FELIX vs. SMH
Compare and contrast key facts about Fidelity Advisor Semiconductors Fund Class I (FELIX) and VanEck Semiconductor ETF (SMH).
FELIX 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
FELIX vs. SMH - Performance Comparison
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FELIX vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FELIX Fidelity Advisor Semiconductors Fund Class I | 0.34% | 45.25% | 44.10% | 75.49% | -34.88% | 57.89% | 44.02% | 64.21% | -12.52% | 34.54% |
SMH VanEck Semiconductor ETF | 6.46% | 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, FELIX achieves a 0.34% return, which is significantly lower than SMH's 6.46% return. Both investments have delivered pretty close results over the past 10 years, with FELIX having a 29.99% annualized return and SMH not far ahead at 31.28%.
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%
SMH
- 1D
- 5.76%
- 1M
- -5.65%
- YTD
- 6.46%
- 6M
- 17.84%
- 1Y
- 81.87%
- 3Y*
- 43.47%
- 5Y*
- 25.59%
- 10Y*
- 31.28%
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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.
Return for Risk
FELIX vs. SMH — Risk / Return Rank
FELIX
SMH
FELIX vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class I (FELIX) 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.
| FELIX | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.94 | 2.23 | -0.29 |
Sortino ratioReturn per unit of downside risk | 2.55 | 2.85 | -0.30 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.40 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 4.18 | 5.10 | -0.91 |
Martin ratioReturn relative to average drawdown | 15.94 | 18.29 | -2.35 |
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
| FELIX | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 2.23 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.74 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.97 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.28 | +0.12 |
Correlation
The correlation between FELIX 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
FELIX vs. SMH - Dividend Comparison
FELIX's dividend yield for the trailing twelve months is around 6.49%, more than SMH's 0.29% 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% |
SMH VanEck Semiconductor ETF | 0.29% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
FELIX vs. SMH - Drawdown Comparison
The maximum FELIX drawdown since its inception was -71.17%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for FELIX and SMH.
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Drawdown Indicators
| FELIX | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.17% | -84.96% | +13.79% |
Max Drawdown (1Y)Largest decline over 1 year | -17.09% | -15.95% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -46.02% | -45.30% | -0.72% |
Max Drawdown (10Y)Largest decline over 10 years | -46.02% | -45.30% | -0.72% |
Current DrawdownCurrent decline from peak | -14.65% | -10.03% | -4.62% |
Average DrawdownAverage peak-to-trough decline | -21.27% | -41.36% | +20.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 4.44% | +0.05% |
Volatility
FELIX vs. SMH - Volatility Comparison
The current volatility for Fidelity Advisor Semiconductors Fund Class I (FELIX) is 10.51%, while VanEck Semiconductor ETF (SMH) has a volatility of 12.11%. This indicates that FELIX experiences smaller price fluctuations and is considered to be less risky 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
| FELIX | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.51% | 12.11% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 24.76% | 23.95% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.67% | 36.84% | +2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.96% | 34.71% | +3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.34% | 32.28% | +2.06% |