FSPTX vs. FSELX

Last updated Jun 19, 2026

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 27.56%/yr vs 38.90%/yr for FSELX. Their correlation of 0.88 suggests significant overlap in exposure. FSPTX charges 0.62%/yr vs 0.68%/yr for FSELX.

Performance

FSPTX vs. FSELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Technology Portfolio (FSPTX) and Fidelity Select Semiconductors Portfolio (FSELX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSPTX achieves a 38.27% return, which is significantly lower than FSELX's 77.75% return. Over the past 10 years, FSPTX has underperformed FSELX with an annualized return of 27.56%, while FSELX has yielded a comparatively higher 38.90% annualized return.

FSPTX

• 1D: -0.68%
• 1M: 6.75%
• YTD: 38.27%
• 6M: 41.10%
• 1Y: 67.22%
• 3Y*: 38.29%
• 5Y*: 22.66%
• 10Y*: 27.56%

FSELX

• 1D: 0.98%
• 1M: 14.21%
• YTD: 77.75%
• 6M: 85.24%
• 1Y: 142.27%
• 3Y*: 63.63%
• 5Y*: 45.08%
• 10Y*: 38.90%

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

FSPTX vs. FSELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSPTX Fidelity Select Technology Portfolio	38.27%	23.37%	41.76%	59.83%	-36.91%	21.99%	63.95%	51.08%	-9.03%	49.75%
FSELX Fidelity Select Semiconductors Portfolio	77.75%	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 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.87
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 0.87 to 0.92 - a consistent structural relationship.

Return for Risk

FSPTX vs. FSELX — Risk / Return Rank

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

FSPTX

FSPTX Risk / Return Rank: 87
FSPTX Sharpe Ratio Rank: 94
FSPTX Sortino Ratio Rank: 80
FSPTX Omega Ratio Rank: 79
FSPTX Calmar Ratio Rank: 94
FSPTX Martin Ratio Rank: 90

FSELX

FSELX Risk / Return Rank: 95
FSELX Sharpe Ratio Rank: 99
FSELX Sortino Ratio Rank: 91
FSELX Omega Ratio Rank: 88
FSELX Calmar Ratio Rank: 99
FSELX Martin Ratio Rank: 98

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.

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 ratio: Return per unit of total volatility	2.92	4.10	-1.18
Sortino ratio: Return per unit of downside risk	3.45	4.16	-0.71
Omega ratio: Gain probability vs. loss probability	1.47	1.58	-0.10
Calmar ratio: Return relative to maximum drawdown	5.01	10.14	-5.13
Martin ratio: Return relative to average drawdown	16.31	36.38	-20.07

FSPTX vs. FSELX - Sharpe Ratio Comparison

The current FSPTX Sharpe Ratio is 2.92, which is comparable to the FSELX Sharpe Ratio of 4.10. The chart below compares the historical Sharpe Ratios of FSPTX and FSELX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	FSPTX	FSELX	Difference
Max Drawdown Largest peak-to-trough decline	-84.37%	-82.54%	-1.83%
Max Drawdown (1Y) Largest decline over 1 year	-13.71%	-14.38%	+0.67%
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 Drawdown Current decline from peak	-6.07%	-4.65%	-1.42%
Average Drawdown Average peak-to-trough decline	-27.00%	-28.67%	+1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.20%	4.00%	+0.20%

Volatility

FSPTX vs. FSELX - Volatility Comparison

The current volatility for Fidelity Select Technology Portfolio (FSPTX) is 11.63%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 17.67%. 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.

Volatility by Period

	FSPTX	FSELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.63%	17.67%	-6.04%
Volatility (6M) Calculated over the trailing 6-month period	19.26%	28.80%	-9.54%
Volatility (1Y) Calculated over the trailing 1-year period	23.56%	35.58%	-12.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.68%	39.49%	-11.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.17%	35.37%	-9.20%

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 7.85%, less than FSELX's 9.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSELX Fidelity Select Semiconductors Portfolio	9.21%	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	7.85%	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

Can I hold both FSPTX and FSELX in my portfolio?

FSPTX and FSELX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSPTX or FSELX?

FSELX has higher volatility (17.67%) compared to FSPTX (11.63%). In terms of maximum drawdown, FSPTX dropped -84.37% vs FSELX's -82.54%.

Which has better risk-adjusted returns?

FSELX currently has the higher Sharpe Ratio (4.10 vs 2.92), 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.