FFONX vs. FELAX

Last updated Jul 24, 2026

FFONX (Fidelity Advisor Technology Fund Class A) and FELAX (Fidelity Advisor Semiconductors Fund Class A) are both mutual funds - FFONX is a Technology Equities fund actively managed by Fidelity, while FELAX is a Semiconductors fund actively managed by Fidelity. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. FFONX charges 0.89%/yr vs 0.94%/yr for FELAX.

Performance

FFONX vs. FELAX - Performance Comparison

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

Returns By Period

FFONX

• 1D: 0.26%
• 1M: -2.11%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FELAX

• 1D: 1.36%
• 1M: -7.77%
• 6M: 45.78%
• YTD: 61.67%
• 1Y: 103.01%
• 3Y*: 52.43%
• 5Y*: 38.24%
• 10Y*: 34.70%
• ALL TIME*: 15.01%

*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)
FELAX Fidelity Advisor Semiconductors Fund Class A	$0.00	$0.00	$0.00
FFONX Fidelity Advisor Technology Fund Class A	$0.00	$0.00	$0.00

FFONX vs. FELAX - Yearly Performance Comparison

	2026 (YTD)
FFONX Fidelity Advisor Technology Fund Class A	35.75%
FELAX Fidelity Advisor Semiconductors Fund Class A	50.08%

Correlation

The correlation between FFONX and FELAX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 16, 2026	0.91

Return for Risk

FFONX vs. FELAX — Risk / Return Rank

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

FFONX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FELAX

FELAX Risk / Return Rank: 89
FELAX Sharpe Ratio Rank: 93
FELAX Sortino Ratio Rank: 80
FELAX Omega Ratio Rank: 81
FELAX Calmar Ratio Rank: 97
FELAX Martin Ratio Rank: 97

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.

FFONX vs. FELAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Technology Fund Class A (FFONX) and Fidelity Advisor Semiconductors Fund Class A (FELAX). 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.

	FFONX	FELAX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.68	—
Sortino ratio: Return per unit of downside risk	—	2.96	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	5.44	—
Martin ratio: Return relative to average drawdown	—	19.25	—

Drawdowns

FFONX vs. FELAX - Drawdown Comparison

The maximum FFONX drawdown since its inception was -10.74%, smaller than the maximum FELAX drawdown of -71.33%. Use the drawdown chart below to compare losses from any high point for FFONX and FELAX.

Drawdown Indicators

	FFONX	FELAX	Difference
Max Drawdown Largest peak-to-trough decline	-10.74%	-71.33%	+60.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.31%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-36.43%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.15%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.15%	—
Current Drawdown Current decline from peak	-8.68%	-14.22%	+5.54%
Average Drawdown Average peak-to-trough decline	-3.25%	-21.81%	+18.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.45%	—

Volatility

Volatility by Period

	FFONX	FELAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	30.95%	39.30%	-8.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.95%	39.58%	-8.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.95%	35.33%	-4.38%

FFONX vs. FELAX - Expense Ratio Comparison

FFONX has a 0.89% expense ratio, which is lower than FELAX's 0.94% expense ratio.

Dividends

FFONX vs. FELAX - Dividend Comparison

FFONX's dividend yield for the trailing twelve months is around 2.62%, less than FELAX's 4.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELAX Fidelity Advisor Semiconductors Fund Class A	4.31%	6.96%	7.02%	3.40%	3.32%	4.34%	4.51%	1.00%	20.15%	9.67%	0.36%	10.71%
FFONX Fidelity Advisor Technology Fund Class A	2.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FFONX and FELAX in my portfolio?

With a correlation of 0.91, FFONX and FELAX 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.