FIKBX vs. SFPAX
FIKBX (Fidelity Advisor Financial Services Fund Class Z) and SFPAX (Saratoga Financial Service Fund) are both Financials Equities funds from BlackRock. Over the past 5 years, FIKBX returned 13.47%/yr vs 6.22%/yr for SFPAX. Their correlation of 0.94 means they have usually moved in the same direction. FIKBX charges 0.64%/yr vs 3.81%/yr for SFPAX.
Performance
FIKBX vs. SFPAX - Performance Comparison
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Returns By Period
FIKBX
- 1D
- 0.19%
- 1M
- 3.19%
- 6M
- 8.70%
- YTD
- 10.09%
- 1Y
- 20.21%
- 3Y*
- 23.08%
- 5Y*
- 13.47%
- 10Y*
- —
- ALL TIME*
- 14.17%
SFPAX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 2.51%
- 3Y*
- 15.10%
- 5Y*
- 6.22%
- 10Y*
- 9.04%
- ALL TIME*
- 3.28%
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 |
FIKBX vs. SFPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIKBX Fidelity Advisor Financial Services Fund Class Z | 10.09% | 15.36% | 32.80% | 14.47% | -8.58% | 33.43% | 0.18% | 34.31% | -11.43% |
SFPAX Saratoga Financial Service Fund | 0.00% | 7.00% | 26.05% | 10.58% | -14.36% | 31.17% | -5.81% | 29.63% | -12.97% |
Correlation
The correlation between FIKBX and SFPAX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.94 |
Over the past year, the correlation between FIKBX and SFPAX has dropped to 0.46 - well below their long-term average of 0.94, suggesting their price drivers have been diverging.
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Return for Risk
FIKBX vs. SFPAX — Risk / Return Rank
FIKBX
SFPAX
FIKBX vs. SFPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Financial Services Fund Class Z (FIKBX) and Saratoga Financial Service Fund (SFPAX). 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.
| FIKBX | SFPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.98 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | -0.21 | +1.56 |
| Martin ratioReturn relative to average drawdown | 3.90 | -0.42 | +4.32 |
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Drawdowns
FIKBX vs. SFPAX - Drawdown Comparison
The maximum FIKBX drawdown since its inception was -45.95%, smaller than the maximum SFPAX drawdown of -71.98%. Use the drawdown chart below to compare losses from any high point for FIKBX and SFPAX.
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Drawdown Indicators
| FIKBX | SFPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.95% | -71.98% | +26.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.96% | -4.86% | -8.10% |
Max Drawdown (3Y)Largest decline over 3 years | -19.38% | -17.92% | -1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -24.82% | -27.51% | +2.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.64% | — |
Current DrawdownCurrent decline from peak | -0.56% | -2.65% | +2.09% |
Average DrawdownAverage peak-to-trough decline | -7.96% | -20.91% | +12.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 2.32% | +2.18% |
Volatility
FIKBX vs. SFPAX - Volatility Comparison
Fidelity Advisor Financial Services Fund Class Z (FIKBX) has a higher volatility of 4.51% compared to Saratoga Financial Service Fund (SFPAX) at 0.00%. This indicates that FIKBX's price experiences larger fluctuations and is considered to be riskier than SFPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIKBX | SFPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 0.00% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 12.20% | 1.96% | +10.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.18% | 9.20% | +6.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.53% | 18.73% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.76% | 22.51% | +3.25% |
FIKBX vs. SFPAX - Expense Ratio Comparison
FIKBX has a 0.64% expense ratio, which is lower than SFPAX's 3.81% expense ratio.
Dividends
FIKBX vs. SFPAX - Dividend Comparison
FIKBX's dividend yield for the trailing twelve months is around 6.46%, while SFPAX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FIKBX Fidelity Advisor Financial Services Fund Class Z | 6.46% | 7.11% | 5.04% | 2.48% | 6.20% | 4.43% | 2.78% | 1.59% | 4.47% |
SFPAX Saratoga Financial Service Fund | 0.00% | 0.00% | 5.91% | 5.05% | 5.71% | 5.03% | 4.18% | 7.10% | 22.58% |
Frequently Asked Questions
FIKBX and SFPAX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIKBX has higher volatility (4.51%) compared to SFPAX (0.00%). In terms of maximum drawdown, FIKBX dropped -45.95% vs SFPAX's -71.98%.
FIKBX currently has the higher Sharpe Ratio (1.09 vs -0.11), 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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