FAFDX vs. BDMIX
Compare and contrast key facts about Fidelity Advisor Financial Services Fund Class A (FAFDX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX).
FAFDX is managed by BlackRock. It was launched on Sep 3, 1996. BDMIX is managed by BlackRock. It was launched on Dec 20, 2012.
Performance
FAFDX vs. BDMIX - Performance Comparison
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FAFDX vs. BDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAFDX Fidelity Advisor Financial Services Fund Class A | -9.46% | 14.91% | 39.01% | 14.03% | -8.93% | 32.90% | -0.25% | 33.77% | -16.09% | 20.17% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 3.57% | 18.30% | 21.39% | 14.55% | 1.80% | 3.34% | 0.29% | -0.85% | 2.20% | 12.85% |
Returns By Period
In the year-to-date period, FAFDX achieves a -9.46% return, which is significantly lower than BDMIX's 3.57% return. Over the past 10 years, FAFDX has outperformed BDMIX with an annualized return of 12.71%, while BDMIX has yielded a comparatively lower 7.21% annualized return.
FAFDX
- 1D
- 0.98%
- 1M
- -5.39%
- YTD
- -9.46%
- 6M
- -5.99%
- 1Y
- 4.37%
- 3Y*
- 20.58%
- 5Y*
- 11.02%
- 10Y*
- 12.71%
BDMIX
- 1D
- -0.46%
- 1M
- 0.87%
- YTD
- 3.57%
- 6M
- 6.57%
- 1Y
- 16.65%
- 3Y*
- 18.58%
- 5Y*
- 11.16%
- 10Y*
- 7.21%
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FAFDX vs. BDMIX - Expense Ratio Comparison
FAFDX has a 1.03% expense ratio, which is lower than BDMIX's 1.57% expense ratio.
Return for Risk
FAFDX vs. BDMIX — Risk / Return Rank
FAFDX
BDMIX
FAFDX vs. BDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Financial Services Fund Class A (FAFDX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX). 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.
| FAFDX | BDMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.25 | 2.57 | -2.32 |
Sortino ratioReturn per unit of downside risk | 0.47 | 3.76 | -3.29 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.48 | -0.41 |
Calmar ratioReturn relative to maximum drawdown | 0.22 | 4.90 | -4.68 |
Martin ratioReturn relative to average drawdown | 0.68 | 13.59 | -12.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FAFDX | BDMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 2.57 | -2.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 1.72 | -1.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 1.25 | -0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 1.14 | -0.84 |
Correlation
The correlation between FAFDX and BDMIX is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FAFDX vs. BDMIX - Dividend Comparison
FAFDX's dividend yield for the trailing twelve months is around 7.66%, less than BDMIX's 8.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAFDX Fidelity Advisor Financial Services Fund Class A | 7.66% | 6.93% | 9.59% | 2.29% | 5.93% | 4.21% | 2.47% | 1.21% | 4.00% | 0.06% | 0.21% | 0.53% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 8.63% | 8.94% | 13.26% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% |
Drawdowns
FAFDX vs. BDMIX - Drawdown Comparison
The maximum FAFDX drawdown since its inception was -75.69%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for FAFDX and BDMIX.
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Drawdown Indicators
| FAFDX | BDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.69% | -11.89% | -63.80% |
Max Drawdown (1Y)Largest decline over 1 year | -14.39% | -3.60% | -10.79% |
Max Drawdown (5Y)Largest decline over 5 years | -25.14% | -7.45% | -17.69% |
Max Drawdown (10Y)Largest decline over 10 years | -45.99% | -9.44% | -36.55% |
Current DrawdownCurrent decline from peak | -12.19% | -0.85% | -11.34% |
Average DrawdownAverage peak-to-trough decline | -17.73% | -2.72% | -15.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.64% | 1.30% | +3.34% |
Volatility
FAFDX vs. BDMIX - Volatility Comparison
Fidelity Advisor Financial Services Fund Class A (FAFDX) has a higher volatility of 4.51% compared to BlackRock Global Long/Short Equity Fund Class I (BDMIX) at 1.58%. This indicates that FAFDX's price experiences larger fluctuations and is considered to be riskier than BDMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAFDX | BDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 1.58% | +2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 12.41% | 4.74% | +7.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.13% | 6.91% | +14.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.12% | 6.53% | +14.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.83% | 5.77% | +18.06% |