FIKEX vs. FCLTX

Last updated Jun 3, 2026

FIKEX (Fidelity Advisor Industrials Fund Class Z) and FCLTX (Fidelity Advisor Industrials Fund Class M) are both Industrials Equities funds from Fidelity. Over the past 5 years, FIKEX returned 15.40%/yr vs 15.59%/yr for FCLTX. With a 1.00 correlation, they move nearly in lockstep. FIKEX charges 0.63%/yr vs 1.27%/yr for FCLTX.

Performance

FIKEX vs. FCLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Industrials Fund Class Z (FIKEX) and Fidelity Advisor Industrials Fund Class M (FCLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FIKEX having a 12.63% return and FCLTX slightly lower at 12.35%.

FIKEX

• 1D: -0.94%
• 1M: -0.75%
• YTD: 12.63%
• 6M: 14.50%
• 1Y: 26.65%
• 3Y*: 27.59%
• 5Y*: 15.40%
• 10Y*: —

FCLTX

• 1D: -0.93%
• 1M: -0.78%
• YTD: 12.35%
• 6M: 14.17%
• 1Y: 25.87%
• 3Y*: 28.50%
• 5Y*: 15.59%
• 10Y*: 13.42%

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

FIKEX vs. FCLTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIKEX Fidelity Advisor Industrials Fund Class Z	12.63%	24.94%	23.55%	23.14%	-10.29%	16.77%	11.62%	28.30%	-16.06%
FCLTX Fidelity Advisor Industrials Fund Class M	12.35%	24.14%	27.80%	22.34%	-10.87%	15.97%	10.89%	27.44%	-15.27%

Correlation

The correlation between FIKEX and FCLTX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Oct 18, 2018	1.00

The correlation between FIKEX and FCLTX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FIKEX vs. FCLTX — Risk / Return Rank

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

FIKEX

FIKEX Risk / Return Rank: 28
FIKEX Sharpe Ratio Rank: 26
FIKEX Sortino Ratio Rank: 27
FIKEX Omega Ratio Rank: 23
FIKEX Calmar Ratio Rank: 28
FIKEX Martin Ratio Rank: 37

FCLTX

FCLTX Risk / Return Rank: 27
FCLTX Sharpe Ratio Rank: 24
FCLTX Sortino Ratio Rank: 25
FCLTX Omega Ratio Rank: 22
FCLTX Calmar Ratio Rank: 27
FCLTX Martin Ratio Rank: 35

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.

FIKEX vs. FCLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Industrials Fund Class Z (FIKEX) and Fidelity Advisor Industrials Fund Class M (FCLTX). 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.

	FIKEX	FCLTX	Difference
Sharpe ratio Return per unit of total volatility	1.46	1.42	+0.04
Sortino ratio Return per unit of downside risk	2.16	2.11	+0.06
Omega ratio Gain probability vs. loss probability	1.25	1.24	+0.01
Calmar ratio Return relative to maximum drawdown	2.02	1.96	+0.07
Martin ratio Return relative to average drawdown	8.25	7.94	+0.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIKEX vs. FCLTX - Sharpe Ratio Comparison

The current FIKEX Sharpe Ratio is 1.46, which is comparable to the FCLTX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of FIKEX and FCLTX, 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

	FIKEX	FCLTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	1.42	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.75	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.50	+0.10

Drawdowns

FIKEX vs. FCLTX - Drawdown Comparison

The maximum FIKEX drawdown since its inception was -42.69%, smaller than the maximum FCLTX drawdown of -61.07%. Use the drawdown chart below to compare losses from any high point for FIKEX and FCLTX.

Drawdown Indicators

	FIKEX	FCLTX	Difference
Max Drawdown Largest peak-to-trough decline	-42.69%	-61.07%	+18.38%
Max Drawdown (1Y) Largest decline over 1 year	-13.08%	-13.12%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-21.26%	-21.35%	+0.09%
Max Drawdown (5Y) Largest decline over 5 years	-26.30%	-26.59%	+0.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.73%	—
Current Drawdown Current decline from peak	-3.40%	-3.42%	+0.02%
Average Drawdown Average peak-to-trough decline	-6.39%	-8.36%	+1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	3.24%	-0.03%

Volatility

FIKEX vs. FCLTX - Volatility Comparison

Fidelity Advisor Industrials Fund Class Z (FIKEX) and Fidelity Advisor Industrials Fund Class M (FCLTX) have volatilities of 5.99% and 5.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIKEX	FCLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.99%	5.98%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	15.06%	15.07%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	18.28%	18.28%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.65%	20.86%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.38%	21.50%	+1.88%

FIKEX vs. FCLTX - Expense Ratio Comparison

FIKEX has a 0.63% expense ratio, which is lower than FCLTX's 1.27% expense ratio.

Dividends

FIKEX vs. FCLTX - Dividend Comparison

FIKEX's dividend yield for the trailing twelve months is around 1.40%, less than FCLTX's 1.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCLTX Fidelity Advisor Industrials Fund Class M	1.62%	1.82%	7.91%	8.95%	3.54%	22.27%	0.60%	7.40%	12.19%	2.81%	5.59%	9.09%
FIKEX Fidelity Advisor Industrials Fund Class Z	1.40%	1.58%	4.19%	8.12%	3.36%	20.95%	0.55%	7.51%	11.09%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIKEX and FCLTX in my portfolio?

With a correlation of 1.00, FIKEX and FCLTX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FIKEX or FCLTX?

FIKEX has higher volatility (5.99%) compared to FCLTX (5.98%). In terms of maximum drawdown, FIKEX dropped -42.69% vs FCLTX's -61.07%.

Which has better risk-adjusted returns?

FIKEX currently has the higher Sharpe Ratio (1.46 vs 1.42), 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.