FSTEX vs. FSENX

Last updated Jun 23, 2026

FSTEX (Invesco Energy Fund) and FSENX (Fidelity Select Energy Portfolio) are both Energy Equities funds. Over the past 10 years, FSTEX returned 5.72%/yr vs 8.66%/yr for FSENX. Their correlation of 0.94 suggests significant overlap in exposure. FSTEX charges 1.36%/yr vs 0.77%/yr for FSENX.

Performance

FSTEX vs. FSENX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Energy Fund (FSTEX) and Fidelity Select Energy Portfolio (FSENX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSTEX achieves a 19.96% return, which is significantly lower than FSENX's 25.07% return. Over the past 10 years, FSTEX has underperformed FSENX with an annualized return of 5.72%, while FSENX has yielded a comparatively higher 8.66% annualized return.

FSTEX

• 1D: -2.09%
• 1M: -10.56%
• YTD: 19.96%
• 6M: 21.47%
• 1Y: 24.31%
• 3Y*: 15.06%
• 5Y*: 20.31%
• 10Y*: 5.72%

FSENX

• 1D: -1.60%
• 1M: -9.51%
• YTD: 25.07%
• 6M: 26.87%
• 1Y: 31.46%
• 3Y*: 15.80%
• 5Y*: 21.55%
• 10Y*: 8.66%

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

FSTEX vs. FSENX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSTEX Invesco Energy Fund	19.96%	12.31%	6.00%	0.28%	52.85%	55.99%	-32.13%	4.78%	-26.82%	-8.26%
FSENX Fidelity Select Energy Portfolio	25.07%	10.56%	4.26%	0.94%	62.98%	55.31%	-32.51%	9.90%	-24.94%	-2.65%

Correlation

The correlation between FSTEX and FSENX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jan 19, 1984	0.94

The correlation between FSTEX and FSENX has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.

Return for Risk

FSTEX vs. FSENX — Risk / Return Rank

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

FSTEX

FSTEX Risk / Return Rank: 24
FSTEX Sharpe Ratio Rank: 23
FSTEX Sortino Ratio Rank: 20
FSTEX Omega Ratio Rank: 20
FSTEX Calmar Ratio Rank: 27
FSTEX Martin Ratio Rank: 32

FSENX

FSENX Risk / Return Rank: 39
FSENX Sharpe Ratio Rank: 36
FSENX Sortino Ratio Rank: 32
FSENX Omega Ratio Rank: 30
FSENX Calmar Ratio Rank: 54
FSENX Martin Ratio Rank: 43

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.

FSTEX vs. FSENX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Energy Fund (FSTEX) 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.

	FSTEX	FSENX	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.62	-0.34
Sortino ratio: Return per unit of downside risk	1.75	2.19	-0.45
Omega ratio: Gain probability vs. loss probability	1.22	1.27	-0.05
Calmar ratio: Return relative to maximum drawdown	1.79	2.69	-0.90
Martin ratio: Return relative to average drawdown	6.75	8.68	-1.93

FSTEX vs. FSENX - Sharpe Ratio Comparison

The current FSTEX Sharpe Ratio is 1.29, which is comparable to the FSENX Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of FSTEX and FSENX, 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

FSTEX vs. FSENX - Drawdown Comparison

The maximum FSTEX drawdown since its inception was -83.31%, which is greater than FSENX's maximum drawdown of -76.24%. Use the drawdown chart below to compare losses from any high point for FSTEX and FSENX.

Drawdown Indicators

	FSTEX	FSENX	Difference
Max Drawdown Largest peak-to-trough decline	-83.31%	-76.24%	-7.07%
Max Drawdown (1Y) Largest decline over 1 year	-14.09%	-12.09%	-2.00%
Max Drawdown (3Y) Largest decline over 3 years	-18.58%	-25.85%	+7.27%
Max Drawdown (5Y) Largest decline over 5 years	-26.88%	-28.02%	+1.14%
Max Drawdown (10Y) Largest decline over 10 years	-73.41%	-72.11%	-1.30%
Current Drawdown Current decline from peak	-14.09%	-12.09%	-2.00%
Average Drawdown Average peak-to-trough decline	-25.18%	-17.00%	-8.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	3.74%	-0.01%

Volatility

FSTEX vs. FSENX - Volatility Comparison

Invesco Energy Fund (FSTEX) and Fidelity Select Energy Portfolio (FSENX) have volatilities of 6.88% and 6.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSTEX	FSENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.88%	6.69%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	16.30%	15.84%	+0.46%
Volatility (1Y) Calculated over the trailing 1-year period	19.59%	20.04%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.20%	27.28%	-2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.70%	30.94%	-1.24%

FSTEX vs. FSENX - Expense Ratio Comparison

FSTEX has a 1.36% expense ratio, which is higher than FSENX's 0.77% expense ratio.

Dividends

FSTEX vs. FSENX - Dividend Comparison

FSTEX's dividend yield for the trailing twelve months is around 1.85%, more than FSENX's 1.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSENX Fidelity Select Energy Portfolio	1.71%	1.95%	1.95%	1.98%	2.50%	2.25%	3.43%	1.84%	1.48%	1.74%	0.62%	1.29%
FSTEX Invesco Energy Fund	1.85%	2.22%	4.03%	2.11%	0.89%	1.80%	2.21%	1.53%	3.05%	2.22%	1.10%	1.58%

Frequently Asked Questions

Can I hold both FSTEX and FSENX in my portfolio?

With a correlation of 0.97, FSTEX and FSENX 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.

Which is riskier, FSTEX or FSENX?

FSTEX has higher volatility (6.88%) compared to FSENX (6.69%). In terms of maximum drawdown, FSTEX dropped -83.31% vs FSENX's -76.24%.

Which has better risk-adjusted returns?

FSENX currently has the higher Sharpe Ratio (1.62 vs 1.29), 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.