FSHOX vs. USLUX

Last updated Jun 3, 2026

FSHOX (Fidelity Select Construction & Housing Portfolio) and USLUX (U.S. Global Investors Global Luxury Goods Fund) are both Consumer Discretionary Equities funds. Over the past 10 years, FSHOX returned 14.43%/yr vs 9.86%/yr for USLUX. A 0.70 correlation means they provide meaningful diversification when combined. FSHOX charges 0.76%/yr vs 1.55%/yr for USLUX.

Performance

FSHOX vs. USLUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Construction & Housing Portfolio (FSHOX) and U.S. Global Investors Global Luxury Goods Fund (USLUX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSHOX achieves a 3.65% return, which is significantly higher than USLUX's -4.45% return. Over the past 10 years, FSHOX has outperformed USLUX with an annualized return of 14.43%, while USLUX has yielded a comparatively lower 9.86% annualized return.

FSHOX

• 1D: -1.31%
• 1M: -4.54%
• YTD: 3.65%
• 6M: 1.87%
• 1Y: 11.10%
• 3Y*: 14.59%
• 5Y*: 9.65%
• 10Y*: 14.43%

USLUX

• 1D: -0.57%
• 1M: 3.89%
• YTD: -4.45%
• 6M: -0.30%
• 1Y: 6.10%
• 3Y*: 10.00%
• 5Y*: 5.84%
• 10Y*: 9.86%

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

FSHOX vs. USLUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSHOX Fidelity Select Construction & Housing Portfolio	3.65%	5.24%	15.28%	30.85%	-22.76%	57.51%	25.95%	41.15%	-15.87%	26.25%
USLUX U.S. Global Investors Global Luxury Goods Fund	-4.45%	17.87%	14.26%	23.79%	-23.91%	25.14%	20.76%	13.72%	-8.30%	19.19%

Correlation

The correlation between FSHOX and USLUX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jun 21, 1996	0.70

The correlation between FSHOX and USLUX has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.

Return for Risk

FSHOX vs. USLUX — Risk / Return Rank

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

FSHOX

FSHOX Risk / Return Rank: 6
FSHOX Sharpe Ratio Rank: 6
FSHOX Sortino Ratio Rank: 7
FSHOX Omega Ratio Rank: 6
FSHOX Calmar Ratio Rank: 6
FSHOX Martin Ratio Rank: 6

USLUX

USLUX Risk / Return Rank: 5
USLUX Sharpe Ratio Rank: 5
USLUX Sortino Ratio Rank: 5
USLUX Omega Ratio Rank: 5
USLUX Calmar Ratio Rank: 5
USLUX Martin Ratio Rank: 5

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.

FSHOX vs. USLUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Construction & Housing Portfolio (FSHOX) and U.S. Global Investors Global Luxury Goods Fund (USLUX). 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.

	FSHOX	USLUX	Difference
Sharpe ratio Return per unit of total volatility	0.54	0.36	+0.18
Sortino ratio Return per unit of downside risk	0.96	0.65	+0.31
Omega ratio Gain probability vs. loss probability	1.10	1.07	+0.03
Calmar ratio Return relative to maximum drawdown	0.63	0.43	+0.20
Martin ratio Return relative to average drawdown	1.65	1.21	+0.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSHOX vs. USLUX - Sharpe Ratio Comparison

The current FSHOX Sharpe Ratio is 0.54, which is higher than the USLUX Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of FSHOX and USLUX, 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

	FSHOX	USLUX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.54	0.36	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.28	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.50	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.19	+0.37

Drawdowns

FSHOX vs. USLUX - Drawdown Comparison

The maximum FSHOX drawdown since its inception was -61.68%, smaller than the maximum USLUX drawdown of -77.61%. Use the drawdown chart below to compare losses from any high point for FSHOX and USLUX.

Drawdown Indicators

	FSHOX	USLUX	Difference
Max Drawdown Largest peak-to-trough decline	-61.68%	-77.61%	+15.93%
Max Drawdown (1Y) Largest decline over 1 year	-16.54%	-15.68%	-0.86%
Max Drawdown (3Y) Largest decline over 3 years	-24.76%	-20.96%	-3.80%
Max Drawdown (5Y) Largest decline over 5 years	-33.23%	-33.85%	+0.62%
Max Drawdown (10Y) Largest decline over 10 years	-43.67%	-34.51%	-9.16%
Current Drawdown Current decline from peak	-10.63%	-6.88%	-3.75%
Average Drawdown Average peak-to-trough decline	-9.84%	-42.10%	+32.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.29%	5.53%	+0.76%

Volatility

FSHOX vs. USLUX - Volatility Comparison

The current volatility for Fidelity Select Construction & Housing Portfolio (FSHOX) is 6.06%, while U.S. Global Investors Global Luxury Goods Fund (USLUX) has a volatility of 6.95%. This indicates that FSHOX experiences smaller price fluctuations and is considered to be less risky than USLUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSHOX	USLUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.06%	6.95%	-0.89%
Volatility (6M) Calculated over the trailing 6-month period	15.68%	14.73%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	19.87%	19.22%	+0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.69%	20.88%	+0.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.49%	19.68%	+2.81%

FSHOX vs. USLUX - Expense Ratio Comparison

FSHOX has a 0.76% expense ratio, which is lower than USLUX's 1.55% expense ratio.

Dividends

FSHOX vs. USLUX - Dividend Comparison

FSHOX's dividend yield for the trailing twelve months is around 6.21%, less than USLUX's 8.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSHOX Fidelity Select Construction & Housing Portfolio	6.21%	3.91%	4.05%	0.82%	0.80%	5.45%	4.73%	7.91%	15.47%	13.62%	3.61%	3.26%
USLUX U.S. Global Investors Global Luxury Goods Fund	8.25%	7.88%	9.94%	2.71%	6.40%	15.37%	0.12%	2.31%	16.18%	13.87%	8.35%	8.01%

Frequently Asked Questions

Can I hold both FSHOX and USLUX in my portfolio?

FSHOX and USLUX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSHOX or USLUX?

USLUX has higher volatility (6.95%) compared to FSHOX (6.06%). In terms of maximum drawdown, FSHOX dropped -61.68% vs USLUX's -77.61%.

Which has better risk-adjusted returns?

FSHOX currently has the higher Sharpe Ratio (0.54 vs 0.36), 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.