FGJMX vs. FGEMX

Last updated Jun 3, 2026

FGJMX (Fidelity Advisor Communication Services Class I) and FGEMX (Fidelity Advisor Communication Services Class M) are both Communications Equities funds from Fidelity. Over the past 5 years, FGJMX returned 14.40%/yr vs 13.65%/yr for FGEMX. With a 1.00 correlation, they move nearly in lockstep. FGJMX charges 0.75%/yr vs 1.27%/yr for FGEMX.

Performance

FGJMX vs. FGEMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Communication Services Class I (FGJMX) and Fidelity Advisor Communication Services Class M (FGEMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FGJMX having a 10.72% return and FGEMX slightly lower at 10.49%.

FGJMX

• 1D: -1.12%
• 1M: 3.45%
• YTD: 10.72%
• 6M: 12.62%
• 1Y: 41.04%
• 3Y*: 34.97%
• 5Y*: 14.40%
• 10Y*: —

FGEMX

• 1D: -1.13%
• 1M: 3.40%
• YTD: 10.49%
• 6M: 12.34%
• 1Y: 40.34%
• 3Y*: 33.99%
• 5Y*: 13.65%
• 10Y*: —

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

FGJMX vs. FGEMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FGJMX Fidelity Advisor Communication Services Class I	10.72%	37.24%	35.98%	56.89%	-38.29%	15.96%	35.51%	33.18%	-7.40%
FGEMX Fidelity Advisor Communication Services Class M	10.49%	35.78%	35.16%	56.03%	-38.63%	15.37%	34.73%	32.42%	-7.45%

Correlation

The correlation between FGJMX and FGEMX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Dec 3, 2018	1.00

The correlation between FGJMX and FGEMX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FGJMX vs. FGEMX — Risk / Return Rank

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

FGJMX

FGJMX Risk / Return Rank: 50
FGJMX Sharpe Ratio Rank: 58
FGJMX Sortino Ratio Rank: 52
FGJMX Omega Ratio Rank: 50
FGJMX Calmar Ratio Rank: 45
FGJMX Martin Ratio Rank: 46

FGEMX

FGEMX Risk / Return Rank: 49
FGEMX Sharpe Ratio Rank: 57
FGEMX Sortino Ratio Rank: 50
FGEMX Omega Ratio Rank: 49
FGEMX Calmar Ratio Rank: 43
FGEMX Martin Ratio Rank: 45

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.

FGJMX vs. FGEMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Communication Services Class I (FGJMX) and Fidelity Advisor Communication Services Class M (FGEMX). 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.

	FGJMX	FGEMX	Difference
Sharpe ratio Return per unit of total volatility	2.25	2.22	+0.04
Sortino ratio Return per unit of downside risk	3.04	2.99	+0.04
Omega ratio Gain probability vs. loss probability	1.39	1.39	+0.01
Calmar ratio Return relative to maximum drawdown	2.56	2.51	+0.05
Martin ratio Return relative to average drawdown	9.71	9.50	+0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGJMX vs. FGEMX - Sharpe Ratio Comparison

The current FGJMX Sharpe Ratio is 2.25, which is comparable to the FGEMX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of FGJMX and FGEMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FGJMX	FGEMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	2.22	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.59	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.80	+0.03

Drawdowns

FGJMX vs. FGEMX - Drawdown Comparison

The maximum FGJMX drawdown since its inception was -47.41%, roughly equal to the maximum FGEMX drawdown of -47.74%. Use the drawdown chart below to compare losses from any high point for FGJMX and FGEMX.

Drawdown Indicators

	FGJMX	FGEMX	Difference
Max Drawdown Largest peak-to-trough decline	-47.41%	-47.74%	+0.33%
Max Drawdown (1Y) Largest decline over 1 year	-16.91%	-16.98%	+0.07%
Max Drawdown (3Y) Largest decline over 3 years	-23.20%	-23.26%	+0.06%
Max Drawdown (5Y) Largest decline over 5 years	-47.41%	-47.74%	+0.33%
Current Drawdown Current decline from peak	-2.39%	-2.39%	0.00%
Average Drawdown Average peak-to-trough decline	-10.75%	-10.98%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	4.48%	-0.02%

Volatility

FGJMX vs. FGEMX - Volatility Comparison

Fidelity Advisor Communication Services Class I (FGJMX) and Fidelity Advisor Communication Services Class M (FGEMX) have volatilities of 4.62% and 4.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGJMX	FGEMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	4.62%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	13.88%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	19.03%	19.03%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.26%	23.24%	+0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.96%	23.94%	+0.02%

FGJMX vs. FGEMX - Expense Ratio Comparison

FGJMX has a 0.75% expense ratio, which is lower than FGEMX's 1.27% expense ratio.

Dividends

FGJMX vs. FGEMX - Dividend Comparison

FGJMX's dividend yield for the trailing twelve months is around 12.15%, more than FGEMX's 12.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FGEMX Fidelity Advisor Communication Services Class M	12.00%	7.28%	6.99%	0.00%	0.00%	5.61%	3.78%	35.33%	8.81%
FGJMX Fidelity Advisor Communication Services Class I	12.15%	8.34%	7.12%	0.00%	0.00%	5.92%	3.74%	35.50%	8.87%

Frequently Asked Questions

Can I hold both FGJMX and FGEMX in my portfolio?

With a correlation of 1.00, FGJMX and FGEMX 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.

Which is riskier, FGJMX or FGEMX?

FGEMX has higher volatility (4.62%) compared to FGJMX (4.62%). In terms of maximum drawdown, FGJMX dropped -47.41% vs FGEMX's -47.74%.

Which has better risk-adjusted returns?

FGJMX currently has the higher Sharpe Ratio (2.25 vs 2.22), 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.