FAOFX vs. XLK
Compare and contrast key facts about Fidelity Advisor Series Growth Opportunities Fund (FAOFX) and Technology Select Sector SPDR Fund (XLK).
FAOFX is managed by Fidelity. It was launched on Nov 7, 2013. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAOFX or XLK.
Correlation
The correlation between FAOFX and XLK is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FAOFX vs. XLK - Performance Comparison
Key characteristics
FAOFX:
1.28
XLK:
0.84
FAOFX:
1.71
XLK:
1.23
FAOFX:
1.24
XLK:
1.16
FAOFX:
0.84
XLK:
1.13
FAOFX:
5.87
XLK:
3.80
FAOFX:
4.91%
XLK:
5.05%
FAOFX:
22.39%
XLK:
22.83%
FAOFX:
-59.22%
XLK:
-82.05%
FAOFX:
-14.17%
XLK:
-0.77%
Returns By Period
In the year-to-date period, FAOFX achieves a 7.67% return, which is significantly higher than XLK's 3.20% return. Over the past 10 years, FAOFX has underperformed XLK with an annualized return of 4.79%, while XLK has yielded a comparatively higher 20.38% annualized return.
FAOFX
7.67%
5.38%
12.41%
25.76%
5.01%
4.79%
XLK
3.20%
3.31%
8.76%
18.18%
19.80%
20.38%
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FAOFX vs. XLK - Expense Ratio Comparison
FAOFX has a 0.00% expense ratio, which is lower than XLK's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FAOFX vs. XLK — Risk-Adjusted Performance Rank
FAOFX
XLK
FAOFX vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Series Growth Opportunities Fund (FAOFX) and Technology Select Sector SPDR Fund (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.
Dividends
FAOFX vs. XLK - Dividend Comparison
FAOFX's dividend yield for the trailing twelve months is around 0.44%, less than XLK's 0.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOFX Fidelity Advisor Series Growth Opportunities Fund | 0.44% | 0.47% | 0.33% | 0.54% | 0.43% | 0.64% | 0.97% | 0.91% | 0.82% | 0.36% | 0.69% | 2.14% |
XLK Technology Select Sector SPDR Fund | 0.64% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
FAOFX vs. XLK - Drawdown Comparison
The maximum FAOFX drawdown since its inception was -59.22%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for FAOFX and XLK. For additional features, visit the drawdowns tool.
Volatility
FAOFX vs. XLK - Volatility Comparison
Fidelity Advisor Series Growth Opportunities Fund (FAOFX) and Technology Select Sector SPDR Fund (XLK) have volatilities of 7.17% and 7.49%, 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.