FELIX vs. FELTX

Last updated Jun 4, 2026

FELIX (Fidelity Advisor Semiconductors Fund Class I) and FELTX (Fidelity Advisor Semiconductors Fund Class M) are both Technology Equities funds from Fidelity. Over the past 10 years, FELIX returned 37.61%/yr vs 36.84%/yr for FELTX. With a 1.00 correlation, they move nearly in lockstep. FELIX charges 0.75%/yr vs 1.26%/yr for FELTX.

Performance

FELIX vs. FELTX - 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 M (FELTX). 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 84.99% return and FELTX slightly lower at 84.58%. Both investments have delivered pretty close results over the past 10 years, with FELIX having a 37.61% annualized return and FELTX not far behind at 36.84%.

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%

FELTX

• 1D: 6.40%
• 1M: 26.16%
• YTD: 84.58%
• 6M: 82.40%
• 1Y: 168.82%
• 3Y*: 63.11%
• 5Y*: 43.20%
• 10Y*: 36.84%

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

FELIX vs. FELTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
FELTX Fidelity Advisor Semiconductors Fund Class M	84.58%	44.53%	43.39%	74.66%	-35.23%	57.08%	43.20%	63.20%	-13.06%	33.66%

Correlation

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

Return for Risk

FELIX vs. FELTX — Risk / Return Rank

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

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

FELTX

FELTX Risk / Return Rank: 97
FELTX Sharpe Ratio Rank: 99
FELTX Sortino Ratio Rank: 96
FELTX Omega Ratio Rank: 93
FELTX Calmar Ratio Rank: 99
FELTX 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. FELTX - 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 M (FELTX). 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	FELTX	Difference
Sharpe ratio: Return per unit of total volatility	5.51	5.47	+0.04
Sortino ratio: Return per unit of downside risk	5.34	5.31	+0.03
Omega ratio: Gain probability vs. loss probability	1.73	1.72	0.00
Calmar ratio: Return relative to maximum drawdown	12.24	12.11	+0.13
Martin ratio: Return relative to average drawdown	47.66	47.13	+0.53
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. FELTX - Sharpe Ratio Comparison

The current FELIX Sharpe Ratio is 5.51, which is comparable to the FELTX Sharpe Ratio of 5.47. The chart below compares the historical Sharpe Ratios of FELIX and FELTX, 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

	FELIX	FELTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.51	5.47	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.15	1.13	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.09	1.07	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.46	+0.02

Drawdowns

FELIX vs. FELTX - Drawdown Comparison

The maximum FELIX drawdown since its inception was -71.17%, roughly equal to the maximum FELTX drawdown of -71.50%. Use the drawdown chart below to compare losses from any high point for FELIX and FELTX.

Drawdown Indicators

	FELIX	FELTX	Difference
Max Drawdown Largest peak-to-trough decline	-71.17%	-71.50%	+0.33%
Max Drawdown (1Y) Largest decline over 1 year	-14.65%	-14.69%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-36.40%	-36.47%	+0.07%
Max Drawdown (5Y) Largest decline over 5 years	-46.02%	-46.25%	+0.23%
Max Drawdown (10Y) Largest decline over 10 years	-46.02%	-46.25%	+0.23%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-21.14%	-22.40%	+1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.75%	3.77%	-0.02%

Volatility

FELIX vs. FELTX - Volatility Comparison

Fidelity Advisor Semiconductors Fund Class I (FELIX) and Fidelity Advisor Semiconductors Fund Class M (FELTX) have volatilities of 11.90% and 11.89%, 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	FELTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.90%	11.89%	+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	38.35%	38.35%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.69%	34.70%	-0.01%

FELIX vs. FELTX - Expense Ratio Comparison

FELIX has a 0.75% expense ratio, which is lower than FELTX's 1.26% expense ratio.

Dividends

FELIX vs. FELTX - Dividend Comparison

FELIX's dividend yield for the trailing twelve months is around 3.52%, less than FELTX's 3.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
FELTX Fidelity Advisor Semiconductors Fund Class M	3.98%	7.35%	7.56%	3.64%	3.54%	4.50%	4.56%	0.95%	20.90%	9.73%	0.13%	10.79%

Frequently Asked Questions

Can I hold both FELIX and FELTX in my portfolio?

With a correlation of 1.00, FELIX and FELTX 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 FELTX?

FELIX has higher volatility (11.90%) compared to FELTX (11.89%). In terms of maximum drawdown, FELIX dropped -71.17% vs FELTX's -71.50%.

Which has better risk-adjusted returns?

FELIX currently has the higher Sharpe Ratio (5.51 vs 5.47), 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.