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FELAX vs. FSELX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FELAX vs. FSELX - Performance Comparison

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

500.00%600.00%700.00%800.00%900.00%JuneJulyAugustSeptemberOctoberNovember
754.70%
588.52%
FELAX
FSELX

Returns By Period

The year-to-date returns for both investments are quite close, with FELAX having a 36.21% return and FSELX slightly higher at 37.98%. Over the past 10 years, FELAX has outperformed FSELX with an annualized return of 20.60%, while FSELX has yielded a comparatively lower 17.99% annualized return.


FELAX

YTD

36.21%

1M

-4.00%

6M

4.00%

1Y

44.21%

5Y (annualized)

25.95%

10Y (annualized)

20.60%

FSELX

YTD

37.98%

1M

-3.46%

6M

5.09%

1Y

41.32%

5Y (annualized)

22.76%

10Y (annualized)

17.99%

Key characteristics


FELAXFSELX
Sharpe Ratio1.231.13
Sortino Ratio1.751.65
Omega Ratio1.221.21
Calmar Ratio1.811.68
Martin Ratio5.114.77
Ulcer Index8.58%8.57%
Daily Std Dev35.55%36.04%
Max Drawdown-71.33%-81.70%
Current Drawdown-12.71%-11.60%

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FELAX vs. FSELX - Expense Ratio Comparison

FELAX has a 1.01% expense ratio, which is higher than FSELX's 0.68% expense ratio.


FELAX
Fidelity Advisor Semiconductors Fund Class A
Expense ratio chart for FELAX: current value at 1.01% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.01%
Expense ratio chart for FSELX: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%

Correlation

-0.50.00.51.01.0

The correlation between FELAX and FSELX is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Risk-Adjusted Performance

FELAX vs. FSELX - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for FELAX, currently valued at 1.23, compared to the broader market0.002.004.001.231.13
The chart of Sortino ratio for FELAX, currently valued at 1.75, compared to the broader market0.005.0010.001.751.65
The chart of Omega ratio for FELAX, currently valued at 1.22, compared to the broader market1.002.003.004.001.221.21
The chart of Calmar ratio for FELAX, currently valued at 1.81, compared to the broader market0.005.0010.0015.0020.0025.001.811.68
The chart of Martin ratio for FELAX, currently valued at 5.11, compared to the broader market0.0020.0040.0060.0080.00100.005.114.77
FELAX
FSELX

The current FELAX Sharpe Ratio is 1.23, which is comparable to the FSELX Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of FELAX and FSELX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.23
1.13
FELAX
FSELX

Dividends

FELAX vs. FSELX - Dividend Comparison

FELAX has not paid dividends to shareholders, while FSELX's dividend yield for the trailing twelve months is around 0.07%.


TTM20232022202120202019201820172016201520142013
FELAX
Fidelity Advisor Semiconductors Fund Class A
0.00%0.00%0.00%0.00%0.11%0.26%0.61%0.49%0.24%10.72%0.04%0.00%
FSELX
Fidelity Select Semiconductors Portfolio
0.07%0.10%0.18%0.04%0.51%0.76%0.76%1.04%0.71%16.31%3.48%0.61%

Drawdowns

FELAX vs. FSELX - Drawdown Comparison

The maximum FELAX drawdown since its inception was -71.33%, smaller than the maximum FSELX drawdown of -81.70%. Use the drawdown chart below to compare losses from any high point for FELAX and FSELX. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-12.71%
-11.60%
FELAX
FSELX

Volatility

FELAX vs. FSELX - Volatility Comparison

Fidelity Advisor Semiconductors Fund Class A (FELAX) and Fidelity Select Semiconductors Portfolio (FSELX) have volatilities of 9.14% and 9.31%, 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.


6.00%8.00%10.00%12.00%14.00%16.00%18.00%JuneJulyAugustSeptemberOctoberNovember
9.14%
9.31%
FELAX
FSELX