FFSIX vs. VOO

Last updated Aug 1, 2026

FFSIX (Fidelity Advisor Financial Services Fund Class I) and VOO (Vanguard S&P 500 ETF) are both funds - FFSIX is a Financials Equities fund managed by BlackRock, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FFSIX returned 14.76%/yr vs 15.14%/yr for VOO. Their 0.77 correlation means they have sometimes moved together and sometimes differently. FFSIX charges 0.76%/yr vs 0.03%/yr for VOO.

Performance

FFSIX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Financial Services Fund Class I (FFSIX) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FFSIX having a 9.82% return and VOO slightly higher at 10.16%. Both investments have delivered pretty close results over the past 10 years, with FFSIX having a 14.76% annualized return and VOO not far ahead at 15.14%.

FFSIX

• 1D: 0.89%
• 1M: 3.00%
• 6M: 9.51%
• YTD: 9.82%
• 1Y: 19.84%
• 3Y*: 24.82%
• 5Y*: 14.47%
• 10Y*: 14.76%
• ALL TIME*: 8.59%

VOO

• 1D: 0.71%
• 1M: 0.26%
• 6M: 8.58%
• YTD: 10.16%
• 1Y: 21.58%
• 3Y*: 19.42%
• 5Y*: 12.83%
• 10Y*: 15.14%
• ALL TIME*: 14.78%

*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)
FFSIX Fidelity Advisor Financial Services Fund Class I	$0.00	$0.00	$0.00
VOO Vanguard S&P 500 ETF	$3.82B	$3.78B	$5.44B

FFSIX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFSIX Fidelity Advisor Financial Services Fund Class I	9.82%	15.23%	39.62%	14.33%	-8.71%	33.30%	0.06%	34.10%	-15.84%	20.23%
VOO Vanguard S&P 500 ETF	10.16%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between FFSIX and VOO is 0.52, 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.	0.52
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (5Y) Shows whether the relationship held over a longer period.	0.70
Correlation (10Y) Provides a long-term view across more market conditions.	0.70
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.77

Over the past year, the correlation between FFSIX and VOO has dropped to 0.52 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

Return for Risk

FFSIX vs. VOO — Risk / Return Rank

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

FFSIX

FFSIX Risk / Return Rank: 29
FFSIX Sharpe Ratio Rank: 31
FFSIX Sortino Ratio Rank: 30
FFSIX Omega Ratio Rank: 30
FFSIX Calmar Ratio Rank: 28
FFSIX Martin Ratio Rank: 25

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 68
VOO Sortino Ratio Rank: 65
VOO Omega Ratio Rank: 66
VOO Calmar Ratio Rank: 64
VOO Martin Ratio Rank: 76

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.

FFSIX vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Financial Services Fund Class I (FFSIX) and Vanguard S&P 500 ETF (VOO). 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.

	FFSIX	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.03	1.53	-0.51
Sortino ratio: Return per unit of downside risk	1.47	2.13	-0.66
Omega ratio: Gain probability vs. loss probability	1.19	1.28	-0.09
Calmar ratio: Return relative to maximum drawdown	1.28	2.21	-0.93
Martin ratio: Return relative to average drawdown	3.67	9.44	-5.76

FFSIX vs. VOO - Sharpe Ratio Comparison

The current FFSIX Sharpe Ratio is 1.03, which is lower than the VOO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of FFSIX and VOO, 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

FFSIX vs. VOO - Drawdown Comparison

The maximum FFSIX drawdown since its inception was -75.57%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FFSIX and VOO.

Drawdown Indicators

	FFSIX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-75.57%	-33.99%	-41.58%
Max Drawdown (1Y) Largest decline over 1 year	-12.99%	-8.90%	-4.09%
Max Drawdown (3Y) Largest decline over 3 years	-19.38%	-18.69%	-0.69%
Max Drawdown (5Y) Largest decline over 5 years	-24.92%	-24.52%	-0.40%
Max Drawdown (10Y) Largest decline over 10 years	-45.98%	-33.99%	-11.99%
Current Drawdown Current decline from peak	-0.72%	-1.38%	+0.66%
Average Drawdown Average peak-to-trough decline	-17.09%	-3.67%	-13.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.51%	2.08%	+2.43%

Volatility

FFSIX vs. VOO - Volatility Comparison

Fidelity Advisor Financial Services Fund Class I (FFSIX) has a higher volatility of 4.80% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that FFSIX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFSIX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	3.54%	+1.26%
Volatility (6M) Calculated over the trailing 6-month period	12.28%	10.10%	+2.18%
Volatility (1Y) Calculated over the trailing 1-year period	16.19%	12.82%	+3.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.91%	16.93%	+3.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.84%	18.01%	+5.83%

FFSIX vs. VOO - Expense Ratio Comparison

FFSIX has a 0.76% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

FFSIX vs. VOO - Dividend Comparison

FFSIX's dividend yield for the trailing twelve months is around 6.32%, more than VOO's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFSIX Fidelity Advisor Financial Services Fund Class I	6.32%	6.94%	9.90%	2.45%	6.01%	4.31%	2.61%	1.43%	4.23%	0.06%	0.32%	0.63%
VOO Vanguard S&P 500 ETF	1.07%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both FFSIX and VOO in my portfolio?

FFSIX and VOO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFSIX or VOO?

FFSIX has higher volatility (4.80%) compared to VOO (3.54%). In terms of maximum drawdown, FFSIX dropped -75.57% vs VOO's -33.99%.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (1.53 vs 1.03), 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.