- CUSIP
- 316390277
- Issuer
- Fidelity
- Inception Date
- Dec 12, 2006
- Region
- North America (United States)
- Category
- Natural Resources
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FMFEX Performance Chart
Fidelity Advisor Materials Fund Class I (FMFEX) is up 10.6% since the beginning of the year. FMFEX is currently trading at $98 per share. Investors who bought $1,000 worth of FMFEX shares 5 years ago would now be looking at an investment worth $1,300.
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Compare this symbol against anything
Returns By Period
Fidelity Advisor Materials Fund Class I (FMFEX) has returned 10.61% so far this year and 13.22% over the past 12 months. Over the last ten years, FMFEX has returned 7.84% per year, falling short of the S&P 500 Index benchmark, which averaged 13.08% annually.
Fidelity Advisor Materials Fund Class I
- 1D
- 1.30%
- 1M
- -2.44%
- 6M
- -0.89%
- YTD
- 10.61%
- 1Y
- 13.22%
- 3Y*
- 4.71%
- 5Y*
- 5.39%
- 10Y*
- 7.84%
- ALL TIME*
- 7.73%
Benchmark (S&P 500 Index)
- 1D
- 0.21%
- 1M
- 1.02%
- 6M
- 6.45%
- YTD
- 8.52%
- 1Y
- 16.26%
- 3Y*
- 17.48%
- 5Y*
- 10.95%
- 10Y*
- 13.08%
- ALL TIME*
- 8.07%
FMFEX Monthly Returns History
Based on dividend-adjusted daily data since Dec 1, 2005, FMFEX's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.
Historically, 57% of months were positive and 43% were negative. The best month was Apr 2009 with a return of +19.3%, while the worst month was Oct 2008 at -26.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FMFEX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +13.2%, while the worst single day was Oct 15, 2008 at -12.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.58% | 9.25% | -5.54% | 2.81% | 0.08% | -2.76% | -1.33% | 10.61% | |||||
| 2025 | 5.04% | -0.28% | -3.34% | -0.45% | 3.48% | 2.49% | -1.35% | 5.76% | 0.21% | -6.08% | 3.44% | 2.49% | 11.28% |
| 2024 | -2.83% | 4.45% | 7.56% | -3.72% | 2.82% | -4.49% | 2.72% | -0.17% | 2.92% | -3.00% | 3.49% | -11.27% | -2.97% |
| 2023 | 9.40% | -3.51% | -1.98% | -0.41% | -7.13% | 10.61% | 6.09% | -2.86% | -5.59% | -7.16% | 7.13% | 4.74% | 7.30% |
| 2022 | -7.38% | 2.08% | 6.25% | -6.24% | 1.97% | -14.79% | 6.67% | -1.91% | -8.98% | 8.65% | 12.59% | -5.45% | -9.86% |
| 2021 | -2.11% | 6.87% | 5.41% | 7.13% | 4.62% | -5.21% | 1.20% | 2.02% | -5.64% | 8.05% | -1.08% | 7.91% | 31.64% |
Benchmark Metrics
Fidelity Advisor Materials Fund Class I has an annualized alpha of -0.99%, beta of 1.10, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since December 01, 2005.
- This fund participated in 111.93% of S&P 500 Index downside but only 106.71% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.10 and R2 of 0.73, 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
- -0.99%
- Beta
- 1.10
- R²
- 0.73
- Upside Capture
- 106.71%
- Downside Capture
- 111.93%
Expense Ratio
FMFEX has an expense ratio of 0.72%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FMFEX ranks 17 for risk / return — in the bottom 17% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Materials Fund Class I (FMFEX) and compare them to S&P 500 Index.
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.
| FMFEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.23 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 1.80 | -0.81 |
| Martin ratioReturn relative to average drawdown | 2.77 | 7.70 | -4.93 |
Dividends
Dividend History
Fidelity Advisor Materials Fund Class I provided a 5.01% dividend yield over the last twelve months, with an annual payout of $4.93 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.93 | $1.71 | $10.43 | $5.28 | $3.17 | $0.79 | $0.58 | $0.84 | $8.02 | $4.78 | $0.80 | $1.67 |
Dividend yield | 5.01% | 1.87% | 12.44% | 5.46% | 3.33% | 0.73% | 0.70% | 1.22% | 12.91% | 5.26% | 1.05% | 2.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Materials Fund Class I. 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 | $3.22 | $0.00 | $0.00 | $0.00 | $3.22 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.71 | $1.71 |
| 2024 | $0.00 | $0.00 | $0.00 | $3.29 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.14 | $10.43 |
| 2023 | $0.00 | $0.00 | $0.00 | $4.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.27 | $5.28 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.17 | $3.17 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.79 | $0.79 |
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 Materials Fund Class I. 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 Materials Fund Class I was 64.19%, occurring on Nov 20, 2008. Recovery took 492 trading sessions.
The current Fidelity Advisor Materials Fund Class I drawdown is 6.75%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-64.19%Nov 2008 | 6mo 5d | 1y 11mo | 2y 5moMay 2008 - Nov 2010 | Financial crisis2007–2009 |
-49.87%Mar 2020 | 2y 1mo | 9mo 19d | 2y 11moJan 2018 - Jan 2021 | COVID crash2020 |
-30.61%Oct 2011 | 5mo 4d | 11mo 17d | 1y 4moMay 2011 - Sep 2012 | — |
-27.90%Jan 2016 | 1y 6mo | 1y | 2y 6moJul 2014 - Jan 2017 | — |
-25.39%Sep 2022 | 5mo 8d | 1y 5mo | 1y 10moApr 2022 - Mar 2024 | Bear market2022 |
Drawdown Indicators
| FMFEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.19% | -56.78% | -7.41% |
Max Drawdown (1Y)Largest decline over 1 year | -12.16% | -9.10% | -3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -22.15% | -18.90% | -3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -25.39% | -25.43% | +0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -49.87% | -33.92% | -15.95% |
Current DrawdownCurrent decline from peak | -6.75% | -2.38% | -4.37% |
Average DrawdownAverage peak-to-trough decline | -10.58% | -10.70% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 2.12% | +2.25% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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