FATEX vs. XLK
Compare and contrast key facts about Fidelity Advisor Technology Fund Class M (FATEX) and Technology Select Sector SPDR Fund (XLK).
FATEX is managed by Fidelity. It was launched on Sep 3, 1996. 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: FATEX or XLK.
Key characteristics
| FATEX | XLK | |
|---|---|---|
| YTD Return | 33.46% | 22.48% |
| 1Y Return | 36.12% | 29.63% |
| 3Y Return (Ann) | 3.42% | 12.94% |
| 5Y Return (Ann) | 16.66% | 23.08% |
| 10Y Return (Ann) | 13.97% | 20.48% |
| Sharpe Ratio | 1.56 | 1.38 |
| Sortino Ratio | 2.10 | 1.88 |
| Omega Ratio | 1.28 | 1.25 |
| Calmar Ratio | 1.60 | 1.76 |
| Martin Ratio | 7.26 | 6.07 |
| Ulcer Index | 4.99% | 4.91% |
| Daily Std Dev | 23.17% | 21.56% |
| Max Drawdown | -82.59% | -82.05% |
| Current Drawdown | -0.93% | -1.22% |
Correlation
The correlation between FATEX and XLK is 0.93, 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. XLK - Performance Comparison
In the year-to-date period, FATEX achieves a 33.46% return, which is significantly higher than XLK's 22.48% return. Over the past 10 years, FATEX has underperformed XLK with an annualized return of 13.97%, while XLK has yielded a comparatively higher 20.48% 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. XLK - Expense Ratio Comparison
FATEX has a 1.21% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
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.
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 0.67%.
| 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% |
XLK Technology Select Sector SPDR Fund | 0.67% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
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.
Volatility
FATEX vs. XLK - Volatility Comparison
Fidelity Advisor Technology Fund Class M (FATEX) and Technology Select Sector SPDR Fund (XLK) have volatilities of 5.93% and 5.76%, 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.