FCLIX vs. VINAX

Last updated Jun 24, 2026

FCLIX (Fidelity Advisor Industrials Fund I Class) and VINAX (Vanguard Industrials Index Fund Admiral Shares) are both Industrials Equities funds. Over the past 10 years, FCLIX returned 15.12%/yr vs 14.83%/yr for VINAX. With a 0.97 correlation, they move nearly in lockstep. FCLIX charges 0.75%/yr vs 0.10%/yr for VINAX.

Performance

FCLIX vs. VINAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Industrials Fund I Class (FCLIX) and Vanguard Industrials Index Fund Admiral Shares (VINAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCLIX achieves a 20.61% return, which is significantly higher than VINAX's 19.51% return. Both investments have delivered pretty close results over the past 10 years, with FCLIX having a 15.12% annualized return and VINAX not far behind at 14.83%.

FCLIX

• 1D: 0.71%
• 1M: 7.95%
• YTD: 20.61%
• 6M: 18.68%
• 1Y: 33.66%
• 3Y*: 31.32%
• 5Y*: 18.59%
• 10Y*: 15.12%

VINAX

• 1D: 0.65%
• 1M: 5.81%
• YTD: 19.51%
• 6M: 17.58%
• 1Y: 31.37%
• 3Y*: 23.06%
• 5Y*: 14.23%
• 10Y*: 14.83%

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

FCLIX vs. VINAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCLIX Fidelity Advisor Industrials Fund I Class	20.61%	24.80%	28.57%	22.99%	-10.41%	16.61%	11.48%	28.14%	-15.58%	19.30%
VINAX Vanguard Industrials Index Fund Admiral Shares	19.51%	18.53%	16.95%	22.38%	-8.51%	20.66%	12.25%	30.16%	-13.93%	21.50%

Correlation

The correlation between FCLIX and VINAX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004	0.97

The correlation between FCLIX and VINAX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

FCLIX vs. VINAX — Risk / Return Rank

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

FCLIX

FCLIX Risk / Return Rank: 50
FCLIX Sharpe Ratio Rank: 48
FCLIX Sortino Ratio Rank: 47
FCLIX Omega Ratio Rank: 41
FCLIX Calmar Ratio Rank: 56
FCLIX Martin Ratio Rank: 59

VINAX

VINAX Risk / Return Rank: 51
VINAX Sharpe Ratio Rank: 50
VINAX Sortino Ratio Rank: 48
VINAX Omega Ratio Rank: 43
VINAX Calmar Ratio Rank: 55
VINAX Martin Ratio Rank: 60

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.

FCLIX vs. VINAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Industrials Fund I Class (FCLIX) and Vanguard Industrials Index Fund Admiral Shares (VINAX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FCLIX	VINAX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.92	-0.04
Sortino ratio: Return per unit of downside risk	2.66	2.70	-0.03
Omega ratio: Gain probability vs. loss probability	1.32	1.33	-0.01
Calmar ratio: Return relative to maximum drawdown	2.75	2.72	+0.03
Martin ratio: Return relative to average drawdown	11.10	11.24	-0.14

FCLIX vs. VINAX - Sharpe Ratio Comparison

The current FCLIX Sharpe Ratio is 1.88, which is comparable to the VINAX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of FCLIX and VINAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCLIX vs. VINAX - Drawdown Comparison

The maximum FCLIX drawdown since its inception was -60.76%, roughly equal to the maximum VINAX drawdown of -63.43%. Use the drawdown chart below to compare losses from any high point for FCLIX and VINAX.

Drawdown Indicators

	FCLIX	VINAX	Difference
Max Drawdown Largest peak-to-trough decline	-60.76%	-63.43%	+2.67%
Max Drawdown (1Y) Largest decline over 1 year	-13.09%	-12.25%	-0.84%
Max Drawdown (3Y) Largest decline over 3 years	-21.26%	-20.59%	-0.67%
Max Drawdown (5Y) Largest decline over 5 years	-26.34%	-23.07%	-3.27%
Max Drawdown (10Y) Largest decline over 10 years	-42.69%	-42.45%	-0.24%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.67%	-8.33%	+0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	2.95%	+0.28%

Volatility

FCLIX vs. VINAX - Volatility Comparison

Fidelity Advisor Industrials Fund I Class (FCLIX) has a higher volatility of 6.60% compared to Vanguard Industrials Index Fund Admiral Shares (VINAX) at 6.15%. This indicates that FCLIX's price experiences larger fluctuations and is considered to be riskier than VINAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCLIX	VINAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.60%	6.15%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	15.63%	14.22%	+1.41%
Volatility (1Y) Calculated over the trailing 1-year period	19.11%	17.31%	+1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.98%	18.49%	+2.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.58%	20.54%	+1.04%

FCLIX vs. VINAX - Expense Ratio Comparison

FCLIX has a 0.75% expense ratio, which is higher than VINAX's 0.10% expense ratio.

Dividends

FCLIX vs. VINAX - Dividend Comparison

FCLIX's dividend yield for the trailing twelve months is around 1.31%, more than VINAX's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCLIX Fidelity Advisor Industrials Fund I Class	1.31%	1.58%	8.07%	8.08%	3.30%	20.72%	0.55%	7.31%	11.97%	2.66%	5.69%	9.05%
VINAX Vanguard Industrials Index Fund Admiral Shares	0.85%	1.01%	1.23%	1.36%	1.51%	1.06%	1.39%	1.68%	1.90%	1.60%	1.82%	1.94%

Frequently Asked Questions

Can I hold both FCLIX and VINAX in my portfolio?

With a correlation of 0.97, FCLIX and VINAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FCLIX or VINAX?

FCLIX has higher volatility (6.60%) compared to VINAX (6.15%). In terms of maximum drawdown, FCLIX dropped -60.76% vs VINAX's -63.43%.

Which has better risk-adjusted returns?

VINAX currently has the higher Sharpe Ratio (1.92 vs 1.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.