FIKGX vs. ARKVX

Last updated Jun 5, 2026

FIKGX (Fidelity Advisor Semiconductors Fund Class Z) and ARKVX (ARK Venture Fund) are both Technology Equities funds. Over the past 3 years, FIKGX returned 61.14%/yr vs 37.85%/yr for ARKVX. A 0.53 correlation means they provide meaningful diversification when combined. FIKGX charges 0.62%/yr vs 2.90%/yr for ARKVX.

Performance

FIKGX vs. ARKVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Semiconductors Fund Class Z (FIKGX) and ARK Venture Fund (ARKVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIKGX achieves a 86.00% return, which is significantly higher than ARKVX's 14.60% return.

FIKGX

• 1D: 0.50%
• 1M: 23.68%
• YTD: 86.00%
• 6M: 84.38%
• 1Y: 166.39%
• 3Y*: 61.14%
• 5Y*: 41.83%
• 10Y*: —

ARKVX

• 1D: 2.42%
• 1M: 5.42%
• YTD: 14.60%
• 6M: 29.28%
• 1Y: 73.96%
• 3Y*: 37.85%
• 5Y*: —
• 10Y*: —

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

FIKGX vs. ARKVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FIKGX Fidelity Advisor Semiconductors Fund Class Z	86.00%	45.43%	35.88%	75.75%	1.84%
ARKVX ARK Venture Fund	14.60%	55.68%	6.69%	61.25%	-6.24%

Correlation

The correlation between FIKGX and ARKVX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (All Time) Calculated using the full available price history since Nov 8, 2022	0.53

The correlation between FIKGX and ARKVX shifts across timeframes, from 0.34 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FIKGX vs. ARKVX — Risk / Return Rank

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

FIKGX

FIKGX Risk / Return Rank: 97
FIKGX Sharpe Ratio Rank: 99
FIKGX Sortino Ratio Rank: 95
FIKGX Omega Ratio Rank: 92
FIKGX Calmar Ratio Rank: 99
FIKGX Martin Ratio Rank: 99

ARKVX

ARKVX Risk / Return Rank: 99
ARKVX Sharpe Ratio Rank: 99
ARKVX Sortino Ratio Rank: 100
ARKVX Omega Ratio Rank: 98
ARKVX Calmar Ratio Rank: 98
ARKVX Martin Ratio Rank: 98

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.

FIKGX vs. ARKVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class Z (FIKGX) and ARK Venture Fund (ARKVX). 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.

	FIKGX	ARKVX	Difference
Sharpe ratio: Return per unit of total volatility	5.34	4.19	+1.15
Sortino ratio: Return per unit of downside risk	5.23	11.53	-6.31
Omega ratio: Gain probability vs. loss probability	1.71	2.43	-0.72
Calmar ratio: Return relative to maximum drawdown	11.82	9.59	+2.22
Martin ratio: Return relative to average drawdown	46.04	36.73	+9.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIKGX vs. ARKVX - Sharpe Ratio Comparison

The current FIKGX Sharpe Ratio is 5.34, which is comparable to the ARKVX Sharpe Ratio of 4.19. The chart below compares the historical Sharpe Ratios of FIKGX and ARKVX, 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

	FIKGX	ARKVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.34	4.19	+1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	1.90	-0.81

Drawdowns

FIKGX vs. ARKVX - Drawdown Comparison

The maximum FIKGX drawdown since its inception was -45.98%, which is greater than ARKVX's maximum drawdown of -19.10%. Use the drawdown chart below to compare losses from any high point for FIKGX and ARKVX.

Drawdown Indicators

	FIKGX	ARKVX	Difference
Max Drawdown Largest peak-to-trough decline	-45.98%	-19.10%	-26.88%
Max Drawdown (1Y) Largest decline over 1 year	-14.64%	-8.14%	-6.50%
Max Drawdown (3Y) Largest decline over 3 years	-39.67%	-19.10%	-20.57%
Max Drawdown (5Y) Largest decline over 5 years	-45.98%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.80%	-4.20%	-5.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.75%	2.09%	+1.66%

Volatility

FIKGX vs. ARKVX - Volatility Comparison

Fidelity Advisor Semiconductors Fund Class Z (FIKGX) has a higher volatility of 11.86% compared to ARK Venture Fund (ARKVX) at 4.94%. This indicates that FIKGX's price experiences larger fluctuations and is considered to be riskier than ARKVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIKGX	ARKVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.86%	4.94%	+6.92%
Volatility (6M) Calculated over the trailing 6-month period	25.31%	13.33%	+11.98%
Volatility (1Y) Calculated over the trailing 1-year period	32.50%	18.64%	+13.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.42%	18.70%	+19.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.38%	18.70%	+19.68%

FIKGX vs. ARKVX - Expense Ratio Comparison

FIKGX has a 0.62% expense ratio, which is lower than ARKVX's 2.90% expense ratio.

Dividends

FIKGX vs. ARKVX - Dividend Comparison

FIKGX's dividend yield for the trailing twelve months is around 3.59%, while ARKVX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ARKVX ARK Venture Fund	0.00%	0.00%	0.32%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%
FIKGX Fidelity Advisor Semiconductors Fund Class Z	3.59%	6.67%	0.00%	3.14%	3.08%	4.19%	4.54%	1.08%	19.72%

Frequently Asked Questions

Can I hold both FIKGX and ARKVX in my portfolio?

FIKGX and ARKVX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIKGX or ARKVX?

FIKGX has higher volatility (11.86%) compared to ARKVX (4.94%). In terms of maximum drawdown, FIKGX dropped -45.98% vs ARKVX's -19.10%.

Which has better risk-adjusted returns?

FIKGX currently has the higher Sharpe Ratio (5.34 vs 4.19), 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.