FELTX vs. SMH
Compare and contrast key facts about Fidelity Advisor Semiconductors Fund Class M (FELTX) and VanEck Semiconductor ETF (SMH).
FELTX 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
FELTX vs. SMH - Performance Comparison
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FELTX vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FELTX Fidelity Advisor Semiconductors Fund Class M | 0.20% | 44.53% | 43.39% | 74.66% | -35.23% | 57.08% | 43.20% | 63.20% | -13.06% | 33.66% |
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, FELTX achieves a 0.20% return, which is significantly lower than SMH's 6.46% return. Over the past 10 years, FELTX has underperformed SMH with an annualized return of 29.26%, while SMH has yielded a comparatively higher 31.28% annualized return.
FELTX
- 1D
- -4.26%
- 1M
- -10.03%
- YTD
- 0.20%
- 6M
- 8.05%
- 1Y
- 76.69%
- 3Y*
- 37.72%
- 5Y*
- 27.48%
- 10Y*
- 29.26%
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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FELTX vs. SMH - Expense Ratio Comparison
FELTX has a 1.26% expense ratio, which is higher than SMH's 0.35% expense ratio.
Return for Risk
FELTX vs. SMH — Risk / Return Rank
FELTX
SMH
FELTX vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class M (FELTX) 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.
| FELTX | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 2.23 | -0.32 |
Sortino ratioReturn per unit of downside risk | 2.53 | 2.85 | -0.32 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.40 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 4.13 | 5.10 | -0.97 |
Martin ratioReturn relative to average drawdown | 15.71 | 18.29 | -2.59 |
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
| FELTX | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.23 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.74 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.97 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.28 | +0.10 |
Correlation
The correlation between FELTX 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
FELTX vs. SMH - Dividend Comparison
FELTX's dividend yield for the trailing twelve months is around 7.34%, more than SMH's 0.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FELTX Fidelity Advisor Semiconductors Fund Class M | 7.34% | 7.35% | 7.56% | 3.64% | 3.54% | 4.50% | 4.56% | 0.95% | 20.90% | 9.73% | 0.13% | 10.79% |
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
FELTX vs. SMH - Drawdown Comparison
The maximum FELTX drawdown since its inception was -71.50%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for FELTX and SMH.
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Drawdown Indicators
| FELTX | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.50% | -84.96% | +13.46% |
Max Drawdown (1Y)Largest decline over 1 year | -17.10% | -15.95% | -1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -46.25% | -45.30% | -0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -46.25% | -45.30% | -0.95% |
Current DrawdownCurrent decline from peak | -14.69% | -10.03% | -4.66% |
Average DrawdownAverage peak-to-trough decline | -22.55% | -41.36% | +18.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 4.44% | +0.06% |
Volatility
FELTX vs. SMH - Volatility Comparison
The current volatility for Fidelity Advisor Semiconductors Fund Class M (FELTX) is 10.50%, while VanEck Semiconductor ETF (SMH) has a volatility of 12.11%. This indicates that FELTX 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
| FELTX | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.50% | 12.11% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 24.75% | 23.95% | +0.80% |
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 | 34.35% | 32.28% | +2.07% |