FGEMX vs. PRMTX
FGEMX (Fidelity Advisor Communication Services Class M) and PRMTX (T. Rowe Price Communications & Technology Fund) are both Communications Equities funds. Over the past 5 years, FGEMX returned 11.38%/yr vs 3.76%/yr for PRMTX. Their correlation of 0.87 means they have usually moved in the same direction. FGEMX charges 1.27%/yr vs 0.77%/yr for PRMTX.
Performance
FGEMX vs. PRMTX - Performance Comparison
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Returns By Period
In the year-to-date period, FGEMX achieves a 4.24% return, which is significantly higher than PRMTX's -5.68% return.
FGEMX
- 1D
- 1.67%
- 1M
- -4.18%
- 6M
- -0.22%
- YTD
- 4.24%
- 1Y
- 19.15%
- 3Y*
- 27.01%
- 5Y*
- 11.38%
- 10Y*
- —
- ALL TIME*
- 17.71%
PRMTX
- 1D
- 0.26%
- 1M
- -4.76%
- 6M
- -4.31%
- YTD
- -5.68%
- 1Y
- -6.33%
- 3Y*
- 17.49%
- 5Y*
- 3.76%
- 10Y*
- 14.06%
- ALL TIME*
- 14.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FGEMX vs. PRMTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FGEMX Fidelity Advisor Communication Services Class M | 4.24% | 35.78% | 35.16% | 56.03% | -38.63% | 15.37% | 34.73% | 32.42% | -7.45% |
PRMTX T. Rowe Price Communications & Technology Fund | -5.68% | 6.86% | 48.75% | 39.30% | -40.90% | 9.81% | 53.69% | 35.69% | -6.64% |
Correlation
The correlation between FGEMX and PRMTX is 0.79, 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. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2018 | 0.87 |
The correlation between FGEMX and PRMTX has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.
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Return for Risk
FGEMX vs. PRMTX — Risk / Return Rank
FGEMX
PRMTX
FGEMX vs. PRMTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Communication Services Class M (FGEMX) 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.
| FGEMX | PRMTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.94 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | -0.44 | +1.38 |
| Martin ratioReturn relative to average drawdown | 3.17 | -0.94 | +4.11 |
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Drawdowns
FGEMX vs. PRMTX - Drawdown Comparison
The maximum FGEMX drawdown since its inception was -47.74%, smaller than the maximum PRMTX drawdown of -66.30%. Use the drawdown chart below to compare losses from any high point for FGEMX and PRMTX.
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Drawdown Indicators
| FGEMX | PRMTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.74% | -66.30% | +18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -16.98% | -17.29% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -23.26% | -20.69% | -2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -47.74% | -47.17% | -0.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.17% | — |
Current DrawdownCurrent decline from peak | -7.91% | -13.12% | +5.21% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -13.92% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.03% | 8.07% | -3.04% |
Volatility
FGEMX vs. PRMTX - Volatility Comparison
Fidelity Advisor Communication Services Class M (FGEMX) has a higher volatility of 6.55% compared to T. Rowe Price Communications & Technology Fund (PRMTX) at 5.72%. This indicates that FGEMX'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.
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Volatility by Period
| FGEMX | PRMTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.55% | 5.72% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 16.04% | 13.43% | +2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.56% | 16.16% | +4.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.49% | 21.78% | +1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.94% | 20.99% | +2.95% |
FGEMX vs. PRMTX - Expense Ratio Comparison
FGEMX has a 1.27% expense ratio, which is higher than PRMTX's 0.77% expense ratio.
Dividends
FGEMX vs. PRMTX - Dividend Comparison
FGEMX's dividend yield for the trailing twelve months is around 12.72%, less than PRMTX's 26.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGEMX Fidelity Advisor Communication Services Class M | 12.72% | 7.28% | 6.99% | 0.00% | 0.00% | 5.61% | 3.78% | 35.33% | 8.81% | 0.00% | 0.00% | 0.00% |
PRMTX T. Rowe Price Communications & Technology Fund | 26.74% | 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
FGEMX and PRMTX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGEMX has higher volatility (6.55%) compared to PRMTX (5.72%). In terms of maximum drawdown, FGEMX dropped -47.74% vs PRMTX's -66.30%.
FGEMX currently has the higher Sharpe Ratio (0.78 vs -0.47), 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.
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