FIIAX vs. TARKX

Last updated Jun 6, 2026

FIIAX (Fidelity Advisor Mid Cap II Fund Class A) and TARKX (Tarkio Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, FIIAX returned 11.93%/yr vs 14.98%/yr for TARKX. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 1.00% expense ratio.

Performance

FIIAX vs. TARKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Mid Cap II Fund Class A (FIIAX) and Tarkio Fund (TARKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FIIAX having a 22.31% return and TARKX slightly higher at 22.81%. Over the past 10 years, FIIAX has underperformed TARKX with an annualized return of 11.93%, while TARKX has yielded a comparatively higher 14.98% annualized return.

FIIAX

• 1D: 1.00%
• 1M: 1.43%
• YTD: 22.31%
• 6M: 21.96%
• 1Y: 39.44%
• 3Y*: 19.76%
• 5Y*: 9.95%
• 10Y*: 11.93%

TARKX

• 1D: 0.12%
• 1M: 1.41%
• YTD: 22.81%
• 6M: 23.15%
• 1Y: 61.40%
• 3Y*: 29.63%
• 5Y*: 10.65%
• 10Y*: 14.98%

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

FIIAX vs. TARKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIIAX Fidelity Advisor Mid Cap II Fund Class A	22.31%	7.21%	16.96%	14.68%	-15.04%	24.94%	18.34%	23.32%	-15.21%	20.32%
TARKX Tarkio Fund	22.81%	30.18%	21.72%	26.33%	-30.39%	24.41%	27.00%	29.54%	-23.30%	29.04%

Correlation

The correlation between FIIAX and TARKX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jul 1, 2011	0.88

The correlation between FIIAX and TARKX has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.

Return for Risk

FIIAX vs. TARKX — Risk / Return Rank

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

FIIAX

FIIAX Risk / Return Rank: 72
FIIAX Sharpe Ratio Rank: 66
FIIAX Sortino Ratio Rank: 60
FIIAX Omega Ratio Rank: 58
FIIAX Calmar Ratio Rank: 86
FIIAX Martin Ratio Rank: 88

TARKX

TARKX Risk / Return Rank: 63
TARKX Sharpe Ratio Rank: 61
TARKX Sortino Ratio Rank: 51
TARKX Omega Ratio Rank: 49
TARKX Calmar Ratio Rank: 82
TARKX Martin Ratio Rank: 74

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.

FIIAX vs. TARKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mid Cap II Fund Class A (FIIAX) and Tarkio Fund (TARKX). 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.

	FIIAX	TARKX	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.25	+0.07
Sortino ratio: Return per unit of downside risk	3.16	2.92	+0.24
Omega ratio: Gain probability vs. loss probability	1.41	1.37	+0.04
Calmar ratio: Return relative to maximum drawdown	4.05	3.63	+0.42
Martin ratio: Return relative to average drawdown	16.29	13.51	+2.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIIAX vs. TARKX - Sharpe Ratio Comparison

The current FIIAX Sharpe Ratio is 2.32, which is comparable to the TARKX Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of FIIAX and TARKX, 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

	FIIAX	TARKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	2.25	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.39	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.56	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.55	-0.02

Drawdowns

FIIAX vs. TARKX - Drawdown Comparison

The maximum FIIAX drawdown since its inception was -53.35%, which is greater than TARKX's maximum drawdown of -40.55%. Use the drawdown chart below to compare losses from any high point for FIIAX and TARKX.

Drawdown Indicators

	FIIAX	TARKX	Difference
Max Drawdown Largest peak-to-trough decline	-53.35%	-40.55%	-12.80%
Max Drawdown (1Y) Largest decline over 1 year	-9.83%	-16.99%	+7.16%
Max Drawdown (3Y) Largest decline over 3 years	-28.25%	-36.99%	+8.74%
Max Drawdown (5Y) Largest decline over 5 years	-28.25%	-40.38%	+12.13%
Max Drawdown (10Y) Largest decline over 10 years	-42.33%	-40.55%	-1.78%
Current Drawdown Current decline from peak	0.00%	-1.55%	+1.55%
Average Drawdown Average peak-to-trough decline	-8.20%	-10.36%	+2.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	4.56%	-2.12%

Volatility

FIIAX vs. TARKX - Volatility Comparison

The current volatility for Fidelity Advisor Mid Cap II Fund Class A (FIIAX) is 4.88%, while Tarkio Fund (TARKX) has a volatility of 8.53%. This indicates that FIIAX experiences smaller price fluctuations and is considered to be less risky than TARKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIIAX	TARKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	8.53%	-3.65%
Volatility (6M) Calculated over the trailing 6-month period	13.75%	21.01%	-7.26%
Volatility (1Y) Calculated over the trailing 1-year period	17.18%	27.45%	-10.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.34%	27.55%	-7.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.03%	26.67%	-5.64%

FIIAX vs. TARKX - Expense Ratio Comparison

Both FIIAX and TARKX have an expense ratio of 1.00%.

Dividends

FIIAX vs. TARKX - Dividend Comparison

FIIAX's dividend yield for the trailing twelve months is around 5.77%, more than TARKX's 4.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIIAX Fidelity Advisor Mid Cap II Fund Class A	5.77%	6.21%	6.89%	2.59%	5.68%	18.94%	1.12%	3.21%	10.53%	7.60%	8.69%	4.74%
TARKX Tarkio Fund	4.48%	5.50%	1.51%	2.98%	10.62%	1.40%	0.50%	5.21%	3.34%	1.70%	0.47%	0.36%

Frequently Asked Questions

Can I hold both FIIAX and TARKX in my portfolio?

FIIAX and TARKX 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.

Which is riskier, FIIAX or TARKX?

TARKX has higher volatility (8.53%) compared to FIIAX (4.88%). In terms of maximum drawdown, FIIAX dropped -53.35% vs TARKX's -40.55%.

Which has better risk-adjusted returns?

FIIAX currently has the higher Sharpe Ratio (2.32 vs 2.25), 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.