FATEX vs. ARKK
Compare and contrast key facts about Fidelity Advisor Technology Fund Class M (FATEX) and ARK Innovation ETF (ARKK).
FATEX is managed by Fidelity. It was launched on Sep 3, 1996. ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FATEX or ARKK.
Key characteristics
| FATEX | ARKK | |
|---|---|---|
| YTD Return | 33.46% | 2.83% |
| 1Y Return | 36.12% | 25.20% |
| 3Y Return (Ann) | 3.42% | -22.53% |
| 5Y Return (Ann) | 16.66% | 3.34% |
| 10Y Return (Ann) | 13.97% | 11.39% |
| Sharpe Ratio | 1.56 | 0.79 |
| Sortino Ratio | 2.10 | 1.29 |
| Omega Ratio | 1.28 | 1.15 |
| Calmar Ratio | 1.60 | 0.38 |
| Martin Ratio | 7.26 | 1.97 |
| Ulcer Index | 4.99% | 14.37% |
| Daily Std Dev | 23.17% | 35.82% |
| Max Drawdown | -82.59% | -80.91% |
| Current Drawdown | -0.93% | -65.04% |
Correlation
The correlation between FATEX and ARKK is 0.73, 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
FATEX vs. ARKK - Performance Comparison
In the year-to-date period, FATEX achieves a 33.46% return, which is significantly higher than ARKK's 2.83% return. Over the past 10 years, FATEX has outperformed ARKK with an annualized return of 13.97%, while ARKK has yielded a comparatively lower 11.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FATEX vs. ARKK - Expense Ratio Comparison
FATEX has a 1.21% expense ratio, which is higher than ARKK's 0.75% expense ratio.
Risk-Adjusted Performance
FATEX vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Technology Fund Class M (FATEX) and ARK Innovation ETF (ARKK). 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
FATEX vs. ARKK - Dividend Comparison
Neither FATEX nor ARKK has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FATEX Fidelity Advisor Technology Fund Class M | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.60% | 8.70% | 1.18% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% | 0.00% | 0.00% |
Drawdowns
FATEX vs. ARKK - Drawdown Comparison
The maximum FATEX drawdown since its inception was -82.59%, roughly equal to the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for FATEX and ARKK. For additional features, visit the drawdowns tool.
Volatility
FATEX vs. ARKK - Volatility Comparison
The current volatility for Fidelity Advisor Technology Fund Class M (FATEX) is 5.93%, while ARK Innovation ETF (ARKK) has a volatility of 14.40%. This indicates that FATEX experiences smaller price fluctuations and is considered to be less risky than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.