PRDGX vs. FSENX

Last updated Jul 14, 2026

PRDGX (T. Rowe Price Dividend Growth Fund, Inc.) and FSENX (Fidelity Select Energy Portfolio) are both mutual funds - PRDGX is a Large Cap Blend Equities fund actively managed by T. Rowe Price, while FSENX is a Energy Equities fund actively managed by Fidelity. Both are actively managed. Over the past 10 years, PRDGX returned 12.84%/yr vs 8.87%/yr for FSENX. A 0.56 correlation means they provide meaningful diversification when combined. PRDGX charges 0.64%/yr vs 0.77%/yr for FSENX.

Performance

PRDGX vs. FSENX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) 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, PRDGX achieves a 10.60% return, which is significantly lower than FSENX's 30.30% return. Over the past 10 years, PRDGX has outperformed FSENX with an annualized return of 12.84%, while FSENX has yielded a comparatively lower 8.87% annualized return.

PRDGX

• 1D: 0.29%
• 1M: 2.19%
• 6M: 8.18%
• YTD: 10.60%
• 1Y: 17.61%
• 3Y*: 15.56%
• 5Y*: 10.12%
• 10Y*: 12.84%

FSENX

• 1D: 0.59%
• 1M: -2.75%
• 6M: 25.63%
• YTD: 30.30%
• 1Y: 35.77%
• 3Y*: 15.52%
• 5Y*: 22.11%
• 10Y*: 8.87%

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

PRDGX vs. FSENX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRDGX T. Rowe Price Dividend Growth Fund, Inc.	10.60%	14.74%	13.48%	13.68%	-10.22%	26.03%	13.92%	31.76%	-1.06%	18.89%
FSENX Fidelity Select Energy Portfolio	30.30%	10.56%	4.26%	0.94%	62.98%	55.31%	-32.51%	9.90%	-24.94%	-2.65%

Correlation

The correlation between PRDGX and FSENX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Dec 31, 1992	0.56

Over the past year, the correlation between PRDGX and FSENX has dropped to 0.09 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

Return for Risk

PRDGX vs. FSENX — Risk / Return Rank

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

PRDGX

PRDGX Risk / Return Rank: 61
PRDGX Sharpe Ratio Rank: 63
PRDGX Sortino Ratio Rank: 64
PRDGX Omega Ratio Rank: 58
PRDGX Calmar Ratio Rank: 58
PRDGX Martin Ratio Rank: 64

FSENX

FSENX Risk / Return Rank: 62
FSENX Sharpe Ratio Rank: 69
FSENX Sortino Ratio Rank: 60
FSENX Omega Ratio Rank: 52
FSENX Calmar Ratio Rank: 81
FSENX Martin Ratio Rank: 50

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.

PRDGX vs. FSENX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) 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.

	PRDGX	FSENX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.84	-0.08
Sortino ratio: Return per unit of downside risk	2.52	2.45	+0.07
Omega ratio: Gain probability vs. loss probability	1.31	1.30	+0.01
Calmar ratio: Return relative to maximum drawdown	2.34	3.00	-0.66
Martin ratio: Return relative to average drawdown	9.64	8.18	+1.47

PRDGX vs. FSENX - Sharpe Ratio Comparison

The current PRDGX Sharpe Ratio is 1.76, which is comparable to the FSENX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of PRDGX 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

PRDGX vs. FSENX - Drawdown Comparison

The maximum PRDGX drawdown since its inception was -49.79%, smaller than the maximum FSENX drawdown of -76.24%. Use the drawdown chart below to compare losses from any high point for PRDGX and FSENX.

Drawdown Indicators

	PRDGX	FSENX	Difference
Max Drawdown Largest peak-to-trough decline	-49.79%	-76.24%	+26.45%
Max Drawdown (1Y) Largest decline over 1 year	-7.34%	-12.22%	+4.88%
Max Drawdown (3Y) Largest decline over 3 years	-14.15%	-25.85%	+11.70%
Max Drawdown (5Y) Largest decline over 5 years	-19.31%	-28.02%	+8.71%
Max Drawdown (10Y) Largest decline over 10 years	-33.18%	-72.11%	+38.93%
Current Drawdown Current decline from peak	-0.03%	-8.41%	+8.38%
Average Drawdown Average peak-to-trough decline	-5.40%	-16.99%	+11.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	4.48%	-2.70%

Volatility

PRDGX vs. FSENX - Volatility Comparison

The current volatility for T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) is 2.47%, while Fidelity Select Energy Portfolio (FSENX) has a volatility of 6.39%. This indicates that PRDGX experiences smaller price fluctuations and is considered to be less risky than FSENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRDGX	FSENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.47%	6.39%	-3.92%
Volatility (6M) Calculated over the trailing 6-month period	7.56%	15.88%	-8.32%
Volatility (1Y) Calculated over the trailing 1-year period	9.78%	19.95%	-10.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.05%	27.16%	-13.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.81%	30.85%	-15.04%

PRDGX vs. FSENX - Expense Ratio Comparison

PRDGX has a 0.64% expense ratio, which is lower than FSENX's 0.77% expense ratio.

Dividends

PRDGX vs. FSENX - Dividend Comparison

PRDGX's dividend yield for the trailing twelve months is around 7.32%, more than FSENX's 1.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSENX Fidelity Select Energy Portfolio	1.64%	1.95%	1.95%	1.98%	2.50%	2.25%	3.43%	1.84%	1.48%	1.74%	0.62%	1.29%
PRDGX T. Rowe Price Dividend Growth Fund, Inc.	7.32%	8.02%	4.66%	2.78%	3.81%	2.00%	1.03%	2.33%	3.67%	1.82%	3.07%	7.57%

Frequently Asked Questions

Can I hold both PRDGX and FSENX in my portfolio?

PRDGX 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.

Which is riskier, PRDGX or FSENX?

FSENX has higher volatility (6.39%) compared to PRDGX (2.47%). In terms of maximum drawdown, PRDGX dropped -49.79% vs FSENX's -76.24%.

Which has better risk-adjusted returns?

FSENX currently has the higher Sharpe Ratio (1.84 vs 1.76), 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.