FSENX vs. TCAI

Last updated Jun 9, 2026

FSENX (Fidelity Select Energy Portfolio) and TCAI (Tortoise AI Infrastructure ETF) are both funds - FSENX is a Energy Equities fund managed by Fidelity, while TCAI is a Technology Equities fund actively managed by Tortoise. At a 0.05 correlation, their price movements are largely independent. FSENX charges 0.77%/yr vs 0.65%/yr for TCAI.

Performance

FSENX vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Energy Portfolio (FSENX) and Tortoise AI Infrastructure ETF (TCAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSENX achieves a 33.31% return, which is significantly lower than TCAI's 74.50% return.

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%

TCAI

• 1D: 1.87%
• 1M: 6.30%
• YTD: 74.50%
• 6M: 65.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSENX vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
FSENX Fidelity Select Energy Portfolio	33.31%	7.77%
TCAI Tortoise AI Infrastructure ETF	74.50%	17.27%

Correlation

The correlation between FSENX and TCAI is 0.05, 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 (All Time) Calculated using the full available price history since Aug 5, 2025	0.05

Return for Risk

FSENX vs. TCAI — Risk / Return Rank

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

FSENX

FSENX Risk / Return Rank: 80
FSENX Sharpe Ratio Rank: 85
FSENX Sortino Ratio Rank: 71
FSENX Omega Ratio Rank: 64
FSENX Calmar Ratio Rank: 94
FSENX Martin Ratio Rank: 85

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. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Energy Portfolio (FSENX) and Tortoise AI Infrastructure ETF (TCAI). 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	TCAI	Difference
Sharpe ratio: Return per unit of total volatility	2.68	—	—
Sortino ratio: Return per unit of downside risk	3.40	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	5.31	—	—
Martin ratio: Return relative to average drawdown	15.48	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FSENX	TCAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	3.72	-3.40

Drawdowns

FSENX vs. TCAI - Drawdown Comparison

The maximum FSENX drawdown since its inception was -76.24%, which is greater than TCAI's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for FSENX and TCAI.

Drawdown Indicators

	FSENX	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-76.24%	-15.80%	-60.44%
Max Drawdown (1Y) Largest decline over 1 year	-9.95%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-72.11%	—	—
Current Drawdown Current decline from peak	-6.29%	-8.22%	+1.93%
Average Drawdown Average peak-to-trough decline	-17.01%	-3.48%	-13.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	—	—

Volatility

Volatility by Period

	FSENX	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.72%	36.74%	-17.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.28%	36.74%	-9.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.95%	36.74%	-5.79%

FSENX vs. TCAI - Expense Ratio Comparison

FSENX has a 0.77% expense ratio, which is higher than TCAI's 0.65% expense ratio.

Dividends

FSENX vs. TCAI - Dividend Comparison

FSENX's dividend yield for the trailing twelve months is around 1.61%, more than TCAI's 0.03% 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%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FSENX and TCAI in my portfolio?

FSENX and TCAI have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.