FSENX vs. FLDGX

Last updated Jun 4, 2026

FSENX (Fidelity Select Energy Portfolio) and FLDGX (Meeder Dynamic Allocation Fund) are both mutual funds - FSENX is a Energy Equities fund managed by Fidelity, while FLDGX is a Diversified Portfolio fund managed by Meeder Funds. Over the past 10 years, FSENX returned 9.68%/yr vs 13.43%/yr for FLDGX. A 0.59 correlation means they provide meaningful diversification when combined. FSENX charges 0.77%/yr vs 1.32%/yr for FLDGX.

Performance

FSENX vs. FLDGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Energy Portfolio (FSENX) and Meeder Dynamic Allocation Fund (FLDGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSENX achieves a 35.02% return, which is significantly higher than FLDGX's 12.36% return. Over the past 10 years, FSENX has underperformed FLDGX with an annualized return of 9.68%, while FLDGX has yielded a comparatively higher 13.43% annualized return.

FSENX

• 1D: 1.38%
• 1M: -2.65%
• YTD: 35.02%
• 6M: 31.99%
• 1Y: 51.42%
• 3Y*: 19.21%
• 5Y*: 22.08%
• 10Y*: 9.68%

FLDGX

• 1D: 0.30%
• 1M: 5.11%
• YTD: 12.36%
• 6M: 12.95%
• 1Y: 27.10%
• 3Y*: 24.06%
• 5Y*: 13.65%
• 10Y*: 13.43%

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

FSENX vs. FLDGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSENX Fidelity Select Energy Portfolio	35.02%	10.56%	4.26%	0.94%	62.98%	55.31%	-32.51%	9.90%	-24.94%	-2.65%
FLDGX Meeder Dynamic Allocation Fund	12.36%	17.24%	30.96%	20.70%	-15.46%	19.51%	15.41%	24.00%	-8.65%	21.22%

Correlation

The correlation between FSENX and FLDGX is -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Feb 29, 2000	0.59

The correlation between FSENX and FLDGX shifts across timeframes, from -0.02 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FSENX vs. FLDGX — Risk / Return Rank

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

FSENX

FSENX Risk / Return Rank: 79
FSENX Sharpe Ratio Rank: 85
FSENX Sortino Ratio Rank: 70
FSENX Omega Ratio Rank: 61
FSENX Calmar Ratio Rank: 94
FSENX Martin Ratio Rank: 84

FLDGX

FLDGX Risk / Return Rank: 62
FLDGX Sharpe Ratio Rank: 61
FLDGX Sortino Ratio Rank: 59
FLDGX Omega Ratio Rank: 57
FLDGX Calmar Ratio Rank: 61
FLDGX Martin Ratio Rank: 72

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. FLDGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Energy Portfolio (FSENX) and Meeder Dynamic Allocation Fund (FLDGX). 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	FLDGX	Difference
Sharpe ratio Return per unit of total volatility	2.74	2.30	+0.44
Sortino ratio Return per unit of downside risk	3.47	3.23	+0.25
Omega ratio Gain probability vs. loss probability	1.43	1.42	+0.02
Calmar ratio Return relative to maximum drawdown	5.42	3.00	+2.42
Martin ratio Return relative to average drawdown	15.96	13.68	+2.28
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. FLDGX - Sharpe Ratio Comparison

The current FSENX Sharpe Ratio is 2.74, which is comparable to the FLDGX Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of FSENX and FLDGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FSENX	FLDGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.74	2.30	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.72	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	0.73	-0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.32	0.00

Drawdowns

FSENX vs. FLDGX - Drawdown Comparison

The maximum FSENX drawdown since its inception was -76.24%, which is greater than FLDGX's maximum drawdown of -58.72%. Use the drawdown chart below to compare losses from any high point for FSENX and FLDGX.

Drawdown Indicators

	FSENX	FLDGX	Difference
Max Drawdown Largest peak-to-trough decline	-76.24%	-58.72%	-17.52%
Max Drawdown (1Y) Largest decline over 1 year	-9.95%	-9.17%	-0.78%
Max Drawdown (3Y) Largest decline over 3 years	-25.85%	-16.64%	-9.21%
Max Drawdown (5Y) Largest decline over 5 years	-28.02%	-33.96%	+5.94%
Max Drawdown (10Y) Largest decline over 10 years	-72.11%	-33.96%	-38.15%
Current Drawdown Current decline from peak	-5.09%	0.00%	-5.09%
Average Drawdown Average peak-to-trough decline	-17.01%	-16.83%	-0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	2.01%	+1.36%

Volatility

FSENX vs. FLDGX - Volatility Comparison

Fidelity Select Energy Portfolio (FSENX) has a higher volatility of 7.60% compared to Meeder Dynamic Allocation Fund (FLDGX) at 3.34%. This indicates that FSENX's price experiences larger fluctuations and is considered to be riskier than FLDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSENX	FLDGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.60%	3.34%	+4.26%
Volatility (6M) Calculated over the trailing 6-month period	15.35%	9.37%	+5.98%
Volatility (1Y) Calculated over the trailing 1-year period	19.70%	11.96%	+7.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.26%	18.93%	+8.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.96%	18.50%	+12.46%

FSENX vs. FLDGX - Expense Ratio Comparison

FSENX has a 0.77% expense ratio, which is lower than FLDGX's 1.32% expense ratio.

Dividends

FSENX vs. FLDGX - Dividend Comparison

FSENX's dividend yield for the trailing twelve months is around 1.59%, less than FLDGX's 6.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLDGX Meeder Dynamic Allocation Fund	6.72%	7.53%	29.01%	0.99%	3.71%	14.92%	2.21%	2.21%	1.30%	8.48%	1.44%	3.39%
FSENX Fidelity Select Energy Portfolio	1.59%	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 FLDGX in my portfolio?

FSENX and FLDGX have a correlation of -0.02, 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 FLDGX?

FSENX has higher volatility (7.60%) compared to FLDGX (3.34%). In terms of maximum drawdown, FSENX dropped -76.24% vs FLDGX's -58.72%.

Which has better risk-adjusted returns?

FSENX currently has the higher Sharpe Ratio (2.74 vs 2.30), 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.