FELTX vs. WSTAX

Last updated Aug 6, 2026

FELTX (Fidelity Advisor Semiconductors Fund Class M) and WSTAX (Nomura Science and Technology Fund Class A) are both Technology Equities funds. Over the past 10 years, FELTX returned 33.64%/yr vs 23.70%/yr for WSTAX. Their correlation of 0.85 means they have usually moved in the same direction. FELTX charges 1.26%/yr vs 1.17%/yr for WSTAX.

Performance

FELTX vs. WSTAX - Performance Comparison

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

Returns By Period

In the year-to-date period, FELTX achieves a 59.09% return, which is significantly higher than WSTAX's 37.16% return. Over the past 10 years, FELTX has outperformed WSTAX with an annualized return of 33.64%, while WSTAX has yielded a comparatively lower 23.70% 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%

WSTAX

• 1D: 3.00%
• 1M: -1.66%
• 6M: 33.87%
• YTD: 37.16%
• 1Y: 54.72%
• 3Y*: 48.68%
• 5Y*: 22.39%
• 10Y*: 23.70%
• ALL TIME*: 12.61%

*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)
FELTX Fidelity Advisor Semiconductors Fund Class M	$0.00	$0.00	$0.00
WSTAX Nomura Science and Technology Fund Class A	$0.00	$0.00	$0.00

FELTX vs. WSTAX - 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%
WSTAX Nomura Science and Technology Fund Class A	37.16%	33.91%	59.64%	40.44%	-32.50%	14.19%	36.12%	50.35%	-5.23%	32.77%

Correlation

The correlation between FELTX and WSTAX is 0.91, 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.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Dec 27, 2000	0.85

The correlation between FELTX and WSTAX has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.

Return for Risk

FELTX vs. WSTAX — Risk / Return Rank

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

FELTX

FELTX Risk / Return Rank: 83
FELTX Sharpe Ratio Rank: 89
FELTX Sortino Ratio Rank: 73
FELTX Omega Ratio Rank: 72
FELTX Calmar Ratio Rank: 88
FELTX Martin Ratio Rank: 91

WSTAX

WSTAX Risk / Return Rank: 64
WSTAX Sharpe Ratio Rank: 68
WSTAX Sortino Ratio Rank: 53
WSTAX Omega Ratio Rank: 52
WSTAX Calmar Ratio Rank: 83
WSTAX Martin Ratio Rank: 66

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.

FELTX vs. WSTAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class M (FELTX) and Nomura Science and Technology Fund Class A (WSTAX). 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	WSTAX	Difference
Sharpe ratio: Return per unit of total volatility	2.34	1.84	+0.50
Sortino ratio: Return per unit of downside risk	2.71	2.38	+0.33
Omega ratio: Gain probability vs. loss probability	1.36	1.31	+0.05
Calmar ratio: Return relative to maximum drawdown	3.56	3.15	+0.41
Martin ratio: Return relative to average drawdown	14.30	9.79	+4.51

FELTX vs. WSTAX - Sharpe Ratio Comparison

The current FELTX Sharpe Ratio is 2.34, which is comparable to the WSTAX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of FELTX and WSTAX, 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

FELTX vs. WSTAX - Drawdown Comparison

The maximum FELTX drawdown since its inception was -71.50%, which is greater than WSTAX's maximum drawdown of -55.39%. Use the drawdown chart below to compare losses from any high point for FELTX and WSTAX.

Drawdown Indicators

	FELTX	WSTAX	Difference
Max Drawdown Largest peak-to-trough decline	-71.50%	-55.39%	-16.11%
Max Drawdown (1Y) Largest decline over 1 year	-26.92%	-16.73%	-10.19%
Max Drawdown (3Y) Largest decline over 3 years	-36.47%	-27.35%	-9.12%
Max Drawdown (5Y) Largest decline over 5 years	-46.25%	-55.39%	+9.14%
Max Drawdown (10Y) Largest decline over 10 years	-46.25%	-55.39%	+9.14%
Current Drawdown Current decline from peak	-15.49%	-5.97%	-9.52%
Average Drawdown Average peak-to-trough decline	-22.33%	-14.88%	-7.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.69%	5.38%	+1.31%

Volatility

FELTX vs. WSTAX - Volatility Comparison

Fidelity Advisor Semiconductors Fund Class M (FELTX) has a higher volatility of 16.54% compared to Nomura Science and Technology Fund Class A (WSTAX) at 9.92%. This indicates that FELTX's price experiences larger fluctuations and is considered to be riskier than WSTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FELTX	WSTAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.54%	9.92%	+6.62%
Volatility (6M) Calculated over the trailing 6-month period	34.70%	23.82%	+10.88%
Volatility (1Y) Calculated over the trailing 1-year period	40.97%	28.65%	+12.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.93%	37.67%	+2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.54%	31.03%	+4.51%

FELTX vs. WSTAX - Expense Ratio Comparison

FELTX has a 1.26% expense ratio, which is higher than WSTAX's 1.17% expense ratio.

Dividends

FELTX vs. WSTAX - Dividend Comparison

FELTX's dividend yield for the trailing twelve months is around 4.62%, less than WSTAX's 13.35% 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%
WSTAX Nomura Science and Technology Fund Class A	13.35%	18.32%	36.08%	11.62%	33.72%	42.99%	8.89%	11.48%	13.99%	6.95%	0.00%	2.50%

Frequently Asked Questions

Can I hold both FELTX and WSTAX in my portfolio?

With a correlation of 0.91, FELTX and WSTAX 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 WSTAX?

FELTX has higher volatility (16.54%) compared to WSTAX (9.92%). In terms of maximum drawdown, FELTX dropped -71.50% vs WSTAX's -55.39%.

Which has better risk-adjusted returns?

FELTX currently has the higher Sharpe Ratio (2.34 vs 1.84), 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.