FIKGX vs. FELIX

Last updated Jun 3, 2026

FIKGX (Fidelity Advisor Semiconductors Fund Class Z) and FELIX (Fidelity Advisor Semiconductors Fund Class I) are both Technology Equities funds from Fidelity. Over the past 5 years, FIKGX returned 40.25%/yr vs 41.77%/yr for FELIX. With a 1.00 correlation, they move nearly in lockstep. FIKGX charges 0.62%/yr vs 0.75%/yr for FELIX.

Performance

FIKGX vs. FELIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Semiconductors Fund Class Z (FIKGX) and Fidelity Advisor Semiconductors Fund Class I (FELIX). 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 FIKGX having a 73.94% return and FELIX slightly lower at 73.86%.

FIKGX

• 1D: 2.05%
• 1M: 18.64%
• YTD: 73.94%
• 6M: 75.14%
• 1Y: 161.68%
• 3Y*: 57.58%
• 5Y*: 40.25%
• 10Y*: —

FELIX

• 1D: 2.05%
• 1M: 18.62%
• YTD: 73.86%
• 6M: 75.04%
• 1Y: 161.36%
• 3Y*: 60.55%
• 5Y*: 41.77%
• 10Y*: 36.76%

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

FIKGX vs. FELIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIKGX Fidelity Advisor Semiconductors Fund Class Z	73.94%	45.43%	35.88%	75.75%	-34.81%	58.07%	44.21%	64.45%	-11.11%
FELIX Fidelity Advisor Semiconductors Fund Class I	73.86%	45.25%	44.10%	75.49%	-34.88%	57.89%	44.02%	64.21%	-11.14%

Correlation

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

Return for Risk

FIKGX vs. FELIX — 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

FELIX

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

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. FELIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class Z (FIKGX) and Fidelity Advisor Semiconductors Fund Class I (FELIX). 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	FELIX	Difference
Sharpe ratio Return per unit of total volatility	5.22	5.21	+0.01
Sortino ratio Return per unit of downside risk	5.11	5.10	+0.01
Omega ratio Gain probability vs. loss probability	1.70	1.69	0.00
Calmar ratio Return relative to maximum drawdown	10.89	10.86	+0.03
Martin ratio Return relative to average drawdown	42.52	42.40	+0.12
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. FELIX - Sharpe Ratio Comparison

The current FIKGX Sharpe Ratio is 5.22, which is comparable to the FELIX Sharpe Ratio of 5.21. The chart below compares the historical Sharpe Ratios of FIKGX and FELIX, 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	FELIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.22	5.21	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.06	1.10	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	0.47	+0.58

Drawdowns

FIKGX vs. FELIX - Drawdown Comparison

The maximum FIKGX drawdown since its inception was -45.98%, smaller than the maximum FELIX drawdown of -71.17%. Use the drawdown chart below to compare losses from any high point for FIKGX and FELIX.

Drawdown Indicators

	FIKGX	FELIX	Difference
Max Drawdown Largest peak-to-trough decline	-45.98%	-71.17%	+25.19%
Max Drawdown (1Y) Largest decline over 1 year	-14.64%	-14.65%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-39.67%	-36.40%	-3.27%
Max Drawdown (5Y) Largest decline over 5 years	-45.98%	-46.02%	+0.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.02%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.81%	-21.14%	+11.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.75%	3.75%	0.00%

Volatility

FIKGX vs. FELIX - Volatility Comparison

Fidelity Advisor Semiconductors Fund Class Z (FIKGX) and Fidelity Advisor Semiconductors Fund Class I (FELIX) have volatilities of 10.64% and 10.64%, 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

	FIKGX	FELIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.64%	10.64%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	24.65%	24.65%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	32.03%	32.03%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.33%	38.25%	+0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.33%	34.63%	+3.70%

FIKGX vs. FELIX - Expense Ratio Comparison

FIKGX has a 0.62% expense ratio, which is lower than FELIX's 0.75% expense ratio.

Dividends

FIKGX vs. FELIX - Dividend Comparison

FIKGX's dividend yield for the trailing twelve months is around 3.83%, more than FELIX's 3.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELIX Fidelity Advisor Semiconductors Fund Class I	3.74%	6.51%	6.44%	3.15%	3.09%	4.14%	4.43%	1.04%	19.34%	9.50%	0.55%	10.37%
FIKGX Fidelity Advisor Semiconductors Fund Class Z	3.83%	6.67%	0.00%	3.14%	3.08%	4.19%	4.54%	1.08%	19.72%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIKGX and FELIX in my portfolio?

With a correlation of 1.00, FIKGX and FELIX 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, FIKGX or FELIX?

FELIX has higher volatility (10.64%) compared to FIKGX (10.64%). In terms of maximum drawdown, FIKGX dropped -45.98% vs FELIX's -71.17%.

Which has better risk-adjusted returns?

FIKGX currently has the higher Sharpe Ratio (5.22 vs 5.21), 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.