FSENX vs. HDV
FSENX (Fidelity Select Energy Portfolio) and HDV (iShares Core High Dividend ETF) are both funds - FSENX is a Energy Equities fund managed by Fidelity, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Over the past 10 years, FSENX returned 8.95%/yr vs 9.21%/yr for HDV. A 0.65 correlation means they provide meaningful diversification when combined. FSENX charges 0.77%/yr vs 0.08%/yr for HDV.
Performance
FSENX vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, FSENX achieves a 33.31% return, which is significantly higher than HDV's 13.23% return. Both investments have delivered pretty close results over the past 10 years, with FSENX having a 8.95% annualized return and HDV not far ahead at 9.21%.
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%
HDV
- 1D
- -0.44%
- 1M
- 2.01%
- YTD
- 13.23%
- 6M
- 14.65%
- 1Y
- 21.13%
- 3Y*
- 14.75%
- 5Y*
- 10.58%
- 10Y*
- 9.21%
FSENX vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSENX Fidelity Select Energy Portfolio | 33.31% | 10.56% | 4.26% | 0.94% | 62.98% | 55.31% | -32.51% | 9.90% | -24.94% | -2.65% |
HDV iShares Core High Dividend ETF | 13.23% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
Correlation
The correlation between FSENX and HDV is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2011 | 0.65 |
The correlation between FSENX and HDV shifts across timeframes, from 0.49 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSENX vs. HDV — Risk / Return Rank
FSENX
HDV
FSENX vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Energy Portfolio (FSENX) and iShares Core High Dividend ETF (HDV). 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 | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.38 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.31 | 4.10 | +1.22 |
| Martin ratioReturn relative to average drawdown | 15.48 | 11.37 | +4.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSENX | HDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 2.19 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.83 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.59 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.72 | -0.40 |
Drawdowns
FSENX vs. HDV - Drawdown Comparison
The maximum FSENX drawdown since its inception was -76.24%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for FSENX and HDV.
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Drawdown Indicators
| FSENX | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.24% | -37.04% | -39.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -5.18% | -4.77% |
Max Drawdown (3Y)Largest decline over 3 years | -25.85% | -10.49% | -15.36% |
Max Drawdown (5Y)Largest decline over 5 years | -28.02% | -15.42% | -12.60% |
Max Drawdown (10Y)Largest decline over 10 years | -72.11% | -37.04% | -35.07% |
Current DrawdownCurrent decline from peak | -6.29% | -2.08% | -4.21% |
Average DrawdownAverage peak-to-trough decline | -17.01% | -3.09% | -13.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 1.86% | +1.55% |
Volatility
FSENX vs. HDV - Volatility Comparison
Fidelity Select Energy Portfolio (FSENX) has a higher volatility of 7.11% compared to iShares Core High Dividend ETF (HDV) at 3.08%. This indicates that FSENX's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSENX | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 3.08% | +4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.46% | 7.51% | +7.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.72% | 9.71% | +10.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.28% | 12.82% | +14.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.95% | 15.73% | +15.22% |
FSENX vs. HDV - Expense Ratio Comparison
FSENX has a 0.77% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
FSENX vs. HDV - Dividend Comparison
FSENX's dividend yield for the trailing twelve months is around 1.61%, less than HDV's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HDV iShares Core High Dividend ETF | 2.89% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Frequently Asked Questions
FSENX and HDV have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSENX has higher volatility (7.11%) compared to HDV (3.08%). In terms of maximum drawdown, FSENX dropped -76.24% vs HDV's -37.04%.
FSENX currently has the higher Sharpe Ratio (2.68 vs 2.19), 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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