FELCX vs. SMH
Compare and contrast key facts about Fidelity Advisor Semiconductors Fund Class C (FELCX) and VanEck Semiconductor ETF (SMH).
FELCX 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.
Performance
FELCX vs. SMH - Performance Comparison
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FELCX vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FELCX Fidelity Advisor Semiconductors Fund Class C | 7.22% | 43.80% | 42.66% | 73.83% | -35.56% | 56.29% | 42.50% | 62.54% | -13.48% | 33.04% |
SMH VanEck Semiconductor ETF | 8.84% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Returns By Period
In the year-to-date period, FELCX achieves a 7.22% return, which is significantly lower than SMH's 8.84% return. Over the past 10 years, FELCX has underperformed SMH with an annualized return of 29.54%, while SMH has yielded a comparatively higher 31.58% annualized return.
FELCX
- 1D
- 7.12%
- 1M
- -4.53%
- YTD
- 7.22%
- 6M
- 13.91%
- 1Y
- 86.87%
- 3Y*
- 40.21%
- 5Y*
- 27.74%
- 10Y*
- 29.54%
SMH
- 1D
- 2.24%
- 1M
- -3.55%
- YTD
- 8.84%
- 6M
- 17.83%
- 1Y
- 85.04%
- 3Y*
- 44.53%
- 5Y*
- 26.15%
- 10Y*
- 31.58%
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FELCX vs. SMH - Expense Ratio Comparison
FELCX has a 1.76% expense ratio, which is higher than SMH's 0.35% expense ratio.
Return for Risk
FELCX vs. SMH — Risk / Return Rank
FELCX
SMH
FELCX vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class C (FELCX) and VanEck 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.
| FELCX | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.21 | 2.32 | -0.11 |
Sortino ratioReturn per unit of downside risk | 2.82 | 2.92 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 5.09 | 5.39 | -0.30 |
Martin ratioReturn relative to average drawdown | 19.20 | 19.22 | -0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FELCX | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.32 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.76 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.98 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.28 | +0.09 |
Correlation
The correlation between FELCX and SMH is 0.96, 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.
Dividends
FELCX vs. SMH - Dividend Comparison
FELCX's dividend yield for the trailing twelve months is around 7.79%, more than SMH's 0.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FELCX Fidelity Advisor Semiconductors Fund Class C | 7.79% | 8.35% | 8.97% | 4.24% | 4.07% | 4.95% | 5.13% | 0.93% | 22.41% | 10.39% | 0.14% | 11.27% |
SMH VanEck Semiconductor ETF | 0.28% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
FELCX vs. SMH - Drawdown Comparison
The maximum FELCX drawdown since its inception was -72.55%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for FELCX and SMH.
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Drawdown Indicators
| FELCX | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.55% | -84.96% | +12.41% |
Max Drawdown (1Y)Largest decline over 1 year | -17.11% | -15.95% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -46.47% | -45.30% | -1.17% |
Max Drawdown (10Y)Largest decline over 10 years | -46.47% | -45.30% | -1.17% |
Current DrawdownCurrent decline from peak | -8.64% | -8.02% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -23.72% | -41.35% | +17.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 4.47% | +0.07% |
Volatility
FELCX vs. SMH - Volatility Comparison
Fidelity Advisor Semiconductors Fund Class C (FELCX) has a higher volatility of 12.79% compared to VanEck Semiconductor ETF (SMH) at 11.74%. This indicates that FELCX'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.
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Volatility by Period
| FELCX | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.79% | 11.74% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 25.67% | 24.02% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.19% | 36.88% | +3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.07% | 34.68% | +3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.42% | 32.29% | +2.13% |