FDCPX vs. FELAX

Last updated Jun 3, 2026

FDCPX (Fidelity Select Tech Hardware Portfolio) and FELAX (Fidelity Advisor Semiconductors Fund Class A) are both Technology Equities funds from Fidelity. Over the past 10 years, FDCPX returned 28.05%/yr vs 36.38%/yr for FELAX. Their correlation of 0.85 suggests significant overlap in exposure. FDCPX charges 0.72%/yr vs 1.01%/yr for FELAX.

Performance

FDCPX vs. FELAX - Performance Comparison

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

Returns By Period

In the year-to-date period, FDCPX achieves a 80.20% return, which is significantly higher than FELAX's 73.68% return. Over the past 10 years, FDCPX has underperformed FELAX with an annualized return of 28.05%, while FELAX has yielded a comparatively higher 36.38% annualized return.

FDCPX

• 1D: 3.77%
• 1M: 24.47%
• YTD: 80.20%
• 6M: 80.64%
• 1Y: 140.17%
• 3Y*: 55.98%
• 5Y*: 29.44%
• 10Y*: 28.05%

FELAX

• 1D: 2.05%
• 1M: 18.59%
• YTD: 73.68%
• 6M: 74.82%
• 1Y: 160.71%
• 3Y*: 60.16%
• 5Y*: 41.41%
• 10Y*: 36.38%

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

FDCPX vs. FELAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDCPX Fidelity Select Tech Hardware Portfolio	80.20%	54.44%	22.40%	33.52%	-28.63%	23.68%	46.07%	40.15%	-6.30%	32.64%
FELAX Fidelity Advisor Semiconductors Fund Class A	73.68%	44.88%	43.74%	75.08%	-35.07%	57.50%	43.57%	63.76%	-12.76%	34.12%

Correlation

The correlation between FDCPX and FELAX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Dec 28, 2000	0.85

The correlation between FDCPX and FELAX has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.

FDCPX vs. FELAX - Sectors Allocation Comparison

Sectors	FDCPX	FELAX
Technology	91.3%	100.0%
Communication Services	6.3%	-
Industrials	1.2%	-
Consumer Cyclical	0.8%	-
Healthcare	0.6%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FDCPX vs. FELAX — Risk / Return Rank

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

FDCPX

FDCPX Risk / Return Rank: 98
FDCPX Sharpe Ratio Rank: 100
FDCPX Sortino Ratio Rank: 98
FDCPX Omega Ratio Rank: 96
FDCPX Calmar Ratio Rank: 99
FDCPX Martin Ratio Rank: 99

FELAX

FELAX Risk / Return Rank: 97
FELAX Sharpe Ratio Rank: 99
FELAX Sortino Ratio Rank: 95
FELAX Omega Ratio Rank: 92
FELAX Calmar Ratio Rank: 99
FELAX Martin Ratio Rank: 99

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.

FDCPX vs. FELAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Tech Hardware Portfolio (FDCPX) and Fidelity Advisor Semiconductors Fund Class A (FELAX). 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.

	FDCPX	FELAX	Difference
Sharpe ratio Return per unit of total volatility	6.06	5.19	+0.87
Sortino ratio Return per unit of downside risk	6.35	5.09	+1.26
Omega ratio Gain probability vs. loss probability	1.88	1.69	+0.19
Calmar ratio Return relative to maximum drawdown	14.66	10.81	+3.85
Martin ratio Return relative to average drawdown	56.55	42.15	+14.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDCPX vs. FELAX - Sharpe Ratio Comparison

The current FDCPX Sharpe Ratio is 6.06, which is comparable to the FELAX Sharpe Ratio of 5.19. The chart below compares the historical Sharpe Ratios of FDCPX and FELAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDCPX	FELAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.06	5.19	+0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.32	1.09	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.29	1.05	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.46	+0.10

Drawdowns

FDCPX vs. FELAX - Drawdown Comparison

The maximum FDCPX drawdown since its inception was -81.96%, which is greater than FELAX's maximum drawdown of -71.33%. Use the drawdown chart below to compare losses from any high point for FDCPX and FELAX.

Drawdown Indicators

	FDCPX	FELAX	Difference
Max Drawdown Largest peak-to-trough decline	-81.96%	-71.33%	-10.63%
Max Drawdown (1Y) Largest decline over 1 year	-9.68%	-14.66%	+4.98%
Max Drawdown (3Y) Largest decline over 3 years	-23.59%	-36.43%	+12.84%
Max Drawdown (5Y) Largest decline over 5 years	-35.29%	-46.15%	+10.86%
Max Drawdown (10Y) Largest decline over 10 years	-35.29%	-46.15%	+10.86%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-26.13%	-21.88%	-4.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	3.76%	-1.25%

Volatility

FDCPX vs. FELAX - Volatility Comparison

The current volatility for Fidelity Select Tech Hardware Portfolio (FDCPX) is 8.02%, while Fidelity Advisor Semiconductors Fund Class A (FELAX) has a volatility of 10.64%. This indicates that FDCPX experiences smaller price fluctuations and is considered to be less risky than FELAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDCPX	FELAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.02%	10.64%	-2.62%
Volatility (6M) Calculated over the trailing 6-month period	19.78%	24.65%	-4.87%
Volatility (1Y) Calculated over the trailing 1-year period	23.84%	32.03%	-8.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.49%	38.24%	-15.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.90%	34.63%	-12.73%

FDCPX vs. FELAX - Expense Ratio Comparison

FDCPX has a 0.72% expense ratio, which is lower than FELAX's 1.01% expense ratio.

Dividends

FDCPX vs. FELAX - Dividend Comparison

FDCPX's dividend yield for the trailing twelve months is around 5.93%, more than FELAX's 4.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDCPX Fidelity Select Tech Hardware Portfolio	5.93%	14.38%	7.58%	0.51%	17.72%	16.95%	8.81%	12.15%	23.69%	10.50%	6.57%	4.53%
FELAX Fidelity Advisor Semiconductors Fund Class A	4.01%	6.96%	7.02%	3.40%	3.32%	4.34%	4.51%	1.00%	20.15%	9.67%	0.36%	10.71%

Frequently Asked Questions

Can I hold both FDCPX and FELAX in my portfolio?

FDCPX and FELAX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDCPX or FELAX?

FELAX has higher volatility (10.64%) compared to FDCPX (8.02%). In terms of maximum drawdown, FDCPX dropped -81.96% vs FELAX's -71.33%.

Which has better risk-adjusted returns?

FDCPX currently has the higher Sharpe Ratio (6.06 vs 5.19), 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.