FELAX vs. SMH
Compare and contrast key facts about Fidelity Advisor Semiconductors Fund Class A (FELAX) and VanEck Vectors Semiconductor ETF (SMH).
FELAX is managed by Fidelity. It was launched on Dec 27, 2000. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FELAX or SMH.
Key characteristics
| FELAX | SMH | |
|---|---|---|
| YTD Return | 32.14% | 32.78% |
| 1Y Return | 71.95% | 80.39% |
| 3Y Return (Ann) | 31.45% | 27.97% |
| 5Y Return (Ann) | 35.47% | 37.70% |
| 10Y Return (Ann) | 27.16% | 29.74% |
| Sharpe Ratio | 2.49 | 2.98 |
| Daily Std Dev | 30.89% | 28.60% |
| Max Drawdown | -71.33% | -95.73% |
| Current Drawdown | -0.71% | -0.84% |
Correlation
The correlation between FELAX and SMH is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FELAX vs. SMH - Performance Comparison
The year-to-date returns for both investments are quite close, with FELAX having a 32.14% return and SMH slightly higher at 32.78%. Over the past 10 years, FELAX has underperformed SMH with an annualized return of 27.16%, while SMH has yielded a comparatively higher 29.74% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FELAX vs. SMH - Expense Ratio Comparison
FELAX has a 1.01% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
FELAX vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class A (FELAX) and VanEck Vectors Semiconductor ETF (SMH). 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.
Dividends
FELAX vs. SMH - Dividend Comparison
FELAX's dividend yield for the trailing twelve months is around 2.58%, more than SMH's 0.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FELAX Fidelity Advisor Semiconductors Fund Class A | 2.58% | 3.40% | 3.32% | 4.34% | 4.51% | 1.00% | 20.15% | 9.67% | 0.36% | 10.72% | 0.48% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.45% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
FELAX vs. SMH - Drawdown Comparison
The maximum FELAX drawdown since its inception was -71.33%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for FELAX and SMH. For additional features, visit the drawdowns tool.
Volatility
FELAX vs. SMH - Volatility Comparison
Fidelity Advisor Semiconductors Fund Class A (FELAX) has a higher volatility of 10.19% compared to VanEck Vectors Semiconductor ETF (SMH) at 9.43%. This indicates that FELAX's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.