FHALX vs. FSELX

Last updated Jun 25, 2026

FHALX (Fidelity Advisor Freedom Blend Income Fund Class M) and FSELX (Fidelity Select Semiconductors Portfolio) are both mutual funds - FHALX is a Target Retirement Date fund managed by Fidelity, while FSELX is a Semiconductors fund managed by Fidelity. Over the past 5 years, FHALX returned 2.30%/yr vs 43.80%/yr for FSELX. A 0.52 correlation means they provide meaningful diversification when combined. FHALX charges 0.91%/yr vs 0.68%/yr for FSELX.

Performance

FHALX vs. FSELX - Performance Comparison

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

Returns By Period

In the year-to-date period, FHALX achieves a 3.85% return, which is significantly lower than FSELX's 75.83% return.

FHALX

• 1D: -0.74%
• 1M: 0.28%
• YTD: 3.85%
• 6M: 3.65%
• 1Y: 8.64%
• 3Y*: 6.97%
• 5Y*: 2.30%
• 10Y*: —

FSELX

• 1D: -7.03%
• 1M: 5.81%
• YTD: 75.83%
• 6M: 72.55%
• 1Y: 132.39%
• 3Y*: 65.08%
• 5Y*: 43.80%
• 10Y*: 39.03%

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

FHALX vs. FSELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHALX Fidelity Advisor Freedom Blend Income Fund Class M	3.85%	9.49%	3.68%	7.55%	-12.14%	2.21%	8.11%	9.86%	-2.25%
FSELX Fidelity Select Semiconductors Portfolio	75.83%	52.17%	49.68%	78.49%	-35.27%	59.16%	44.33%	64.50%	-19.59%

Correlation

The correlation between FHALX and FSELX is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018	0.52

The correlation between FHALX and FSELX has been stable across timeframes, ranging from 0.49 to 0.59 - a consistent structural relationship.

Return for Risk

FHALX vs. FSELX — Risk / Return Rank

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

FHALX

FHALX Risk / Return Rank: 58
FHALX Sharpe Ratio Rank: 55
FHALX Sortino Ratio Rank: 57
FHALX Omega Ratio Rank: 65
FHALX Calmar Ratio Rank: 54
FHALX Martin Ratio Rank: 60

FSELX

FSELX Risk / Return Rank: 94
FSELX Sharpe Ratio Rank: 99
FSELX Sortino Ratio Rank: 88
FSELX Omega Ratio Rank: 86
FSELX Calmar Ratio Rank: 99
FSELX Martin Ratio Rank: 98

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.

FHALX vs. FSELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend Income Fund Class M (FHALX) 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.

	FHALX	FSELX	Difference
Sharpe ratio: Return per unit of total volatility	1.87	3.85	-1.98
Sortino ratio: Return per unit of downside risk	2.69	3.92	-1.24
Omega ratio: Gain probability vs. loss probability	1.38	1.55	-0.17
Calmar ratio: Return relative to maximum drawdown	2.51	9.82	-7.31
Martin ratio: Return relative to average drawdown	10.53	35.04	-24.52

FHALX vs. FSELX - Sharpe Ratio Comparison

The current FHALX Sharpe Ratio is 1.87, which is lower than the FSELX Sharpe Ratio of 3.85. The chart below compares the historical Sharpe Ratios of FHALX and FSELX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FHALX vs. FSELX - Drawdown Comparison

The maximum FHALX drawdown since its inception was -16.56%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for FHALX and FSELX.

Drawdown Indicators

	FHALX	FSELX	Difference
Max Drawdown Largest peak-to-trough decline	-16.56%	-82.54%	+65.98%
Max Drawdown (1Y) Largest decline over 1 year	-3.67%	-14.38%	+10.71%
Max Drawdown (3Y) Largest decline over 3 years	-5.18%	-36.31%	+31.13%
Max Drawdown (5Y) Largest decline over 5 years	-16.56%	-46.37%	+29.81%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.37%	—
Current Drawdown Current decline from peak	-0.92%	-7.03%	+6.11%
Average Drawdown Average peak-to-trough decline	-3.57%	-28.67%	+25.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	4.02%	-3.15%

Volatility

FHALX vs. FSELX - Volatility Comparison

The current volatility for Fidelity Advisor Freedom Blend Income Fund Class M (FHALX) is 2.32%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 19.62%. This indicates that FHALX experiences smaller price fluctuations and is considered to be less risky than FSELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHALX	FSELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.32%	19.62%	-17.30%
Volatility (6M) Calculated over the trailing 6-month period	4.28%	29.87%	-25.59%
Volatility (1Y) Calculated over the trailing 1-year period	4.93%	36.66%	-31.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.44%	39.70%	-34.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.02%	35.44%	-30.42%

FHALX vs. FSELX - Expense Ratio Comparison

FHALX has a 0.91% expense ratio, which is higher than FSELX's 0.68% expense ratio.

Dividends

FHALX vs. FSELX - Dividend Comparison

FHALX's dividend yield for the trailing twelve months is around 2.47%, less than FSELX's 9.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHALX Fidelity Advisor Freedom Blend Income Fund Class M	2.47%	2.69%	2.49%	2.37%	4.09%	3.60%	2.07%	1.91%	1.30%	0.00%	0.00%	0.00%
FSELX Fidelity Select Semiconductors Portfolio	9.32%	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

Can I hold both FHALX and FSELX in my portfolio?

FHALX and FSELX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHALX or FSELX?

FSELX has higher volatility (19.62%) compared to FHALX (2.32%). In terms of maximum drawdown, FHALX dropped -16.56% vs FSELX's -82.54%.

Which has better risk-adjusted returns?

FSELX currently has the higher Sharpe Ratio (3.85 vs 1.87), 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.