FELTX vs. FELIX

Last updated Jun 4, 2026

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

Performance

FELTX vs. FELIX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with FELTX having a 84.58% return and FELIX slightly higher at 84.99%. Both investments have delivered pretty close results over the past 10 years, with FELTX having a 36.84% annualized return and FELIX not far ahead at 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%

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%

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

FELTX vs. FELIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
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%

Correlation

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

Return for Risk

FELTX vs. FELIX — Risk / Return Rank

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

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

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

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.

FELTX vs. FELIX - Risk-Adjusted Trends Comparison

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

	FELTX	FELIX	Difference
Sharpe ratio: Return per unit of total volatility	5.47	5.51	-0.04
Sortino ratio: Return per unit of downside risk	5.31	5.34	-0.03
Omega ratio: Gain probability vs. loss probability	1.72	1.73	0.00
Calmar ratio: Return relative to maximum drawdown	12.11	12.24	-0.13
Martin ratio: Return relative to average drawdown	47.13	47.66	-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.

FELTX vs. FELIX - Sharpe Ratio Comparison

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

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

Drawdowns

FELTX vs. FELIX - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

FELTX vs. FELIX - Volatility Comparison

Fidelity Advisor Semiconductors Fund Class M (FELTX) and Fidelity Advisor Semiconductors Fund Class I (FELIX) have volatilities of 11.89% and 11.90%, 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

	FELTX	FELIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.89%	11.90%	-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	34.70%	34.69%	+0.01%

FELTX vs. FELIX - Expense Ratio Comparison

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

Dividends

FELTX vs. FELIX - Dividend Comparison

FELTX's dividend yield for the trailing twelve months is around 3.98%, more than FELIX's 3.52% 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 FELTX and FELIX in my portfolio?

With a correlation of 1.00, FELTX and FELIX 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, FELTX or FELIX?

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

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.