FCBAX vs. FSELX
FCBAX (Fidelity Advisor Corporate Bond Fund Class A) and FSELX (Fidelity Select Semiconductors Portfolio) are both mutual funds - FCBAX is a Corporate Bonds fund managed by Fidelity, while FSELX is a Semiconductors fund managed by Fidelity. Over the past 10 years, FCBAX returned 1.97%/yr vs 35.08%/yr for FSELX. Their -0.09 correlation means they have often moved in opposite directions in the past. FCBAX charges 0.77%/yr vs 0.68%/yr for FSELX.
Performance
FCBAX vs. FSELX - Performance Comparison
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Returns By Period
In the year-to-date period, FCBAX achieves a -1.14% return, which is significantly lower than FSELX's 48.22% return. Over the past 10 years, FCBAX has underperformed FSELX with an annualized return of 1.97%, while FSELX has yielded a comparatively higher 35.08% annualized return.
FCBAX
- 1D
- 0.19%
- 1M
- -1.69%
- 6M
- -1.38%
- YTD
- -1.14%
- 1Y
- 1.32%
- 3Y*
- 4.18%
- 5Y*
- -0.88%
- 10Y*
- 1.97%
- ALL TIME*
- 3.41%
FSELX
- 1D
- 7.17%
- 1M
- -8.92%
- 6M
- 32.88%
- YTD
- 48.22%
- 1Y
- 83.24%
- 3Y*
- 50.94%
- 5Y*
- 38.34%
- 10Y*
- 35.08%
- ALL TIME*
- 16.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FCBAX vs. FSELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCBAX Fidelity Advisor Corporate Bond Fund Class A | -1.14% | 7.51% | 2.21% | 8.10% | -17.32% | -1.85% | 10.46% | 14.11% | -2.90% | 6.47% |
FSELX Fidelity Select Semiconductors Portfolio | 48.22% | 52.17% | 49.68% | 78.49% | -35.27% | 59.16% | 44.33% | 64.50% | -12.01% | 34.51% |
Correlation
The correlation between FCBAX and FSELX is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 5, 2010 | -0.09 |
The correlation between FCBAX and FSELX shifts across timeframes, from -0.09 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FCBAX vs. FSELX — Risk / Return Rank
FCBAX
FSELX
FCBAX vs. FSELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Corporate Bond Fund Class A (FCBAX) 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.
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.
| FCBAX | FSELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.31 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 2.90 | -2.19 |
| Martin ratioReturn relative to average drawdown | 1.90 | 12.21 | -10.31 |
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Drawdowns
FCBAX vs. FSELX - Drawdown Comparison
The maximum FCBAX drawdown since its inception was -23.56%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for FCBAX and FSELX.
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Drawdown Indicators
| FCBAX | FSELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -82.54% | +58.98% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -26.87% | +23.56% |
Max Drawdown (3Y)Largest decline over 3 years | -5.64% | -36.31% | +30.67% |
Max Drawdown (5Y)Largest decline over 5 years | -23.44% | -46.37% | +22.93% |
Max Drawdown (10Y)Largest decline over 10 years | -23.56% | -46.37% | +22.81% |
Current DrawdownCurrent decline from peak | -4.70% | -21.63% | +16.93% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -28.63% | +24.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 6.37% | -5.15% |
Volatility
FCBAX vs. FSELX - Volatility Comparison
The current volatility for Fidelity Advisor Corporate Bond Fund Class A (FCBAX) is 1.09%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 16.75%. This indicates that FCBAX 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.
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Volatility by Period
| FCBAX | FSELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 16.75% | -15.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.30% | 34.43% | -31.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 40.79% | -36.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.68% | 40.42% | -33.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.95% | 35.84% | -29.89% |
FCBAX vs. FSELX - Expense Ratio Comparison
FCBAX has a 0.77% expense ratio, which is higher than FSELX's 0.68% expense ratio.
Dividends
FCBAX vs. FSELX - Dividend Comparison
FCBAX's dividend yield for the trailing twelve months is around 3.68%, less than FSELX's 11.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBAX Fidelity Advisor Corporate Bond Fund Class A | 3.68% | 3.79% | 3.35% | 3.13% | 2.27% | 2.55% | 3.09% | 2.96% | 3.29% | 2.83% | 3.19% | 2.69% |
FSELX Fidelity Select Semiconductors Portfolio | 11.05% | 11.11% | 7.97% | 7.20% | 6.69% | 6.99% | 8.13% | 3.36% | 26.80% | 14.44% | 3.82% | 15.22% |
Frequently Asked Questions
FCBAX and FSELX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSELX has higher volatility (16.75%) compared to FCBAX (1.09%). In terms of maximum drawdown, FCBAX dropped -23.56% vs FSELX's -82.54%.
FSELX currently has the higher Sharpe Ratio (1.91 vs 0.56), 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.
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