FGEMX vs. FSKAX
Compare and contrast key facts about Fidelity Advisor Communication Services Class M (FGEMX) and Fidelity Total Market Index Fund (FSKAX).
FGEMX is managed by Fidelity. It was launched on Nov 30, 2018. FSKAX is managed by Fidelity.
Performance
FGEMX vs. FSKAX - Performance Comparison
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FGEMX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FGEMX Fidelity Advisor Communication Services Class M | -11.81% | 35.78% | 35.16% | 56.03% | -38.63% | 15.37% | 34.73% | 32.42% | -7.45% |
FSKAX Fidelity Total Market Index Fund | -6.77% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -9.33% |
Returns By Period
In the year-to-date period, FGEMX achieves a -11.81% return, which is significantly lower than FSKAX's -6.77% return.
FGEMX
- 1D
- -0.18%
- 1M
- -11.53%
- YTD
- -11.81%
- 6M
- -9.42%
- 1Y
- 26.29%
- 3Y*
- 27.80%
- 5Y*
- 10.35%
- 10Y*
- —
FSKAX
- 1D
- -0.47%
- 1M
- -7.69%
- YTD
- -6.77%
- 6M
- -4.56%
- 1Y
- 14.73%
- 3Y*
- 16.72%
- 5Y*
- 10.13%
- 10Y*
- 13.23%
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FGEMX vs. FSKAX - Expense Ratio Comparison
FGEMX has a 1.27% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Return for Risk
FGEMX vs. FSKAX — Risk / Return Rank
FGEMX
FSKAX
FGEMX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Communication Services Class M (FGEMX) and Fidelity Total Market Index Fund (FSKAX). 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.
| FGEMX | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 0.83 | +0.32 |
Sortino ratioReturn per unit of downside risk | 1.70 | 1.29 | +0.42 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.04 | +0.27 |
Martin ratioReturn relative to average drawdown | 5.02 | 5.05 | -0.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FGEMX | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.83 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.59 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.78 | -0.11 |
Correlation
The correlation between FGEMX and FSKAX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FGEMX vs. FSKAX - Dividend Comparison
FGEMX's dividend yield for the trailing twelve months is around 8.26%, more than FSKAX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGEMX Fidelity Advisor Communication Services Class M | 8.26% | 7.28% | 6.99% | 0.00% | 0.00% | 5.61% | 3.78% | 35.33% | 8.81% | 0.00% | 0.00% | 0.00% |
FSKAX Fidelity Total Market Index Fund | 1.09% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
FGEMX vs. FSKAX - Drawdown Comparison
The maximum FGEMX drawdown since its inception was -47.74%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FGEMX and FSKAX.
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Drawdown Indicators
| FGEMX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.74% | -35.01% | -12.73% |
Max Drawdown (1Y)Largest decline over 1 year | -16.98% | -12.42% | -4.56% |
Max Drawdown (5Y)Largest decline over 5 years | -47.74% | -25.39% | -22.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.01% | — |
Current DrawdownCurrent decline from peak | -16.98% | -8.92% | -8.06% |
Average DrawdownAverage peak-to-trough decline | -11.18% | -4.05% | -7.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 2.57% | +1.87% |
Volatility
FGEMX vs. FSKAX - Volatility Comparison
Fidelity Advisor Communication Services Class M (FGEMX) has a higher volatility of 7.07% compared to Fidelity Total Market Index Fund (FSKAX) at 4.42%. This indicates that FGEMX's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGEMX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.07% | 4.42% | +2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 13.79% | 9.40% | +4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.02% | 18.50% | +4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.13% | 17.38% | +5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.00% | 18.42% | +5.58% |