FAFSX vs. SBFAX
FAFSX (Fidelity Advisor Financial Services Fund Class M) and SBFAX (1919 Financial Services Fund) are both Financials Equities funds from BlackRock. Over the past 10 years, FAFSX returned 14.12%/yr vs 9.24%/yr for SBFAX. Their correlation of 0.92 suggests significant overlap in exposure. FAFSX charges 1.28%/yr vs 1.36%/yr for SBFAX.
Performance
FAFSX vs. SBFAX - Performance Comparison
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Returns By Period
In the year-to-date period, FAFSX achieves a 2.67% return, which is significantly higher than SBFAX's -1.82% return. Over the past 10 years, FAFSX has outperformed SBFAX with an annualized return of 14.12%, while SBFAX has yielded a comparatively lower 9.24% annualized return.
FAFSX
- 1D
- 0.71%
- 1M
- 4.30%
- YTD
- 2.67%
- 6M
- 1.06%
- 1Y
- 12.77%
- 3Y*
- 25.49%
- 5Y*
- 12.46%
- 10Y*
- 14.12%
SBFAX
- 1D
- 0.46%
- 1M
- 2.33%
- YTD
- -1.82%
- 6M
- -3.17%
- 1Y
- 0.83%
- 3Y*
- 15.02%
- 5Y*
- 3.73%
- 10Y*
- 9.24%
FAFSX vs. SBFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAFSX Fidelity Advisor Financial Services Fund Class M | 2.67% | 14.61% | 38.47% | 13.74% | -9.15% | 32.60% | -0.54% | 33.44% | -16.30% | 20.14% |
SBFAX 1919 Financial Services Fund | -1.82% | 4.29% | 24.86% | 1.50% | -13.99% | 30.74% | 0.14% | 29.11% | -14.94% | 14.65% |
Correlation
The correlation between FAFSX and SBFAX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999 | 0.92 |
The correlation between FAFSX and SBFAX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
FAFSX vs. SBFAX — Risk / Return Rank
FAFSX
SBFAX
FAFSX vs. SBFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Financial Services Fund Class M (FAFSX) and 1919 Financial Services Fund (SBFAX). 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.
| FAFSX | SBFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.04 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 0.25 | +0.87 |
| Martin ratioReturn relative to average drawdown | 3.16 | 0.56 | +2.60 |
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Drawdowns
FAFSX vs. SBFAX - Drawdown Comparison
The maximum FAFSX drawdown since its inception was -75.78%, which is greater than SBFAX's maximum drawdown of -49.33%. Use the drawdown chart below to compare losses from any high point for FAFSX and SBFAX.
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Drawdown Indicators
| FAFSX | SBFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.78% | -49.33% | -26.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.10% | -11.03% | -2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -19.46% | -16.41% | -3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -25.33% | -33.94% | +8.61% |
Max Drawdown (10Y)Largest decline over 10 years | -46.03% | -43.58% | -2.45% |
Current DrawdownCurrent decline from peak | -0.47% | -4.79% | +4.32% |
Average DrawdownAverage peak-to-trough decline | -18.01% | -9.51% | -8.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 4.86% | -0.23% |
Volatility
FAFSX vs. SBFAX - Volatility Comparison
Fidelity Advisor Financial Services Fund Class M (FAFSX) and 1919 Financial Services Fund (SBFAX) have volatilities of 4.39% and 4.43%, 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.
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Volatility by Period
| FAFSX | SBFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 4.43% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 12.21% | 10.52% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.10% | 14.52% | +1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.99% | 19.28% | +1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.86% | 22.84% | +1.02% |
FAFSX vs. SBFAX - Expense Ratio Comparison
FAFSX has a 1.28% expense ratio, which is lower than SBFAX's 1.36% expense ratio.
Dividends
FAFSX vs. SBFAX - Dividend Comparison
FAFSX's dividend yield for the trailing twelve months is around 6.63%, less than SBFAX's 14.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAFSX Fidelity Advisor Financial Services Fund Class M | 6.63% | 6.81% | 9.29% | 2.09% | 5.75% | 4.06% | 2.24% | 0.98% | 3.73% | 0.06% | 0.11% | 0.41% |
SBFAX 1919 Financial Services Fund | 14.78% | 14.51% | 10.60% | 10.93% | 2.40% | 4.83% | 5.09% | 3.84% | 1.58% | 0.00% | 2.93% | 7.25% |
Frequently Asked Questions
With a correlation of 0.94, FAFSX and SBFAX 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.
SBFAX has higher volatility (4.43%) compared to FAFSX (4.39%). In terms of maximum drawdown, FAFSX dropped -75.78% vs SBFAX's -49.33%.
FAFSX currently has the higher Sharpe Ratio (0.91 vs 0.19), 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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