SEMI vs. FSELX

Last updated Aug 2, 2026

SEMI (Columbia Select Technology ETF) and FSELX (Fidelity Select Semiconductors Portfolio) are both Semiconductors funds. Over the past 3 years, SEMI returned 22.20%/yr vs 50.94%/yr for FSELX. Their correlation of 0.94 means they have usually moved in the same direction. SEMI charges 0.75%/yr vs 0.68%/yr for FSELX.

Performance

SEMI vs. FSELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Select Technology ETF (SEMI) 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, SEMI achieves a 20.82% return, which is significantly lower than FSELX's 48.22% return.

SEMI

• 1D: 1.20%
• 1M: -2.42%
• 6M: 17.71%
• YTD: 20.82%
• 1Y: 36.55%
• 3Y*: 22.20%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.42%

FSELX

• 1D: 7.17%
• 1M: -8.92%
• 6M: 32.88%
• YTD: 48.22%
• 1Y: 83.24%
• 3Y*: 50.94%
• 5Y*: 38.34%
• 10Y*: 35.08%
• ALL TIME*: 16.72%

*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)
FSELX Fidelity Select Semiconductors Portfolio	$0.00	$0.00	$0.00
SEMI Columbia Select Technology ETF	$400.16K	$369.67K	$553.99K

SEMI vs. FSELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SEMI Columbia Select Technology ETF	20.82%	24.91%	15.87%	45.37%	-23.94%
FSELX Fidelity Select Semiconductors Portfolio	48.22%	52.17%	49.68%	78.49%	-30.52%

Correlation

The correlation between SEMI and FSELX is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022	0.94

The correlation between SEMI and FSELX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

SEMI vs. FSELX — Risk / Return Rank

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

SEMI

SEMI Risk / Return Rank: 54
SEMI Sharpe Ratio Rank: 51
SEMI Sortino Ratio Rank: 49
SEMI Omega Ratio Rank: 48
SEMI Calmar Ratio Rank: 63
SEMI Martin Ratio Rank: 60

FSELX

FSELX Risk / Return Rank: 80
FSELX Sharpe Ratio Rank: 81
FSELX Sortino Ratio Rank: 72
FSELX Omega Ratio Rank: 72
FSELX Calmar Ratio Rank: 86
FSELX Martin Ratio Rank: 90

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.

SEMI vs. FSELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Select Technology ETF (SEMI) 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.

	SEMI	FSELX	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.91	-0.68
Sortino ratio: Return per unit of downside risk	1.73	2.35	-0.61
Omega ratio: Gain probability vs. loss probability	1.22	1.31	-0.09
Calmar ratio: Return relative to maximum drawdown	2.21	2.90	-0.69
Martin ratio: Return relative to average drawdown	7.18	12.21	-5.02

SEMI vs. FSELX - Sharpe Ratio Comparison

The current SEMI Sharpe Ratio is 1.23, which is lower than the FSELX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of SEMI 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

SEMI vs. FSELX - Drawdown Comparison

The maximum SEMI drawdown since its inception was -33.46%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for SEMI and FSELX.

Drawdown Indicators

	SEMI	FSELX	Difference
Max Drawdown Largest peak-to-trough decline	-33.46%	-82.54%	+49.08%
Max Drawdown (1Y) Largest decline over 1 year	-15.42%	-26.87%	+11.45%
Max Drawdown (3Y) Largest decline over 3 years	-32.93%	-36.31%	+3.38%
Max Drawdown (5Y) Largest decline over 5 years	—	-46.37%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.37%	—
Current Drawdown Current decline from peak	-9.11%	-21.63%	+12.52%
Average Drawdown Average peak-to-trough decline	-9.79%	-28.63%	+18.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.73%	6.37%	-1.64%

Volatility

SEMI vs. FSELX - Volatility Comparison

The current volatility for Columbia Select Technology ETF (SEMI) is 11.21%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 16.75%. This indicates that SEMI 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

	SEMI	FSELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.21%	16.75%	-5.54%
Volatility (6M) Calculated over the trailing 6-month period	23.51%	34.43%	-10.92%
Volatility (1Y) Calculated over the trailing 1-year period	27.60%	40.79%	-13.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.11%	40.42%	-8.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.11%	35.84%	-3.73%

SEMI vs. FSELX - Expense Ratio Comparison

SEMI has a 0.75% expense ratio, which is higher than FSELX's 0.68% expense ratio.

Dividends

SEMI vs. FSELX - Dividend Comparison

SEMI's dividend yield for the trailing twelve months is around 3.71%, less than FSELX's 11.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSELX Fidelity Select Semiconductors Portfolio	11.05%	11.11%	7.97%	7.20%	6.69%	6.99%	8.13%	3.36%	26.80%	14.44%	3.82%	15.22%
SEMI Columbia Select Technology ETF	3.71%	4.48%	0.96%	0.87%	0.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SEMI and FSELX in my portfolio?

With a correlation of 0.90, SEMI and FSELX 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, SEMI or FSELX?

FSELX has higher volatility (16.75%) compared to SEMI (11.21%). In terms of maximum drawdown, SEMI dropped -33.46% vs FSELX's -82.54%.

Which has better risk-adjusted returns?

FSELX currently has the higher Sharpe Ratio (1.91 vs 1.23), 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.