FELIX vs. FELG

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Semiconductors Fund Class I (FELIX) and Fidelity Enhanced Large Cap Growth ETF (FELG).

FELIX is managed by Fidelity. It was launched on Dec 27, 2000. FELG is an actively managed fund by Fidelity. It was launched on Nov 20, 2023.

Performance

FELIX vs. FELG - Performance Comparison

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

FELIX vs. FELG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FELIX Fidelity Advisor Semiconductors Fund Class I	0.34%	45.25%	44.10%	7.37%
FELG Fidelity Enhanced Large Cap Growth ETF	-10.02%	18.44%	35.45%	4.20%

Returns By Period

In the year-to-date period, FELIX achieves a 0.34% return, which is significantly higher than FELG's -10.02% return.

FELIX

• 1D: -4.25%
• 1M: -9.99%
• YTD: 0.34%
• 6M: 8.31%
• 1Y: 77.58%
• 3Y*: 38.40%
• 5Y*: 28.12%
• 10Y*: 29.99%

FELG

• 1D: 3.91%
• 1M: -5.12%
• YTD: -10.02%
• 6M: -8.66%
• 1Y: 19.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FELIX vs. FELG - Expense Ratio Comparison

FELIX has a 0.75% expense ratio, which is higher than FELG's 0.18% expense ratio.

FELIX

Fidelity Advisor Semiconductors Fund Class I

FELG

Fidelity Enhanced Large Cap Growth ETF

Return for Risk

FELIX vs. FELG — Risk / Return Rank

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

FELIX

FELIX Risk / Return Rank: 92
FELIX Sharpe Ratio Rank: 92
FELIX Sortino Ratio Rank: 90
FELIX Omega Ratio Rank: 86
FELIX Calmar Ratio Rank: 97
FELIX Martin Ratio Rank: 97

FELG

FELG Risk / Return Rank: 53
FELG Sharpe Ratio Rank: 51
FELG Sortino Ratio Rank: 57
FELG Omega Ratio Rank: 56
FELG Calmar Ratio Rank: 53
FELG Martin Ratio Rank: 47

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. FELG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class I (FELIX) and Fidelity Enhanced Large Cap Growth ETF (FELG). 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.

	FELIX	FELG	Difference
Sharpe ratio Return per unit of total volatility	1.94	0.87	+1.08
Sortino ratio Return per unit of downside risk	2.55	1.40	+1.16
Omega ratio Gain probability vs. loss probability	1.36	1.20	+0.16
Calmar ratio Return relative to maximum drawdown	4.18	1.22	+2.96
Martin ratio Return relative to average drawdown	15.94	4.23	+11.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FELIX vs. FELG - Sharpe Ratio Comparison

The current FELIX Sharpe Ratio is 1.94, which is higher than the FELG Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of FELIX and FELG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FELIX	FELG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	0.87	+1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.94	-0.54

Correlation

The correlation between FELIX and FELG is 0.81, 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

FELIX vs. FELG - Dividend Comparison

FELIX's dividend yield for the trailing twelve months is around 6.49%, more than FELG's 0.41% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELIX Fidelity Advisor Semiconductors Fund Class I	6.49%	6.51%	6.44%	3.15%	3.09%	4.14%	4.43%	1.04%	19.34%	9.50%	0.55%	10.37%
FELG Fidelity Enhanced Large Cap Growth ETF	0.41%	0.38%	0.44%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FELIX vs. FELG - Drawdown Comparison

The maximum FELIX drawdown since its inception was -71.17%, which is greater than FELG's maximum drawdown of -23.89%. Use the drawdown chart below to compare losses from any high point for FELIX and FELG.

Drawdown Indicators

	FELIX	FELG	Difference
Max Drawdown Largest peak-to-trough decline	-71.17%	-23.89%	-47.28%
Max Drawdown (1Y) Largest decline over 1 year	-17.09%	-16.17%	-0.92%
Max Drawdown (5Y) Largest decline over 5 years	-46.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.02%	—	—
Current Drawdown Current decline from peak	-14.65%	-12.90%	-1.75%
Average Drawdown Average peak-to-trough decline	-21.27%	-3.56%	-17.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.49%	4.67%	-0.18%

Volatility

FELIX vs. FELG - Volatility Comparison

Fidelity Advisor Semiconductors Fund Class I (FELIX) has a higher volatility of 10.51% compared to Fidelity Enhanced Large Cap Growth ETF (FELG) at 6.85%. This indicates that FELIX's price experiences larger fluctuations and is considered to be riskier than FELG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FELIX	FELG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.51%	6.85%	+3.66%
Volatility (6M) Calculated over the trailing 6-month period	24.76%	12.41%	+12.35%
Volatility (1Y) Calculated over the trailing 1-year period	39.67%	22.58%	+17.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.96%	20.24%	+17.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.34%	20.24%	+14.10%