FADTX vs. XLK

Last updated Jun 4, 2026

FADTX (Fidelity Advisor Technology Fund Class A) and XLK (State Street Technology Select Sector SPDR ETF) are both Technology Equities funds. Their correlation of 0.92 suggests significant overlap in exposure. FADTX charges 0.97%/yr vs 0.08%/yr for XLK.

Performance

FADTX vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Technology Fund Class A (FADTX) and State Street Technology Select Sector SPDR ETF (XLK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FADTX

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

XLK

• 1D: -1.00%
• 1M: 21.09%
• YTD: 36.47%
• 6M: 35.71%
• 1Y: 66.93%
• 3Y*: 33.90%
• 5Y*: 23.83%
• 10Y*: 25.84%

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

FADTX vs. XLK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FADTX Fidelity Advisor Technology Fund Class A	0.00%	24.35%	35.02%	59.29%	-36.17%	27.26%	63.93%	50.57%	-8.52%	49.42%
XLK State Street Technology Select Sector SPDR ETF	36.47%	24.61%	21.63%	56.02%	-27.73%	34.74%	43.62%	49.86%	-1.68%	34.26%

Correlation

The correlation between FADTX and XLK is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Dec 23, 1998	0.92

Over the past year, the correlation between FADTX and XLK has dropped to 0.51 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.

FADTX vs. XLK - Sectors Allocation Comparison

Sectors	FADTX	XLK
Technology	97.9%	99.7%
Consumer Cyclical	1.2%	-
Communication Services	0.8%	-
Basic Materials	0.0%	-
Consumer Defensive	-	-
Energy	-	0.2%
Financial Services	-	-
Healthcare	-	-
Industrials	-	0.1%
Real Estate	-	-
Utilities	-	-

Return for Risk

FADTX vs. XLK — Risk / Return Rank

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

XLK

XLK Risk / Return Rank: 83
XLK Sharpe Ratio Rank: 91
XLK Sortino Ratio Rank: 85
XLK Omega Ratio Rank: 83
XLK Calmar Ratio Rank: 80
XLK Martin Ratio Rank: 73

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.

FADTX vs. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Technology Fund Class A (FADTX) and State Street Technology Select Sector SPDR ETF (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.

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

Sharpe Ratios by Period

	FADTX	XLK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.24	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.96	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.42	—

Drawdowns

Drawdown Indicators

	FADTX	XLK	Difference
Max Drawdown Largest peak-to-trough decline	—	-82.05%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-15.92%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.56%	—
Current Drawdown Current decline from peak	—	-1.00%	—
Average Drawdown Average peak-to-trough decline	—	-34.96%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.74%	—

Volatility

Volatility by Period

	FADTX	XLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.98%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	20.82%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	24.90%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	24.49%	—

FADTX vs. XLK - Expense Ratio Comparison

FADTX has a 0.97% expense ratio, which is higher than XLK's 0.08% expense ratio.

Dividends

FADTX vs. XLK - Dividend Comparison

FADTX's dividend yield for the trailing twelve months is around 11.13%, more than XLK's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FADTX Fidelity Advisor Technology Fund Class A	11.13%	11.13%	8.01%	3.94%	3.72%	12.63%	7.85%	2.52%	23.98%	8.23%	1.63%	4.55%
XLK State Street Technology Select Sector SPDR ETF	0.39%	0.54%	0.66%	0.76%	1.04%	0.65%	0.92%	1.16%	1.60%	1.37%	1.74%	1.79%

Frequently Asked Questions

Can I hold both FADTX and XLK in my portfolio?

FADTX and XLK have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.