FELCX vs. FELIX

Last updated Jun 4, 2026

FELCX (Fidelity Advisor Semiconductors Fund Class C) and FELIX (Fidelity Advisor Semiconductors Fund Class I) are both Technology Equities funds from Fidelity. Over the past 10 years, FELCX returned 36.19%/yr vs 37.61%/yr for FELIX. With a 1.00 correlation, they move nearly in lockstep. FELCX charges 1.76%/yr vs 0.75%/yr for FELIX.

Performance

FELCX vs. FELIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Semiconductors Fund Class C (FELCX) and Fidelity Advisor Semiconductors Fund Class I (FELIX). 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 FELCX having a 84.21% return and FELIX slightly higher at 84.99%. Both investments have delivered pretty close results over the past 10 years, with FELCX having a 36.19% annualized return and FELIX not far ahead at 37.61%.

FELCX

• 1D: 6.40%
• 1M: 26.11%
• YTD: 84.21%
• 6M: 81.97%
• 1Y: 167.52%
• 3Y*: 62.30%
• 5Y*: 42.49%
• 10Y*: 36.19%

FELIX

• 1D: 6.40%
• 1M: 26.21%
• YTD: 84.99%
• 6M: 82.86%
• 1Y: 170.17%
• 3Y*: 63.90%
• 5Y*: 43.93%
• 10Y*: 37.61%

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

FELCX vs. FELIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FELCX Fidelity Advisor Semiconductors Fund Class C	84.21%	43.80%	42.66%	73.83%	-35.56%	56.29%	42.50%	62.54%	-13.48%	33.04%
FELIX Fidelity Advisor Semiconductors Fund Class I	84.99%	45.25%	44.10%	75.49%	-34.88%	57.89%	44.02%	64.21%	-12.52%	34.54%

Correlation

The correlation between FELCX and FELIX is 1.00 - 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	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Dec 28, 2000	1.00

The correlation between FELCX and FELIX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FELCX vs. FELIX — Risk / Return Rank

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

FELCX

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

FELIX

FELIX Risk / Return Rank: 97
FELIX Sharpe Ratio Rank: 100
FELIX Sortino Ratio Rank: 96
FELIX Omega Ratio Rank: 94
FELIX Calmar Ratio Rank: 99
FELIX 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.

FELCX vs. FELIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class C (FELCX) and Fidelity Advisor Semiconductors Fund Class I (FELIX). 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.

	FELCX	FELIX	Difference
Sharpe ratio Return per unit of total volatility	5.43	5.51	-0.09
Sortino ratio Return per unit of downside risk	5.28	5.34	-0.06
Omega ratio Gain probability vs. loss probability	1.72	1.73	-0.01
Calmar ratio Return relative to maximum drawdown	11.99	12.24	-0.25
Martin ratio Return relative to average drawdown	46.62	47.66	-1.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FELCX vs. FELIX - Sharpe Ratio Comparison

The current FELCX Sharpe Ratio is 5.43, which is comparable to the FELIX Sharpe Ratio of 5.51. The chart below compares the historical Sharpe Ratios of FELCX and FELIX, 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

	FELCX	FELIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.43	5.51	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.11	1.15	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.05	1.09	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.48	-0.04

Drawdowns

FELCX vs. FELIX - Drawdown Comparison

The maximum FELCX drawdown since its inception was -72.55%, roughly equal to the maximum FELIX drawdown of -71.17%. Use the drawdown chart below to compare losses from any high point for FELCX and FELIX.

Drawdown Indicators

	FELCX	FELIX	Difference
Max Drawdown Largest peak-to-trough decline	-72.55%	-71.17%	-1.38%
Max Drawdown (1Y) Largest decline over 1 year	-14.71%	-14.65%	-0.06%
Max Drawdown (3Y) Largest decline over 3 years	-36.53%	-36.40%	-0.13%
Max Drawdown (5Y) Largest decline over 5 years	-46.47%	-46.02%	-0.45%
Max Drawdown (10Y) Largest decline over 10 years	-46.47%	-46.02%	-0.45%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-23.57%	-21.14%	-2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	3.75%	+0.03%

Volatility

FELCX vs. FELIX - Volatility Comparison

Fidelity Advisor Semiconductors Fund Class C (FELCX) and Fidelity Advisor Semiconductors Fund Class I (FELIX) have volatilities of 11.91% and 11.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FELCX	FELIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.91%	11.90%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	25.31%	25.31%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	32.52%	32.52%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.34%	38.35%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.70%	34.69%	+0.01%

FELCX vs. FELIX - Expense Ratio Comparison

FELCX has a 1.76% expense ratio, which is higher than FELIX's 0.75% expense ratio.

Dividends

FELCX vs. FELIX - Dividend Comparison

FELCX's dividend yield for the trailing twelve months is around 4.53%, more than FELIX's 3.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELCX Fidelity Advisor Semiconductors Fund Class C	4.53%	8.35%	8.97%	4.24%	4.07%	4.95%	5.13%	0.93%	22.41%	10.39%	0.14%	11.27%
FELIX Fidelity Advisor Semiconductors Fund Class I	3.52%	6.51%	6.44%	3.15%	3.09%	4.14%	4.43%	1.04%	19.34%	9.50%	0.55%	10.37%

Frequently Asked Questions

Can I hold both FELCX and FELIX in my portfolio?

With a correlation of 1.00, FELCX and FELIX 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, FELCX or FELIX?

FELCX has higher volatility (11.91%) compared to FELIX (11.90%). In terms of maximum drawdown, FELCX dropped -72.55% vs FELIX's -71.17%.

Which has better risk-adjusted returns?

FELIX currently has the higher Sharpe Ratio (5.51 vs 5.43), 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.