FSENX vs. FADMX
FSENX (Fidelity Select Energy Portfolio) and FADMX (Fidelity Strategic Income Fund) are both mutual funds - FSENX is a Energy Equities fund actively managed by Fidelity, while FADMX is a Multisector Bonds fund managed by Fidelity. Over the past 5 years, FSENX returned 25.53%/yr vs 2.91%/yr for FADMX. Their 0.18 correlation means their historical movements had little consistent relationship. FSENX charges 0.77%/yr vs 0.64%/yr for FADMX.
Performance
FSENX vs. FADMX - Performance Comparison
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Returns By Period
In the year-to-date period, FSENX achieves a 37.97% return, which is significantly higher than FADMX's 2.94% return.
FSENX
- 1D
- -0.53%
- 1M
- 9.96%
- 6M
- 16.62%
- YTD
- 37.97%
- 1Y
- 48.18%
- 3Y*
- 15.71%
- 5Y*
- 25.53%
- 10Y*
- 9.61%
- ALL TIME*
- 8.26%
FADMX
- 1D
- 0.41%
- 1M
- -0.25%
- 6M
- 2.60%
- YTD
- 2.94%
- 1Y
- 6.46%
- 3Y*
- 7.81%
- 5Y*
- 2.91%
- 10Y*
- —
- ALL TIME*
- 3.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSENX vs. FADMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FSENX Fidelity Select Energy Portfolio | 37.97% | 10.56% | 4.26% | 0.94% | 62.98% | 55.31% | -32.51% | 9.90% | -28.28% |
FADMX Fidelity Strategic Income Fund | 2.94% | 9.01% | 6.02% | 9.55% | -11.84% | 3.46% | 6.72% | 11.06% | -2.02% |
Correlation
The correlation between FSENX and FADMX is -0.20, 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. | -0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2018 | 0.18 |
The correlation between FSENX and FADMX shifts across timeframes, from -0.20 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSENX vs. FADMX — Risk / Return Rank
FSENX
FADMX
FSENX vs. FADMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Energy Portfolio (FSENX) and Fidelity Strategic Income Fund (FADMX). 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 | FADMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.33 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 2.48 | +1.52 |
| Martin ratioReturn relative to average drawdown | 11.01 | 9.36 | +1.65 |
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Drawdowns
FSENX vs. FADMX - Drawdown Comparison
The maximum FSENX drawdown since its inception was -76.24%, which is greater than FADMX's maximum drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for FSENX and FADMX.
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Drawdown Indicators
| FSENX | FADMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.24% | -15.98% | -60.26% |
Max Drawdown (1Y)Largest decline over 1 year | -12.22% | -2.62% | -9.60% |
Max Drawdown (3Y)Largest decline over 3 years | -25.85% | -3.63% | -22.22% |
Max Drawdown (5Y)Largest decline over 5 years | -28.02% | -15.98% | -12.04% |
Max Drawdown (10Y)Largest decline over 10 years | -72.11% | — | — |
Current DrawdownCurrent decline from peak | -3.02% | -0.57% | -2.45% |
Average DrawdownAverage peak-to-trough decline | -16.97% | -3.01% | -13.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 0.69% | +3.75% |
Volatility
FSENX vs. FADMX - Volatility Comparison
Fidelity Select Energy Portfolio (FSENX) has a higher volatility of 5.99% compared to Fidelity Strategic Income Fund (FADMX) at 1.19%. This indicates that FSENX's price experiences larger fluctuations and is considered to be riskier than FADMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSENX | FADMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 1.19% | +4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 15.80% | 3.29% | +12.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.06% | 3.80% | +16.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.96% | 4.58% | +22.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.81% | 4.76% | +26.05% |
FSENX vs. FADMX - Expense Ratio Comparison
FSENX has a 0.77% expense ratio, which is higher than FADMX's 0.64% expense ratio.
Dividends
FSENX vs. FADMX - Dividend Comparison
FSENX's dividend yield for the trailing twelve months is around 1.55%, less than FADMX's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | 4.33% | 4.33% | 4.16% | 4.31% | 2.91% | 4.23% | 3.82% | 4.34% | 2.74% | 0.00% | 0.00% | 0.00% |
FSENX Fidelity Select Energy Portfolio | 1.55% | 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 FADMX have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSENX has higher volatility (5.99%) compared to FADMX (1.19%). In terms of maximum drawdown, FSENX dropped -76.24% vs FADMX's -15.98%.
FSENX currently has the higher Sharpe Ratio (2.44 vs 1.71), 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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