FSCDX vs. FSELX

Last updated Aug 1, 2026

FSCDX (Fidelity Advisor Small Cap Fund Class A) and FSELX (Fidelity Select Semiconductors Portfolio) are both mutual funds - FSCDX is a Small Cap Blend Equities fund managed by Fidelity, while FSELX is a Semiconductors fund managed by Fidelity. Over the past 10 years, FSCDX returned 9.67%/yr vs 35.08%/yr for FSELX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. FSCDX charges 1.22%/yr vs 0.68%/yr for FSELX.

Performance

FSCDX vs. FSELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Small Cap Fund Class A (FSCDX) 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, FSCDX achieves a 19.71% return, which is significantly lower than FSELX's 48.22% return. Over the past 10 years, FSCDX has underperformed FSELX with an annualized return of 9.67%, while FSELX has yielded a comparatively higher 35.08% annualized return.

FSCDX

• 1D: 1.52%
• 1M: -1.77%
• 6M: 14.29%
• YTD: 19.71%
• 1Y: 32.93%
• 3Y*: 10.68%
• 5Y*: 5.79%
• 10Y*: 9.67%
• ALL TIME*: 9.64%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSCDX Fidelity Advisor Small Cap Fund Class A	$0.00	$0.00	$0.00
FSELX Fidelity Select Semiconductors Portfolio	$0.00	$0.00	$0.00

FSCDX vs. FSELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSCDX Fidelity Advisor Small Cap Fund Class A	19.71%	11.85%	-2.52%	18.29%	-20.70%	31.22%	17.13%	32.31%	-16.38%	13.77%
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 FSCDX and FSELX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (5Y) Shows whether the relationship held over a longer period.	0.69
Correlation (10Y) Provides a long-term view across more market conditions.	0.67
Correlation (All Time) Calculated using the full available price history since Sep 9, 1998	0.73

The correlation between FSCDX and FSELX shifts across timeframes, from 0.61 (3 years) to 0.73 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FSCDX vs. FSELX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FSCDX

FSCDX Risk / Return Rank: 75
FSCDX Sharpe Ratio Rank: 68
FSCDX Sortino Ratio Rank: 70
FSCDX Omega Ratio Rank: 62
FSCDX Calmar Ratio Rank: 88
FSCDX Martin Ratio Rank: 87

FSELX

FSELX Risk / Return Rank: 80
FSELX Sharpe Ratio Rank: 81
FSELX Sortino Ratio Rank: 72
FSELX Omega Ratio Rank: 72
FSELX Calmar Ratio Rank: 86
FSELX Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FSCDX vs. FSELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Small Cap Fund Class A (FSCDX) 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.

	FSCDX	FSELX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.91	-0.31
Sortino ratio: Return per unit of downside risk	2.39	2.35	+0.04
Omega ratio: Gain probability vs. loss probability	1.28	1.31	-0.03
Calmar ratio: Return relative to maximum drawdown	3.15	2.90	+0.26
Martin ratio: Return relative to average drawdown	11.14	12.21	-1.06

FSCDX vs. FSELX - Sharpe Ratio Comparison

The current FSCDX Sharpe Ratio is 1.60, which is comparable to the FSELX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of FSCDX 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

FSCDX vs. FSELX - Drawdown Comparison

The maximum FSCDX drawdown since its inception was -50.10%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for FSCDX and FSELX.

Drawdown Indicators

	FSCDX	FSELX	Difference
Max Drawdown Largest peak-to-trough decline	-50.10%	-82.54%	+32.44%
Max Drawdown (1Y) Largest decline over 1 year	-9.33%	-26.87%	+17.54%
Max Drawdown (3Y) Largest decline over 3 years	-35.42%	-36.31%	+0.89%
Max Drawdown (5Y) Largest decline over 5 years	-35.42%	-46.37%	+10.95%
Max Drawdown (10Y) Largest decline over 10 years	-40.44%	-46.37%	+5.93%
Current Drawdown Current decline from peak	-4.35%	-21.63%	+17.28%
Average Drawdown Average peak-to-trough decline	-11.57%	-28.63%	+17.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	6.37%	-3.72%

Volatility

FSCDX vs. FSELX - Volatility Comparison

The current volatility for Fidelity Advisor Small Cap Fund Class A (FSCDX) is 4.41%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 16.75%. This indicates that FSCDX 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

	FSCDX	FSELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	16.75%	-12.34%
Volatility (6M) Calculated over the trailing 6-month period	13.98%	34.43%	-20.45%
Volatility (1Y) Calculated over the trailing 1-year period	18.37%	40.79%	-22.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.22%	40.42%	-18.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.00%	35.84%	-13.84%

FSCDX vs. FSELX - Expense Ratio Comparison

FSCDX has a 1.22% expense ratio, which is higher than FSELX's 0.68% expense ratio.

Dividends

FSCDX vs. FSELX - Dividend Comparison

FSCDX's dividend yield for the trailing twelve months is around 1.60%, less than FSELX's 11.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSCDX Fidelity Advisor Small Cap Fund Class A	1.60%	1.92%	0.00%	1.36%	5.36%	10.98%	2.70%	3.97%	14.60%	14.03%	2.35%	8.39%
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

Can I hold both FSCDX and FSELX in my portfolio?

FSCDX and FSELX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSCDX or FSELX?

FSELX has higher volatility (16.75%) compared to FSCDX (4.41%). In terms of maximum drawdown, FSCDX dropped -50.10% vs FSELX's -82.54%.

Which has better risk-adjusted returns?

FSELX currently has the higher Sharpe Ratio (1.91 vs 1.60), 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.