JAMFX vs. FSELX

Last updated Jul 17, 2026

JAMFX (Jacob Internet Fund) and FSELX (Fidelity Select Semiconductors Portfolio) are both mutual funds - JAMFX is a Technology Equities fund managed by Jacob, while FSELX is a Semiconductors fund managed by Fidelity. Over the past 10 years, JAMFX returned 9.19%/yr vs 36.92%/yr for FSELX. A 0.71 correlation means they provide meaningful diversification when combined. JAMFX charges 2.02%/yr vs 0.68%/yr for FSELX.

Performance

JAMFX vs. FSELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jacob Internet Fund (JAMFX) 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, JAMFX achieves a -13.17% return, which is significantly lower than FSELX's 62.20% return. Over the past 10 years, JAMFX has underperformed FSELX with an annualized return of 9.19%, while FSELX has yielded a comparatively higher 36.92% annualized return.

JAMFX

• 1D: 0.89%
• 1M: 2.35%
• 6M: -13.44%
• YTD: -13.17%
• 1Y: -14.47%
• 3Y*: 6.78%
• 5Y*: -9.44%
• 10Y*: 9.19%

FSELX

• 1D: -1.69%
• 1M: -7.86%
• 6M: 50.12%
• YTD: 62.20%
• 1Y: 101.84%
• 3Y*: 56.28%
• 5Y*: 42.87%
• 10Y*: 36.92%

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

JAMFX vs. FSELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JAMFX Jacob Internet Fund	-13.17%	13.17%	14.31%	34.64%	-59.54%	12.88%	122.48%	21.70%	1.98%	24.07%
FSELX Fidelity Select Semiconductors Portfolio	62.20%	52.17%	49.68%	78.49%	-35.27%	59.16%	44.33%	64.50%	-12.01%	34.51%

Correlation

The correlation between JAMFX and FSELX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Dec 13, 1999	0.71

Over the past year, the correlation between JAMFX and FSELX has dropped to 0.42 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

Return for Risk

JAMFX vs. FSELX — Risk / Return Rank

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

JAMFX

JAMFX Risk / Return Rank: 2
JAMFX Sharpe Ratio Rank: 1
JAMFX Sortino Ratio Rank: 2
JAMFX Omega Ratio Rank: 2
JAMFX Calmar Ratio Rank: 2
JAMFX Martin Ratio Rank: 2

FSELX

FSELX Risk / Return Rank: 89
FSELX Sharpe Ratio Rank: 93
FSELX Sortino Ratio Rank: 79
FSELX Omega Ratio Rank: 80
FSELX Calmar Ratio Rank: 98
FSELX Martin Ratio Rank: 97

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.

JAMFX vs. FSELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jacob Internet Fund (JAMFX) 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.

	JAMFX	FSELX	Difference
Sharpe ratio: Return per unit of total volatility	-0.39	2.61	-3.00
Sortino ratio: Return per unit of downside risk	-0.35	2.91	-3.27
Omega ratio: Gain probability vs. loss probability	0.96	1.39	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.31	6.53	-6.84
Martin ratio: Return relative to average drawdown	-0.54	20.74	-21.27

JAMFX vs. FSELX - Sharpe Ratio Comparison

The current JAMFX Sharpe Ratio is -0.39, which is lower than the FSELX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of JAMFX 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

JAMFX vs. FSELX - Drawdown Comparison

The maximum JAMFX drawdown since its inception was -96.46%, which is greater than FSELX's maximum drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for JAMFX and FSELX.

Drawdown Indicators

	JAMFX	FSELX	Difference
Max Drawdown Largest peak-to-trough decline	-96.46%	-82.54%	-13.92%
Max Drawdown (1Y) Largest decline over 1 year	-40.83%	-15.52%	-25.31%
Max Drawdown (3Y) Largest decline over 3 years	-40.83%	-36.31%	-4.52%
Max Drawdown (5Y) Largest decline over 5 years	-70.01%	-46.37%	-23.64%
Max Drawdown (10Y) Largest decline over 10 years	-70.50%	-46.37%	-24.13%
Current Drawdown Current decline from peak	-51.60%	-14.24%	-37.36%
Average Drawdown Average peak-to-trough decline	-63.95%	-28.64%	-35.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.20%	4.88%	+18.32%

Volatility

JAMFX vs. FSELX - Volatility Comparison

The current volatility for Jacob Internet Fund (JAMFX) is 9.17%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 18.43%. This indicates that JAMFX 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

	JAMFX	FSELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.17%	18.43%	-9.26%
Volatility (6M) Calculated over the trailing 6-month period	25.34%	32.45%	-7.11%
Volatility (1Y) Calculated over the trailing 1-year period	31.92%	38.92%	-7.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.98%	40.11%	-2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.40%	35.64%	-2.24%

JAMFX vs. FSELX - Expense Ratio Comparison

JAMFX has a 2.02% expense ratio, which is higher than FSELX's 0.68% expense ratio.

Dividends

JAMFX vs. FSELX - Dividend Comparison

JAMFX's dividend yield for the trailing twelve months is around 2.83%, less than FSELX's 10.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSELX Fidelity Select Semiconductors Portfolio	10.10%	11.11%	7.97%	7.20%	6.69%	6.99%	8.13%	3.36%	26.80%	14.44%	3.82%	15.22%
JAMFX Jacob Internet Fund	2.83%	2.46%	0.00%	0.00%	0.00%	3.07%	13.77%	12.76%	8.77%	12.56%	4.94%	12.97%

Frequently Asked Questions

Can I hold both JAMFX and FSELX in my portfolio?

JAMFX and FSELX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JAMFX or FSELX?

FSELX has higher volatility (18.43%) compared to JAMFX (9.17%). In terms of maximum drawdown, JAMFX dropped -96.46% vs FSELX's -82.54%.

Which has better risk-adjusted returns?

FSELX currently has the higher Sharpe Ratio (2.61 vs -0.39), 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.