FELTX vs. USNQX

Last updated Jun 6, 2026

FELTX (Fidelity Advisor Semiconductors Fund Class M) and USNQX (USAA Nasdaq 100 Index Fund) are both mutual funds - FELTX is a Technology Equities fund managed by Fidelity, while USNQX is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Over the past 10 years, FELTX returned 36.65%/yr vs 21.54%/yr for USNQX. Their correlation of 0.85 suggests significant overlap in exposure. FELTX charges 1.26%/yr vs 0.42%/yr for USNQX.

Performance

FELTX vs. USNQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Semiconductors Fund Class M (FELTX) and USAA Nasdaq 100 Index Fund (USNQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FELTX achieves a 82.19% return, which is significantly higher than USNQX's 20.57% return. Over the past 10 years, FELTX has outperformed USNQX with an annualized return of 36.65%, while USNQX has yielded a comparatively lower 21.54% annualized return.

FELTX

• 1D: -1.78%
• 1M: 17.48%
• YTD: 82.19%
• 6M: 78.28%
• 1Y: 161.98%
• 3Y*: 63.20%
• 5Y*: 42.13%
• 10Y*: 36.65%

USNQX

• 1D: -0.52%
• 1M: 6.39%
• YTD: 20.57%
• 6M: 18.43%
• 1Y: 41.48%
• 3Y*: 28.29%
• 5Y*: 17.55%
• 10Y*: 21.54%

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

FELTX vs. USNQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FELTX Fidelity Advisor Semiconductors Fund Class M	82.19%	44.53%	43.39%	74.66%	-35.23%	57.08%	43.20%	63.20%	-13.06%	33.66%
USNQX USAA Nasdaq 100 Index Fund	20.57%	20.52%	25.42%	54.46%	-32.71%	26.82%	48.31%	38.86%	-0.43%	32.30%

Correlation

The correlation between FELTX and USNQX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Dec 28, 2000	0.85

The correlation between FELTX and USNQX has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.

Return for Risk

FELTX vs. USNQX — 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: 95
FELTX Omega Ratio Rank: 91
FELTX Calmar Ratio Rank: 99
FELTX Martin Ratio Rank: 99

USNQX

USNQX Risk / Return Rank: 71
USNQX Sharpe Ratio Rank: 78
USNQX Sortino Ratio Rank: 67
USNQX Omega Ratio Rank: 65
USNQX Calmar Ratio Rank: 78
USNQX Martin Ratio Rank: 69

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. USNQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class M (FELTX) and USAA Nasdaq 100 Index Fund (USNQX). 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	USNQX	Difference
Sharpe ratio: Return per unit of total volatility	4.97	2.52	+2.44
Sortino ratio: Return per unit of downside risk	4.98	3.31	+1.67
Omega ratio: Gain probability vs. loss probability	1.67	1.43	+0.24
Calmar ratio: Return relative to maximum drawdown	10.96	3.36	+7.60
Martin ratio: Return relative to average drawdown	42.67	12.85	+29.82
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. USNQX - Sharpe Ratio Comparison

The current FELTX Sharpe Ratio is 4.97, which is higher than the USNQX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of FELTX and USNQX, 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	USNQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.97	2.52	+2.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.10	0.77	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.06	0.95	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.37	+0.09

Drawdowns

FELTX vs. USNQX - Drawdown Comparison

The maximum FELTX drawdown since its inception was -71.50%, smaller than the maximum USNQX drawdown of -76.24%. Use the drawdown chart below to compare losses from any high point for FELTX and USNQX.

Drawdown Indicators

	FELTX	USNQX	Difference
Max Drawdown Largest peak-to-trough decline	-71.50%	-76.24%	+4.74%
Max Drawdown (1Y) Largest decline over 1 year	-14.69%	-12.07%	-2.62%
Max Drawdown (3Y) Largest decline over 3 years	-36.47%	-22.88%	-13.59%
Max Drawdown (5Y) Largest decline over 5 years	-46.25%	-36.95%	-9.30%
Max Drawdown (10Y) Largest decline over 10 years	-46.25%	-36.95%	-9.30%
Current Drawdown Current decline from peak	-1.78%	-0.80%	-0.98%
Average Drawdown Average peak-to-trough decline	-22.39%	-26.75%	+4.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.77%	3.15%	+0.62%

Volatility

FELTX vs. USNQX - Volatility Comparison

Fidelity Advisor Semiconductors Fund Class M (FELTX) has a higher volatility of 12.11% compared to USAA Nasdaq 100 Index Fund (USNQX) at 4.54%. This indicates that FELTX's price experiences larger fluctuations and is considered to be riskier than USNQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FELTX	USNQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.11%	4.54%	+7.57%
Volatility (6M) Calculated over the trailing 6-month period	25.41%	12.19%	+13.22%
Volatility (1Y) Calculated over the trailing 1-year period	32.47%	16.09%	+16.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.34%	22.88%	+15.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.69%	22.65%	+12.04%

FELTX vs. USNQX - Expense Ratio Comparison

FELTX has a 1.26% expense ratio, which is higher than USNQX's 0.42% expense ratio.

Dividends

FELTX vs. USNQX - Dividend Comparison

FELTX's dividend yield for the trailing twelve months is around 4.03%, more than USNQX's 2.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELTX Fidelity Advisor Semiconductors Fund Class M	4.03%	7.35%	7.56%	3.64%	3.54%	4.50%	4.56%	0.95%	20.90%	9.73%	0.13%	10.79%
USNQX USAA Nasdaq 100 Index Fund	2.50%	3.01%	2.19%	2.60%	4.13%	4.48%	1.53%	0.88%	0.69%	1.97%	0.50%	2.73%

Frequently Asked Questions

Can I hold both FELTX and USNQX in my portfolio?

FELTX and USNQX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FELTX or USNQX?

FELTX has higher volatility (12.11%) compared to USNQX (4.54%). In terms of maximum drawdown, FELTX dropped -71.50% vs USNQX's -76.24%.

Which has better risk-adjusted returns?

FELTX currently has the higher Sharpe Ratio (4.97 vs 2.52), 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.