Correlation
The correlation between FATIX and SPY 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.
FATIX vs. SPY
Compare and contrast key facts about Fidelity Advisor Technology Fund Class I (FATIX) and SPDR S&P 500 ETF (SPY).
FATIX is managed by Fidelity. It was launched on Sep 3, 1996. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FATIX or SPY.
Performance
FATIX vs. SPY - Performance Comparison
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Key characteristics
FATIX:
0.41
SPY:
0.68
FATIX:
0.66
SPY:
1.11
FATIX:
1.09
SPY:
1.16
FATIX:
0.34
SPY:
0.75
FATIX:
1.06
SPY:
2.86
FATIX:
9.44%
SPY:
4.93%
FATIX:
32.89%
SPY:
20.44%
FATIX:
-82.31%
SPY:
-55.19%
FATIX:
-6.95%
SPY:
-3.01%
Returns By Period
In the year-to-date period, FATIX achieves a -2.66% return, which is significantly lower than SPY's 1.44% return. Over the past 10 years, FATIX has outperformed SPY with an annualized return of 20.42%, while SPY has yielded a comparatively lower 12.88% annualized return.
FATIX
-2.66%
8.35%
-3.97%
13.33%
22.31%
20.05%
20.42%
SPY
1.44%
4.58%
-1.18%
13.82%
14.68%
15.35%
12.88%
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FATIX vs. SPY - Expense Ratio Comparison
FATIX has a 0.71% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FATIX vs. SPY — Risk-Adjusted Performance Rank
FATIX
SPY
FATIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Technology Fund Class I (FATIX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
FATIX vs. SPY - Dividend Comparison
FATIX's dividend yield for the trailing twelve months is around 7.38%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FATIX Fidelity Advisor Technology Fund Class I | 7.38% | 7.19% | 3.74% | 3.32% | 11.43% | 7.31% | 2.50% | 22.35% | 7.93% | 1.52% | 4.46% | 8.48% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FATIX vs. SPY - Drawdown Comparison
The maximum FATIX drawdown since its inception was -82.31%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FATIX and SPY.
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Volatility
FATIX vs. SPY - Volatility Comparison
Fidelity Advisor Technology Fund Class I (FATIX) has a higher volatility of 7.25% compared to SPDR S&P 500 ETF (SPY) at 4.85%. This indicates that FATIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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