FIKBX vs. VTCLX

Last updated Jun 24, 2026

FIKBX (Fidelity Advisor Financial Services Fund Class Z) and VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) are both mutual funds - FIKBX is a Financials Equities fund managed by BlackRock, while VTCLX is a Large Cap Blend Equities fund tracking the Russell 1000 Index. Over the past 5 years, FIKBX returned 12.10%/yr vs 12.76%/yr for VTCLX. A 0.73 correlation means they provide meaningful diversification when combined. FIKBX charges 0.64%/yr vs 0.05%/yr for VTCLX.

Performance

FIKBX vs. VTCLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Financial Services Fund Class Z (FIKBX) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIKBX achieves a 3.00% return, which is significantly lower than VTCLX's 9.59% return.

FIKBX

• 1D: 0.73%
• 1M: 4.39%
• YTD: 3.00%
• 6M: 1.41%
• 1Y: 13.53%
• 3Y*: 24.29%
• 5Y*: 12.10%
• 10Y*: —

VTCLX

• 1D: -0.40%
• 1M: 0.38%
• YTD: 9.59%
• 6M: 8.51%
• 1Y: 25.09%
• 3Y*: 20.96%
• 5Y*: 12.76%
• 10Y*: 15.64%

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

FIKBX vs. VTCLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIKBX Fidelity Advisor Financial Services Fund Class Z	3.00%	15.36%	32.80%	14.47%	-8.58%	33.43%	0.18%	34.31%	-11.43%
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares	9.59%	17.44%	23.76%	26.62%	-19.07%	26.87%	21.08%	31.47%	-10.49%

Correlation

The correlation between FIKBX and VTCLX is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.73

The correlation between FIKBX and VTCLX shifts across timeframes, from 0.59 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FIKBX vs. VTCLX — Risk / Return Rank

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

FIKBX

FIKBX Risk / Return Rank: 13
FIKBX Sharpe Ratio Rank: 14
FIKBX Sortino Ratio Rank: 13
FIKBX Omega Ratio Rank: 13
FIKBX Calmar Ratio Rank: 14
FIKBX Martin Ratio Rank: 13

VTCLX

VTCLX Risk / Return Rank: 63
VTCLX Sharpe Ratio Rank: 59
VTCLX Sortino Ratio Rank: 54
VTCLX Omega Ratio Rank: 55
VTCLX Calmar Ratio Rank: 67
VTCLX Martin Ratio Rank: 77

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.

FIKBX vs. VTCLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Financial Services Fund Class Z (FIKBX) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX). 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	VTCLX	Difference
Sharpe ratio: Return per unit of total volatility	0.96	2.09	-1.13
Sortino ratio: Return per unit of downside risk	1.38	2.84	-1.46
Omega ratio: Gain probability vs. loss probability	1.17	1.38	-0.20
Calmar ratio: Return relative to maximum drawdown	1.19	3.00	-1.81
Martin ratio: Return relative to average drawdown	3.38	13.52	-10.14

FIKBX vs. VTCLX - Sharpe Ratio Comparison

The current FIKBX Sharpe Ratio is 0.96, which is lower than the VTCLX Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of FIKBX and VTCLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIKBX vs. VTCLX - Drawdown Comparison

The maximum FIKBX drawdown since its inception was -45.95%, smaller than the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for FIKBX and VTCLX.

Drawdown Indicators

	FIKBX	VTCLX	Difference
Max Drawdown Largest peak-to-trough decline	-45.95%	-55.18%	+9.23%
Max Drawdown (1Y) Largest decline over 1 year	-12.96%	-8.79%	-4.17%
Max Drawdown (3Y) Largest decline over 3 years	-19.38%	-19.01%	-0.37%
Max Drawdown (5Y) Largest decline over 5 years	-24.82%	-24.98%	+0.16%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.56%	—
Current Drawdown Current decline from peak	-0.45%	-1.55%	+1.10%
Average Drawdown Average peak-to-trough decline	-8.06%	-7.55%	-0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.54%	1.95%	+2.59%

Volatility

FIKBX vs. VTCLX - Volatility Comparison

The current volatility for Fidelity Advisor Financial Services Fund Class Z (FIKBX) is 4.38%, while Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) has a volatility of 4.68%. This indicates that FIKBX experiences smaller price fluctuations and is considered to be less risky than VTCLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIKBX	VTCLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	4.68%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	12.20%	9.93%	+2.27%
Volatility (1Y) Calculated over the trailing 1-year period	16.09%	12.64%	+3.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.69%	17.31%	+3.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.88%	18.32%	+7.56%

FIKBX vs. VTCLX - Expense Ratio Comparison

FIKBX has a 0.64% expense ratio, which is higher than VTCLX's 0.05% expense ratio.

Dividends

FIKBX vs. VTCLX - Dividend Comparison

FIKBX's dividend yield for the trailing twelve months is around 6.91%, more than VTCLX's 0.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIKBX Fidelity Advisor Financial Services Fund Class Z	6.91%	7.11%	5.04%	2.48%	6.20%	4.43%	2.78%	1.59%	4.47%	0.00%	0.00%	0.00%
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares	0.91%	0.93%	1.04%	1.24%	1.47%	1.04%	1.32%	1.52%	1.83%	1.57%	1.76%	1.69%

Frequently Asked Questions

Can I hold both FIKBX and VTCLX in my portfolio?

FIKBX and VTCLX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIKBX or VTCLX?

VTCLX has higher volatility (4.68%) compared to FIKBX (4.38%). In terms of maximum drawdown, FIKBX dropped -45.95% vs VTCLX's -55.18%.

Which has better risk-adjusted returns?

VTCLX currently has the higher Sharpe Ratio (2.09 vs 0.96), 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.