AAICX vs. FSELX

Last updated Apr 2, 2026

Compare and contrast key facts about Alger AI Enablers & Adopters C (AAICX) and Fidelity Select Semiconductors Portfolio (FSELX).

AAICX is managed by Alger. It was launched on Apr 4, 2024. FSELX is managed by Fidelity. It was launched on Jul 29, 1985.

Performance

AAICX vs. FSELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger AI Enablers & Adopters C (AAICX) and Fidelity Select Semiconductors Portfolio (FSELX). The values are adjusted to include any dividend payments, if applicable.

AAICX vs. FSELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AAICX Alger AI Enablers & Adopters C	-8.09%	39.54%	32.77%
FSELX Fidelity Select Semiconductors Portfolio	7.19%	52.17%	19.16%

Returns By Period

In the year-to-date period, AAICX achieves a -8.09% return, which is significantly lower than FSELX's 7.19% return.

AAICX

• 1D: 4.85%
• 1M: -2.45%
• YTD: -8.09%
• 6M: -10.87%
• 1Y: 44.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSELX

• 1D: 7.19%
• 1M: -4.24%
• YTD: 7.19%
• 6M: 13.70%
• 1Y: 97.02%
• 3Y*: 46.40%
• 5Y*: 31.60%
• 10Y*: 32.33%

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

AAICX vs. FSELX - Expense Ratio Comparison

AAICX has a 1.66% expense ratio, which is higher than FSELX's 0.68% expense ratio.

AAICX

Alger AI Enablers & Adopters C

FSELX

Fidelity Select Semiconductors Portfolio

Return for Risk

AAICX vs. FSELX — Risk / Return Rank

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

AAICX

AAICX Risk / Return Rank: 79
AAICX Sharpe Ratio Rank: 82
AAICX Sortino Ratio Rank: 82
AAICX Omega Ratio Rank: 74
AAICX Calmar Ratio Rank: 88
AAICX Martin Ratio Rank: 70

FSELX

FSELX Risk / Return Rank: 96
FSELX Sharpe Ratio Rank: 96
FSELX Sortino Ratio Rank: 94
FSELX Omega Ratio Rank: 91
FSELX Calmar Ratio Rank: 98
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.

AAICX vs. FSELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters C (AAICX) 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.

	AAICX	FSELX	Difference
Sharpe ratio Return per unit of total volatility	1.63	2.40	-0.76
Sortino ratio Return per unit of downside risk	2.27	3.02	-0.75
Omega ratio Gain probability vs. loss probability	1.31	1.43	-0.12
Calmar ratio Return relative to maximum drawdown	2.56	5.65	-3.09
Martin ratio Return relative to average drawdown	7.69	22.93	-15.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AAICX vs. FSELX - Sharpe Ratio Comparison

The current AAICX Sharpe Ratio is 1.63, which is lower than the FSELX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of AAICX and FSELX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AAICX	FSELX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	2.40	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	0.50	+0.62

Correlation

The correlation between AAICX and FSELX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AAICX vs. FSELX - Dividend Comparison

AAICX's dividend yield for the trailing twelve months is around 7.00%, less than FSELX's 10.36% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAICX Alger AI Enablers & Adopters C	7.00%	6.44%	4.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FSELX Fidelity Select Semiconductors Portfolio	10.36%	11.11%	7.97%	7.20%	6.69%	6.99%	8.13%	3.36%	26.80%	14.44%	3.82%	15.22%

Drawdowns

AAICX vs. FSELX - Drawdown Comparison

The maximum AAICX drawdown since its inception was -29.07%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for AAICX and FSELX.

Drawdown Indicators

	AAICX	FSELX	Difference
Max Drawdown Largest peak-to-trough decline	-29.07%	-82.54%	+53.47%
Max Drawdown (1Y) Largest decline over 1 year	-17.87%	-17.23%	-0.64%
Max Drawdown (5Y) Largest decline over 5 years	—	-46.37%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.37%	—
Current Drawdown Current decline from peak	-13.88%	-8.22%	-5.66%
Average Drawdown Average peak-to-trough decline	-5.34%	-28.82%	+23.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.94%	4.24%	+1.70%

Volatility

AAICX vs. FSELX - Volatility Comparison

The current volatility for Alger AI Enablers & Adopters C (AAICX) is 9.47%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 12.78%. This indicates that AAICX 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

	AAICX	FSELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.47%	12.78%	-3.31%
Volatility (6M) Calculated over the trailing 6-month period	17.85%	25.83%	-7.98%
Volatility (1Y) Calculated over the trailing 1-year period	28.86%	41.39%	-12.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.96%	38.69%	-10.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.96%	34.78%	-6.82%