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FELIX vs. SMH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FELIXSMH
YTD Return41.07%41.61%
1Y Return49.70%54.65%
3Y Return (Ann)15.18%19.66%
5Y Return (Ann)27.41%32.95%
10Y Return (Ann)21.78%28.62%
Sharpe Ratio1.551.73
Sortino Ratio2.082.24
Omega Ratio1.271.30
Calmar Ratio2.292.39
Martin Ratio6.516.56
Ulcer Index8.49%9.05%
Daily Std Dev35.57%34.39%
Max Drawdown-71.17%-95.73%
Current Drawdown-9.73%-11.96%

Correlation

-0.50.00.51.01.0

The correlation between FELIX and SMH is 0.95, 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.

Performance

FELIX vs. SMH - Performance Comparison

The year-to-date returns for both investments are quite close, with FELIX having a 41.07% return and SMH slightly higher at 41.61%. Over the past 10 years, FELIX has underperformed SMH with an annualized return of 21.78%, while SMH has yielded a comparatively higher 28.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%0.00%10.00%20.00%JuneJulyAugustSeptemberOctoberNovember
5.89%
5.87%
FELIX
SMH

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FELIX vs. SMH - Expense Ratio Comparison

FELIX has a 0.75% expense ratio, which is higher than SMH's 0.35% expense ratio.


FELIX
Fidelity Advisor Semiconductors Fund Class I
Expense ratio chart for FELIX: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%
Expense ratio chart for SMH: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Risk-Adjusted Performance

FELIX vs. SMH - Risk-Adjusted Performance Comparison

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


FELIX
Sharpe ratio
The chart of Sharpe ratio for FELIX, currently valued at 1.55, compared to the broader market0.002.004.001.55
Sortino ratio
The chart of Sortino ratio for FELIX, currently valued at 2.08, compared to the broader market0.005.0010.002.08
Omega ratio
The chart of Omega ratio for FELIX, currently valued at 1.27, compared to the broader market1.002.003.004.001.27
Calmar ratio
The chart of Calmar ratio for FELIX, currently valued at 2.29, compared to the broader market0.005.0010.0015.0020.0025.002.29
Martin ratio
The chart of Martin ratio for FELIX, currently valued at 6.51, compared to the broader market0.0020.0040.0060.0080.00100.006.51
SMH
Sharpe ratio
The chart of Sharpe ratio for SMH, currently valued at 1.73, compared to the broader market0.002.004.001.73
Sortino ratio
The chart of Sortino ratio for SMH, currently valued at 2.24, compared to the broader market0.005.0010.002.24
Omega ratio
The chart of Omega ratio for SMH, currently valued at 1.30, compared to the broader market1.002.003.004.001.30
Calmar ratio
The chart of Calmar ratio for SMH, currently valued at 2.39, compared to the broader market0.005.0010.0015.0020.0025.002.39
Martin ratio
The chart of Martin ratio for SMH, currently valued at 6.56, compared to the broader market0.0020.0040.0060.0080.00100.006.56

FELIX vs. SMH - Sharpe Ratio Comparison

The current FELIX Sharpe Ratio is 1.55, which is comparable to the SMH Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of FELIX and SMH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.55
1.73
FELIX
SMH

Dividends

FELIX vs. SMH - Dividend Comparison

FELIX has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.42%.


TTM20232022202120202019201820172016201520142013
FELIX
Fidelity Advisor Semiconductors Fund Class I
0.00%0.00%0.00%0.00%0.29%0.34%0.89%0.75%0.44%10.62%0.11%0.00%
SMH
VanEck Vectors Semiconductor ETF
0.42%0.60%2.37%1.02%1.38%6.00%3.75%2.85%1.61%4.28%2.31%3.11%

Drawdowns

FELIX vs. SMH - Drawdown Comparison

The maximum FELIX drawdown since its inception was -71.17%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for FELIX and SMH. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-9.73%
-11.96%
FELIX
SMH

Volatility

FELIX vs. SMH - Volatility Comparison

Fidelity Advisor Semiconductors Fund Class I (FELIX) has a higher volatility of 8.81% compared to VanEck Vectors Semiconductor ETF (SMH) at 7.71%. This indicates that FELIX'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.


6.00%8.00%10.00%12.00%14.00%16.00%18.00%JuneJulyAugustSeptemberOctoberNovember
8.81%
7.71%
FELIX
SMH