FSPTX vs. FSELX
FSPTX (Fidelity Select Technology Portfolio) and FSELX (Fidelity Select Semiconductors Portfolio) are both mutual funds - FSPTX is a Technology Equities fund actively managed by Fidelity, while FSELX is a Semiconductors fund managed by Fidelity. Over the past 10 years, FSPTX returned 25.66%/yr vs 35.30%/yr for FSELX. Their correlation of 0.88 means they have usually moved in the same direction. FSPTX charges 0.62%/yr vs 0.68%/yr for FSELX.
Performance
FSPTX vs. FSELX - Performance Comparison
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Returns By Period
In the year-to-date period, FSPTX achieves a 29.71% return, which is significantly lower than FSELX's 50.49% return. Over the past 10 years, FSPTX has underperformed FSELX with an annualized return of 25.66%, while FSELX has yielded a comparatively higher 35.30% annualized return.
FSPTX
- 1D
- -1.10%
- 1M
- -1.91%
- 6M
- 23.76%
- YTD
- 29.71%
- 1Y
- 42.60%
- 3Y*
- 33.33%
- 5Y*
- 19.80%
- 10Y*
- 25.66%
- ALL TIME*
- 14.97%
FSELX
- 1D
- -2.38%
- 1M
- -10.59%
- 6M
- 33.54%
- YTD
- 50.49%
- 1Y
- 82.32%
- 3Y*
- 51.89%
- 5Y*
- 39.41%
- 10Y*
- 35.30%
- ALL TIME*
- 16.77%
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 |
FSPTX vs. FSELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSPTX Fidelity Select Technology Portfolio | 29.71% | 23.37% | 41.76% | 59.83% | -36.91% | 21.99% | 63.95% | 51.08% | -9.03% | 49.75% |
FSELX Fidelity Select Semiconductors Portfolio | 50.49% | 52.17% | 49.68% | 78.49% | -35.27% | 59.16% | 44.33% | 64.50% | -12.01% | 34.51% |
Correlation
The correlation between FSPTX and FSELX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 1985 | 0.88 |
The correlation between FSPTX and FSELX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
FSPTX vs. FSELX — Risk / Return Rank
FSPTX
FSELX
FSPTX vs. FSELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Technology Portfolio (FSPTX) 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.
| FSPTX | FSELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.34 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 4.20 | -1.00 |
| Martin ratioReturn relative to average drawdown | 8.79 | 14.75 | -5.96 |
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Drawdowns
FSPTX vs. FSELX - Drawdown Comparison
The maximum FSPTX drawdown since its inception was -84.37%, roughly equal to the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for FSPTX and FSELX.
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Drawdown Indicators
| FSPTX | FSELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.37% | -82.54% | -1.83% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -20.43% | +6.72% |
Max Drawdown (3Y)Largest decline over 3 years | -29.22% | -36.31% | +7.09% |
Max Drawdown (5Y)Largest decline over 5 years | -42.16% | -46.37% | +4.21% |
Max Drawdown (10Y)Largest decline over 10 years | -42.16% | -46.37% | +4.21% |
Current DrawdownCurrent decline from peak | -11.89% | -20.43% | +8.54% |
Average DrawdownAverage peak-to-trough decline | -26.96% | -28.63% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 5.80% | -0.82% |
Volatility
FSPTX vs. FSELX - Volatility Comparison
The current volatility for Fidelity Select Technology Portfolio (FSPTX) is 8.30%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 16.06%. This indicates that FSPTX 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
| FSPTX | FSELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 16.06% | -7.76% |
Volatility (6M)Calculated over the trailing 6-month period | 20.89% | 33.31% | -12.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.29% | 39.81% | -14.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.97% | 40.22% | -12.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.27% | 35.73% | -9.46% |
FSPTX vs. FSELX - Expense Ratio Comparison
FSPTX has a 0.62% expense ratio, which is lower than FSELX's 0.68% expense ratio.
Dividends
FSPTX vs. FSELX - Dividend Comparison
FSPTX's dividend yield for the trailing twelve months is around 8.37%, less than FSELX's 10.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSELX Fidelity Select Semiconductors Portfolio | 10.88% | 11.11% | 7.97% | 7.20% | 6.69% | 6.99% | 8.13% | 3.36% | 26.80% | 14.44% | 3.82% | 15.22% |
FSPTX Fidelity Select Technology Portfolio | 8.37% | 9.06% | 9.42% | 0.01% | 3.95% | 11.62% | 18.86% | 1.86% | 23.77% | 8.32% | 1.54% | 4.19% |
Frequently Asked Questions
With a correlation of 0.91, FSPTX and FSELX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FSELX has higher volatility (16.06%) compared to FSPTX (8.30%). In terms of maximum drawdown, FSPTX dropped -84.37% vs FSELX's -82.54%.
FSELX currently has the higher Sharpe Ratio (2.16 vs 1.74), 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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