Correlation
The correlation between FADTX and XLK is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
FADTX vs. XLK
Compare and contrast key facts about Fidelity Advisor Technology Fund Class A (FADTX) and Technology Select Sector SPDR Fund (XLK).
FADTX is managed by Fidelity. It was launched on Sep 3, 1996. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FADTX or XLK.
Performance
FADTX vs. XLK - Performance Comparison
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Key characteristics
FADTX:
0.35
XLK:
0.36
FADTX:
0.58
XLK:
0.56
FADTX:
1.08
XLK:
1.08
FADTX:
0.28
XLK:
0.30
FADTX:
0.86
XLK:
0.92
FADTX:
9.47%
XLK:
8.22%
FADTX:
32.90%
XLK:
30.50%
FADTX:
-82.50%
XLK:
-82.05%
FADTX:
-7.95%
XLK:
-4.49%
Returns By Period
In the year-to-date period, FADTX achieves a -3.69% return, which is significantly lower than XLK's -0.52% return. Both investments have delivered pretty close results over the past 10 years, with FADTX having a 19.96% annualized return and XLK not far behind at 19.65%.
FADTX
-3.69%
9.07%
-3.80%
11.97%
21.56%
20.03%
19.96%
XLK
-0.52%
8.38%
-0.87%
10.64%
19.02%
19.70%
19.65%
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FADTX vs. XLK - Expense Ratio Comparison
FADTX has a 0.97% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
FADTX vs. XLK — Risk-Adjusted Performance Rank
FADTX
XLK
FADTX vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Technology Fund Class A (FADTX) and Technology Select Sector SPDR Fund (XLK). 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.
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Dividends
FADTX vs. XLK - Dividend Comparison
FADTX's dividend yield for the trailing twelve months is around 8.32%, more than XLK's 0.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FADTX Fidelity Advisor Technology Fund Class A | 8.32% | 8.01% | 3.94% | 3.72% | 12.63% | 7.85% | 2.52% | 23.98% | 8.23% | 1.63% | 4.55% | 8.57% |
XLK Technology Select Sector SPDR Fund | 0.68% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
FADTX vs. XLK - Drawdown Comparison
The maximum FADTX drawdown since its inception was -82.50%, roughly equal to the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for FADTX and XLK.
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Volatility
FADTX vs. XLK - Volatility Comparison
Fidelity Advisor Technology Fund Class A (FADTX) has a higher volatility of 7.40% compared to Technology Select Sector SPDR Fund (XLK) at 6.47%. This indicates that FADTX's price experiences larger fluctuations and is considered to be riskier than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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