FELTX vs. FSELX
FELTX (Fidelity Advisor Semiconductors Fund Class M) and FSELX (Fidelity Select Semiconductors Portfolio) are both mutual funds - FELTX is a Technology Equities fund managed by Fidelity, while FSELX is a Semiconductors fund managed by Fidelity. Over the past 10 years, FELTX returned 36.65%/yr vs 39.01%/yr for FSELX. With a 0.99 correlation, they move nearly in lockstep. FELTX charges 1.26%/yr vs 0.68%/yr for FSELX.
Performance
FELTX vs. FSELX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FELTX having a 82.19% return and FSELX slightly higher at 83.08%. Over the past 10 years, FELTX has underperformed FSELX with an annualized return of 36.65%, while FSELX has yielded a comparatively higher 39.01% annualized return.
FELTX
- 1D
- -1.78%
- 1M
- 17.48%
- YTD
- 82.19%
- 6M
- 78.28%
- 1Y
- 161.98%
- 3Y*
- 63.20%
- 5Y*
- 42.13%
- 10Y*
- 36.65%
FSELX
- 1D
- -1.79%
- 1M
- 17.72%
- YTD
- 83.08%
- 6M
- 79.03%
- 1Y
- 159.53%
- 3Y*
- 68.91%
- 5Y*
- 45.84%
- 10Y*
- 39.01%
FELTX vs. FSELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FELTX Fidelity Advisor Semiconductors Fund Class M | 82.19% | 44.53% | 43.39% | 74.66% | -35.23% | 57.08% | 43.20% | 63.20% | -13.06% | 33.66% |
FSELX Fidelity Select Semiconductors Portfolio | 83.08% | 52.17% | 49.68% | 78.49% | -35.27% | 59.16% | 44.33% | 64.50% | -12.01% | 34.51% |
Correlation
The correlation between FELTX 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 28, 2000 | 0.99 |
The correlation between FELTX 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
FELTX vs. FSELX — Risk / Return Rank
FELTX
FSELX
FELTX vs. FSELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class M (FELTX) 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.
| FELTX | FSELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.66 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 10.96 | 11.04 | -0.07 |
| Martin ratioReturn relative to average drawdown | 42.67 | 42.36 | +0.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FELTX | FSELX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.97 | 4.86 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 1.18 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.06 | 1.12 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.55 | -0.08 |
Drawdowns
FELTX vs. FSELX - Drawdown Comparison
The maximum FELTX drawdown since its inception was -71.50%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for FELTX and FSELX.
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Drawdown Indicators
| FELTX | FSELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.50% | -82.54% | +11.04% |
Max Drawdown (1Y)Largest decline over 1 year | -14.69% | -14.38% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -36.47% | -36.31% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -46.25% | -46.37% | +0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -46.25% | -46.37% | +0.12% |
Current DrawdownCurrent decline from peak | -1.78% | -1.79% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -22.39% | -28.70% | +6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 3.74% | +0.03% |
Volatility
FELTX vs. FSELX - Volatility Comparison
Fidelity Advisor Semiconductors Fund Class M (FELTX) and Fidelity Select Semiconductors Portfolio (FSELX) have volatilities of 12.11% and 12.23%, 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
| FELTX | FSELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.11% | 12.23% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 25.41% | 25.52% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.47% | 32.70% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.34% | 38.96% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.69% | 35.06% | -0.37% |
FELTX vs. FSELX - Expense Ratio Comparison
FELTX has a 1.26% expense ratio, which is higher than FSELX's 0.68% expense ratio.
Dividends
FELTX vs. FSELX - Dividend Comparison
FELTX's dividend yield for the trailing twelve months is around 4.03%, less than FSELX's 8.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FELTX Fidelity Advisor Semiconductors Fund Class M | 4.03% | 7.35% | 7.56% | 3.64% | 3.54% | 4.50% | 4.56% | 0.95% | 20.90% | 9.73% | 0.13% | 10.79% |
FSELX Fidelity Select Semiconductors Portfolio | 8.95% | 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, FELTX 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.
FSELX has higher volatility (12.23%) compared to FELTX (12.11%). In terms of maximum drawdown, FELTX dropped -71.50% vs FSELX's -82.54%.
FELTX currently has the higher Sharpe Ratio (4.97 vs 4.86), 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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