VEMAX vs. FSENX
VEMAX (Vanguard Emerging Markets Stock Index Fund Admiral Shares) and FSENX (Fidelity Select Energy Portfolio) are both mutual funds - VEMAX is a Emerging Markets Equities fund tracking the FTSE Emerging Markets All Cap China A Inclusion Index, while FSENX is a Energy Equities fund actively managed by Fidelity. VEMAX is passively managed, while FSENX is actively managed. Over the past 10 years, VEMAX returned 7.42%/yr vs 9.81%/yr for FSENX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. VEMAX charges 0.13%/yr vs 0.77%/yr for FSENX.
Performance
VEMAX vs. FSENX - Performance Comparison
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Returns By Period
In the year-to-date period, VEMAX achieves a 5.98% return, which is significantly lower than FSENX's 37.55% return. Over the past 10 years, VEMAX has underperformed FSENX with an annualized return of 7.42%, while FSENX has yielded a comparatively higher 9.81% annualized return.
VEMAX
- 1D
- -1.03%
- 1M
- -4.64%
- 6M
- -1.07%
- YTD
- 5.98%
- 1Y
- 16.20%
- 3Y*
- 13.11%
- 5Y*
- 5.41%
- 10Y*
- 7.42%
- ALL TIME*
- 5.92%
FSENX
- 1D
- 1.59%
- 1M
- 9.38%
- 6M
- 20.24%
- YTD
- 37.55%
- 1Y
- 44.60%
- 3Y*
- 16.25%
- 5Y*
- 25.29%
- 10Y*
- 9.81%
- ALL TIME*
- 8.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VEMAX vs. FSENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares | 5.98% | 24.76% | 11.34% | 8.82% | -17.79% | 0.85% | 15.24% | 20.29% | -14.59% | 31.37% |
FSENX Fidelity Select Energy Portfolio | 37.55% | 10.56% | 4.26% | 0.94% | 62.98% | 55.31% | -32.51% | 9.90% | -24.94% | -2.65% |
Correlation
The correlation between VEMAX and FSENX is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2006 | 0.55 |
The correlation between VEMAX and FSENX shifts across timeframes, from -0.04 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VEMAX vs. FSENX — Risk / Return Rank
VEMAX
FSENX
VEMAX vs. FSENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) and Fidelity Select Energy Portfolio (FSENX). 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.
| VEMAX | FSENX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.35 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 3.53 | -2.12 |
| Martin ratioReturn relative to average drawdown | 4.73 | 9.62 | -4.89 |
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Drawdowns
VEMAX vs. FSENX - Drawdown Comparison
The maximum VEMAX drawdown since its inception was -66.45%, smaller than the maximum FSENX drawdown of -76.24%. Use the drawdown chart below to compare losses from any high point for VEMAX and FSENX.
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Drawdown Indicators
| VEMAX | FSENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.45% | -76.24% | +9.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -12.22% | +1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -15.78% | -25.85% | +10.07% |
Max Drawdown (5Y)Largest decline over 5 years | -30.69% | -28.02% | -2.67% |
Max Drawdown (10Y)Largest decline over 10 years | -36.11% | -72.11% | +36.00% |
Current DrawdownCurrent decline from peak | -7.01% | -3.32% | -3.69% |
Average DrawdownAverage peak-to-trough decline | -16.02% | -16.98% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 4.53% | -1.24% |
Volatility
VEMAX vs. FSENX - Volatility Comparison
The current volatility for Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) is 5.00%, while Fidelity Select Energy Portfolio (FSENX) has a volatility of 5.88%. This indicates that VEMAX experiences smaller price fluctuations and is considered to be less risky than FSENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEMAX | FSENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 5.88% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 13.71% | 15.85% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 20.17% | -4.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 27.01% | -11.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.50% | 30.84% | -14.34% |
VEMAX vs. FSENX - Expense Ratio Comparison
VEMAX has a 0.13% expense ratio, which is lower than FSENX's 0.77% expense ratio.
Dividends
VEMAX vs. FSENX - Dividend Comparison
VEMAX's dividend yield for the trailing twelve months is around 2.39%, more than FSENX's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSENX Fidelity Select Energy Portfolio | 1.56% | 1.95% | 1.95% | 1.98% | 2.50% | 2.25% | 3.43% | 1.84% | 1.48% | 1.74% | 0.62% | 1.29% |
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares | 2.39% | 2.74% | 3.13% | 3.47% | 4.05% | 2.57% | 1.87% | 3.20% | 2.85% | 2.31% | 2.51% | 3.25% |
Frequently Asked Questions
VEMAX and FSENX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSENX has higher volatility (5.88%) compared to VEMAX (5.00%). In terms of maximum drawdown, VEMAX dropped -66.45% vs FSENX's -76.24%.
FSENX currently has the higher Sharpe Ratio (2.14 vs 0.98), 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.
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