FSENX vs. ESLT
FSENX (Fidelity Select Energy Portfolio) is Energy Equities fund actively managed by Fidelity, while ESLT (Elbit Systems Ltd) is a stock. Over the past 10 years, FSENX returned 9.51%/yr vs 26.53%/yr for ESLT. At a 0.23 correlation, their price movements are largely independent.
Performance
FSENX vs. ESLT - Performance Comparison
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Returns By Period
In the year-to-date period, FSENX achieves a 32.92% return, which is significantly lower than ESLT's 48.00% return. Over the past 10 years, FSENX has underperformed ESLT with an annualized return of 9.51%, while ESLT has yielded a comparatively higher 26.53% annualized return.
FSENX
- 1D
- -1.07%
- 1M
- -4.06%
- YTD
- 32.92%
- 6M
- 31.47%
- 1Y
- 41.02%
- 3Y*
- 18.51%
- 5Y*
- 21.65%
- 10Y*
- 9.51%
ESLT
- 1D
- -6.48%
- 1M
- 13.87%
- YTD
- 48.00%
- 6M
- 66.16%
- 1Y
- 88.74%
- 3Y*
- 60.86%
- 5Y*
- 46.38%
- 10Y*
- 26.53%
FSENX vs. ESLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSENX Fidelity Select Energy Portfolio | 32.92% | 10.56% | 4.26% | 0.94% | 62.98% | 55.31% | -32.51% | 9.90% | -24.94% | -2.65% |
ESLT Elbit Systems Ltd | 48.00% | 125.14% | 22.17% | 31.30% | -4.82% | 34.77% | -14.56% | 37.62% | -13.22% | 32.65% |
Correlation
The correlation between FSENX and ESLT is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 1996 | 0.23 |
The correlation between FSENX and ESLT shifts across timeframes, from 0.07 (3 years) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSENX vs. ESLT — Risk / Return Rank
FSENX
ESLT
FSENX vs. ESLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Energy Portfolio (FSENX) and Elbit Systems Ltd (ESLT). 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 | ESLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.38 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.48 | 3.83 | +0.65 |
| Martin ratioReturn relative to average drawdown | 12.74 | 10.61 | +2.13 |
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Drawdowns
FSENX vs. ESLT - Drawdown Comparison
The maximum FSENX drawdown since its inception was -76.24%, which is greater than ESLT's maximum drawdown of -53.79%. Use the drawdown chart below to compare losses from any high point for FSENX and ESLT.
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Drawdown Indicators
| FSENX | ESLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.24% | -53.79% | -22.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -25.98% | +16.03% |
Max Drawdown (3Y)Largest decline over 3 years | -25.85% | -25.98% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -28.02% | -32.89% | +4.87% |
Max Drawdown (10Y)Largest decline over 10 years | -72.11% | -32.89% | -39.22% |
Current DrawdownCurrent decline from peak | -6.57% | -15.71% | +9.14% |
Average DrawdownAverage peak-to-trough decline | -17.00% | -13.91% | -3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 9.36% | -5.87% |
Volatility
FSENX vs. ESLT - Volatility Comparison
The current volatility for Fidelity Select Energy Portfolio (FSENX) is 6.56%, while Elbit Systems Ltd (ESLT) has a volatility of 19.89%. This indicates that FSENX experiences smaller price fluctuations and is considered to be less risky than ESLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSENX | ESLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 19.89% | -13.33% |
Volatility (6M)Calculated over the trailing 6-month period | 15.63% | 35.93% | -20.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.77% | 44.11% | -24.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.31% | 33.66% | -6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.93% | 29.42% | +1.51% |
Dividends
FSENX vs. ESLT - Dividend Comparison
FSENX's dividend yield for the trailing twelve months is around 1.61%, more than ESLT's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESLT Elbit Systems Ltd | 0.36% | 0.47% | 0.77% | 0.94% | 1.22% | 1.03% | 1.28% | 1.14% | 1.54% | 1.32% | 1.57% | 1.63% |
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
FSENX and ESLT have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESLT has higher volatility (19.89%) compared to FSENX (6.56%). In terms of maximum drawdown, FSENX dropped -76.24% vs ESLT's -53.79%.
FSENX currently has the higher Sharpe Ratio (2.26 vs 2.26), 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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