AAIZX vs. FIKHX

Last updated Jul 11, 2026

AAIZX (Alger AI Enablers & Adopters Z) and FIKHX (Fidelity Advisor Technology Fund Class Z) are both Technology Equities funds. A 0.71 correlation means they provide meaningful diversification when combined. AAIZX charges 0.55%/yr vs 0.59%/yr for FIKHX.

Performance

AAIZX vs. FIKHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger AI Enablers & Adopters Z (AAIZX) and Fidelity Advisor Technology Fund Class Z (FIKHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AAIZX

• 1D: 1.56%
• 1M: 3.42%
• 6M: 21.64%
• YTD: 24.39%
• 1Y: 50.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIKHX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AAIZX vs. FIKHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AAIZX Alger AI Enablers & Adopters Z	24.39%	41.00%	33.76%
FIKHX Fidelity Advisor Technology Fund Class Z	0.00%	24.77%	20.13%

Correlation

The correlation between AAIZX and FIKHX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Apr 8, 2024	0.71

Over the past year, the correlation between AAIZX and FIKHX has dropped to 0.43 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

Return for Risk

AAIZX vs. FIKHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAIZX

AAIZX Risk / Return Rank: 69
AAIZX Sharpe Ratio Rank: 79
AAIZX Sortino Ratio Rank: 69
AAIZX Omega Ratio Rank: 64
AAIZX Calmar Ratio Rank: 79
AAIZX Martin Ratio Rank: 52

FIKHX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

AAIZX vs. FIKHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters Z (AAIZX) and Fidelity Advisor Technology Fund Class Z (FIKHX). 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.

	AAIZX	FIKHX	Difference
Sharpe ratio: Return per unit of total volatility	2.04	—	—
Sortino ratio: Return per unit of downside risk	2.60	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.85	—	—
Martin ratio: Return relative to average drawdown	8.40	—	—

Drawdowns

Drawdown Indicators

	AAIZX	FIKHX	Difference
Max Drawdown Largest peak-to-trough decline	-29.00%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-17.47%	—	—
Current Drawdown Current decline from peak	-3.29%	—	—
Average Drawdown Average peak-to-trough decline	-4.95%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.92%	—	—

Volatility

Volatility by Period

	AAIZX	FIKHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.36%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.45%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.85%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.85%	—	—

AAIZX vs. FIKHX - Expense Ratio Comparison

AAIZX has a 0.55% expense ratio, which is lower than FIKHX's 0.59% expense ratio.

Dividends

AAIZX vs. FIKHX - Dividend Comparison

AAIZX's dividend yield for the trailing twelve months is around 5.07%, while FIKHX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AAIZX Alger AI Enablers & Adopters Z	5.07%	6.31%	4.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FIKHX Fidelity Advisor Technology Fund Class Z	9.85%	9.85%	7.33%	3.86%	3.32%	11.52%	7.42%	2.64%	22.38%

Frequently Asked Questions

Can I hold both AAIZX and FIKHX in my portfolio?

AAIZX and FIKHX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.