VOOG vs. FSENX

Last updated Jun 16, 2026

VOOG (Vanguard S&P 500 Growth ETF) and FSENX (Fidelity Select Energy Portfolio) are both funds - VOOG is a S&P 500 fund tracking the S&P 500 Growth Index, while FSENX is a Energy Equities fund actively managed by Fidelity. VOOG is passively managed, while FSENX is actively managed. Over the past 10 years, VOOG returned 18.26%/yr vs 9.54%/yr for FSENX. At a 0.45 correlation, their price movements are largely independent. VOOG charges 0.07%/yr vs 0.77%/yr for FSENX.

Performance

VOOG vs. FSENX - 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 Energy Portfolio (FSENX). 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 FSENX's 33.98% return. Over the past 10 years, VOOG has outperformed FSENX with an annualized return of 18.26%, while FSENX has yielded a comparatively lower 9.54% 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%

FSENX

• 1D: 0.80%
• 1M: -3.29%
• YTD: 33.98%
• 6M: 33.61%
• 1Y: 42.14%
• 3Y*: 18.48%
• 5Y*: 21.85%
• 10Y*: 9.54%

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

VOOG vs. FSENX - 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%
FSENX Fidelity Select Energy Portfolio	33.98%	10.56%	4.26%	0.94%	62.98%	55.31%	-32.51%	9.90%	-24.94%	-2.65%

Correlation

The correlation between VOOG and FSENX is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.45

The correlation between VOOG and FSENX shifts across timeframes, from -0.12 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VOOG vs. FSENX — 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

FSENX

FSENX Risk / Return Rank: 77
FSENX Sharpe Ratio Rank: 80
FSENX Sortino Ratio Rank: 71
FSENX Omega Ratio Rank: 61
FSENX Calmar Ratio Rank: 92
FSENX Martin Ratio Rank: 80

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. FSENX - 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 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.

	VOOG	FSENX	Difference
Sharpe ratio: Return per unit of total volatility	1.97	2.28	-0.31
Sortino ratio: Return per unit of downside risk	2.64	2.95	-0.31
Omega ratio: Gain probability vs. loss probability	1.34	1.36	-0.02
Calmar ratio: Return relative to maximum drawdown	2.40	4.51	-2.10
Martin ratio: Return relative to average drawdown	9.66	12.76	-3.10

VOOG vs. FSENX - Sharpe Ratio Comparison

The current VOOG Sharpe Ratio is 1.97, which is comparable to the FSENX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of VOOG and FSENX, 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. FSENX - Drawdown Comparison

The maximum VOOG drawdown since its inception was -32.73%, smaller than the maximum FSENX drawdown of -76.24%. Use the drawdown chart below to compare losses from any high point for VOOG and FSENX.

Drawdown Indicators

	VOOG	FSENX	Difference
Max Drawdown Largest peak-to-trough decline	-32.73%	-76.24%	+43.51%
Max Drawdown (1Y) Largest decline over 1 year	-13.71%	-9.95%	-3.76%
Max Drawdown (3Y) Largest decline over 3 years	-22.18%	-25.85%	+3.67%
Max Drawdown (5Y) Largest decline over 5 years	-32.73%	-28.02%	-4.71%
Max Drawdown (10Y) Largest decline over 10 years	-32.73%	-72.11%	+39.38%
Current Drawdown Current decline from peak	-1.93%	-5.82%	+3.89%
Average Drawdown Average peak-to-trough decline	-4.96%	-17.00%	+12.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	3.51%	-0.10%

Volatility

VOOG vs. FSENX - Volatility Comparison

Vanguard S&P 500 Growth ETF (VOOG) and Fidelity Select Energy Portfolio (FSENX) have volatilities of 6.82% and 6.62%, 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

	VOOG	FSENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.82%	6.62%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	13.71%	15.63%	-1.92%
Volatility (1Y) Calculated over the trailing 1-year period	16.80%	19.72%	-2.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.33%	27.30%	-5.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.81%	30.93%	-10.12%

VOOG vs. FSENX - Expense Ratio Comparison

VOOG has a 0.07% expense ratio, which is lower than FSENX's 0.77% expense ratio.

Dividends

VOOG vs. FSENX - Dividend Comparison

VOOG's dividend yield for the trailing twelve months is around 0.44%, less than FSENX's 1.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSENX Fidelity Select Energy Portfolio	1.60%	1.95%	1.95%	1.98%	2.50%	2.25%	3.43%	1.84%	1.48%	1.74%	0.62%	1.29%
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 FSENX in my portfolio?

VOOG and FSENX have a correlation of -0.12, 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 FSENX?

VOOG has higher volatility (6.82%) compared to FSENX (6.62%). In terms of maximum drawdown, VOOG dropped -32.73% vs FSENX's -76.24%.

Which has better risk-adjusted returns?

FSENX currently has the higher Sharpe Ratio (2.28 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.