FAGAX vs. FFONX

Last updated Jun 13, 2026

FAGAX (Fidelity Advisor Growth Opportunities Fund Class A) and FFONX (Fidelity Advisor Technology Fund Class A) are both mutual funds - FAGAX is a Large Cap Growth Equities fund managed by Fidelity, while FFONX is a Technology Equities fund actively managed by Fidelity. A 0.79 correlation means they provide meaningful diversification when combined. FAGAX charges 1.04%/yr vs 0.89%/yr for FFONX.

Performance

FAGAX vs. FFONX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Growth Opportunities Fund Class A (FAGAX) and Fidelity Advisor Technology Fund Class A (FFONX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FAGAX

• 1D: 2.38%
• 1M: -0.91%
• YTD: 11.01%
• 6M: 12.09%
• 1Y: 31.34%
• 3Y*: 28.84%
• 5Y*: 11.54%
• 10Y*: 21.75%

FFONX

• 1D: 0.00%
• 1M: 6.31%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FAGAX vs. FFONX - Yearly Performance Comparison

	2026 (YTD)
FAGAX Fidelity Advisor Growth Opportunities Fund Class A	19.60%
FFONX Fidelity Advisor Technology Fund Class A	38.63%

Correlation

The correlation between FAGAX and FFONX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 16, 2026	0.79

Return for Risk

FAGAX vs. FFONX — Risk / Return Rank

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

FAGAX

FAGAX Risk / Return Rank: 44
FAGAX Sharpe Ratio Rank: 51
FAGAX Sortino Ratio Rank: 44
FAGAX Omega Ratio Rank: 46
FAGAX Calmar Ratio Rank: 40
FAGAX Martin Ratio Rank: 40

FFONX

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

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.

FAGAX vs. FFONX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Growth Opportunities Fund Class A (FAGAX) and Fidelity Advisor Technology Fund Class A (FFONX). 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.

	FAGAX	FFONX	Difference
Sharpe ratio: Return per unit of total volatility	1.65	—	—
Sortino ratio: Return per unit of downside risk	2.18	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	1.95	—	—
Martin ratio: Return relative to average drawdown	7.18	—	—

Drawdowns

FAGAX vs. FFONX - Drawdown Comparison

The maximum FAGAX drawdown since its inception was -65.24%, which is greater than FFONX's maximum drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for FAGAX and FFONX.

Drawdown Indicators

	FAGAX	FFONX	Difference
Max Drawdown Largest peak-to-trough decline	-65.24%	-10.06%	-55.18%
Max Drawdown (1Y) Largest decline over 1 year	-16.19%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.70%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.70%	—	—
Current Drawdown Current decline from peak	-4.97%	-6.74%	+1.77%
Average Drawdown Average peak-to-trough decline	-15.19%	-1.54%	-13.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.39%	—	—

Volatility

Volatility by Period

	FAGAX	FFONX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.16%	29.48%	-10.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.95%	29.48%	-4.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.95%	29.48%	-5.53%

FAGAX vs. FFONX - Expense Ratio Comparison

FAGAX has a 1.04% expense ratio, which is higher than FFONX's 0.89% expense ratio.

Dividends

FAGAX vs. FFONX - Dividend Comparison

FAGAX's dividend yield for the trailing twelve months is around 3.70%, more than FFONX's 2.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAGAX Fidelity Advisor Growth Opportunities Fund Class A	3.70%	4.11%	0.00%	0.00%	0.00%	10.19%	5.45%	4.10%	11.99%	7.67%	15.44%	11.12%
FFONX Fidelity Advisor Technology Fund Class A	2.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FAGAX and FFONX in my portfolio?

FAGAX and FFONX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.