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ISIN
US3163901370
Issuer
Fidelity
Inception Date
Nov 30, 2018
Min. Investment
$0
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

FGEMX Performance Chart

Fidelity Advisor Communication Services Class M (FGEMX) is up 10.5% since the beginning of the year. FGEMX is currently trading at $140 per share. Investors who bought $1,000 worth of FGEMX shares 5 years ago would now be looking at an investment worth $1,896.


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S&P 500 Index

Returns By Period

Fidelity Advisor Communication Services Class M (FGEMX) has returned 10.49% so far this year and 40.34% over the past 12 months.


Fidelity Advisor Communication Services Class M

1D
-1.13%
1M
3.40%
YTD
10.49%
6M
12.34%
1Y
40.34%
3Y*
33.99%
5Y*
13.65%
10Y*

Benchmark (S&P 500 Index)

1D
0.13%
1M
5.25%
YTD
11.16%
6M
11.43%
1Y
28.20%
3Y*
21.12%
5Y*
12.66%
10Y*
13.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FGEMX Monthly Returns History

Based on dividend-adjusted daily data since Nov 30, 2018, FGEMX's average daily return is +0.08%, while the average monthly return is +1.63%. At this rate, an investment would double in approximately 3.6 years.

Historically, 66% of months were positive and 34% were negative. The best month was Apr 2026 with a return of +15.8%, while the worst month was Apr 2022 at -14.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FGEMX closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +9.7%, while the worst single day was Mar 16, 2020 at -11.9%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20264.41%-4.53%-7.37%15.78%4.53%-1.13%10.49%
20259.08%-4.55%-8.92%0.95%10.46%10.45%4.56%1.99%6.15%0.47%0.76%1.45%35.78%
20243.21%5.44%2.50%-2.90%6.01%4.56%-2.61%-0.01%6.16%1.65%3.34%3.67%35.16%
202315.66%-3.00%7.85%2.81%3.96%5.65%6.86%-2.26%-3.20%-1.71%9.15%5.28%56.03%
2022-6.95%-6.60%0.28%-14.20%-0.54%-9.00%5.29%-2.07%-12.11%0.96%6.88%-7.28%-38.63%
2021-0.24%6.10%3.26%7.32%0.87%2.79%1.37%3.41%-5.81%0.26%-6.91%2.93%15.37%

Benchmark Metrics

Fidelity Advisor Communication Services Class M has an annualized alpha of 4.14%, beta of 1.05, and R2 of 0.75 versus S&P 500 Index. Calculated based on daily prices since December 03, 2018.

  • This fund captured 123.19% of S&P 500 Index gains and 106.79% of its losses - amplifying both gains and losses, but participating more in upside than downside.
  • This fund generated an annualized alpha of 4.14% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
  • With beta of 1.05 and R2 of 0.75, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

Alpha
4.14%
Beta
1.05
0.75
Upside Capture
123.19%
Downside Capture
106.79%

Expense Ratio

FGEMX has a high expense ratio of 1.27%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

FGEMX ranks 49 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.


FGEMX Risk / Return Rank: 4949
Overall Rank
FGEMX Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
FGEMX Sortino Ratio Rank: 5151
Sortino Ratio Rank
FGEMX Omega Ratio Rank: 5050
Omega Ratio Rank
FGEMX Calmar Ratio Rank: 4242
Calmar Ratio Rank
FGEMX Martin Ratio Rank: 4444
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Fidelity Advisor Communication Services Class M (FGEMX) and compare them to S&P 500 Index.


FGEMXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

2.22

2.39

-0.17

Sortino ratio

Return per unit of downside risk

2.99

3.25

-0.26

Omega ratio

Gain probability vs. loss probability

1.39

1.43

-0.05

Calmar ratio

Return relative to maximum drawdown

2.48

3.11

-0.64

Martin ratio

Return relative to average drawdown

9.37

14.38

-5.01

Dividends

Dividend History

Fidelity Advisor Communication Services Class M provided a 12.00% dividend yield over the last twelve months, with an annual payout of $16.76 per share.


0.00%10.00%20.00%30.00%40.00%$0.00$5.00$10.00$15.00$20.0020182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018
Dividend$16.76$9.89$7.56$0.00$0.00$5.03$3.10$22.57$5.89

Dividend yield

12.00%7.28%6.99%0.00%0.00%5.61%3.78%35.33%8.81%

Monthly Dividends

The table displays the monthly dividend distributions for Fidelity Advisor Communication Services Class M. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$9.25$0.00$0.00$9.25
2025$0.00$0.00$0.00$2.37$0.00$0.00$0.00$0.00$0.00$0.00$0.00$7.51$9.89
2024$0.00$0.00$0.00$2.59$0.00$0.00$0.00$0.00$0.00$0.00$0.00$4.97$7.56
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2021$0.00$0.00$0.00$3.41$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.62$5.03

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Fidelity Advisor Communication Services Class M. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Advisor Communication Services Class M was 47.74%, occurring on Nov 3, 2022. Recovery took 385 trading sessions.

The current Fidelity Advisor Communication Services Class M drawdown is 2.39%.


Related event

Drawdown

Fall

Recovery

Underwater

Bear market2022
-47.74%Nov 2022
1y 2mo1y 6mo
2y 8moSep 2021 - May 2024
COVID crash2020
-30.51%Mar 2020
25d2mo 21d
3mo 16dFeb 2020 - Jun 2020
2025 selloff2025
-23.26%Apr 2025
1mo 19d2mo 3d
3mo 22dFeb 2025 - Jun 2025
2026 correction2026
-16.98%Mar 2026
1mo 29d18d
2mo 17dJan 2026 - Apr 2026
Rate-hike selloffLate 2018
-12.72%Dec 2018
20d25d
1mo 15dDec 2018 - Jan 2019

Drawdown Indicators


FGEMXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-47.74%

-56.78%

+9.04%

Max Drawdown (1Y)

Largest decline over 1 year

-16.98%

-9.10%

-7.88%

Max Drawdown (3Y)

Largest decline over 3 years

-23.26%

-18.90%

-4.36%

Max Drawdown (5Y)

Largest decline over 5 years

-47.74%

-25.43%

-22.31%

Max Drawdown (10Y)

Largest decline over 10 years

-33.92%

Current Drawdown

Current decline from peak

-2.39%

0.00%

-2.39%

Average Drawdown

Average peak-to-trough decline

-10.98%

-10.72%

-0.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.48%

1.97%

+2.51%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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