FELTX vs. HTECX
FELTX (Fidelity Advisor Semiconductors Fund Class M) and HTECX (Hennessy Technology Fund) are both Technology Equities funds. Over the past 10 years, FELTX returned 33.64%/yr vs 15.03%/yr for HTECX. Their correlation of 0.85 means they have usually moved in the same direction. FELTX charges 1.26%/yr vs 1.23%/yr for HTECX.
Performance
FELTX vs. HTECX - Performance Comparison
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Returns By Period
In the year-to-date period, FELTX achieves a 59.09% return, which is significantly higher than HTECX's 30.52% return. Over the past 10 years, FELTX has outperformed HTECX with an annualized return of 33.64%, while HTECX has yielded a comparatively lower 15.03% annualized return.
FELTX
- 1D
- 5.55%
- 1M
- -4.12%
- 6M
- 49.15%
- YTD
- 59.09%
- 1Y
- 98.46%
- 3Y*
- 51.77%
- 5Y*
- 36.04%
- 10Y*
- 33.64%
- ALL TIME*
- 14.62%
HTECX
- 1D
- 3.49%
- 1M
- 7.03%
- 6M
- 34.38%
- YTD
- 30.52%
- 1Y
- 42.68%
- 3Y*
- 25.14%
- 5Y*
- 11.92%
- 10Y*
- 15.03%
- ALL TIME*
- 7.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FELTX vs. HTECX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FELTX Fidelity Advisor Semiconductors Fund Class M | 59.09% | 44.53% | 43.39% | 74.66% | -35.23% | 57.08% | 43.20% | 63.20% | -13.06% | 33.66% |
HTECX Hennessy Technology Fund | 30.52% | 15.48% | 17.29% | 35.95% | -26.28% | 14.75% | 24.45% | 39.13% | -2.27% | 20.31% |
Correlation
The correlation between FELTX and HTECX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2002 | 0.85 |
Over the past year, the correlation between FELTX and HTECX has dropped to 0.63 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
FELTX vs. HTECX — Risk / Return Rank
FELTX
HTECX
FELTX vs. HTECX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class M (FELTX) and Hennessy Technology Fund (HTECX). 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.
| FELTX | HTECX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.31 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 2.76 | +0.80 |
| Martin ratioReturn relative to average drawdown | 14.30 | 8.08 | +6.22 |
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Drawdowns
FELTX vs. HTECX - Drawdown Comparison
The maximum FELTX drawdown since its inception was -71.50%, which is greater than HTECX's maximum drawdown of -58.85%. Use the drawdown chart below to compare losses from any high point for FELTX and HTECX.
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Drawdown Indicators
| FELTX | HTECX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.50% | -58.85% | -12.65% |
Max Drawdown (1Y)Largest decline over 1 year | -26.92% | -15.01% | -11.91% |
Max Drawdown (3Y)Largest decline over 3 years | -36.47% | -26.64% | -9.83% |
Max Drawdown (5Y)Largest decline over 5 years | -46.25% | -34.88% | -11.37% |
Max Drawdown (10Y)Largest decline over 10 years | -46.25% | -35.00% | -11.25% |
Current DrawdownCurrent decline from peak | -15.49% | 0.00% | -15.49% |
Average DrawdownAverage peak-to-trough decline | -22.33% | -11.88% | -10.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.69% | 5.11% | +1.58% |
Volatility
FELTX vs. HTECX - Volatility Comparison
Fidelity Advisor Semiconductors Fund Class M (FELTX) has a higher volatility of 16.54% compared to Hennessy Technology Fund (HTECX) at 5.58%. This indicates that FELTX's price experiences larger fluctuations and is considered to be riskier than HTECX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FELTX | HTECX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.54% | 5.58% | +10.96% |
Volatility (6M)Calculated over the trailing 6-month period | 34.70% | 17.69% | +17.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.97% | 21.94% | +19.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.93% | 24.58% | +15.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.54% | 23.84% | +11.70% |
FELTX vs. HTECX - Expense Ratio Comparison
FELTX has a 1.26% expense ratio, which is higher than HTECX's 1.23% expense ratio.
Dividends
FELTX vs. HTECX - Dividend Comparison
FELTX's dividend yield for the trailing twelve months is around 4.62%, less than HTECX's 16.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FELTX Fidelity Advisor Semiconductors Fund Class M | 4.62% | 7.35% | 7.56% | 3.64% | 3.54% | 4.50% | 4.56% | 0.95% | 20.90% | 9.73% | 0.13% | 10.79% |
HTECX Hennessy Technology Fund | 16.21% | 21.16% | 4.28% | 0.00% | 0.07% | 33.37% | 3.58% | 2.65% | 15.54% | 9.60% | 0.00% | 0.00% |
Frequently Asked Questions
FELTX and HTECX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FELTX has higher volatility (16.54%) compared to HTECX (5.58%). In terms of maximum drawdown, FELTX dropped -71.50% vs HTECX's -58.85%.
FELTX currently has the higher Sharpe Ratio (2.34 vs 1.89), 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.
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