FELAX vs. FIFOX

Last updated Jun 24, 2026

FELAX (Fidelity Advisor Semiconductors Fund Class A) and FIFOX (Fidelity Advisor Founders Fund Class A) are both mutual funds - FELAX is a Semiconductors fund actively managed by Fidelity, while FIFOX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 5 years, FELAX returned 43.05%/yr vs 12.20%/yr for FIFOX. A 0.79 correlation means they provide meaningful diversification when combined. FELAX charges 0.94%/yr vs 1.15%/yr for FIFOX.

Performance

FELAX vs. FIFOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Semiconductors Fund Class A (FELAX) and Fidelity Advisor Founders Fund Class A (FIFOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FELAX achieves a 88.47% return, which is significantly higher than FIFOX's 8.40% return.

FELAX

• 1D: 0.88%
• 1M: 13.80%
• YTD: 88.47%
• 6M: 85.49%
• 1Y: 161.65%
• 3Y*: 63.82%
• 5Y*: 43.05%
• 10Y*: 38.06%

FIFOX

• 1D: -0.61%
• 1M: 2.82%
• YTD: 8.40%
• 6M: 6.85%
• 1Y: 20.53%
• 3Y*: 24.10%
• 5Y*: 12.20%
• 10Y*: —

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

FELAX vs. FIFOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FELAX Fidelity Advisor Semiconductors Fund Class A	88.47%	44.88%	43.74%	75.08%	-35.07%	57.50%	43.57%	36.78%
FIFOX Fidelity Advisor Founders Fund Class A	8.40%	15.98%	36.15%	33.53%	-26.85%	18.67%	46.72%	13.79%

Correlation

The correlation between FELAX and FIFOX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019	0.79

The correlation between FELAX and FIFOX shifts across timeframes, from 0.69 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FELAX vs. FIFOX — Risk / Return Rank

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

FELAX

FELAX Risk / Return Rank: 96
FELAX Sharpe Ratio Rank: 99
FELAX Sortino Ratio Rank: 94
FELAX Omega Ratio Rank: 91
FELAX Calmar Ratio Rank: 99
FELAX Martin Ratio Rank: 99

FIFOX

FIFOX Risk / Return Rank: 28
FIFOX Sharpe Ratio Rank: 27
FIFOX Sortino Ratio Rank: 26
FIFOX Omega Ratio Rank: 26
FIFOX Calmar Ratio Rank: 26
FIFOX Martin Ratio Rank: 33

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.

FELAX vs. FIFOX - 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 Founders Fund Class A (FIFOX). 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	FIFOX	Difference
Sharpe ratio: Return per unit of total volatility	4.58	1.39	+3.19
Sortino ratio: Return per unit of downside risk	4.49	1.97	+2.52
Omega ratio: Gain probability vs. loss probability	1.63	1.25	+0.38
Calmar ratio: Return relative to maximum drawdown	11.17	1.75	+9.42
Martin ratio: Return relative to average drawdown	40.64	6.97	+33.68

FELAX vs. FIFOX - Sharpe Ratio Comparison

The current FELAX Sharpe Ratio is 4.58, which is higher than the FIFOX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of FELAX and FIFOX, 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

FELAX vs. FIFOX - Drawdown Comparison

The maximum FELAX drawdown since its inception was -71.33%, which is greater than FIFOX's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for FELAX and FIFOX.

Drawdown Indicators

	FELAX	FIFOX	Difference
Max Drawdown Largest peak-to-trough decline	-71.33%	-32.69%	-38.64%
Max Drawdown (1Y) Largest decline over 1 year	-14.66%	-12.36%	-2.30%
Max Drawdown (3Y) Largest decline over 3 years	-36.43%	-23.30%	-13.13%
Max Drawdown (5Y) Largest decline over 5 years	-46.15%	-32.69%	-13.46%
Max Drawdown (10Y) Largest decline over 10 years	-46.15%	—	—
Current Drawdown Current decline from peak	0.00%	-1.34%	+1.34%
Average Drawdown Average peak-to-trough decline	-21.84%	-8.04%	-13.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	3.10%	+0.92%

Volatility

FELAX vs. FIFOX - Volatility Comparison

Fidelity Advisor Semiconductors Fund Class A (FELAX) has a higher volatility of 18.04% compared to Fidelity Advisor Founders Fund Class A (FIFOX) at 6.01%. This indicates that FELAX's price experiences larger fluctuations and is considered to be riskier than FIFOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FELAX	FIFOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.04%	6.01%	+12.03%
Volatility (6M) Calculated over the trailing 6-month period	28.87%	12.53%	+16.34%
Volatility (1Y) Calculated over the trailing 1-year period	35.81%	15.65%	+20.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.96%	21.30%	+17.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.05%	22.57%	+12.48%

FELAX vs. FIFOX - Expense Ratio Comparison

FELAX has a 0.94% expense ratio, which is lower than FIFOX's 1.15% expense ratio.

Dividends

FELAX vs. FIFOX - Dividend Comparison

FELAX's dividend yield for the trailing twelve months is around 3.69%, more than FIFOX's 2.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELAX Fidelity Advisor Semiconductors Fund Class A	3.69%	6.96%	7.02%	3.40%	3.32%	4.34%	4.51%	1.00%	20.15%	9.67%	0.36%	10.71%
FIFOX Fidelity Advisor Founders Fund Class A	2.42%	2.44%	6.38%	0.00%	2.42%	5.91%	0.00%	0.03%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FELAX and FIFOX in my portfolio?

FELAX and FIFOX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FELAX or FIFOX?

FELAX has higher volatility (18.04%) compared to FIFOX (6.01%). In terms of maximum drawdown, FELAX dropped -71.33% vs FIFOX's -32.69%.

Which has better risk-adjusted returns?

FELAX currently has the higher Sharpe Ratio (4.58 vs 1.39), 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.