FELIX vs. FSELX
FELIX (Fidelity Advisor Semiconductors Fund Class I) and FSELX (Fidelity Select Semiconductors Portfolio) are both mutual funds - FELIX is a Technology Equities fund managed by Fidelity, while FSELX is a Semiconductors fund managed by Fidelity. Over the past 10 years, FELIX returned 37.88%/yr vs 39.47%/yr for FSELX. With a 0.99 correlation, they move nearly in lockstep. FELIX charges 0.75%/yr vs 0.68%/yr for FSELX.
Performance
FELIX vs. FSELX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FELIX having a 87.05% return and FSELX slightly higher at 87.43%. Both investments have delivered pretty close results over the past 10 years, with FELIX having a 37.88% annualized return and FSELX not far ahead at 39.47%.
FELIX
- 1D
- 5.52%
- 1M
- 12.83%
- YTD
- 87.05%
- 6M
- 86.15%
- 1Y
- 161.02%
- 3Y*
- 61.70%
- 5Y*
- 43.63%
- 10Y*
- 37.88%
FSELX
- 1D
- 5.45%
- 1M
- 12.79%
- YTD
- 87.43%
- 6M
- 86.44%
- 1Y
- 157.32%
- 3Y*
- 66.55%
- 5Y*
- 46.62%
- 10Y*
- 39.47%
FELIX vs. FSELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FELIX Fidelity Advisor Semiconductors Fund Class I | 87.05% | 45.25% | 44.10% | 75.49% | -34.88% | 57.89% | 44.02% | 64.21% | -12.52% | 34.54% |
FSELX Fidelity Select Semiconductors Portfolio | 87.43% | 52.17% | 49.68% | 78.49% | -35.27% | 59.16% | 44.33% | 64.50% | -12.01% | 34.51% |
Correlation
The correlation between FELIX and FSELX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2000 | 0.99 |
The correlation between FELIX 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
FELIX vs. FSELX — Risk / Return Rank
FELIX
FSELX
FELIX vs. FSELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class I (FELIX) 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.
| FELIX | FSELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.60 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 10.93 | 10.88 | +0.05 |
| Martin ratioReturn relative to average drawdown | 39.80 | 39.06 | +0.74 |
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Drawdowns
FELIX vs. FSELX - Drawdown Comparison
The maximum FELIX drawdown since its inception was -71.17%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for FELIX and FSELX.
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Drawdown Indicators
| FELIX | FSELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.17% | -82.54% | +11.37% |
Max Drawdown (1Y)Largest decline over 1 year | -14.65% | -14.38% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -36.40% | -36.31% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -46.02% | -46.37% | +0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -46.02% | -46.37% | +0.35% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -21.10% | -28.67% | +7.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 4.00% | +0.01% |
Volatility
FELIX vs. FSELX - Volatility Comparison
Fidelity Advisor Semiconductors Fund Class I (FELIX) and Fidelity Select Semiconductors Portfolio (FSELX) have volatilities of 18.37% and 18.25%, 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
| FELIX | FSELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.37% | 18.25% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 29.17% | 29.19% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.76% | 35.91% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.95% | 39.55% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.03% | 35.40% | -0.37% |
FELIX vs. FSELX - Expense Ratio Comparison
FELIX has a 0.75% expense ratio, which is higher than FSELX's 0.68% expense ratio.
Dividends
FELIX vs. FSELX - Dividend Comparison
FELIX's dividend yield for the trailing twelve months is around 3.48%, less than FSELX's 8.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FELIX Fidelity Advisor Semiconductors Fund Class I | 3.48% | 6.51% | 6.44% | 3.15% | 3.09% | 4.14% | 4.43% | 1.04% | 19.34% | 9.50% | 0.55% | 10.37% |
FSELX Fidelity Select Semiconductors Portfolio | 8.74% | 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, FELIX 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.
FELIX has higher volatility (18.37%) compared to FSELX (18.25%). In terms of maximum drawdown, FELIX dropped -71.17% vs FSELX's -82.54%.
FELIX currently has the higher Sharpe Ratio (4.48 vs 4.36), 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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