FSENX vs. FSTEX

Last updated Jun 4, 2026

FSENX (Fidelity Select Energy Portfolio) and FSTEX (Invesco Energy Fund) are both Energy Equities funds. Over the past 10 years, FSENX returned 9.68%/yr vs 6.99%/yr for FSTEX. Their correlation of 0.94 suggests significant overlap in exposure. FSENX charges 0.77%/yr vs 1.36%/yr for FSTEX.

Performance

FSENX vs. FSTEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Energy Portfolio (FSENX) and Invesco Energy Fund (FSTEX). 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 FSTEX's 31.93% return. Over the past 10 years, FSENX has outperformed FSTEX with an annualized return of 9.68%, while FSTEX has yielded a comparatively lower 6.99% 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%

FSTEX

• 1D: 1.18%
• 1M: -3.08%
• YTD: 31.93%
• 6M: 29.06%
• 1Y: 45.47%
• 3Y*: 19.59%
• 5Y*: 21.23%
• 10Y*: 6.99%

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

FSENX vs. FSTEX - 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%
FSTEX Invesco Energy Fund	31.93%	12.31%	6.00%	0.28%	52.85%	55.99%	-32.13%	4.78%	-26.82%	-8.26%

Correlation

The correlation between FSENX and FSTEX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jan 20, 1984	0.94

The correlation between FSENX and FSTEX has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.

Return for Risk

FSENX vs. FSTEX — 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

FSTEX

FSTEX Risk / Return Rank: 70
FSTEX Sharpe Ratio Rank: 74
FSTEX Sortino Ratio Rank: 55
FSTEX Omega Ratio Rank: 54
FSTEX Calmar Ratio Rank: 89
FSTEX Martin Ratio Rank: 78

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. FSTEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Energy Portfolio (FSENX) and Invesco Energy Fund (FSTEX). 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	FSTEX	Difference
Sharpe ratio: Return per unit of total volatility	2.74	2.50	+0.24
Sortino ratio: Return per unit of downside risk	3.47	3.13	+0.35
Omega ratio: Gain probability vs. loss probability	1.43	1.40	+0.03
Calmar ratio: Return relative to maximum drawdown	5.42	4.59	+0.83
Martin ratio: Return relative to average drawdown	15.96	14.62	+1.34
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. FSTEX - Sharpe Ratio Comparison

The current FSENX Sharpe Ratio is 2.74, which is comparable to the FSTEX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of FSENX and FSTEX, 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	FSTEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.74	2.50	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.85	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	0.24	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.26	+0.06

Drawdowns

FSENX vs. FSTEX - Drawdown Comparison

The maximum FSENX drawdown since its inception was -76.24%, smaller than the maximum FSTEX drawdown of -83.31%. Use the drawdown chart below to compare losses from any high point for FSENX and FSTEX.

Drawdown Indicators

	FSENX	FSTEX	Difference
Max Drawdown Largest peak-to-trough decline	-76.24%	-83.31%	+7.07%
Max Drawdown (1Y) Largest decline over 1 year	-9.95%	-10.30%	+0.35%
Max Drawdown (3Y) Largest decline over 3 years	-25.85%	-18.58%	-7.27%
Max Drawdown (5Y) Largest decline over 5 years	-28.02%	-26.88%	-1.14%
Max Drawdown (10Y) Largest decline over 10 years	-72.11%	-73.41%	+1.30%
Current Drawdown Current decline from peak	-5.09%	-5.51%	+0.42%
Average Drawdown Average peak-to-trough decline	-17.01%	-25.20%	+8.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	3.22%	+0.15%

Volatility

FSENX vs. FSTEX - Volatility Comparison

Fidelity Select Energy Portfolio (FSENX) and Invesco Energy Fund (FSTEX) have volatilities of 7.60% and 7.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSENX	FSTEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.60%	7.70%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	15.35%	15.35%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	19.70%	19.02%	+0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.26%	25.15%	+2.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.96%	29.73%	+1.23%

FSENX vs. FSTEX - Expense Ratio Comparison

FSENX has a 0.77% expense ratio, which is lower than FSTEX's 1.36% expense ratio.

Dividends

FSENX vs. FSTEX - Dividend Comparison

FSENX's dividend yield for the trailing twelve months is around 1.59%, less than FSTEX's 1.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
FSTEX Invesco Energy Fund	1.68%	2.22%	4.03%	2.11%	0.89%	1.80%	2.21%	1.53%	3.05%	2.22%	1.10%	1.58%

Frequently Asked Questions

Can I hold both FSENX and FSTEX in my portfolio?

With a correlation of 0.97, FSENX and FSTEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FSENX or FSTEX?

FSTEX has higher volatility (7.70%) compared to FSENX (7.60%). In terms of maximum drawdown, FSENX dropped -76.24% vs FSTEX's -83.31%.

Which has better risk-adjusted returns?

FSENX currently has the higher Sharpe Ratio (2.74 vs 2.50), 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.