FATIX vs. SMH

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Technology Fund Class I (FATIX) and VanEck Semiconductor ETF (SMH).

FATIX is managed by Fidelity. It was launched on Sep 3, 1996. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.

Performance

FATIX vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Technology Fund Class I (FATIX) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

FATIX vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FATIX Fidelity Advisor Technology Fund Class I	0.00%	24.65%	35.36%	59.71%	-36.01%	27.59%	64.34%	50.99%	-8.24%	49.83%
SMH VanEck Semiconductor ETF	6.46%	49.17%	39.10%	73.38%	-33.53%	42.13%	55.53%	64.45%	-9.05%	38.48%

Returns By Period

FATIX

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

SMH

• 1D: 5.76%
• 1M: -5.65%
• YTD: 6.46%
• 6M: 17.84%
• 1Y: 81.87%
• 3Y*: 43.47%
• 5Y*: 25.59%
• 10Y*: 31.28%

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

FATIX vs. SMH - Expense Ratio Comparison

FATIX has a 0.71% expense ratio, which is higher than SMH's 0.35% expense ratio.

FATIX

Fidelity Advisor Technology Fund Class I

SMH

VanEck Semiconductor ETF

Return for Risk

FATIX vs. SMH — Risk / Return Rank

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

SMH

SMH Risk / Return Rank: 95
SMH Sharpe Ratio Rank: 94
SMH Sortino Ratio Rank: 94
SMH Omega Ratio Rank: 93
SMH Calmar Ratio Rank: 97
SMH Martin Ratio Rank: 97

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.

FATIX vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Technology Fund Class I (FATIX) and VanEck Semiconductor ETF (SMH). 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

	FATIX	SMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.23	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.28	—

Correlation

The correlation between FATIX and SMH is 0.85, 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

FATIX vs. SMH - Dividend Comparison

FATIX's dividend yield for the trailing twelve months is around 9.75%, more than SMH's 0.29% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FATIX Fidelity Advisor Technology Fund Class I	9.75%	9.75%	7.19%	3.74%	3.32%	11.43%	7.31%	2.50%	22.35%	7.93%	1.52%	4.46%
SMH VanEck Semiconductor ETF	0.29%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%

Drawdowns

Drawdown Indicators

	FATIX	SMH	Difference
Max Drawdown Largest peak-to-trough decline	—	-84.96%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-15.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-45.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.30%	—
Current Drawdown Current decline from peak	—	-10.03%	—
Average Drawdown Average peak-to-trough decline	—	-41.36%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.44%	—

Volatility

Volatility by Period

	FATIX	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	36.84%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	34.71%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	32.28%	—