TINY vs. FSELX

Last updated Aug 2, 2026

TINY (ProShares Nanotechnology ETF) and FSELX (Fidelity Select Semiconductors Portfolio) are both funds - TINY is a Technology Equities fund tracking the Solactive Nanotechnology Index, while FSELX is a Semiconductors fund managed by Fidelity. Over the past 3 years, TINY returned 24.31%/yr vs 50.94%/yr for FSELX. Their correlation of 0.87 means they have usually moved in the same direction. TINY charges 0.58%/yr vs 0.68%/yr for FSELX.

Performance

TINY vs. FSELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nanotechnology ETF (TINY) 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, TINY achieves a 43.61% return, which is significantly lower than FSELX's 48.22% return.

TINY

• 1D: 1.48%
• 1M: -11.41%
• 6M: 20.75%
• YTD: 43.61%
• 1Y: 79.06%
• 3Y*: 24.31%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.00%

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
TINY ProShares Nanotechnology ETF	$683.29K	$1.59M	$1.37M

TINY vs. FSELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TINY ProShares Nanotechnology ETF	43.61%	19.98%	6.63%	47.97%	-34.14%	8.60%
FSELX Fidelity Select Semiconductors Portfolio	48.22%	52.17%	49.68%	78.49%	-35.27%	20.88%

Correlation

The correlation between TINY and FSELX is 0.80, 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.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (All Time) Calculated using the full available price history since Oct 27, 2021	0.87

The correlation between TINY and FSELX has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

Return for Risk

TINY vs. FSELX — Risk / Return Rank

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

TINY

TINY Risk / Return Rank: 80
TINY Sharpe Ratio Rank: 85
TINY Sortino Ratio Rank: 78
TINY Omega Ratio Rank: 77
TINY Calmar Ratio Rank: 78
TINY Martin Ratio Rank: 83

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.

TINY vs. FSELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nanotechnology ETF (TINY) 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.

	TINY	FSELX	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.91	+0.08
Sortino ratio: Return per unit of downside risk	2.50	2.35	+0.16
Omega ratio: Gain probability vs. loss probability	1.32	1.31	+0.02
Calmar ratio: Return relative to maximum drawdown	2.78	2.90	-0.12
Martin ratio: Return relative to average drawdown	11.41	12.21	-0.80

TINY vs. FSELX - Sharpe Ratio Comparison

The current TINY Sharpe Ratio is 1.98, which is comparable to the FSELX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of TINY 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

TINY vs. FSELX - Drawdown Comparison

The maximum TINY drawdown since its inception was -43.79%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for TINY and FSELX.

Drawdown Indicators

	TINY	FSELX	Difference
Max Drawdown Largest peak-to-trough decline	-43.79%	-82.54%	+38.75%
Max Drawdown (1Y) Largest decline over 1 year	-27.86%	-26.87%	-0.99%
Max Drawdown (3Y) Largest decline over 3 years	-42.13%	-36.31%	-5.82%
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	-21.24%	-21.63%	+0.39%
Average Drawdown Average peak-to-trough decline	-15.94%	-28.63%	+12.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.77%	6.37%	+0.40%

Volatility

TINY vs. FSELX - Volatility Comparison

ProShares Nanotechnology ETF (TINY) and Fidelity Select Semiconductors Portfolio (FSELX) have volatilities of 17.53% 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

	TINY	FSELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.53%	16.75%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	33.68%	34.43%	-0.75%
Volatility (1Y) Calculated over the trailing 1-year period	39.15%	40.79%	-1.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.53%	40.42%	-6.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.53%	35.84%	-2.31%

TINY vs. FSELX - Expense Ratio Comparison

TINY has a 0.58% expense ratio, which is lower than FSELX's 0.68% expense ratio.

Dividends

TINY vs. FSELX - Dividend Comparison

TINY's dividend yield for the trailing twelve months is around 0.19%, 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%
TINY ProShares Nanotechnology ETF	0.19%	0.29%	0.01%	0.35%	0.42%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TINY and FSELX in my portfolio?

TINY and FSELX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TINY or FSELX?

TINY has higher volatility (17.53%) compared to FSELX (16.75%). In terms of maximum drawdown, TINY dropped -43.79% vs FSELX's -82.54%.

Which has better risk-adjusted returns?

TINY currently has the higher Sharpe Ratio (1.98 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.