FSPTX vs. FELAX

Last updated Aug 2, 2026

FSPTX (Fidelity Select Technology Portfolio) and FELAX (Fidelity Advisor Semiconductors Fund Class A) are both mutual funds - FSPTX is a Technology Equities fund actively managed by Fidelity, while FELAX is a Semiconductors fund actively managed by Fidelity. Both are actively managed. Over the past 10 years, FSPTX returned 25.58%/yr vs 33.19%/yr for FELAX. Their correlation of 0.89 means they have usually moved in the same direction. FSPTX charges 0.61%/yr vs 0.94%/yr for FELAX.

Performance

FSPTX vs. FELAX - Performance Comparison

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

Returns By Period

In the year-to-date period, FSPTX achieves a 30.03% return, which is significantly lower than FELAX's 47.97% return. Over the past 10 years, FSPTX has underperformed FELAX with an annualized return of 25.58%, while FELAX has yielded a comparatively higher 33.19% annualized return.

FSPTX

• 1D: 3.77%
• 1M: -2.64%
• 6M: 27.84%
• YTD: 30.03%
• 1Y: 46.11%
• 3Y*: 33.19%
• 5Y*: 19.84%
• 10Y*: 25.58%
• ALL TIME*: 14.97%

FELAX

• 1D: 7.41%
• 1M: -8.94%
• 6M: 32.48%
• YTD: 47.97%
• 1Y: 85.05%
• 3Y*: 46.27%
• 5Y*: 35.22%
• 10Y*: 33.19%
• ALL TIME*: 14.60%

*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)
FELAX Fidelity Advisor Semiconductors Fund Class A	$0.00	$0.00	$0.00
FSPTX Fidelity Select Technology Portfolio	$0.00	$0.00	$0.00

FSPTX vs. FELAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSPTX Fidelity Select Technology Portfolio	30.03%	23.37%	41.76%	59.83%	-36.91%	21.99%	63.95%	51.08%	-9.03%	49.75%
FELAX Fidelity Advisor Semiconductors Fund Class A	47.97%	44.88%	43.74%	75.08%	-35.07%	57.50%	43.57%	63.76%	-12.76%	34.12%

Correlation

The correlation between FSPTX and FELAX is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Dec 27, 2000	0.89

The correlation between FSPTX and FELAX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

Return for Risk

FSPTX vs. FELAX — Risk / Return Rank

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

FSPTX

FSPTX Risk / Return Rank: 72
FSPTX Sharpe Ratio Rank: 74
FSPTX Sortino Ratio Rank: 66
FSPTX Omega Ratio Rank: 65
FSPTX Calmar Ratio Rank: 85
FSPTX Martin Ratio Rank: 69

FELAX

FELAX Risk / Return Rank: 81
FELAX Sharpe Ratio Rank: 83
FELAX Sortino Ratio Rank: 73
FELAX Omega Ratio Rank: 74
FELAX Calmar Ratio Rank: 87
FELAX Martin Ratio Rank: 91

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.

FSPTX vs. FELAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Technology Portfolio (FSPTX) and Fidelity Advisor Semiconductors Fund Class A (FELAX). 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.

	FSPTX	FELAX	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.97	-0.31
Sortino ratio: Return per unit of downside risk	2.20	2.40	-0.21
Omega ratio: Gain probability vs. loss probability	1.28	1.31	-0.04
Calmar ratio: Return relative to maximum drawdown	2.86	2.98	-0.12
Martin ratio: Return relative to average drawdown	8.20	12.61	-4.41

FSPTX vs. FELAX - Sharpe Ratio Comparison

The current FSPTX Sharpe Ratio is 1.66, which is comparable to the FELAX Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of FSPTX and FELAX, 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

FSPTX vs. FELAX - Drawdown Comparison

The maximum FSPTX drawdown since its inception was -84.37%, which is greater than FELAX's maximum drawdown of -71.33%. Use the drawdown chart below to compare losses from any high point for FSPTX and FELAX.

Drawdown Indicators

	FSPTX	FELAX	Difference
Max Drawdown Largest peak-to-trough decline	-84.37%	-71.33%	-13.04%
Max Drawdown (1Y) Largest decline over 1 year	-14.87%	-26.90%	+12.03%
Max Drawdown (3Y) Largest decline over 3 years	-29.22%	-36.43%	+7.21%
Max Drawdown (5Y) Largest decline over 5 years	-42.16%	-46.15%	+3.99%
Max Drawdown (10Y) Largest decline over 10 years	-42.16%	-46.15%	+3.99%
Current Drawdown Current decline from peak	-11.67%	-21.49%	+9.82%
Average Drawdown Average peak-to-trough decline	-26.96%	-21.81%	-5.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.19%	6.36%	-1.17%

Volatility

FSPTX vs. FELAX - Volatility Comparison

The current volatility for Fidelity Select Technology Portfolio (FSPTX) is 8.28%, while Fidelity Advisor Semiconductors Fund Class A (FELAX) has a volatility of 16.84%. This indicates that FSPTX experiences smaller price fluctuations and is considered to be less risky than FELAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSPTX	FELAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.28%	16.84%	-8.56%
Volatility (6M) Calculated over the trailing 6-month period	21.29%	34.45%	-13.16%
Volatility (1Y) Calculated over the trailing 1-year period	25.63%	40.70%	-15.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.04%	39.85%	-11.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.29%	35.48%	-9.19%

FSPTX vs. FELAX - Expense Ratio Comparison

FSPTX has a 0.61% expense ratio, which is lower than FELAX's 0.94% expense ratio.

Dividends

FSPTX vs. FELAX - Dividend Comparison

FSPTX's dividend yield for the trailing twelve months is around 8.35%, more than FELAX's 4.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELAX Fidelity Advisor Semiconductors Fund Class A	4.71%	6.96%	7.02%	3.40%	3.32%	4.34%	4.51%	1.00%	20.15%	9.67%	0.36%	10.71%
FSPTX Fidelity Select Technology Portfolio	8.35%	9.06%	9.42%	0.01%	3.95%	11.62%	18.86%	1.86%	23.77%	8.32%	1.54%	4.19%

Frequently Asked Questions

Can I hold both FSPTX and FELAX in my portfolio?

With a correlation of 0.91, FSPTX and FELAX 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.

Which is riskier, FSPTX or FELAX?

FELAX has higher volatility (16.84%) compared to FSPTX (8.28%). In terms of maximum drawdown, FSPTX dropped -84.37% vs FELAX's -71.33%.

Which has better risk-adjusted returns?

FELAX currently has the higher Sharpe Ratio (1.97 vs 1.66), 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.