FCLAX vs. FSENX

Last updated Jun 26, 2026

FCLAX (Fidelity Advisor Industrials Fund Class A) and FSENX (Fidelity Select Energy Portfolio) are both mutual funds - FCLAX is a Industrials Equities fund managed by Fidelity, while FSENX is a Energy Equities fund actively managed by Fidelity. Over the past 10 years, FCLAX returned 14.72%/yr vs 8.87%/yr for FSENX. A 0.57 correlation means they provide meaningful diversification when combined. FCLAX charges 1.02%/yr vs 0.77%/yr for FSENX.

Performance

FCLAX vs. FSENX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Industrials Fund Class A (FCLAX) and Fidelity Select Energy Portfolio (FSENX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCLAX achieves a 19.16% return, which is significantly lower than FSENX's 24.88% return. Over the past 10 years, FCLAX has outperformed FSENX with an annualized return of 14.72%, while FSENX has yielded a comparatively lower 8.87% annualized return.

FCLAX

• 1D: 1.38%
• 1M: 4.65%
• YTD: 19.16%
• 6M: 16.91%
• 1Y: 30.96%
• 3Y*: 30.52%
• 5Y*: 17.72%
• 10Y*: 14.72%

FSENX

• 1D: -1.97%
• 1M: -7.60%
• YTD: 24.88%
• 6M: 26.10%
• 1Y: 37.08%
• 3Y*: 17.05%
• 5Y*: 19.97%
• 10Y*: 8.87%

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

FCLAX vs. FSENX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCLAX Fidelity Advisor Industrials Fund Class A	19.16%	24.48%	28.24%	22.64%	-10.64%	16.27%	11.17%	27.81%	-15.83%	19.28%
FSENX Fidelity Select Energy Portfolio	24.88%	10.56%	4.26%	0.94%	62.98%	55.31%	-32.51%	9.90%	-24.94%	-2.65%

Correlation

The correlation between FCLAX and FSENX is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Aug 30, 1996	0.57

Over the past year, the correlation between FCLAX and FSENX has dropped to 0.03 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

Return for Risk

FCLAX vs. FSENX — Risk / Return Rank

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

FCLAX

FCLAX Risk / Return Rank: 46
FCLAX Sharpe Ratio Rank: 44
FCLAX Sortino Ratio Rank: 44
FCLAX Omega Ratio Rank: 38
FCLAX Calmar Ratio Rank: 50
FCLAX Martin Ratio Rank: 55

FSENX

FSENX Risk / Return Rank: 55
FSENX Sharpe Ratio Rank: 56
FSENX Sortino Ratio Rank: 49
FSENX Omega Ratio Rank: 43
FSENX Calmar Ratio Rank: 76
FSENX Martin Ratio Rank: 53

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.

FCLAX vs. FSENX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Industrials Fund Class A (FCLAX) and Fidelity Select Energy Portfolio (FSENX). 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.

	FCLAX	FSENX	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.84	-0.26
Sortino ratio: Return per unit of downside risk	2.28	2.45	-0.18
Omega ratio: Gain probability vs. loss probability	1.27	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	2.32	3.00	-0.69
Martin ratio: Return relative to average drawdown	9.34	9.42	-0.08

FCLAX vs. FSENX - Sharpe Ratio Comparison

The current FCLAX Sharpe Ratio is 1.58, which is comparable to the FSENX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of FCLAX and FSENX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCLAX vs. FSENX - Drawdown Comparison

The maximum FCLAX drawdown since its inception was -60.95%, smaller than the maximum FSENX drawdown of -76.24%. Use the drawdown chart below to compare losses from any high point for FCLAX and FSENX.

Drawdown Indicators

	FCLAX	FSENX	Difference
Max Drawdown Largest peak-to-trough decline	-60.95%	-76.24%	+15.29%
Max Drawdown (1Y) Largest decline over 1 year	-13.11%	-12.22%	-0.89%
Max Drawdown (3Y) Largest decline over 3 years	-21.31%	-25.85%	+4.54%
Max Drawdown (5Y) Largest decline over 5 years	-26.49%	-28.02%	+1.53%
Max Drawdown (10Y) Largest decline over 10 years	-42.71%	-72.11%	+29.40%
Current Drawdown Current decline from peak	-1.08%	-12.22%	+11.14%
Average Drawdown Average peak-to-trough decline	-7.79%	-17.00%	+9.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	3.89%	-0.64%

Volatility

FCLAX vs. FSENX - Volatility Comparison

Fidelity Advisor Industrials Fund Class A (FCLAX) and Fidelity Select Energy Portfolio (FSENX) have volatilities of 7.23% and 7.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCLAX	FSENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	7.01%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	15.82%	15.91%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	19.24%	19.97%	-0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.03%	27.25%	-6.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.56%	30.92%	-9.36%

FCLAX vs. FSENX - Expense Ratio Comparison

FCLAX has a 1.02% expense ratio, which is higher than FSENX's 0.77% expense ratio.

Dividends

FCLAX vs. FSENX - Dividend Comparison

FCLAX's dividend yield for the trailing twelve months is around 1.45%, less than FSENX's 1.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCLAX Fidelity Advisor Industrials Fund Class A	1.45%	1.73%	8.10%	8.69%	3.46%	21.93%	0.59%	7.50%	12.29%	2.79%	5.69%	9.17%
FSENX Fidelity Select Energy Portfolio	1.71%	1.95%	1.95%	1.98%	2.50%	2.25%	3.43%	1.84%	1.48%	1.74%	0.62%	1.29%

Frequently Asked Questions

Can I hold both FCLAX and FSENX in my portfolio?

FCLAX and FSENX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCLAX or FSENX?

FCLAX has higher volatility (7.23%) compared to FSENX (7.01%). In terms of maximum drawdown, FCLAX dropped -60.95% vs FSENX's -76.24%.

Which has better risk-adjusted returns?

FSENX currently has the higher Sharpe Ratio (1.84 vs 1.58), 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.