FATEX vs. SPMO

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Technology Fund Class M (FATEX) and Invesco S&P 500 Momentum ETF (SPMO).

FATEX is managed by Fidelity. It was launched on Sep 3, 1996. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.

Performance

FATEX vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Technology Fund Class M (FATEX) and Invesco S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

FATEX vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FATEX Fidelity Advisor Technology Fund Class M	0.00%	24.05%	34.69%	58.93%	-36.34%	26.95%	63.52%	50.18%	-8.78%	49.01%
SPMO Invesco S&P 500 Momentum ETF	-5.78%	26.58%	45.82%	17.56%	-10.45%	22.64%	28.25%	25.93%	-0.92%	27.76%

Returns By Period

FATEX

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

SPMO

• 1D: 3.96%
• 1M: -5.89%
• YTD: -5.78%
• 6M: -6.90%
• 1Y: 22.23%
• 3Y*: 28.36%
• 5Y*: 17.17%
• 10Y*: 17.16%

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

FATEX vs. SPMO - Expense Ratio Comparison

FATEX has a 1.21% expense ratio, which is higher than SPMO's 0.13% expense ratio.

FATEX

Fidelity Advisor Technology Fund Class M

SPMO

Invesco S&P 500 Momentum ETF

Return for Risk

FATEX vs. SPMO — Risk / Return Rank

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

SPMO

SPMO Risk / Return Rank: 66
SPMO Sharpe Ratio Rank: 59
SPMO Sortino Ratio Rank: 62
SPMO Omega Ratio Rank: 65
SPMO Calmar Ratio Rank: 74
SPMO Martin Ratio Rank: 68

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.

FATEX vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Technology Fund Class M (FATEX) and Invesco S&P 500 Momentum ETF (SPMO). 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.

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

Sharpe Ratios by Period

	FATEX	SPMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.98	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.85	—

Correlation

The correlation between FATEX and SPMO 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.

Dividends

FATEX vs. SPMO - Dividend Comparison

FATEX's dividend yield for the trailing twelve months is around 12.39%, more than SPMO's 0.91% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FATEX Fidelity Advisor Technology Fund Class M	12.39%	12.39%	8.86%	4.29%	4.07%	13.60%	8.26%	2.48%	25.20%	8.44%	1.60%	4.60%
SPMO Invesco S&P 500 Momentum ETF	0.91%	0.73%	0.48%	1.63%	1.66%	0.52%	1.27%	1.39%	1.05%	0.77%	1.94%	0.36%

Drawdowns

Drawdown Indicators

	FATEX	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	—	-30.95%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.95%	—
Current Drawdown Current decline from peak	—	-9.24%	—
Average Drawdown Average peak-to-trough decline	—	-4.66%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.57%	—

Volatility

Volatility by Period

	FATEX	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.62%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	22.68%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.06%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.08%	—