STPAX vs. FSELX
Compare and contrast key facts about Saratoga Technology & Communications Portfolio (STPAX) and Fidelity Select Semiconductors Portfolio (FSELX).
STPAX is managed by Saratoga. It was launched on Oct 21, 1997. FSELX is managed by Fidelity. It was launched on Jul 29, 1985.
Performance
STPAX vs. FSELX - Performance Comparison
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STPAX vs. FSELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STPAX Saratoga Technology & Communications Portfolio | -13.24% | 16.20% | 20.02% | 45.01% | -31.89% | 16.54% | 26.75% | 45.00% | 0.06% | 27.77% |
FSELX Fidelity Select Semiconductors Portfolio | 0.00% | 52.17% | 49.68% | 78.49% | -35.27% | 59.16% | 44.33% | 64.50% | -12.01% | 34.51% |
Returns By Period
Over the past 10 years, STPAX has underperformed FSELX with an annualized return of 13.99%, while FSELX has yielded a comparatively higher 31.42% annualized return.
STPAX
- 1D
- -0.28%
- 1M
- -7.59%
- YTD
- -13.24%
- 6M
- -11.57%
- 1Y
- 9.86%
- 3Y*
- 14.93%
- 5Y*
- 5.91%
- 10Y*
- 13.99%
FSELX
- 1D
- -4.27%
- 1M
- -9.75%
- YTD
- 0.00%
- 6M
- 7.40%
- 1Y
- 85.27%
- 3Y*
- 43.05%
- 5Y*
- 30.67%
- 10Y*
- 31.42%
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STPAX vs. FSELX - Expense Ratio Comparison
STPAX has a 2.53% expense ratio, which is higher than FSELX's 0.68% expense ratio.
Return for Risk
STPAX vs. FSELX — Risk / Return Rank
STPAX
FSELX
STPAX vs. FSELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Technology & Communications Portfolio (STPAX) 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.
| STPAX | FSELX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | 2.07 | -1.63 |
Sortino ratioReturn per unit of downside risk | 0.79 | 2.72 | -1.93 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.38 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 0.45 | 4.58 | -4.13 |
Martin ratioReturn relative to average drawdown | 1.53 | 18.71 | -17.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| STPAX | FSELX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 2.07 | -1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.80 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.91 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.49 | -0.26 |
Correlation
The correlation between STPAX and FSELX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
STPAX vs. FSELX - Dividend Comparison
STPAX's dividend yield for the trailing twelve months is around 19.94%, more than FSELX's 11.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STPAX Saratoga Technology & Communications Portfolio | 19.94% | 17.30% | 13.90% | 7.63% | 22.55% | 13.94% | 14.21% | 12.52% | 4.84% | 8.32% | 9.28% | 12.58% |
FSELX Fidelity Select Semiconductors Portfolio | 11.11% | 11.11% | 7.97% | 7.20% | 6.69% | 6.99% | 8.13% | 3.36% | 26.80% | 14.44% | 3.82% | 15.22% |
Drawdowns
STPAX vs. FSELX - Drawdown Comparison
The maximum STPAX drawdown since its inception was -94.25%, which is greater than FSELX's maximum drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for STPAX and FSELX.
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Drawdown Indicators
| STPAX | FSELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.25% | -82.54% | -11.71% |
Max Drawdown (1Y)Largest decline over 1 year | -15.49% | -17.23% | +1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -37.07% | -46.37% | +9.30% |
Max Drawdown (10Y)Largest decline over 10 years | -37.07% | -46.37% | +9.30% |
Current DrawdownCurrent decline from peak | -15.49% | -14.38% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -59.11% | -28.82% | -30.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 4.21% | +0.33% |
Volatility
STPAX vs. FSELX - Volatility Comparison
The current volatility for Saratoga Technology & Communications Portfolio (STPAX) is 5.08%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 10.47%. This indicates that STPAX 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.
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Volatility by Period
| STPAX | FSELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 10.47% | -5.39% |
Volatility (6M)Calculated over the trailing 6-month period | 12.41% | 24.91% | -12.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.65% | 40.89% | -18.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.65% | 38.58% | -16.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.95% | 34.71% | -12.76% |