FELAX vs. FSELX
FELAX (Fidelity Advisor Semiconductors Fund Class A) and FSELX (Fidelity Select Semiconductors Portfolio) are both Semiconductors funds from Fidelity. Over the past 10 years, FELAX returned 33.19%/yr vs 35.08%/yr for FSELX. Their 0.99 correlation means they have historically moved very closely together. FELAX charges 0.94%/yr vs 0.68%/yr for FSELX.
Performance
FELAX vs. FSELX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FELAX having a 47.97% return and FSELX slightly higher at 48.22%. Over the past 10 years, FELAX has underperformed FSELX with an annualized return of 33.19%, while FSELX has yielded a comparatively higher 35.08% annualized return.
FELAX
- 1D
- 7.41%
- 1M
- -8.94%
- 6M
- 32.48%
- YTD
- 47.97%
- 1Y
- 85.05%
- 3Y*
- 46.27%
- 5Y*
- 35.22%
- 10Y*
- 33.19%
- ALL TIME*
- 14.60%
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 |
FELAX vs. FSELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FELAX Fidelity Advisor Semiconductors Fund Class A | 47.97% | 44.88% | 43.74% | 75.08% | -35.07% | 57.50% | 43.57% | 63.76% | -12.76% | 34.12% |
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 FELAX and FSELX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2000 | 0.99 |
The correlation between FELAX and FSELX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
FELAX vs. FSELX — Risk / Return Rank
FELAX
FSELX
FELAX vs. FSELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class A (FELAX) 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.
| FELAX | FSELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 2.90 | +0.09 |
| Martin ratioReturn relative to average drawdown | 12.61 | 12.21 | +0.40 |
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Drawdowns
FELAX vs. FSELX - Drawdown Comparison
The maximum FELAX drawdown since its inception was -71.33%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for FELAX and FSELX.
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Drawdown Indicators
| FELAX | FSELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.33% | -82.54% | +11.21% |
Max Drawdown (1Y)Largest decline over 1 year | -26.90% | -26.87% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -36.43% | -36.31% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -46.15% | -46.37% | +0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -46.15% | -46.37% | +0.22% |
Current DrawdownCurrent decline from peak | -21.49% | -21.63% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -21.81% | -28.63% | +6.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.36% | 6.37% | -0.01% |
Volatility
FELAX vs. FSELX - Volatility Comparison
Fidelity Advisor Semiconductors Fund Class A (FELAX) and Fidelity Select Semiconductors Portfolio (FSELX) have volatilities of 16.84% and 16.75%, 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.
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Volatility by Period
| FELAX | FSELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.84% | 16.75% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 34.43% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.70% | 40.79% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.85% | 40.42% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.48% | 35.84% | -0.36% |
FELAX vs. FSELX - Expense Ratio Comparison
FELAX has a 0.94% expense ratio, which is higher than FSELX's 0.68% expense ratio.
Dividends
FELAX vs. FSELX - Dividend Comparison
FELAX's dividend yield for the trailing twelve months is around 4.71%, less than FSELX's 11.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FELAX Fidelity Advisor Semiconductors Fund Class A | 4.71% | 6.96% | 7.02% | 3.40% | 3.32% | 4.34% | 4.51% | 1.00% | 20.15% | 9.67% | 0.36% | 10.71% |
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
With a correlation of 1.00, FELAX and FSELX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FELAX has higher volatility (16.84%) compared to FSELX (16.75%). In terms of maximum drawdown, FELAX dropped -71.33% vs FSELX's -82.54%.
FELAX currently has the higher Sharpe Ratio (1.97 vs 1.91), 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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