SHOC vs. FSELX

Last updated Jun 24, 2026

SHOC (Strive U.S. Semiconductor ETF) and FSELX (Fidelity Select Semiconductors Portfolio) are both Semiconductors funds. Over the past 3 years, SHOC returned 52.16%/yr vs 69.14%/yr for FSELX. With a 0.97 correlation, they move nearly in lockstep. 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

In the year-to-date period, SHOC achieves a 68.19% return, which is significantly lower than FSELX's 89.12% return.

SHOC

• 1D: -7.43%
• 1M: 7.16%
• YTD: 68.19%
• 6M: 66.31%
• 1Y: 131.94%
• 3Y*: 52.16%
• 5Y*: —
• 10Y*: —

FSELX

• 1D: 0.90%
• 1M: 13.81%
• YTD: 89.12%
• 6M: 86.03%
• 1Y: 158.55%
• 3Y*: 69.14%
• 5Y*: 46.40%
• 10Y*: 40.05%

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

SHOC vs. FSELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SHOC Strive U.S. Semiconductor ETF	68.19%	49.91%	16.74%	61.97%	-1.79%
FSELX Fidelity Select Semiconductors Portfolio	89.12%	52.17%	49.68%	78.49%	-0.11%

Correlation

The correlation between SHOC and FSELX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	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 risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHOC

SHOC Risk / Return Rank: 93
SHOC Sharpe Ratio Rank: 95
SHOC Sortino Ratio Rank: 88
SHOC Omega Ratio Rank: 89
SHOC Calmar Ratio Rank: 96
SHOC Martin Ratio Rank: 96

FSELX

FSELX Risk / Return Rank: 96
FSELX Sharpe Ratio Rank: 99
FSELX Sortino Ratio Rank: 93
FSELX Omega Ratio Rank: 90
FSELX Calmar Ratio Rank: 99
FSELX Martin Ratio Rank: 99

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.

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	3.72	4.48	-0.76
Sortino ratio: Return per unit of downside risk	3.82	4.42	-0.61
Omega ratio: Gain probability vs. loss probability	1.53	1.61	-0.08
Calmar ratio: Return relative to maximum drawdown	9.09	11.17	-2.08
Martin ratio: Return relative to average drawdown	31.95	40.11	-8.16

SHOC vs. FSELX - Sharpe Ratio Comparison

The current SHOC Sharpe Ratio is 3.72, which is comparable to the FSELX Sharpe Ratio of 4.48. 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	-14.59%	-14.38%	-0.21%
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	-7.43%	0.00%	-7.43%
Average Drawdown Average peak-to-trough decline	-7.44%	-28.67%	+21.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.15%	4.00%	+0.15%

Volatility

SHOC vs. FSELX - Volatility Comparison

Strive U.S. Semiconductor ETF (SHOC) has a higher volatility of 19.00% compared to Fidelity Select Semiconductors Portfolio (FSELX) at 17.93%. This indicates that SHOC's price experiences larger fluctuations and is considered to be riskier than FSELX based on this measure. 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	19.00%	17.93%	+1.07%
Volatility (6M) Calculated over the trailing 6-month period	29.24%	28.90%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	35.72%	35.97%	-0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.06%	39.57%	-3.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.06%	35.41%	+0.65%

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 8.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSELX Fidelity Select Semiconductors Portfolio	8.66%	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?

SHOC has higher volatility (19.00%) compared to FSELX (17.93%). In terms of maximum drawdown, SHOC dropped -37.54% vs FSELX's -82.54%.

Which has better risk-adjusted returns?

FSELX currently has the higher Sharpe Ratio (4.48 vs 3.72), 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.