1D: -2.51%
• 1M: 2.35%
• YTD: 33.31%
• 6M: 32.07%
• 1Y: 49.59%
• 3Y*: 18.77%
• 5Y*: 21.62%
• 10Y*: 8.95%

DRAM

• 1D: 8.48%
• 1M: 14.62%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSENX vs. DRAM - Yearly Performance Comparison

	2026 (YTD)
FSENX Fidelity Select Energy Portfolio	-1.38%
DRAM Roundhill Memory ETF	124.15%

Correlation

The correlation between FSENX and DRAM is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026	-0.19

Return for Risk

FSENX vs. DRAM — Risk / Return Rank

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

FSENX

FSENX Risk / Return Rank: 80
FSENX Sharpe Ratio Rank: 85
FSENX Sortino Ratio Rank: 71
FSENX Omega Ratio Rank: 64
FSENX Calmar Ratio Rank: 94
FSENX Martin Ratio Rank: 85

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. DRAM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Energy Portfolio (FSENX) and Roundhill Memory ETF (DRAM). 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	DRAM	Difference
Sharpe ratio: Return per unit of total volatility	2.68	—	—
Sortino ratio: Return per unit of downside risk	3.40	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	5.31	—	—
Martin ratio: Return relative to average drawdown	15.48	—	—
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	DRAM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	91.43	-91.11

Drawdowns

FSENX vs. DRAM - Drawdown Comparison

The maximum FSENX drawdown since its inception was -76.24%, which is greater than DRAM's maximum drawdown of -19.97%. Use the drawdown chart below to compare losses from any high point for FSENX and DRAM.

Drawdown Indicators

	FSENX	DRAM	Difference
Max Drawdown Largest peak-to-trough decline	-76.24%	-19.97%	-56.27%
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	-6.29%	-13.18%	+6.89%
Average Drawdown Average peak-to-trough decline	-17.01%	-2.40%	-14.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	—	—

Volatility

Volatility by Period

	FSENX	DRAM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.72%	85.85%	-66.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.28%	85.85%	-58.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.95%	85.85%	-54.90%

FSENX vs. DRAM - Expense Ratio Comparison

FSENX has a 0.77% expense ratio, which is higher than DRAM's 0.65% expense ratio.

Dividends

FSENX vs. DRAM - Dividend Comparison

FSENX's dividend yield for the trailing twelve months is around 1.61%, while DRAM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRAM Roundhill Memory ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FSENX Fidelity Select Energy Portfolio	1.61%	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 DRAM in my portfolio?

FSENX and DRAM have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.