Correlation
The correlation between FIKAX and XLE is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
FIKAX vs. XLE
Compare and contrast key facts about Fidelity Advisor Energy Fund Class Z (FIKAX) and Energy Select Sector SPDR Fund (XLE).
FIKAX is managed by Fidelity. It was launched on Oct 2, 2018. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIKAX or XLE.
Performance
FIKAX vs. XLE - Performance Comparison
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Key characteristics
FIKAX:
-0.42
XLE:
-0.29
FIKAX:
-0.46
XLE:
-0.30
FIKAX:
0.93
XLE:
0.96
FIKAX:
-0.48
XLE:
-0.44
FIKAX:
-1.50
XLE:
-1.11
FIKAX:
8.27%
XLE:
7.90%
FIKAX:
26.61%
XLE:
25.24%
FIKAX:
-71.09%
XLE:
-71.54%
FIKAX:
-16.70%
XLE:
-14.82%
Returns By Period
The year-to-date returns for both stocks are quite close, with FIKAX having a -4.05% return and XLE slightly lower at -4.08%.
FIKAX
-4.05%
3.30%
-11.37%
-12.86%
0.84%
22.47%
N/A
XLE
-4.08%
0.90%
-13.27%
-9.64%
1.39%
20.92%
4.39%
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FIKAX vs. XLE - Expense Ratio Comparison
FIKAX has a 0.63% expense ratio, which is higher than XLE's 0.13% expense ratio.
Risk-Adjusted Performance
FIKAX vs. XLE — Risk-Adjusted Performance Rank
FIKAX
XLE
FIKAX vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Energy Fund Class Z (FIKAX) and Energy Select Sector SPDR Fund (XLE). 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.
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Dividends
FIKAX vs. XLE - Dividend Comparison
FIKAX's dividend yield for the trailing twelve months is around 1.09%, less than XLE's 3.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKAX Fidelity Advisor Energy Fund Class Z | 1.09% | 1.05% | 2.29% | 2.29% | 2.43% | 3.54% | 2.02% | 1.55% | 0.00% | 0.00% | 0.00% | 0.00% |
XLE Energy Select Sector SPDR Fund | 3.51% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% |
Drawdowns
FIKAX vs. XLE - Drawdown Comparison
The maximum FIKAX drawdown since its inception was -71.09%, roughly equal to the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for FIKAX and XLE.
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Volatility
FIKAX vs. XLE - Volatility Comparison
Fidelity Advisor Energy Fund Class Z (FIKAX) has a higher volatility of 5.71% compared to Energy Select Sector SPDR Fund (XLE) at 5.36%. This indicates that FIKAX's price experiences larger fluctuations and is considered to be riskier than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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