FSELX’s worst drop since 1999 was 83%
Fidelity Select Semiconductors Portfolio (FSELX) fell 83% from Jul 2000 to Oct 2002. It took 16.0 years from that peak to close at a new high, in Aug 2016. Over the same years the S&P 500 fell as much as 55%.
That drop ranks 2nd deepest among the 109 mutual funds PortfolioAutopsy tracks.
Drawdown from the last high, 1999 to now
How FSELX held up in each crash
| Crash | Years | FSELX | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | −82.5% | −47.5% |
| Financial crisis | 2007–09 | −64.1% | −55.2% |
| COVID crash | 2020 | −40.1% | −33.7% |
| 2022 rate shock | 2022 | −45.9% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how FSELX behaves inside your whole mix, with the worst 12 months, loss odds and crash replays. Free, no signup, and the math runs in your browser.
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What was FSELX’s maximum drawdown?
FSELX’s deepest fall since 1999 was 82.5%, from its high on July 17, 2000 to its low on October 9, 2002. The figure uses daily prices with dividends reinvested.
How long did FSELX take to recover?
16.0 years. FSELX first closed above its Jul 2000 high again on August 9, 2016.
Was FSELX riskier than the S&P 500?
Over the same years, FSELX’s worst drop was 82.5% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −65.4% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, January 5, 1999 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.