BTEKX vs. FIKGX
BTEKX (BlackRock Technology Opportunities Fund Class K) and FIKGX (Fidelity Advisor Semiconductors Fund Class Z) are both Technology Equities funds. Over the past 5 years, BTEKX returned 13.12%/yr vs 35.26%/yr for FIKGX. Their correlation of 0.88 means they have usually moved in the same direction. BTEKX charges 0.84%/yr vs 0.62%/yr for FIKGX.
Performance
BTEKX vs. FIKGX - Performance Comparison
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Returns By Period
In the year-to-date period, BTEKX achieves a 31.87% return, which is significantly lower than FIKGX's 59.66% return.
BTEKX
- 1D
- 4.41%
- 1M
- -2.81%
- 6M
- 35.39%
- YTD
- 31.87%
- 1Y
- 41.44%
- 3Y*
- 34.90%
- 5Y*
- 13.12%
- 10Y*
- —
- ALL TIME*
- 23.48%
FIKGX
- 1D
- 5.55%
- 1M
- -4.08%
- 6M
- 49.59%
- YTD
- 59.66%
- 1Y
- 99.66%
- 3Y*
- 49.68%
- 5Y*
- 35.26%
- 10Y*
- —
- ALL TIME*
- 37.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BTEKX vs. FIKGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BTEKX BlackRock Technology Opportunities Fund Class K | 31.87% | 20.03% | 40.41% | 49.56% | -42.95% | 8.55% | 86.87% | 5.72% |
FIKGX Fidelity Advisor Semiconductors Fund Class Z | 59.66% | 45.43% | 35.88% | 75.75% | -34.81% | 58.07% | 44.21% | 8.31% |
Correlation
The correlation between BTEKX and FIKGX 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. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2019 | 0.88 |
The correlation between BTEKX and FIKGX has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
BTEKX vs. FIKGX — Risk / Return Rank
BTEKX
FIKGX
BTEKX vs. FIKGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Technology Opportunities Fund Class K (BTEKX) and Fidelity Advisor Semiconductors Fund Class Z (FIKGX). 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.
| BTEKX | FIKGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.36 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 3.61 | -1.68 |
| Martin ratioReturn relative to average drawdown | 5.51 | 14.52 | -9.01 |
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Drawdowns
BTEKX vs. FIKGX - Drawdown Comparison
The maximum BTEKX drawdown since its inception was -49.08%, which is greater than FIKGX's maximum drawdown of -45.98%. Use the drawdown chart below to compare losses from any high point for BTEKX and FIKGX.
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Drawdown Indicators
| BTEKX | FIKGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.08% | -45.98% | -3.10% |
Max Drawdown (1Y)Largest decline over 1 year | -20.79% | -26.88% | +6.09% |
Max Drawdown (3Y)Largest decline over 3 years | -27.72% | -39.67% | +11.95% |
Max Drawdown (5Y)Largest decline over 5 years | -49.08% | -45.98% | -3.10% |
Current DrawdownCurrent decline from peak | -8.54% | -15.43% | +6.89% |
Average DrawdownAverage peak-to-trough decline | -14.82% | -9.84% | -4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.26% | 6.67% | +0.59% |
Volatility
BTEKX vs. FIKGX - Volatility Comparison
The current volatility for BlackRock Technology Opportunities Fund Class K (BTEKX) is 14.35%, while Fidelity Advisor Semiconductors Fund Class Z (FIKGX) has a volatility of 16.54%. This indicates that BTEKX experiences smaller price fluctuations and is considered to be less risky than FIKGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTEKX | FIKGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.35% | 16.54% | -2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 28.74% | 34.70% | -5.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.50% | 40.97% | -8.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.54% | 40.00% | -10.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.96% | 39.10% | -9.14% |
BTEKX vs. FIKGX - Expense Ratio Comparison
BTEKX has a 0.84% expense ratio, which is higher than FIKGX's 0.62% expense ratio.
Dividends
BTEKX vs. FIKGX - Dividend Comparison
BTEKX's dividend yield for the trailing twelve months is around 14.24%, more than FIKGX's 4.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BTEKX BlackRock Technology Opportunities Fund Class K | 14.24% | 12.17% | 7.80% | 0.00% | 0.00% | 7.17% | 4.46% | 0.00% | 0.00% |
FIKGX Fidelity Advisor Semiconductors Fund Class Z | 4.18% | 6.67% | 0.00% | 3.14% | 3.08% | 4.19% | 4.54% | 1.08% | 19.72% |
Frequently Asked Questions
With a correlation of 0.91, BTEKX and FIKGX 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.
FIKGX has higher volatility (16.54%) compared to BTEKX (14.35%). In terms of maximum drawdown, BTEKX dropped -49.08% vs FIKGX's -45.98%.
FIKGX currently has the higher Sharpe Ratio (2.37 vs 1.24), 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.
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