Compare/Updated Oct 26, 2026, refreshed every trading day
FSELX vs SMH
Fidelity Select Semiconductors Portfolio against VanEck Semiconductor ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
SMH did better over the period: $1,000 invested on October 28, 2022 grew to $5,590, versus $4,644 for FSELX. SMH also led over three years (+266.5% versus +187.2%), year to date (+46.4% versus +28.3%), and one year (+55.7% versus +30.0%). The result matters because SMH delivered substantially higher growth while also showing lower 12-month volatility, 40.0% versus 43.0%, and a less severe worst drawdown, -35.7% versus -37.2%. FSELX was more aggressive, moving 1.05% for each 1% move in SMH, but it won in only 19 of the last 48 months; SMH won the other 29. Both funds were highly correlated, at 0.952 daily over the comparison period and 0.900 over the last 12 months, so SMH’s advantage came with limited diversification benefit from holding both.
- Technical indicators are not available for this ticker yet.
- Price is above its 200-day average ($515); 50-day at $575.
- RSI 33, neutral. Supertrend says sell. ADX 26, so the trend is strong.
Head to head
Which has returned more, FSELX or SMH?
FSELX beat SMH in 19 of the last 48 months; SMH won the other 29. The typical monthly gap was 1.36 points.
Total return by period
Which is riskier?
FSELX: Jan 22, 2025 to Apr 21, 2025; SMH: Jul 10, 2024 to Apr 8, 2025
- 0.952
- correlation of daily moves, 4 years
- 1.05
- FSELX move per 1% in SMH
- 0.900
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 1.36 points.
When did they diverge?
| Month | FSELX | SMH | Gap |
|---|---|---|---|
| April 2026 | +24.8% | +32.2% | -7.42 pts |
| October 2023 | -10.7% | -4.2% | -6.54 pts |
| February 2023 | +6.5% | +1.0% | +5.51 pts |
| April 2025 | -5.6% | -0.1% | -5.48 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with FSELX and SMH?
- Price
- $55.49
Go deeper
Ask InvestGPT which one fits your portfolio.
Eight research agents read your holdings, the overlap and the tax side, then answer in plain words. Free accounts get one report a month.
More comparisons
Find another comparison.
Track both, get told when something changes.
Add FSELX and SMH to a watchlist and Kavout emails you when a signal flips or a price target is hit.
Free account, no card