FELAX vs. FAGAX
FELAX (Fidelity Advisor Semiconductors Fund Class A) and FAGAX (Fidelity Advisor Growth Opportunities Fund Class A) are both mutual funds - FELAX is a Semiconductors fund actively managed by Fidelity, while FAGAX is a Large Cap Growth Equities fund actively managed by Fidelity. Both are actively managed. Over the past 10 years, FELAX returned 33.19%/yr vs 20.72%/yr for FAGAX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. FELAX charges 0.94%/yr vs 0.96%/yr for FAGAX.
Performance
FELAX vs. FAGAX - Performance Comparison
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Returns By Period
In the year-to-date period, FELAX achieves a 47.97% return, which is significantly higher than FAGAX's 7.33% return. Over the past 10 years, FELAX has outperformed FAGAX with an annualized return of 33.19%, while FAGAX has yielded a comparatively lower 20.72% annualized return.
FELAX
- 1D
- 7.41%
- 1M
- -8.94%
- 6M
- 32.48%
- YTD
- 47.97%
- 1Y
- 85.05%
- 3Y*
- 46.27%
- 5Y*
- 35.22%
- 10Y*
- 33.19%
- ALL TIME*
- 14.60%
FAGAX
- 1D
- 3.39%
- 1M
- -5.33%
- 6M
- 8.39%
- YTD
- 7.33%
- 1Y
- 17.88%
- 3Y*
- 23.97%
- 5Y*
- 9.91%
- 10Y*
- 20.72%
- ALL TIME*
- 10.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FELAX vs. FAGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FELAX Fidelity Advisor Semiconductors Fund Class A | 47.97% | 44.88% | 43.74% | 75.08% | -35.07% | 57.50% | 43.57% | 63.76% | -12.76% | 34.12% |
FAGAX Fidelity Advisor Growth Opportunities Fund Class A | 7.33% | 22.17% | 38.71% | 45.14% | -38.40% | 11.31% | 68.60% | 40.26% | 14.87% | 34.66% |
Correlation
The correlation between FELAX and FAGAX is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2000 | 0.79 |
The correlation between FELAX and FAGAX has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.
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Return for Risk
FELAX vs. FAGAX — Risk / Return Rank
FELAX
FAGAX
FELAX vs. FAGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class A (FELAX) and Fidelity Advisor Growth Opportunities Fund Class A (FAGAX). 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.
| FELAX | FAGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.14 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 1.01 | +1.97 |
| Martin ratioReturn relative to average drawdown | 12.61 | 3.48 | +9.13 |
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Drawdowns
FELAX vs. FAGAX - Drawdown Comparison
The maximum FELAX drawdown since its inception was -71.33%, which is greater than FAGAX's maximum drawdown of -65.24%. Use the drawdown chart below to compare losses from any high point for FELAX and FAGAX.
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Drawdown Indicators
| FELAX | FAGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.33% | -65.24% | -6.09% |
Max Drawdown (1Y)Largest decline over 1 year | -26.90% | -16.19% | -10.71% |
Max Drawdown (3Y)Largest decline over 3 years | -36.43% | -26.62% | -9.81% |
Max Drawdown (5Y)Largest decline over 5 years | -46.15% | -44.70% | -1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -46.15% | -44.70% | -1.45% |
Current DrawdownCurrent decline from peak | -21.49% | -8.15% | -13.34% |
Average DrawdownAverage peak-to-trough decline | -21.81% | -15.14% | -6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.36% | 4.71% | +1.65% |
Volatility
FELAX vs. FAGAX - Volatility Comparison
Fidelity Advisor Semiconductors Fund Class A (FELAX) has a higher volatility of 16.84% compared to Fidelity Advisor Growth Opportunities Fund Class A (FAGAX) at 7.92%. This indicates that FELAX's price experiences larger fluctuations and is considered to be riskier than FAGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FELAX | FAGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.84% | 7.92% | +8.92% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 17.87% | +16.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.70% | 21.51% | +19.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.85% | 25.32% | +14.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.48% | 24.10% | +11.38% |
FELAX vs. FAGAX - Expense Ratio Comparison
FELAX has a 0.94% expense ratio, which is lower than FAGAX's 0.96% expense ratio.
Dividends
FELAX vs. FAGAX - Dividend Comparison
FELAX's dividend yield for the trailing twelve months is around 4.71%, more than FAGAX's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGAX Fidelity Advisor Growth Opportunities Fund Class A | 3.83% | 4.11% | 0.00% | 0.00% | 0.00% | 10.19% | 5.45% | 4.10% | 11.99% | 7.67% | 15.44% | 11.12% |
FELAX Fidelity Advisor Semiconductors Fund Class A | 4.71% | 6.96% | 7.02% | 3.40% | 3.32% | 4.34% | 4.51% | 1.00% | 20.15% | 9.67% | 0.36% | 10.71% |
Frequently Asked Questions
FELAX and FAGAX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FELAX has higher volatility (16.84%) compared to FAGAX (7.92%). In terms of maximum drawdown, FELAX dropped -71.33% vs FAGAX's -65.24%.
FELAX currently has the higher Sharpe Ratio (1.97 vs 0.76), 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.
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