FSMNX vs. FSELX
Compare and contrast key facts about Fidelity SAI Municipal Income Fund (FSMNX) and Fidelity Select Semiconductors Portfolio (FSELX).
FSMNX is managed by Fidelity. It was launched on Oct 2, 2018. FSELX is managed by Fidelity. It was launched on Jul 29, 1985.
Performance
FSMNX vs. FSELX - Performance Comparison
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FSMNX vs. FSELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FSMNX Fidelity SAI Municipal Income Fund | -0.80% | 5.30% | 2.12% | 7.55% | -10.43% | 1.84% | 3.45% | 8.74% | 2.37% |
FSELX Fidelity Select Semiconductors Portfolio | 0.00% | 52.17% | 49.68% | 78.49% | -35.27% | 59.16% | 44.33% | 64.50% | 0.53% |
Returns By Period
FSMNX
- 1D
- 0.10%
- 1M
- -2.97%
- YTD
- -0.80%
- 6M
- 0.67%
- 1Y
- 4.07%
- 3Y*
- 3.62%
- 5Y*
- 1.01%
- 10Y*
- —
FSELX
- 1D
- -4.27%
- 1M
- -9.75%
- YTD
- 0.00%
- 6M
- 7.40%
- 1Y
- 85.27%
- 3Y*
- 43.05%
- 5Y*
- 30.67%
- 10Y*
- 31.42%
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FSMNX vs. FSELX - Expense Ratio Comparison
FSMNX has a 0.36% expense ratio, which is lower than FSELX's 0.68% expense ratio.
Return for Risk
FSMNX vs. FSELX — Risk / Return Rank
FSMNX
FSELX
FSMNX vs. FSELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Municipal Income Fund (FSMNX) 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.
| FSMNX | FSELX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 2.07 | -1.02 |
Sortino ratioReturn per unit of downside risk | 1.43 | 2.72 | -1.28 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.38 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 4.58 | -3.53 |
Martin ratioReturn relative to average drawdown | 3.79 | 18.71 | -14.92 |
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
| FSMNX | FSELX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 2.07 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.80 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.49 | +0.06 |
Correlation
The correlation between FSMNX and FSELX is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FSMNX vs. FSELX - Dividend Comparison
FSMNX's dividend yield for the trailing twelve months is around 3.37%, less than FSELX's 11.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMNX Fidelity SAI Municipal Income Fund | 3.37% | 4.38% | 3.52% | 2.98% | 1.74% | 1.55% | 1.96% | 3.57% | 0.65% | 0.00% | 0.00% | 0.00% |
FSELX Fidelity Select Semiconductors Portfolio | 11.11% | 11.11% | 7.97% | 7.20% | 6.69% | 6.99% | 8.13% | 3.36% | 26.80% | 14.44% | 3.82% | 15.22% |
Drawdowns
FSMNX vs. FSELX - Drawdown Comparison
The maximum FSMNX drawdown since its inception was -15.85%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for FSMNX and FSELX.
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Drawdown Indicators
| FSMNX | FSELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -82.54% | +66.69% |
Max Drawdown (1Y)Largest decline over 1 year | -4.57% | -17.23% | +12.66% |
Max Drawdown (5Y)Largest decline over 5 years | -15.85% | -46.37% | +30.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.37% | — |
Current DrawdownCurrent decline from peak | -2.97% | -14.38% | +11.41% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -28.82% | +25.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 4.21% | -2.95% |
Volatility
FSMNX vs. FSELX - Volatility Comparison
The current volatility for Fidelity SAI Municipal Income Fund (FSMNX) is 1.11%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 10.47%. This indicates that FSMNX 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
| FSMNX | FSELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 10.47% | -9.36% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 24.91% | -23.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.71% | 40.89% | -36.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.09% | 38.58% | -34.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 34.71% | -30.07% |