FIFOX vs. FELAX
FIFOX (Fidelity Advisor Founders Fund Class A) and FELAX (Fidelity Advisor Semiconductors Fund Class A) are both mutual funds - FIFOX is a Large Cap Growth Equities fund managed by Fidelity, while FELAX is a Semiconductors fund actively managed by Fidelity. Over the past 5 years, FIFOX returned 11.90%/yr vs 35.44%/yr for FELAX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. FIFOX charges 1.15%/yr vs 0.94%/yr for FELAX.
Performance
FIFOX vs. FELAX - Performance Comparison
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Returns By Period
In the year-to-date period, FIFOX achieves a 8.13% return, which is significantly lower than FELAX's 49.20% return.
FIFOX
- 1D
- 1.92%
- 1M
- 1.21%
- 6M
- 7.02%
- YTD
- 8.13%
- 1Y
- 14.85%
- 3Y*
- 21.52%
- 5Y*
- 11.90%
- 10Y*
- —
- ALL TIME*
- 17.44%
FELAX
- 1D
- 0.83%
- 1M
- -8.18%
- 6M
- 31.88%
- YTD
- 49.20%
- 1Y
- 86.59%
- 3Y*
- 46.82%
- 5Y*
- 35.44%
- 10Y*
- 33.49%
- ALL TIME*
- 14.63%
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 |
FIFOX vs. FELAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FIFOX Fidelity Advisor Founders Fund Class A | 8.13% | 15.98% | 36.15% | 33.53% | -26.85% | 18.67% | 46.72% | 13.79% |
FELAX Fidelity Advisor Semiconductors Fund Class A | 49.20% | 44.88% | 43.74% | 75.08% | -35.07% | 57.50% | 43.57% | 36.78% |
Correlation
The correlation between FIFOX and FELAX is 0.71, 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. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.78 |
The correlation between FIFOX and FELAX has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.
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Return for Risk
FIFOX vs. FELAX — Risk / Return Rank
FIFOX
FELAX
FIFOX vs. FELAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Founders Fund Class A (FIFOX) and Fidelity Advisor Semiconductors Fund Class A (FELAX). 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.
| FIFOX | FELAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.33 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 3.15 | -2.14 |
| Martin ratioReturn relative to average drawdown | 3.83 | 13.03 | -9.21 |
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Drawdowns
FIFOX vs. FELAX - Drawdown Comparison
The maximum FIFOX drawdown since its inception was -32.69%, smaller than the maximum FELAX drawdown of -71.33%. Use the drawdown chart below to compare losses from any high point for FIFOX and FELAX.
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Drawdown Indicators
| FIFOX | FELAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.69% | -71.33% | +38.64% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -26.90% | +14.54% |
Max Drawdown (3Y)Largest decline over 3 years | -23.30% | -36.43% | +13.13% |
Max Drawdown (5Y)Largest decline over 5 years | -32.69% | -46.15% | +13.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.15% | — |
Current DrawdownCurrent decline from peak | -1.58% | -20.84% | +19.26% |
Average DrawdownAverage peak-to-trough decline | -7.96% | -21.81% | +13.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 6.49% | -3.22% |
Volatility
FIFOX vs. FELAX - Volatility Comparison
The current volatility for Fidelity Advisor Founders Fund Class A (FIFOX) is 4.64%, while Fidelity Advisor Semiconductors Fund Class A (FELAX) has a volatility of 16.32%. This indicates that FIFOX experiences smaller price fluctuations and is considered to be less risky than FELAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIFOX | FELAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 16.32% | -11.68% |
Volatility (6M)Calculated over the trailing 6-month period | 13.05% | 34.46% | -21.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.05% | 40.69% | -24.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.32% | 39.83% | -18.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.48% | 35.48% | -13.00% |
FIFOX vs. FELAX - Expense Ratio Comparison
FIFOX has a 1.15% expense ratio, which is higher than FELAX's 0.94% expense ratio.
Dividends
FIFOX vs. FELAX - Dividend Comparison
FIFOX's dividend yield for the trailing twelve months is around 2.42%, less than FELAX's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FELAX Fidelity Advisor Semiconductors Fund Class A | 4.67% | 6.96% | 7.02% | 3.40% | 3.32% | 4.34% | 4.51% | 1.00% | 20.15% | 9.67% | 0.36% | 10.71% |
FIFOX Fidelity Advisor Founders Fund Class A | 2.42% | 2.44% | 6.38% | 0.00% | 2.42% | 5.91% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FIFOX and FELAX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FELAX has higher volatility (16.32%) compared to FIFOX (4.64%). In terms of maximum drawdown, FIFOX dropped -32.69% vs FELAX's -71.33%.
FELAX currently has the higher Sharpe Ratio (2.08 vs 0.78), 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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