MGIFX vs. FSENX

Last updated Aug 4, 2026

MGIFX (Mondrian Global Listed Infrastructure Fund) and FSENX (Fidelity Select Energy Portfolio) are both mutual funds - MGIFX is a Infrastructure Equities fund managed by Mondrian, while FSENX is a Energy Equities fund actively managed by Fidelity. Their 0.37 correlation means their historical movements had little consistent relationship. MGIFX charges 0.95%/yr vs 0.77%/yr for FSENX.

Performance

MGIFX vs. FSENX - Performance Comparison

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

Returns By Period

MGIFX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FSENX

• 1D: 0.82%
• 1M: 11.49%
• 6M: 23.93%
• YTD: 39.98%
• 1Y: 50.48%
• 3Y*: 16.38%
• 5Y*: 25.73%
• 10Y*: 10.34%
• ALL TIME*: 8.29%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSENX Fidelity Select Energy Portfolio	$0.00	$0.00	$0.00

MGIFX vs. FSENX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MGIFX Mondrian Global Listed Infrastructure Fund	13.34%	28.20%	-0.47%	7.88%	-3.61%	11.74%	-0.69%	31.06%	0.00%
FSENX Fidelity Select Energy Portfolio	39.98%	10.56%	4.26%	0.94%	62.98%	55.31%	-32.51%	9.90%	0.73%

Correlation

The correlation between MGIFX and FSENX is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.09
Correlation (3Y) Balances recent behavior with more history.	0.19
Correlation (5Y) Shows whether the relationship held over a longer period.	0.31
Correlation (All Time) Calculated using the full available price history since Dec 31, 2018	0.37

Over the past year, the correlation between MGIFX and FSENX has dropped to 0.09 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

Return for Risk

MGIFX vs. FSENX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MGIFX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FSENX

FSENX Risk / Return Rank: 87
FSENX Sharpe Ratio Rank: 92
FSENX Sortino Ratio Rank: 84
FSENX Omega Ratio Rank: 80
FSENX Calmar Ratio Rank: 93
FSENX Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MGIFX vs. FSENX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mondrian Global Listed Infrastructure Fund (MGIFX) 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.

	MGIFX	FSENX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.38	—
Sortino ratio: Return per unit of downside risk	—	3.04	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	3.92	—
Martin ratio: Return relative to average drawdown	—	10.81	—

Drawdowns

Drawdown Indicators

	MGIFX	FSENX	Difference
Max Drawdown Largest peak-to-trough decline	—	-76.24%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.22%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.85%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.02%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-72.11%	—
Current Drawdown Current decline from peak	—	-1.61%	—
Average Drawdown Average peak-to-trough decline	—	-16.98%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.47%	—

Volatility

Volatility by Period

	MGIFX	FSENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	20.13%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	27.00%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	30.81%	—

MGIFX vs. FSENX - Expense Ratio Comparison

MGIFX has a 0.95% expense ratio, which is higher than FSENX's 0.77% expense ratio.

Dividends

MGIFX vs. FSENX - Dividend Comparison

MGIFX's dividend yield for the trailing twelve months is around 49.24%, more than FSENX's 1.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSENX Fidelity Select Energy Portfolio	1.53%	1.95%	1.95%	1.98%	2.50%	2.25%	3.43%	1.84%	1.48%	1.74%	0.62%	1.29%
MGIFX Mondrian Global Listed Infrastructure Fund	49.24%	7.56%	3.17%	5.41%	8.60%	7.13%	6.18%	6.74%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MGIFX and FSENX in my portfolio?

MGIFX and FSENX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.