- ISIN
- US3163901370
- Issuer
- Fidelity
- Inception Date
- Nov 30, 2018
- Category
- Communications Equities
- 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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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%
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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.41% | -4.53% | -7.37% | 15.78% | 4.53% | -1.13% | 10.49% | ||||||
| 2025 | 9.08% | -4.55% | -8.92% | 0.95% | 10.46% | 10.45% | 4.56% | 1.99% | 6.15% | 0.47% | 0.76% | 1.45% | 35.78% |
| 2024 | 3.21% | 5.44% | 2.50% | -2.90% | 6.01% | 4.56% | -2.61% | -0.01% | 6.16% | 1.65% | 3.34% | 3.67% | 35.16% |
| 2023 | 15.66% | -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
- R²
- 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.
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.
| FGEMX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.22 | 2.39 | -0.17 |
Sortino ratioReturn per unit of downside risk | 2.99 | 3.25 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.48 | 3.11 | -0.64 |
Martin ratioReturn relative to average drawdown | 9.37 | 14.38 | -5.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 2mo | 1y 6mo | 2y 8moSep 2021 - May 2024 |
COVID crash2020 | -30.51%Mar 2020 | 25d | 2mo 21d | 3mo 16dFeb 2020 - Jun 2020 |
2025 selloff2025 | -23.26%Apr 2025 | 1mo 19d | 2mo 3d | 3mo 22dFeb 2025 - Jun 2025 |
2026 correction2026 | -16.98%Mar 2026 | 1mo 29d | 18d | 2mo 17dJan 2026 - Apr 2026 |
Rate-hike selloffLate 2018 | -12.72%Dec 2018 | 20d | 25d | 1mo 15dDec 2018 - Jan 2019 |
Drawdown Indicators
| FGEMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -2.39% | 0.00% | -2.39% |
Average DrawdownAverage peak-to-trough decline | -10.98% | -10.72% | -0.26% |
Ulcer IndexDepth 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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