FGDMX vs. PRMTX

Last updated Jul 16, 2026

FGDMX (Fidelity Advisor Communication Services Class A) and PRMTX (T. Rowe Price Communications & Technology Fund) are both Communications Equities funds. Over the past 5 years, FGDMX returned 13.53%/yr vs 5.14%/yr for PRMTX. Their correlation of 0.88 suggests significant overlap in exposure. FGDMX charges 1.03%/yr vs 0.77%/yr for PRMTX.

Performance

FGDMX vs. PRMTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Communication Services Class A (FGDMX) and T. Rowe Price Communications & Technology Fund (PRMTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGDMX achieves a 10.87% return, which is significantly higher than PRMTX's 0.23% return.

FGDMX

• 1D: 0.43%
• 1M: 1.61%
• 6M: 9.45%
• YTD: 10.87%
• 1Y: 29.22%
• 3Y*: 31.07%
• 5Y*: 13.53%
• 10Y*: —

PRMTX

• 1D: 1.07%
• 1M: -2.57%
• 6M: 1.55%
• YTD: 0.23%
• 1Y: -1.25%
• 3Y*: 20.05%
• 5Y*: 5.14%
• 10Y*: 14.93%

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

FGDMX vs. PRMTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FGDMX Fidelity Advisor Communication Services Class A	10.87%	36.36%	35.46%	56.40%	-38.47%	15.63%	35.07%	32.77%	-7.41%
PRMTX T. Rowe Price Communications & Technology Fund	0.23%	6.86%	48.75%	39.30%	-40.90%	9.81%	53.69%	35.69%	-6.64%

Correlation

The correlation between FGDMX and PRMTX is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Nov 30, 2018	0.88

The correlation between FGDMX and PRMTX has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.

Return for Risk

FGDMX vs. PRMTX — Risk / Return Rank

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

FGDMX

FGDMX Risk / Return Rank: 40
FGDMX Sharpe Ratio Rank: 44
FGDMX Sortino Ratio Rank: 43
FGDMX Omega Ratio Rank: 42
FGDMX Calmar Ratio Rank: 34
FGDMX Martin Ratio Rank: 35

PRMTX

PRMTX Risk / Return Rank: 3
PRMTX Sharpe Ratio Rank: 3
PRMTX Sortino Ratio Rank: 3
PRMTX Omega Ratio Rank: 3
PRMTX Calmar Ratio Rank: 3
PRMTX Martin Ratio Rank: 3

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.

FGDMX vs. PRMTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Communication Services Class A (FGDMX) and T. Rowe Price Communications & Technology Fund (PRMTX). 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.

	FGDMX	PRMTX	Difference
Sharpe ratio: Return per unit of total volatility	1.47	-0.11	+1.58
Sortino ratio: Return per unit of downside risk	2.07	-0.04	+2.11
Omega ratio: Gain probability vs. loss probability	1.26	1.00	+0.27
Calmar ratio: Return relative to maximum drawdown	1.72	-0.10	+1.81
Martin ratio: Return relative to average drawdown	6.06	-0.22	+6.28

FGDMX vs. PRMTX - Sharpe Ratio Comparison

The current FGDMX Sharpe Ratio is 1.47, which is higher than the PRMTX Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of FGDMX and PRMTX, 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

FGDMX vs. PRMTX - Drawdown Comparison

The maximum FGDMX drawdown since its inception was -47.60%, smaller than the maximum PRMTX drawdown of -66.30%. Use the drawdown chart below to compare losses from any high point for FGDMX and PRMTX.

Drawdown Indicators

	FGDMX	PRMTX	Difference
Max Drawdown Largest peak-to-trough decline	-47.60%	-66.30%	+18.70%
Max Drawdown (1Y) Largest decline over 1 year	-16.94%	-17.29%	+0.35%
Max Drawdown (3Y) Largest decline over 3 years	-23.23%	-20.69%	-2.54%
Max Drawdown (5Y) Largest decline over 5 years	-47.60%	-47.17%	-0.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.17%	—
Current Drawdown Current decline from peak	-2.16%	-7.68%	+5.52%
Average Drawdown Average peak-to-trough decline	-10.78%	-13.93%	+3.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.78%	7.62%	-2.84%

Volatility

FGDMX vs. PRMTX - Volatility Comparison

Fidelity Advisor Communication Services Class A (FGDMX) has a higher volatility of 6.76% compared to T. Rowe Price Communications & Technology Fund (PRMTX) at 6.31%. This indicates that FGDMX's price experiences larger fluctuations and is considered to be riskier than PRMTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGDMX	PRMTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.76%	6.31%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	15.43%	12.87%	+2.56%
Volatility (1Y) Calculated over the trailing 1-year period	19.77%	15.65%	+4.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.45%	21.73%	+1.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.92%	20.94%	+2.98%

FGDMX vs. PRMTX - Expense Ratio Comparison

FGDMX has a 1.03% expense ratio, which is higher than PRMTX's 0.77% expense ratio.

Dividends

FGDMX vs. PRMTX - Dividend Comparison

FGDMX's dividend yield for the trailing twelve months is around 12.03%, less than PRMTX's 25.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGDMX Fidelity Advisor Communication Services Class A	12.03%	7.66%	6.90%	0.00%	0.00%	5.73%	3.76%	35.47%	8.84%	0.00%	0.00%	0.00%
PRMTX T. Rowe Price Communications & Technology Fund	25.17%	25.23%	14.78%	7.74%	17.50%	8.35%	5.29%	2.45%	1.28%	2.35%	2.24%	3.20%

Frequently Asked Questions

Can I hold both FGDMX and PRMTX in my portfolio?

FGDMX and PRMTX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGDMX or PRMTX?

FGDMX has higher volatility (6.76%) compared to PRMTX (6.31%). In terms of maximum drawdown, FGDMX dropped -47.60% vs PRMTX's -66.30%.

Which has better risk-adjusted returns?

FGDMX currently has the higher Sharpe Ratio (1.47 vs -0.11), 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.