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FATEX vs. XLK
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FATEX and XLK is 0.83, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

FATEX vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Technology Fund Class M (FATEX) and Technology Select Sector SPDR Fund (XLK). The values are adjusted to include any dividend payments, if applicable.

400.00%500.00%600.00%700.00%800.00%900.00%NovemberDecember2025FebruaryMarchApril
496.88%
756.54%
FATEX
XLK

Key characteristics

Sharpe Ratio

FATEX:

0.03

XLK:

0.22

Sortino Ratio

FATEX:

0.28

XLK:

0.51

Omega Ratio

FATEX:

1.04

XLK:

1.07

Calmar Ratio

FATEX:

0.03

XLK:

0.25

Martin Ratio

FATEX:

0.10

XLK:

0.83

Ulcer Index

FATEX:

11.74%

XLK:

7.78%

Daily Std Dev

FATEX:

33.48%

XLK:

30.19%

Max Drawdown

FATEX:

-82.59%

XLK:

-82.05%

Current Drawdown

FATEX:

-25.18%

XLK:

-15.03%

Returns By Period

In the year-to-date period, FATEX achieves a -15.03% return, which is significantly lower than XLK's -11.50% return. Over the past 10 years, FATEX has underperformed XLK with an annualized return of 10.25%, while XLK has yielded a comparatively higher 18.34% annualized return.


FATEX

YTD

-15.03%

1M

-7.64%

6M

-18.74%

1Y

-1.05%

5Y*

11.04%

10Y*

10.25%

XLK

YTD

-11.50%

1M

-5.92%

6M

-10.03%

1Y

4.46%

5Y*

19.37%

10Y*

18.34%

*Annualized

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FATEX vs. XLK - Expense Ratio Comparison

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


Expense ratio chart for FATEX: current value is 1.21%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FATEX: 1.21%
Expense ratio chart for XLK: current value is 0.13%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
XLK: 0.13%

Risk-Adjusted Performance

FATEX vs. XLK — Risk-Adjusted Performance Rank

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

FATEX
The Risk-Adjusted Performance Rank of FATEX is 2828
Overall Rank
The Sharpe Ratio Rank of FATEX is 2626
Sharpe Ratio Rank
The Sortino Ratio Rank of FATEX is 3232
Sortino Ratio Rank
The Omega Ratio Rank of FATEX is 3131
Omega Ratio Rank
The Calmar Ratio Rank of FATEX is 2727
Calmar Ratio Rank
The Martin Ratio Rank of FATEX is 2626
Martin Ratio Rank

XLK
The Risk-Adjusted Performance Rank of XLK is 4242
Overall Rank
The Sharpe Ratio Rank of XLK is 3939
Sharpe Ratio Rank
The Sortino Ratio Rank of XLK is 4343
Sortino Ratio Rank
The Omega Ratio Rank of XLK is 4343
Omega Ratio Rank
The Calmar Ratio Rank of XLK is 4545
Calmar Ratio Rank
The Martin Ratio Rank of XLK is 4141
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FATEX vs. XLK - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Technology Fund Class M (FATEX) 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.


The chart of Sharpe ratio for FATEX, currently valued at 0.03, compared to the broader market-1.000.001.002.003.00
FATEX: 0.03
XLK: 0.22
The chart of Sortino ratio for FATEX, currently valued at 0.28, compared to the broader market-2.000.002.004.006.008.00
FATEX: 0.28
XLK: 0.51
The chart of Omega ratio for FATEX, currently valued at 1.04, compared to the broader market0.501.001.502.002.503.00
FATEX: 1.04
XLK: 1.07
The chart of Calmar ratio for FATEX, currently valued at 0.03, compared to the broader market0.002.004.006.008.0010.00
FATEX: 0.03
XLK: 0.25
The chart of Martin ratio for FATEX, currently valued at 0.10, compared to the broader market0.0010.0020.0030.0040.0050.00
FATEX: 0.10
XLK: 0.83

The current FATEX Sharpe Ratio is 0.03, which is lower than the XLK Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of FATEX 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.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
0.03
0.22
FATEX
XLK

Dividends

FATEX vs. XLK - Dividend Comparison

FATEX has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.76%.


TTM20242023202220212020201920182017201620152014
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%0.00%4.60%8.70%
XLK
Technology Select Sector SPDR Fund
0.76%0.66%0.76%1.04%0.65%0.92%1.16%1.60%1.37%1.74%1.79%1.75%

Drawdowns

FATEX vs. XLK - Drawdown Comparison

The maximum FATEX drawdown since its inception was -82.59%, roughly equal to the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for FATEX and XLK. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-25.18%
-15.03%
FATEX
XLK

Volatility

FATEX vs. XLK - Volatility Comparison

Fidelity Advisor Technology Fund Class M (FATEX) has a higher volatility of 20.83% compared to Technology Select Sector SPDR Fund (XLK) at 19.05%. This indicates that FATEX's price experiences larger fluctuations and is considered to be riskier than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
20.83%
19.05%
FATEX
XLK