FELIX vs. VGT

Last updated Aug 1, 2026

FELIX (Fidelity Advisor Semiconductors Fund Class I) and VGT (Vanguard Information Technology ETF) are both Technology Equities funds. FELIX is actively managed, while VGT is passively managed. Over the past 10 years, FELIX returned 33.55%/yr vs 24.06%/yr for VGT. Their correlation of 0.87 means they have usually moved in the same direction. FELIX charges 0.69%/yr vs 0.09%/yr for VGT.

Performance

FELIX vs. VGT - Performance Comparison

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

Returns By Period

In the year-to-date period, FELIX achieves a 48.18% return, which is significantly higher than VGT's 20.36% return. Over the past 10 years, FELIX has outperformed VGT with an annualized return of 33.55%, while VGT has yielded a comparatively lower 24.06% annualized return.

FELIX

• 1D: 7.41%
• 1M: -8.92%
• 6M: 32.63%
• YTD: 48.18%
• 1Y: 85.51%
• 3Y*: 46.63%
• 5Y*: 35.56%
• 10Y*: 33.55%
• ALL TIME*: 14.92%

VGT

• 1D: -0.38%
• 1M: -1.30%
• 6M: 21.30%
• YTD: 20.36%
• 1Y: 34.81%
• 3Y*: 26.48%
• 5Y*: 17.81%
• 10Y*: 24.06%
• ALL TIME*: 14.84%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FELIX Fidelity Advisor Semiconductors Fund Class I	$0.00	$0.00	$0.00
VGT Vanguard Information Technology ETF	$440.89M	$515.41M	$573.34M

FELIX vs. VGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FELIX Fidelity Advisor Semiconductors Fund Class I	48.18%	45.25%	44.10%	75.49%	-34.88%	57.89%	44.02%	64.21%	-12.52%	34.54%
VGT Vanguard Information Technology ETF	20.36%	21.77%	29.30%	52.66%	-29.70%	30.45%	46.04%	48.62%	2.46%	37.08%

Correlation

The correlation between FELIX and VGT is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004	0.87

The correlation between FELIX and VGT has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

Return for Risk

FELIX vs. VGT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FELIX

FELIX Risk / Return Rank: 82
FELIX Sharpe Ratio Rank: 84
FELIX Sortino Ratio Rank: 73
FELIX Omega Ratio Rank: 74
FELIX Calmar Ratio Rank: 87
FELIX Martin Ratio Rank: 91

VGT

VGT Risk / Return Rank: 52
VGT Sharpe Ratio Rank: 55
VGT Sortino Ratio Rank: 52
VGT Omega Ratio Rank: 50
VGT Calmar Ratio Rank: 55
VGT Martin Ratio Rank: 46

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FELIX vs. VGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class I (FELIX) and Vanguard Information Technology ETF (VGT). 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	VGT	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.31	+0.67
Sortino ratio: Return per unit of downside risk	2.41	1.82	+0.59
Omega ratio: Gain probability vs. loss probability	1.31	1.23	+0.09
Calmar ratio: Return relative to maximum drawdown	3.00	1.94	+1.06
Martin ratio: Return relative to average drawdown	12.69	5.23	+7.46

FELIX vs. VGT - Sharpe Ratio Comparison

The current FELIX Sharpe Ratio is 1.98, which is higher than the VGT Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of FELIX and VGT, 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. VGT - Drawdown Comparison

The maximum FELIX drawdown since its inception was -71.17%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for FELIX and VGT.

Drawdown Indicators

	FELIX	VGT	Difference
Max Drawdown Largest peak-to-trough decline	-71.17%	-54.63%	-16.54%
Max Drawdown (1Y) Largest decline over 1 year	-26.89%	-16.40%	-10.49%
Max Drawdown (3Y) Largest decline over 3 years	-36.40%	-27.23%	-9.17%
Max Drawdown (5Y) Largest decline over 5 years	-46.02%	-35.07%	-10.95%
Max Drawdown (10Y) Largest decline over 10 years	-46.02%	-35.07%	-10.95%
Current Drawdown Current decline from peak	-21.47%	-9.93%	-11.54%
Average Drawdown Average peak-to-trough decline	-21.07%	-7.95%	-13.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.35%	6.07%	+0.28%

Volatility

FELIX vs. VGT - Volatility Comparison

Fidelity Advisor Semiconductors Fund Class I (FELIX) has a higher volatility of 16.85% compared to Vanguard Information Technology ETF (VGT) at 8.42%. This indicates that FELIX's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FELIX	VGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.85%	8.42%	+8.43%
Volatility (6M) Calculated over the trailing 6-month period	34.46%	20.14%	+14.32%
Volatility (1Y) Calculated over the trailing 1-year period	40.70%	24.28%	+16.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.85%	25.83%	+14.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.48%	24.89%	+10.59%

FELIX vs. VGT - Expense Ratio Comparison

FELIX has a 0.69% expense ratio, which is higher than VGT's 0.09% expense ratio.

Dividends

FELIX vs. VGT - Dividend Comparison

FELIX's dividend yield for the trailing twelve months is around 4.39%, more than VGT's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELIX Fidelity Advisor Semiconductors Fund Class I	4.39%	6.51%	6.44%	3.15%	3.09%	4.14%	4.43%	1.04%	19.34%	9.50%	0.55%	10.37%
VGT Vanguard Information Technology ETF	0.38%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%

Frequently Asked Questions

Can I hold both FELIX and VGT in my portfolio?

FELIX and VGT have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FELIX or VGT?

FELIX has higher volatility (16.85%) compared to VGT (8.42%). In terms of maximum drawdown, FELIX dropped -71.17% vs VGT's -54.63%.

Which has better risk-adjusted returns?

FELIX currently has the higher Sharpe Ratio (1.98 vs 1.31), 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.