VOOG vs. FSELX

Last updated Jun 16, 2026

VOOG (Vanguard S&P 500 Growth ETF) and FSELX (Fidelity Select Semiconductors Portfolio) are both funds - VOOG is a S&P 500 fund tracking the S&P 500 Growth Index, while FSELX is a Semiconductors fund managed by Fidelity. Over the past 10 years, VOOG returned 18.26%/yr vs 38.66%/yr for FSELX. A 0.79 correlation means they provide meaningful diversification when combined. VOOG charges 0.07%/yr vs 0.68%/yr for FSELX.

Performance

VOOG vs. FSELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 Growth ETF (VOOG) 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, VOOG achieves a 12.80% return, which is significantly lower than FSELX's 75.57% return. Over the past 10 years, VOOG has underperformed FSELX with an annualized return of 18.26%, while FSELX has yielded a comparatively higher 38.66% annualized return.

VOOG

• 1D: 2.86%
• 1M: 1.56%
• YTD: 12.80%
• 6M: 14.09%
• 1Y: 32.82%
• 3Y*: 26.64%
• 5Y*: 15.50%
• 10Y*: 18.26%

FSELX

• 1D: 0.54%
• 1M: 9.98%
• YTD: 75.57%
• 6M: 81.10%
• 1Y: 146.80%
• 3Y*: 62.89%
• 5Y*: 44.56%
• 10Y*: 38.66%

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

VOOG vs. FSELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOOG Vanguard S&P 500 Growth ETF	12.80%	22.11%	35.89%	29.96%	-29.48%	31.95%	33.35%	30.93%	-0.21%	27.19%
FSELX Fidelity Select Semiconductors Portfolio	75.57%	52.17%	49.68%	78.49%	-35.27%	59.16%	44.33%	64.50%	-12.01%	34.51%

Correlation

The correlation between VOOG and FSELX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.79

The correlation between VOOG and FSELX has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.

Return for Risk

VOOG vs. FSELX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VOOG

VOOG Risk / Return Rank: 62
VOOG Sharpe Ratio Rank: 68
VOOG Sortino Ratio Rank: 64
VOOG Omega Ratio Rank: 64
VOOG Calmar Ratio Rank: 53
VOOG Martin Ratio Rank: 60

FSELX

FSELX Risk / Return Rank: 95
FSELX Sharpe Ratio Rank: 99
FSELX Sortino Ratio Rank: 91
FSELX Omega Ratio Rank: 88
FSELX Calmar Ratio Rank: 99
FSELX Martin Ratio Rank: 98

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.

VOOG vs. FSELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Growth ETF (VOOG) 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.

	VOOG	FSELX	Difference
Sharpe ratio: Return per unit of total volatility	1.97	4.01	-2.05
Sortino ratio: Return per unit of downside risk	2.64	4.12	-1.48
Omega ratio: Gain probability vs. loss probability	1.34	1.57	-0.22
Calmar ratio: Return relative to maximum drawdown	2.40	9.80	-7.40
Martin ratio: Return relative to average drawdown	9.66	35.42	-25.76

VOOG vs. FSELX - Sharpe Ratio Comparison

The current VOOG Sharpe Ratio is 1.97, which is lower than the FSELX Sharpe Ratio of 4.01. The chart below compares the historical Sharpe Ratios of VOOG 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

VOOG vs. FSELX - Drawdown Comparison

The maximum VOOG drawdown since its inception was -32.73%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for VOOG and FSELX.

Drawdown Indicators

	VOOG	FSELX	Difference
Max Drawdown Largest peak-to-trough decline	-32.73%	-82.54%	+49.81%
Max Drawdown (1Y) Largest decline over 1 year	-13.71%	-14.38%	+0.67%
Max Drawdown (3Y) Largest decline over 3 years	-22.18%	-36.31%	+14.13%
Max Drawdown (5Y) Largest decline over 5 years	-32.73%	-46.37%	+13.64%
Max Drawdown (10Y) Largest decline over 10 years	-32.73%	-46.37%	+13.64%
Current Drawdown Current decline from peak	-1.93%	-5.82%	+3.89%
Average Drawdown Average peak-to-trough decline	-4.96%	-28.68%	+23.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	3.97%	-0.56%

Volatility

VOOG vs. FSELX - Volatility Comparison

The current volatility for Vanguard S&P 500 Growth ETF (VOOG) is 6.82%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 17.08%. This indicates that VOOG 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.

Volatility by Period

	VOOG	FSELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.82%	17.08%	-10.26%
Volatility (6M) Calculated over the trailing 6-month period	13.71%	28.70%	-14.99%
Volatility (1Y) Calculated over the trailing 1-year period	16.80%	35.11%	-18.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.33%	39.36%	-18.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.81%	35.29%	-14.48%

VOOG vs. FSELX - Expense Ratio Comparison

VOOG has a 0.07% expense ratio, which is lower than FSELX's 0.68% expense ratio.

Dividends

VOOG vs. FSELX - Dividend Comparison

VOOG's dividend yield for the trailing twelve months is around 0.44%, less than FSELX's 9.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSELX Fidelity Select Semiconductors Portfolio	9.33%	11.11%	7.97%	7.20%	6.69%	6.99%	8.13%	3.36%	26.80%	14.44%	3.82%	15.22%
VOOG Vanguard S&P 500 Growth ETF	0.44%	0.49%	0.49%	1.12%	0.93%	0.53%	0.88%	1.26%	1.34%	1.32%	1.47%	1.56%

Frequently Asked Questions

Can I hold both VOOG and FSELX in my portfolio?

VOOG and FSELX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOOG or FSELX?

FSELX has higher volatility (17.08%) compared to VOOG (6.82%). In terms of maximum drawdown, VOOG dropped -32.73% vs FSELX's -82.54%.

Which has better risk-adjusted returns?

FSELX currently has the higher Sharpe Ratio (4.01 vs 1.97), 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.