FSMEX vs. FSENX
FSMEX (Fidelity Select Medical Technology and Devices Portfolio) and FSENX (Fidelity Select Energy Portfolio) are both mutual funds - FSMEX is a Health & Biotech Equities fund actively managed by Fidelity, while FSENX is a Energy Equities fund actively managed by Fidelity. Both are actively managed. Over the past 10 years, FSMEX returned 9.67%/yr vs 10.34%/yr for FSENX. Their 0.37 correlation means their historical movements had little consistent relationship. FSMEX charges 0.62%/yr vs 0.77%/yr for FSENX.
Performance
FSMEX vs. FSENX - Performance Comparison
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Returns By Period
In the year-to-date period, FSMEX achieves a -7.61% return, which is significantly lower than FSENX's 39.98% return. Over the past 10 years, FSMEX has underperformed FSENX with an annualized return of 9.67%, while FSENX has yielded a comparatively higher 10.34% annualized return.
FSMEX
- 1D
- -1.12%
- 1M
- 0.10%
- 6M
- -5.06%
- YTD
- -7.61%
- 1Y
- 0.30%
- 3Y*
- 4.26%
- 5Y*
- -1.64%
- 10Y*
- 9.67%
- ALL TIME*
- 12.69%
FSENX
- 1D
- 0.82%
- 1M
- 11.49%
- 6M
- 23.93%
- YTD
- 39.98%
- 1Y
- 50.48%
- 3Y*
- 16.38%
- 5Y*
- 25.73%
- 10Y*
- 10.34%
- ALL TIME*
- 8.29%
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 |
FSMEX vs. FSENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMEX Fidelity Select Medical Technology and Devices Portfolio | -7.61% | 8.13% | 18.37% | 0.62% | -24.84% | 24.56% | 30.18% | 29.58% | 15.98% | 26.66% |
FSENX Fidelity Select Energy Portfolio | 39.98% | 10.56% | 4.26% | 0.94% | 62.98% | 55.31% | -32.51% | 9.90% | -24.94% | -2.65% |
Correlation
The correlation between FSMEX and FSENX is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 1998 | 0.37 |
The correlation between FSMEX and FSENX shifts across timeframes, from -0.13 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSMEX vs. FSENX — Risk / Return Rank
FSMEX
FSENX
FSMEX vs. FSENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Fidelity Select Energy Portfolio (FSENX). 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.
| FSMEX | FSENX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -2.91 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.38 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 3.92 | -3.94 |
| Martin ratioReturn relative to average drawdown | -0.02 | 10.81 | -10.83 |
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Drawdowns
FSMEX vs. FSENX - Drawdown Comparison
The maximum FSMEX drawdown since its inception was -40.34%, smaller than the maximum FSENX drawdown of -76.24%. Use the drawdown chart below to compare losses from any high point for FSMEX and FSENX.
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Drawdown Indicators
| FSMEX | FSENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.34% | -76.24% | +35.90% |
Max Drawdown (1Y)Largest decline over 1 year | -26.28% | -12.22% | -14.06% |
Max Drawdown (3Y)Largest decline over 3 years | -26.28% | -25.85% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -40.34% | -28.02% | -12.32% |
Max Drawdown (10Y)Largest decline over 10 years | -40.34% | -72.11% | +31.77% |
Current DrawdownCurrent decline from peak | -13.48% | -1.61% | -11.87% |
Average DrawdownAverage peak-to-trough decline | -7.81% | -16.98% | +9.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.48% | 4.47% | +8.01% |
Volatility
FSMEX vs. FSENX - Volatility Comparison
Fidelity Select Medical Technology and Devices Portfolio (FSMEX) has a higher volatility of 6.43% compared to Fidelity Select Energy Portfolio (FSENX) at 5.74%. This indicates that FSMEX's price experiences larger fluctuations and is considered to be riskier than FSENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMEX | FSENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.43% | 5.74% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 16.56% | 15.83% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.02% | 20.13% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.35% | 27.00% | -5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 30.81% | -9.92% |
FSMEX vs. FSENX - Expense Ratio Comparison
FSMEX has a 0.62% expense ratio, which is lower than FSENX's 0.77% expense ratio.
Dividends
FSMEX vs. FSENX - Dividend Comparison
FSMEX's dividend yield for the trailing twelve months is around 19.65%, more than FSENX's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSENX Fidelity Select Energy Portfolio | 1.53% | 1.95% | 1.95% | 1.98% | 2.50% | 2.25% | 3.43% | 1.84% | 1.48% | 1.74% | 0.62% | 1.29% |
FSMEX Fidelity Select Medical Technology and Devices Portfolio | 19.65% | 10.53% | 17.04% | 0.00% | 1.80% | 8.12% | 6.65% | 1.77% | 7.47% | 6.26% | 5.84% | 16.35% |
Frequently Asked Questions
FSMEX and FSENX have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSMEX has higher volatility (6.43%) compared to FSENX (5.74%). In terms of maximum drawdown, FSMEX dropped -40.34% vs FSENX's -76.24%.
FSENX currently has the higher Sharpe Ratio (2.38 vs -0.01), 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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