FCLTX vs. VINAX

Last updated Jun 24, 2026

FCLTX (Fidelity Advisor Industrials Fund Class M) and VINAX (Vanguard Industrials Index Fund Admiral Shares) are both Industrials Equities funds. Over the past 10 years, FCLTX returned 14.56%/yr vs 14.83%/yr for VINAX. With a 0.97 correlation, they move nearly in lockstep. FCLTX charges 1.27%/yr vs 0.10%/yr for VINAX.

Performance

FCLTX vs. VINAX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with FCLTX having a 20.32% return and VINAX slightly lower at 19.51%. Both investments have delivered pretty close results over the past 10 years, with FCLTX having a 14.56% annualized return and VINAX not far ahead at 14.83%.

FCLTX

• 1D: 0.71%
• 1M: 7.91%
• YTD: 20.32%
• 6M: 18.38%
• 1Y: 32.99%
• 3Y*: 30.61%
• 5Y*: 17.95%
• 10Y*: 14.56%

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)

FCLTX vs. VINAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCLTX Fidelity Advisor Industrials Fund Class M	20.32%	24.14%	27.80%	22.34%	-10.87%	15.97%	10.89%	27.44%	-16.03%	19.25%
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 FCLTX 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 FCLTX and VINAX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

FCLTX vs. VINAX — Risk / Return Rank

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

FCLTX

FCLTX Risk / Return Rank: 48
FCLTX Sharpe Ratio Rank: 46
FCLTX Sortino Ratio Rank: 45
FCLTX Omega Ratio Rank: 40
FCLTX Calmar Ratio Rank: 54
FCLTX Martin Ratio Rank: 57

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.

FCLTX vs. VINAX - Risk-Adjusted Trends Comparison

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

	FCLTX	VINAX	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.92	-0.08
Sortino ratio: Return per unit of downside risk	2.62	2.70	-0.08
Omega ratio: Gain probability vs. loss probability	1.31	1.33	-0.01
Calmar ratio: Return relative to maximum drawdown	2.69	2.72	-0.03
Martin ratio: Return relative to average drawdown	10.82	11.24	-0.42

FCLTX vs. VINAX - Sharpe Ratio Comparison

The current FCLTX Sharpe Ratio is 1.85, which is comparable to the VINAX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of FCLTX 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

FCLTX vs. VINAX - Drawdown Comparison

The maximum FCLTX drawdown since its inception was -61.07%, roughly equal to the maximum VINAX drawdown of -63.43%. Use the drawdown chart below to compare losses from any high point for FCLTX and VINAX.

Drawdown Indicators

	FCLTX	VINAX	Difference
Max Drawdown Largest peak-to-trough decline	-61.07%	-63.43%	+2.36%
Max Drawdown (1Y) Largest decline over 1 year	-13.12%	-12.25%	-0.87%
Max Drawdown (3Y) Largest decline over 3 years	-21.35%	-20.59%	-0.76%
Max Drawdown (5Y) Largest decline over 5 years	-26.59%	-23.07%	-3.52%
Max Drawdown (10Y) Largest decline over 10 years	-42.73%	-42.45%	-0.28%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.34%	-8.33%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	2.95%	+0.30%

Volatility

FCLTX vs. VINAX - Volatility Comparison

Fidelity Advisor Industrials Fund Class M (FCLTX) has a higher volatility of 6.62% compared to Vanguard Industrials Index Fund Admiral Shares (VINAX) at 6.15%. This indicates that FCLTX'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

	FCLTX	VINAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.62%	6.15%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	15.64%	14.22%	+1.42%
Volatility (1Y) Calculated over the trailing 1-year period	19.13%	17.31%	+1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.96%	18.49%	+2.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.58%	20.54%	+1.04%

FCLTX vs. VINAX - Expense Ratio Comparison

FCLTX has a 1.27% expense ratio, which is higher than VINAX's 0.10% expense ratio.

Dividends

FCLTX vs. VINAX - Dividend Comparison

FCLTX's dividend yield for the trailing twelve months is around 1.51%, more than VINAX's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCLTX Fidelity Advisor Industrials Fund Class M	1.51%	1.82%	7.91%	8.95%	3.54%	22.27%	0.60%	7.40%	12.19%	2.81%	5.59%	9.09%
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 FCLTX and VINAX in my portfolio?

With a correlation of 0.97, FCLTX 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, FCLTX or VINAX?

FCLTX has higher volatility (6.62%) compared to VINAX (6.15%). In terms of maximum drawdown, FCLTX dropped -61.07% vs VINAX's -63.43%.

Which has better risk-adjusted returns?

VINAX currently has the higher Sharpe Ratio (1.92 vs 1.85), 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.