Fidelity Select Competition
| FSELX Fund | USD 47.68 1.72 3.74% |
Correlation: Fidelity Select vs Franklin Dynatech View
Weak diversification
For the present investment horizon, the measured correlation between FSELX and FKDNX stands at 0.32, or Weak diversification. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.
Moving together with Fidelity Mutual Fund
The mean reversion effect in Fidelity Select's is stronger when the initial deviation was driven by sentiment rather than fundamental change. Identifying the root cause of Fidelity Select's price dislocation is essential before acting.
Fidelity Select Competition Correlation Matrix
Correlation analysis between Fidelity Select Semiconductors and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Fidelity Mutual Fund performing well and Fidelity Select Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Fidelity Select's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JVMIX | 0.79 | 0.18 | 0.23 | 0.18 | 0.56 | 1.78 | 10.89 | |||
| JVMAX | 0.80 | 0.20 | 0.25 | 0.20 | 0.53 | 1.79 | 11.52 | |||
| RITGX | 0.12 | 0.01 | 0.04 | 0.10 | 0.02 | 0.30 | 0.92 | |||
| DFLVX | 0.60 | 0.09 | 0.12 | 0.10 | 0.61 | 1.33 | 3.59 | |||
| FJTKX | 0.56 | 0.04 | 0.05 | 0.06 | 0.74 | 0.96 | 4.36 | |||
| BHYIX | 0.10 | 0.00 | 0.01 | 0.01 | 0.02 | 0.28 | 0.70 | |||
| FSPTX | 1.07 | -0.02 | 0.00 | -0.02 | 0.00 | 1.80 | 6.60 | |||
| GQGPX | 0.63 | 0.04 | 0.04 | 0.07 | 0.84 | 1.30 | 4.29 | |||
| RFKTX | 0.54 | 0.00 | 0.00 | 0.00 | 0.75 | 0.88 | 3.97 | |||
| FKDNX | 1.16 | 0.07 | 0.05 | 0.07 | 1.46 | 1.86 | 16.97 |
Fidelity Select Competitive Analysis
Placing Fidelity Select in context against its competitive peers gives investors a deeper understanding of its investment appeal. Fidelity Select's relative strengths and weaknesses become far clearer when measured against comparable companies in the sector.| Better Than Average | Worse Than Peers | View Performance Chart |
Fidelity Select Peer Performance Charts
How to Analyze Fidelity Select Against Peers
Fidelity Select's peer analysis compares Fidelity Select with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether Fidelity Select trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where Fidelity Select leads or lags and what catalysts could close or widen the gap.