FCLAX vs. FSRFX

Last updated Aug 1, 2026

FCLAX (Fidelity Advisor Industrials Fund Class A) and FSRFX (Fidelity Select Transportation Portfolio) are both Industrials Equities funds from Fidelity. Over the past 10 years, FCLAX returned 13.90%/yr vs 12.45%/yr for FSRFX. Their correlation of 0.83 means they have usually moved in the same direction. FCLAX charges 1.02%/yr vs 0.69%/yr for FSRFX.

Performance

FCLAX vs. FSRFX - 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 Transportation Portfolio (FSRFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FCLAX having a 17.72% return and FSRFX slightly lower at 17.17%. Over the past 10 years, FCLAX has outperformed FSRFX with an annualized return of 13.90%, while FSRFX has yielded a comparatively lower 12.45% annualized return.

FCLAX

• 1D: 1.60%
• 1M: -2.88%
• 6M: 11.14%
• YTD: 17.72%
• 1Y: 22.49%
• 3Y*: 26.02%
• 5Y*: 16.90%
• 10Y*: 13.90%
• ALL TIME*: 11.66%

FSRFX

• 1D: -0.86%
• 1M: -3.37%
• 6M: 13.80%
• YTD: 17.17%
• 1Y: 32.33%
• 3Y*: 11.46%
• 5Y*: 10.81%
• 10Y*: 12.45%
• ALL TIME*: 12.30%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FCLAX Fidelity Advisor Industrials Fund Class A	$0.00	$0.00	$0.00
FSRFX Fidelity Select Transportation Portfolio	$0.00	$0.00	$0.00

FCLAX vs. FSRFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCLAX Fidelity Advisor Industrials Fund Class A	17.72%	24.48%	28.24%	22.64%	-10.64%	16.27%	11.17%	27.81%	-15.83%	19.28%
FSRFX Fidelity Select Transportation Portfolio	17.17%	11.45%	6.33%	19.29%	-10.21%	27.79%	12.83%	18.43%	-11.02%	22.00%

Correlation

The correlation between FCLAX and FSRFX is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.64
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (10Y) Provides a long-term view across more market conditions.	0.80
Correlation (All Time) Calculated using the full available price history since Aug 30, 1996	0.83

The correlation between FCLAX and FSRFX shifts across timeframes, from 0.64 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FCLAX vs. FSRFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FCLAX

FCLAX Risk / Return Rank: 32
FCLAX Sharpe Ratio Rank: 29
FCLAX Sortino Ratio Rank: 30
FCLAX Omega Ratio Rank: 27
FCLAX Calmar Ratio Rank: 35
FCLAX Martin Ratio Rank: 41

FSRFX

FSRFX Risk / Return Rank: 59
FSRFX Sharpe Ratio Rank: 52
FSRFX Sortino Ratio Rank: 54
FSRFX Omega Ratio Rank: 50
FSRFX Calmar Ratio Rank: 75
FSRFX Martin Ratio Rank: 66

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FCLAX vs. FSRFX - 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 Transportation Portfolio (FSRFX). 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	FSRFX	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.40	-0.39
Sortino ratio: Return per unit of downside risk	1.52	2.05	-0.54
Omega ratio: Gain probability vs. loss probability	1.18	1.25	-0.07
Calmar ratio: Return relative to maximum drawdown	1.53	2.47	-0.94
Martin ratio: Return relative to average drawdown	6.16	8.47	-2.31

FCLAX vs. FSRFX - Sharpe Ratio Comparison

The current FCLAX Sharpe Ratio is 1.01, which is comparable to the FSRFX Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of FCLAX and FSRFX, 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. FSRFX - Drawdown Comparison

The maximum FCLAX drawdown since its inception was -60.95%, roughly equal to the maximum FSRFX drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for FCLAX and FSRFX.

Drawdown Indicators

	FCLAX	FSRFX	Difference
Max Drawdown Largest peak-to-trough decline	-60.95%	-60.34%	-0.61%
Max Drawdown (1Y) Largest decline over 1 year	-13.11%	-11.69%	-1.42%
Max Drawdown (3Y) Largest decline over 3 years	-21.31%	-25.23%	+3.92%
Max Drawdown (5Y) Largest decline over 5 years	-26.49%	-25.23%	-1.26%
Max Drawdown (10Y) Largest decline over 10 years	-42.71%	-41.11%	-1.60%
Current Drawdown Current decline from peak	-4.47%	-5.10%	+0.63%
Average Drawdown Average peak-to-trough decline	-7.77%	-8.51%	+0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	3.41%	-0.13%

Volatility

FCLAX vs. FSRFX - Volatility Comparison

Fidelity Advisor Industrials Fund Class A (FCLAX) has a higher volatility of 5.54% compared to Fidelity Select Transportation Portfolio (FSRFX) at 4.07%. This indicates that FCLAX's price experiences larger fluctuations and is considered to be riskier than FSRFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCLAX	FSRFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.54%	4.07%	+1.47%
Volatility (6M) Calculated over the trailing 6-month period	16.36%	16.44%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	19.89%	20.70%	-0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.09%	20.91%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.59%	21.85%	-0.26%

FCLAX vs. FSRFX - Expense Ratio Comparison

FCLAX has a 1.02% expense ratio, which is higher than FSRFX's 0.69% expense ratio.

Dividends

FCLAX vs. FSRFX - Dividend Comparison

FCLAX's dividend yield for the trailing twelve months is around 1.47%, less than FSRFX's 7.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCLAX Fidelity Advisor Industrials Fund Class A	1.47%	1.73%	8.10%	8.69%	3.46%	21.93%	0.59%	7.50%	12.29%	2.79%	5.69%	9.17%
FSRFX Fidelity Select Transportation Portfolio	7.94%	4.18%	7.02%	2.68%	8.82%	12.00%	7.97%	3.98%	11.42%	5.16%	1.97%	7.51%

Frequently Asked Questions

Can I hold both FCLAX and FSRFX in my portfolio?

FCLAX and FSRFX have a correlation of 0.64, 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 FSRFX?

FCLAX has higher volatility (5.54%) compared to FSRFX (4.07%). In terms of maximum drawdown, FCLAX dropped -60.95% vs FSRFX's -60.34%.

Which has better risk-adjusted returns?

FSRFX currently has the higher Sharpe Ratio (1.40 vs 1.01), 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.