SHOC vs. FSELX

Last updated Aug 2, 2026

SHOC (Strive U.S. Semiconductor ETF) and FSELX (Fidelity Select Semiconductors Portfolio) are both Semiconductors funds. Over the past 3 years, SHOC returned 40.54%/yr vs 50.94%/yr for FSELX. Their 0.97 correlation means they have historically moved very closely together. SHOC charges 0.40%/yr vs 0.68%/yr for FSELX.

Performance

SHOC vs. FSELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive U.S. Semiconductor ETF (SHOC) and Fidelity Select Semiconductors Portfolio (FSELX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SHOC having a 46.90% return and FSELX slightly higher at 48.22%.

SHOC

• 1D: 0.16%
• 1M: -7.69%
• 6M: 32.26%
• YTD: 46.90%
• 1Y: 85.23%
• 3Y*: 40.54%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 44.63%

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
SHOC Strive U.S. Semiconductor ETF	$1.25M	$1.87M	$2.57M

SHOC vs. FSELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SHOC Strive U.S. Semiconductor ETF	46.90%	49.91%	16.74%	61.97%	-1.79%
FSELX Fidelity Select Semiconductors Portfolio	48.22%	52.17%	49.68%	78.49%	-0.11%

Correlation

The correlation between SHOC and FSELX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (3Y) Balances recent behavior with more history.	0.97
Correlation (All Time) Calculated using the full available price history since Oct 6, 2022	0.97

The correlation between SHOC and FSELX has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

Return for Risk

SHOC vs. FSELX — Risk / Return Rank

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

SHOC

SHOC Risk / Return Rank: 84
SHOC Sharpe Ratio Rank: 87
SHOC Sortino Ratio Rank: 78
SHOC Omega Ratio Rank: 79
SHOC Calmar Ratio Rank: 86
SHOC Martin Ratio Rank: 89

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.

SHOC vs. FSELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Semiconductor ETF (SHOC) 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.

	SHOC	FSELX	Difference
Sharpe ratio: Return per unit of total volatility	2.07	1.91	+0.17
Sortino ratio: Return per unit of downside risk	2.50	2.35	+0.15
Omega ratio: Gain probability vs. loss probability	1.33	1.31	+0.02
Calmar ratio: Return relative to maximum drawdown	3.29	2.90	+0.40
Martin ratio: Return relative to average drawdown	13.55	12.21	+1.34

SHOC vs. FSELX - Sharpe Ratio Comparison

The current SHOC Sharpe Ratio is 2.07, which is comparable to the FSELX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of SHOC 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

SHOC vs. FSELX - Drawdown Comparison

The maximum SHOC drawdown since its inception was -37.54%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for SHOC and FSELX.

Drawdown Indicators

	SHOC	FSELX	Difference
Max Drawdown Largest peak-to-trough decline	-37.54%	-82.54%	+45.00%
Max Drawdown (1Y) Largest decline over 1 year	-25.20%	-26.87%	+1.67%
Max Drawdown (3Y) Largest decline over 3 years	-37.54%	-36.31%	-1.23%
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	-19.15%	-21.63%	+2.48%
Average Drawdown Average peak-to-trough decline	-7.59%	-28.63%	+21.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.11%	6.37%	-0.26%

Volatility

SHOC vs. FSELX - Volatility Comparison

Strive U.S. Semiconductor ETF (SHOC) and Fidelity Select Semiconductors Portfolio (FSELX) have volatilities of 16.48% and 16.75%, 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

	SHOC	FSELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.48%	16.75%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	34.09%	34.43%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	40.12%	40.79%	-0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.87%	40.42%	-3.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.87%	35.84%	+1.03%

SHOC vs. FSELX - Expense Ratio Comparison

SHOC has a 0.40% expense ratio, which is lower than FSELX's 0.68% expense ratio.

Dividends

SHOC vs. FSELX - Dividend Comparison

SHOC's dividend yield for the trailing twelve months is around 0.14%, 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%
SHOC Strive U.S. Semiconductor ETF	0.14%	0.23%	0.35%	0.65%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SHOC and FSELX in my portfolio?

With a correlation of 0.97, SHOC 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, SHOC or FSELX?

FSELX has higher volatility (16.75%) compared to SHOC (16.48%). In terms of maximum drawdown, SHOC dropped -37.54% vs FSELX's -82.54%.

Which has better risk-adjusted returns?

SHOC currently has the higher Sharpe Ratio (2.07 vs 1.91), 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.