FELIX vs. FELAX

Last updated Jun 23, 2026

FELIX (Fidelity Advisor Semiconductors Fund Class I) and FELAX (Fidelity Advisor Semiconductors Fund Class A) are both mutual funds - FELIX is a Technology Equities fund managed by Fidelity, while FELAX is a Semiconductors fund actively managed by Fidelity. Over the past 10 years, FELIX returned 37.88%/yr vs 37.50%/yr for FELAX. With a 1.00 correlation, they move nearly in lockstep. FELIX charges 0.75%/yr vs 0.94%/yr for FELAX.

Performance

FELIX vs. FELAX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with FELIX having a 87.05% return and FELAX slightly lower at 86.83%. Both investments have delivered pretty close results over the past 10 years, with FELIX having a 37.88% annualized return and FELAX not far behind at 37.50%.

FELIX

• 1D: 5.52%
• 1M: 12.83%
• YTD: 87.05%
• 6M: 86.15%
• 1Y: 161.02%
• 3Y*: 61.70%
• 5Y*: 43.63%
• 10Y*: 37.88%

FELAX

• 1D: 5.52%
• 1M: 12.81%
• YTD: 86.83%
• 6M: 85.92%
• 1Y: 160.40%
• 3Y*: 61.30%
• 5Y*: 43.26%
• 10Y*: 37.50%

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

FELIX vs. FELAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FELIX Fidelity Advisor Semiconductors Fund Class I	87.05%	45.25%	44.10%	75.49%	-34.88%	57.89%	44.02%	64.21%	-12.52%	34.54%
FELAX Fidelity Advisor Semiconductors Fund Class A	86.83%	44.88%	43.74%	75.08%	-35.07%	57.50%	43.57%	63.76%	-12.76%	34.12%

Correlation

The correlation between FELIX and FELAX 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 27, 2000	1.00

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

Return for Risk

FELIX vs. FELAX — Risk / Return Rank

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

FELIX

FELIX Risk / Return Rank: 96
FELIX Sharpe Ratio Rank: 99
FELIX Sortino Ratio Rank: 93
FELIX Omega Ratio Rank: 90
FELIX Calmar Ratio Rank: 99
FELIX Martin Ratio Rank: 99

FELAX

FELAX Risk / Return Rank: 96
FELAX Sharpe Ratio Rank: 99
FELAX Sortino Ratio Rank: 93
FELAX Omega Ratio Rank: 90
FELAX Calmar Ratio Rank: 99
FELAX 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.

FELIX vs. FELAX - Risk-Adjusted Trends Comparison

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

	FELIX	FELAX	Difference
Sharpe ratio: Return per unit of total volatility	4.48	4.46	+0.02
Sortino ratio: Return per unit of downside risk	4.43	4.42	+0.01
Omega ratio: Gain probability vs. loss probability	1.62	1.61	0.00
Calmar ratio: Return relative to maximum drawdown	10.93	10.88	+0.05
Martin ratio: Return relative to average drawdown	39.80	39.59	+0.21

FELIX vs. FELAX - Sharpe Ratio Comparison

The current FELIX Sharpe Ratio is 4.48, which is comparable to the FELAX Sharpe Ratio of 4.46. The chart below compares the historical Sharpe Ratios of FELIX and FELAX, 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

FELIX vs. FELAX - Drawdown Comparison

The maximum FELIX drawdown since its inception was -71.17%, roughly equal to the maximum FELAX drawdown of -71.33%. Use the drawdown chart below to compare losses from any high point for FELIX and FELAX.

Drawdown Indicators

	FELIX	FELAX	Difference
Max Drawdown Largest peak-to-trough decline	-71.17%	-71.33%	+0.16%
Max Drawdown (1Y) Largest decline over 1 year	-14.65%	-14.66%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-36.40%	-36.43%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	-46.02%	-46.15%	+0.13%
Max Drawdown (10Y) Largest decline over 10 years	-46.02%	-46.15%	+0.13%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-21.10%	-21.85%	+0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.01%	4.02%	-0.01%

Volatility

FELIX vs. FELAX - Volatility Comparison

Fidelity Advisor Semiconductors Fund Class I (FELIX) and Fidelity Advisor Semiconductors Fund Class A (FELAX) have volatilities of 18.37% and 18.37%, 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

	FELIX	FELAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.37%	18.37%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	29.17%	29.17%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	35.76%	35.76%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.95%	38.95%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.03%	35.03%	0.00%

FELIX vs. FELAX - Expense Ratio Comparison

FELIX has a 0.75% expense ratio, which is lower than FELAX's 0.94% expense ratio.

Dividends

FELIX vs. FELAX - Dividend Comparison

FELIX's dividend yield for the trailing twelve months is around 3.48%, less than FELAX's 3.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELAX Fidelity Advisor Semiconductors Fund Class A	3.73%	6.96%	7.02%	3.40%	3.32%	4.34%	4.51%	1.00%	20.15%	9.67%	0.36%	10.71%
FELIX Fidelity Advisor Semiconductors Fund Class I	3.48%	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 FELIX and FELAX in my portfolio?

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

FELAX has higher volatility (18.37%) compared to FELIX (18.37%). In terms of maximum drawdown, FELIX dropped -71.17% vs FELAX's -71.33%.

Which has better risk-adjusted returns?

FELIX currently has the higher Sharpe Ratio (4.48 vs 4.46), 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.