FELAX vs. RYSIX

Last updated Jun 4, 2026

FELAX (Fidelity Advisor Semiconductors Fund Class A) and RYSIX (Rydex Electronics Fund) are both Technology Equities funds. Over the past 10 years, FELAX returned 37.23%/yr vs 31.85%/yr for RYSIX. With a 0.97 correlation, they move nearly in lockstep. FELAX charges 1.01%/yr vs 1.36%/yr for RYSIX.

Performance

FELAX vs. RYSIX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with FELAX having a 84.79% return and RYSIX slightly higher at 87.82%. Over the past 10 years, FELAX has outperformed RYSIX with an annualized return of 37.23%, while RYSIX has yielded a comparatively lower 31.85% annualized return.

FELAX

• 1D: 6.40%
• 1M: 26.18%
• YTD: 84.79%
• 6M: 82.64%
• 1Y: 169.50%
• 3Y*: 63.50%
• 5Y*: 43.56%
• 10Y*: 37.23%

RYSIX

• 1D: 4.87%
• 1M: 27.83%
• YTD: 87.82%
• 6M: 83.56%
• 1Y: 170.19%
• 3Y*: 53.06%
• 5Y*: 33.11%
• 10Y*: 31.85%

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

FELAX vs. RYSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FELAX Fidelity Advisor Semiconductors Fund Class A	84.79%	44.88%	43.74%	75.08%	-35.07%	57.50%	43.57%	63.76%	-12.76%	34.12%
RYSIX Rydex Electronics Fund	87.82%	42.02%	16.66%	55.69%	-32.46%	38.65%	56.73%	59.80%	-12.42%	31.62%

Correlation

The correlation between FELAX and RYSIX 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	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Dec 28, 2000	0.97

The correlation between FELAX and RYSIX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

FELAX vs. RYSIX — Risk / Return Rank

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

FELAX

FELAX Risk / Return Rank: 97
FELAX Sharpe Ratio Rank: 100
FELAX Sortino Ratio Rank: 96
FELAX Omega Ratio Rank: 94
FELAX Calmar Ratio Rank: 99
FELAX Martin Ratio Rank: 99

RYSIX

RYSIX Risk / Return Rank: 97
RYSIX Sharpe Ratio Rank: 99
RYSIX Sortino Ratio Rank: 96
RYSIX Omega Ratio Rank: 94
RYSIX Calmar Ratio Rank: 99
RYSIX Martin Ratio Rank: 99

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. RYSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class A (FELAX) and Rydex Electronics Fund (RYSIX). 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.

	FELAX	RYSIX	Difference
Sharpe ratio: Return per unit of total volatility	5.49	5.47	+0.02
Sortino ratio: Return per unit of downside risk	5.33	5.30	+0.03
Omega ratio: Gain probability vs. loss probability	1.72	1.72	0.00
Calmar ratio: Return relative to maximum drawdown	12.18	12.07	+0.11
Martin ratio: Return relative to average drawdown	47.41	45.62	+1.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FELAX vs. RYSIX - Sharpe Ratio Comparison

The current FELAX Sharpe Ratio is 5.49, which is comparable to the RYSIX Sharpe Ratio of 5.47. The chart below compares the historical Sharpe Ratios of FELAX and RYSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FELAX	RYSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.49	5.47	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.14	0.92	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.08	0.95	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.32	+0.15

Drawdowns

FELAX vs. RYSIX - Drawdown Comparison

The maximum FELAX drawdown since its inception was -71.33%, smaller than the maximum RYSIX drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for FELAX and RYSIX.

Drawdown Indicators

	FELAX	RYSIX	Difference
Max Drawdown Largest peak-to-trough decline	-71.33%	-88.66%	+17.33%
Max Drawdown (1Y) Largest decline over 1 year	-14.66%	-14.87%	+0.21%
Max Drawdown (3Y) Largest decline over 3 years	-36.43%	-40.57%	+4.14%
Max Drawdown (5Y) Largest decline over 5 years	-46.15%	-43.80%	-2.35%
Max Drawdown (10Y) Largest decline over 10 years	-46.15%	-43.80%	-2.35%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-21.88%	-49.71%	+27.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	3.93%	-0.17%

Volatility

FELAX vs. RYSIX - Volatility Comparison

The current volatility for Fidelity Advisor Semiconductors Fund Class A (FELAX) is 11.89%, while Rydex Electronics Fund (RYSIX) has a volatility of 12.72%. This indicates that FELAX experiences smaller price fluctuations and is considered to be less risky than RYSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FELAX	RYSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.89%	12.72%	-0.83%
Volatility (6M) Calculated over the trailing 6-month period	25.31%	25.62%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	32.52%	32.81%	-0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.34%	36.13%	+2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.69%	33.59%	+1.10%

FELAX vs. RYSIX - Expense Ratio Comparison

FELAX has a 1.01% expense ratio, which is lower than RYSIX's 1.36% expense ratio.

Dividends

FELAX vs. RYSIX - Dividend Comparison

FELAX's dividend yield for the trailing twelve months is around 3.77%, more than RYSIX's 1.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELAX Fidelity Advisor Semiconductors Fund Class A	3.77%	6.96%	7.02%	3.40%	3.32%	4.34%	4.51%	1.00%	20.15%	9.67%	0.36%	10.71%
RYSIX Rydex Electronics Fund	1.73%	3.24%	1.73%	0.00%	0.00%	3.34%	2.04%	0.01%	10.18%	0.05%	0.00%	0.16%

Frequently Asked Questions

Can I hold both FELAX and RYSIX in my portfolio?

With a correlation of 0.97, FELAX and RYSIX 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, FELAX or RYSIX?

RYSIX has higher volatility (12.72%) compared to FELAX (11.89%). In terms of maximum drawdown, FELAX dropped -71.33% vs RYSIX's -88.66%.

Which has better risk-adjusted returns?

FELAX currently has the higher Sharpe Ratio (5.49 vs 5.47), 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.