FELAX vs. VGT

Last updated Jun 24, 2026

FELAX (Fidelity Advisor Semiconductors Fund Class A) and VGT (Vanguard Information Technology ETF) are both funds - FELAX is a Semiconductors fund actively managed by Fidelity, while VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. FELAX is actively managed, while VGT is passively managed. Over the past 10 years, FELAX returned 38.06%/yr vs 25.49%/yr for VGT. Their correlation of 0.87 suggests significant overlap in exposure. FELAX charges 0.94%/yr vs 0.09%/yr for VGT.

Performance

FELAX vs. VGT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Semiconductors Fund Class A (FELAX) and Vanguard Information Technology ETF (VGT). 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 VGT's 23.32% return. Over the past 10 years, FELAX has outperformed VGT with an annualized return of 38.06%, while VGT has yielded a comparatively lower 25.49% annualized 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%

VGT

• 1D: -3.68%
• 1M: 0.28%
• YTD: 23.32%
• 6M: 21.50%
• 1Y: 46.82%
• 3Y*: 30.13%
• 5Y*: 19.51%
• 10Y*: 25.49%

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

FELAX vs. VGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FELAX Fidelity Advisor Semiconductors Fund Class A	88.47%	44.88%	43.74%	75.08%	-35.07%	57.50%	43.57%	63.76%	-12.76%	34.12%
VGT Vanguard Information Technology ETF	23.32%	21.77%	29.30%	52.66%	-29.70%	30.45%	46.04%	48.62%	2.46%	37.08%

Correlation

The correlation between FELAX and VGT is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004	0.87

The correlation between FELAX and VGT has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

FELAX vs. VGT - Sectors Allocation Comparison

Sectors	FELAX	VGT
Technology	100.0%	98.5%
Basic Materials	-	0.0%
Communication Services	-	0.5%
Consumer Cyclical	-	0.1%
Consumer Defensive	-	-
Energy	-	0.3%
Financial Services	-	0.5%
Healthcare	-	0.0%
Industrials	-	0.4%
Real Estate	-	-
Utilities	-	-

Return for Risk

FELAX vs. VGT — 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

VGT

VGT Risk / Return Rank: 58
VGT Sharpe Ratio Rank: 65
VGT Sortino Ratio Rank: 56
VGT Omega Ratio Rank: 58
VGT Calmar Ratio Rank: 60
VGT Martin Ratio Rank: 52

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. VGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class A (FELAX) and Vanguard Information Technology ETF (VGT). 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	VGT	Difference
Sharpe ratio: Return per unit of total volatility	4.58	2.07	+2.51
Sortino ratio: Return per unit of downside risk	4.49	2.61	+1.88
Omega ratio: Gain probability vs. loss probability	1.63	1.35	+0.28
Calmar ratio: Return relative to maximum drawdown	11.17	2.87	+8.30
Martin ratio: Return relative to average drawdown	40.64	8.76	+31.88

FELAX vs. VGT - Sharpe Ratio Comparison

The current FELAX Sharpe Ratio is 4.58, which is higher than the VGT Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of FELAX and VGT, 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. VGT - Drawdown Comparison

The maximum FELAX drawdown since its inception was -71.33%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for FELAX and VGT.

Drawdown Indicators

	FELAX	VGT	Difference
Max Drawdown Largest peak-to-trough decline	-71.33%	-54.63%	-16.70%
Max Drawdown (1Y) Largest decline over 1 year	-14.66%	-16.40%	+1.74%
Max Drawdown (3Y) Largest decline over 3 years	-36.43%	-27.23%	-9.20%
Max Drawdown (5Y) Largest decline over 5 years	-46.15%	-35.07%	-11.08%
Max Drawdown (10Y) Largest decline over 10 years	-46.15%	-35.07%	-11.08%
Current Drawdown Current decline from peak	0.00%	-7.71%	+7.71%
Average Drawdown Average peak-to-trough decline	-21.84%	-7.95%	-13.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	5.36%	-1.34%

Volatility

FELAX vs. VGT - Volatility Comparison

Fidelity Advisor Semiconductors Fund Class A (FELAX) has a higher volatility of 18.04% compared to Vanguard Information Technology ETF (VGT) at 11.39%. This indicates that FELAX's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FELAX	VGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.04%	11.39%	+6.65%
Volatility (6M) Calculated over the trailing 6-month period	28.87%	18.58%	+10.29%
Volatility (1Y) Calculated over the trailing 1-year period	35.81%	22.72%	+13.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.96%	25.55%	+13.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.05%	24.77%	+10.28%

FELAX vs. VGT - Expense Ratio Comparison

FELAX has a 0.94% expense ratio, which is higher than VGT's 0.09% expense ratio.

Dividends

FELAX vs. VGT - Dividend Comparison

FELAX's dividend yield for the trailing twelve months is around 3.69%, more than VGT's 0.33% 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%
VGT Vanguard Information Technology ETF	0.33%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%

Frequently Asked Questions

Can I hold both FELAX and VGT in my portfolio?

FELAX and VGT have a correlation of 0.86, 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 VGT?

FELAX has higher volatility (18.04%) compared to VGT (11.39%). In terms of maximum drawdown, FELAX dropped -71.33% vs VGT's -54.63%.

Which has better risk-adjusted returns?

FELAX currently has the higher Sharpe Ratio (4.58 vs 2.07), 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.