FAFCX vs. FIKBX

Last updated Jun 24, 2026

FAFCX (Fidelity Advisor Financial Services Fund Class C) and FIKBX (Fidelity Advisor Financial Services Fund Class Z) are both Financials Equities funds from BlackRock. Over the past 5 years, FAFCX returned 11.87%/yr vs 12.10%/yr for FIKBX. With a 1.00 correlation, they move nearly in lockstep. FAFCX charges 1.79%/yr vs 0.64%/yr for FIKBX.

Performance

FAFCX vs. FIKBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Financial Services Fund Class C (FAFCX) and Fidelity Advisor Financial Services Fund Class Z (FIKBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FAFCX achieves a 2.42% return, which is significantly lower than FIKBX's 3.00% return.

FAFCX

• 1D: 0.71%
• 1M: 4.26%
• YTD: 2.42%
• 6M: 0.82%
• 1Y: 12.21%
• 3Y*: 24.80%
• 5Y*: 11.87%
• 10Y*: 13.55%

FIKBX

• 1D: 0.73%
• 1M: 4.39%
• YTD: 3.00%
• 6M: 1.41%
• 1Y: 13.53%
• 3Y*: 24.29%
• 5Y*: 12.10%
• 10Y*: —

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

FAFCX vs. FIKBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FAFCX Fidelity Advisor Financial Services Fund Class C	2.42%	14.05%	37.55%	13.19%	-9.63%	31.91%	-1.00%	32.80%	-11.15%
FIKBX Fidelity Advisor Financial Services Fund Class Z	3.00%	15.36%	32.80%	14.47%	-8.58%	33.43%	0.18%	34.31%	-11.43%

Correlation

The correlation between FAFCX and FIKBX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	1.00

The correlation between FAFCX and FIKBX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FAFCX vs. FIKBX — Risk / Return Rank

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

FAFCX

FAFCX Risk / Return Rank: 12
FAFCX Sharpe Ratio Rank: 12
FAFCX Sortino Ratio Rank: 11
FAFCX Omega Ratio Rank: 12
FAFCX Calmar Ratio Rank: 12
FAFCX Martin Ratio Rank: 11

FIKBX

FIKBX Risk / Return Rank: 13
FIKBX Sharpe Ratio Rank: 14
FIKBX Sortino Ratio Rank: 13
FIKBX Omega Ratio Rank: 13
FIKBX Calmar Ratio Rank: 14
FIKBX Martin Ratio Rank: 13

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.

FAFCX vs. FIKBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Financial Services Fund Class C (FAFCX) and Fidelity Advisor Financial Services Fund Class Z (FIKBX). 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.

	FAFCX	FIKBX	Difference
Sharpe ratio: Return per unit of total volatility	0.87	0.96	-0.08
Sortino ratio: Return per unit of downside risk	1.27	1.38	-0.11
Omega ratio: Gain probability vs. loss probability	1.16	1.17	-0.01
Calmar ratio: Return relative to maximum drawdown	1.07	1.19	-0.12
Martin ratio: Return relative to average drawdown	2.99	3.38	-0.39

FAFCX vs. FIKBX - Sharpe Ratio Comparison

The current FAFCX Sharpe Ratio is 0.87, which is comparable to the FIKBX Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of FAFCX and FIKBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FAFCX vs. FIKBX - Drawdown Comparison

The maximum FAFCX drawdown since its inception was -76.00%, which is greater than FIKBX's maximum drawdown of -45.95%. Use the drawdown chart below to compare losses from any high point for FAFCX and FIKBX.

Drawdown Indicators

	FAFCX	FIKBX	Difference
Max Drawdown Largest peak-to-trough decline	-76.00%	-45.95%	-30.05%
Max Drawdown (1Y) Largest decline over 1 year	-13.19%	-12.96%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	-19.53%	-19.38%	-0.15%
Max Drawdown (5Y) Largest decline over 5 years	-25.75%	-24.82%	-0.93%
Max Drawdown (10Y) Largest decline over 10 years	-46.01%	—	—
Current Drawdown Current decline from peak	-0.67%	-0.45%	-0.22%
Average Drawdown Average peak-to-trough decline	-18.77%	-8.06%	-10.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.70%	4.54%	+0.16%

Volatility

FAFCX vs. FIKBX - Volatility Comparison

Fidelity Advisor Financial Services Fund Class C (FAFCX) and Fidelity Advisor Financial Services Fund Class Z (FIKBX) have volatilities of 4.39% and 4.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAFCX	FIKBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	4.38%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	12.22%	12.20%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	16.12%	16.09%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.95%	20.69%	+0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.83%	25.88%	-2.05%

FAFCX vs. FIKBX - Expense Ratio Comparison

FAFCX has a 1.79% expense ratio, which is higher than FIKBX's 0.64% expense ratio.

Dividends

FAFCX vs. FIKBX - Dividend Comparison

FAFCX's dividend yield for the trailing twelve months is around 6.51%, less than FIKBX's 6.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAFCX Fidelity Advisor Financial Services Fund Class C	6.51%	6.67%	9.04%	1.58%	5.50%	3.78%	1.85%	0.45%	3.33%	0.00%	0.01%	0.28%
FIKBX Fidelity Advisor Financial Services Fund Class Z	6.91%	7.11%	5.04%	2.48%	6.20%	4.43%	2.78%	1.59%	4.47%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FAFCX and FIKBX in my portfolio?

With a correlation of 1.00, FAFCX and FIKBX 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.

Which is riskier, FAFCX or FIKBX?

FAFCX has higher volatility (4.39%) compared to FIKBX (4.38%). In terms of maximum drawdown, FAFCX dropped -76.00% vs FIKBX's -45.95%.

Which has better risk-adjusted returns?

FIKBX currently has the higher Sharpe Ratio (0.96 vs 0.87), 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.