FAOFX vs. XLK

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Advisor Series Growth Opportunities Fund (FAOFX) and State Street Technology Select Sector SPDR ETF (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 S&P Technology Select Sector Daily Capped 35/20 Index. It was launched on Dec 16, 1998.

Performance

FAOFX vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Series Growth Opportunities Fund (FAOFX) and State Street Technology Select Sector SPDR ETF (XLK). The values are adjusted to include any dividend payments, if applicable.

FAOFX vs. XLK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAOFX Fidelity Advisor Series Growth Opportunities Fund	-8.82%	22.32%	39.90%	46.96%	-37.34%	13.29%	68.46%	40.79%	16.47%	35.62%
XLK State Street Technology Select Sector SPDR ETF	-6.18%	24.61%	21.63%	56.02%	-27.73%	34.74%	43.62%	49.86%	-1.68%	34.26%

Returns By Period

In the year-to-date period, FAOFX achieves a -8.82% return, which is significantly lower than XLK's -6.18% return. Both investments have delivered pretty close results over the past 10 years, with FAOFX having a 20.25% annualized return and XLK not far ahead at 21.00%.

FAOFX

• 1D: 4.64%
• 1M: -5.60%
• YTD: -8.82%
• 6M: -7.85%
• 1Y: 23.88%
• 3Y*: 25.92%
• 5Y*: 9.10%
• 10Y*: 20.25%

XLK

• 1D: 1.51%
• 1M: -3.20%
• YTD: -6.18%
• 6M: -4.94%
• 1Y: 30.47%
• 3Y*: 22.19%
• 5Y*: 15.65%
• 10Y*: 21.00%

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

FAOFX vs. XLK - Expense Ratio Comparison

FAOFX has a 0.00% expense ratio, which is lower than XLK's 0.08% 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%.

XLK

State Street Technology Select Sector SPDR ETF

FAOFX

Fidelity Advisor Series Growth Opportunities Fund

Return for Risk

FAOFX vs. XLK — Risk / Return Rank

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

FAOFX

FAOFX Risk / Return Rank: 56
FAOFX Sharpe Ratio Rank: 51
FAOFX Sortino Ratio Rank: 55
FAOFX Omega Ratio Rank: 53
FAOFX Calmar Ratio Rank: 65
FAOFX Martin Ratio Rank: 55

XLK

XLK Risk / Return Rank: 65
XLK Sharpe Ratio Rank: 62
XLK Sortino Ratio Rank: 65
XLK Omega Ratio Rank: 63
XLK Calmar Ratio Rank: 73
XLK Martin Ratio Rank: 62

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.

FAOFX vs. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Series Growth Opportunities Fund (FAOFX) and State Street Technology Select Sector SPDR ETF (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.

	FAOFX	XLK	Difference
Sharpe ratio Return per unit of total volatility	1.03	1.13	-0.10
Sortino ratio Return per unit of downside risk	1.56	1.71	-0.15
Omega ratio Gain probability vs. loss probability	1.22	1.24	-0.02
Calmar ratio Return relative to maximum drawdown	1.60	1.97	-0.38
Martin ratio Return relative to average drawdown	5.65	6.31	-0.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAOFX vs. XLK - Sharpe Ratio Comparison

The current FAOFX Sharpe Ratio is 1.03, which is comparable to the XLK Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of FAOFX and XLK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FAOFX	XLK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	1.13	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.64	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.87	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.36	+0.42

Correlation

The correlation between FAOFX and XLK is 0.89, 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.

Dividends

FAOFX vs. XLK - Dividend Comparison

FAOFX's dividend yield for the trailing twelve months is around 16.99%, more than XLK's 0.57% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAOFX Fidelity Advisor Series Growth Opportunities Fund	16.99%	15.49%	8.75%	0.33%	0.54%	30.66%	32.61%	28.66%	24.08%	10.40%	4.35%	11.85%
XLK State Street Technology Select Sector SPDR ETF	0.57%	0.54%	0.66%	0.76%	1.04%	0.65%	0.92%	1.16%	1.60%	1.37%	1.74%	1.79%

Drawdowns

FAOFX vs. XLK - Drawdown Comparison

The maximum FAOFX drawdown since its inception was -43.59%, 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.

Drawdown Indicators

	FAOFX	XLK	Difference
Max Drawdown Largest peak-to-trough decline	-43.59%	-82.05%	+38.46%
Max Drawdown (1Y) Largest decline over 1 year	-15.48%	-15.92%	+0.44%
Max Drawdown (5Y) Largest decline over 5 years	-43.59%	-33.56%	-10.03%
Max Drawdown (10Y) Largest decline over 10 years	-43.59%	-33.56%	-10.03%
Current Drawdown Current decline from peak	-11.56%	-11.04%	-0.52%
Average Drawdown Average peak-to-trough decline	-8.19%	-35.17%	+26.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	4.98%	-0.60%

Volatility

FAOFX vs. XLK - Volatility Comparison

Fidelity Advisor Series Growth Opportunities Fund (FAOFX) and State Street Technology Select Sector SPDR ETF (XLK) have volatilities of 8.34% and 8.12%, 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

	FAOFX	XLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.34%	8.12%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	14.74%	16.49%	-1.75%
Volatility (1Y) Calculated over the trailing 1-year period	24.75%	27.05%	-2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.05%	24.72%	+0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.83%	24.33%	-0.50%