FSLBX vs. FSELX
FSLBX (Fidelity Select Brokerage & Invmt Mgmt Portfolio) and FSELX (Fidelity Select Semiconductors Portfolio) are both mutual funds - FSLBX is a Financials Equities fund managed by Fidelity, while FSELX is a Semiconductors fund managed by Fidelity. Over the past 10 years, FSLBX returned 15.09%/yr vs 35.41%/yr for FSELX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. FSLBX charges 0.75%/yr vs 0.68%/yr for FSELX.
Performance
FSLBX vs. FSELX - Performance Comparison
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Returns By Period
In the year-to-date period, FSLBX achieves a -7.19% return, which is significantly lower than FSELX's 49.63% return. Over the past 10 years, FSLBX has underperformed FSELX with an annualized return of 15.09%, while FSELX has yielded a comparatively higher 35.41% annualized return.
FSLBX
- 1D
- 0.32%
- 1M
- 4.59%
- 6M
- -5.69%
- YTD
- -7.19%
- 1Y
- -10.01%
- 3Y*
- 15.07%
- 5Y*
- 9.05%
- 10Y*
- 15.09%
- ALL TIME*
- 11.28%
FSELX
- 1D
- 0.96%
- 1M
- -8.05%
- 6M
- 33.10%
- YTD
- 49.63%
- 1Y
- 84.99%
- 3Y*
- 51.58%
- 5Y*
- 38.61%
- 10Y*
- 35.41%
- ALL TIME*
- 16.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSLBX vs. FSELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSLBX Fidelity Select Brokerage & Invmt Mgmt Portfolio | -7.19% | 5.78% | 35.74% | 27.77% | -17.54% | 40.61% | 22.66% | 31.60% | -15.37% | 27.74% |
FSELX Fidelity Select Semiconductors Portfolio | 49.63% | 52.17% | 49.68% | 78.49% | -35.27% | 59.16% | 44.33% | 64.50% | -12.01% | 34.51% |
Correlation
The correlation between FSLBX and FSELX is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 1985 | 0.61 |
Over the past year, the correlation between FSLBX and FSELX has dropped to 0.28 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
FSLBX vs. FSELX — Risk / Return Rank
FSLBX
FSELX
FSLBX vs. FSELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) and Fidelity Select Semiconductors Portfolio (FSELX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSLBX | FSELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.32 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 3.07 | -3.57 |
| Martin ratioReturn relative to average drawdown | -0.93 | 12.68 | -13.60 |
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Drawdowns
FSLBX vs. FSELX - Drawdown Comparison
The maximum FSLBX drawdown since its inception was -68.20%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for FSLBX and FSELX.
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Drawdown Indicators
| FSLBX | FSELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.20% | -82.54% | +14.34% |
Max Drawdown (1Y)Largest decline over 1 year | -24.67% | -26.87% | +2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -26.06% | -36.31% | +10.25% |
Max Drawdown (5Y)Largest decline over 5 years | -30.87% | -46.37% | +15.50% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -46.37% | +5.81% |
Current DrawdownCurrent decline from peak | -13.38% | -20.88% | +7.50% |
Average DrawdownAverage peak-to-trough decline | -14.88% | -28.63% | +13.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.43% | 6.50% | +6.93% |
Volatility
FSLBX vs. FSELX - Volatility Comparison
The current volatility for Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) is 5.74%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 16.24%. This indicates that FSLBX experiences smaller price fluctuations and is considered to be less risky than FSELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLBX | FSELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 16.24% | -10.50% |
Volatility (6M)Calculated over the trailing 6-month period | 17.49% | 34.43% | -16.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.23% | 40.77% | -18.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.06% | 40.41% | -17.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.53% | 35.84% | -12.31% |
FSLBX vs. FSELX - Expense Ratio Comparison
FSLBX has a 0.75% expense ratio, which is higher than FSELX's 0.68% expense ratio.
Dividends
FSLBX vs. FSELX - Dividend Comparison
FSLBX's dividend yield for the trailing twelve months is around 2.11%, less than FSELX's 10.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSELX Fidelity Select Semiconductors Portfolio | 10.95% | 11.11% | 7.97% | 7.20% | 6.69% | 6.99% | 8.13% | 3.36% | 26.80% | 14.44% | 3.82% | 15.22% |
FSLBX Fidelity Select Brokerage & Invmt Mgmt Portfolio | 2.11% | 0.67% | 0.69% | 1.22% | 2.09% | 1.39% | 3.08% | 4.25% | 8.94% | 5.46% | 1.25% | 6.37% |
Frequently Asked Questions
FSLBX and FSELX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSELX has higher volatility (16.24%) compared to FSLBX (5.74%). In terms of maximum drawdown, FSLBX dropped -68.20% vs FSELX's -82.54%.
FSELX currently has the higher Sharpe Ratio (2.03 vs -0.56), 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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