FIKGX vs. RYSIX

Last updated Jun 26, 2026

FIKGX (Fidelity Advisor Semiconductors Fund Class Z) and RYSIX (Rydex Electronics Fund) are both Technology Equities funds. Over the past 5 years, FIKGX returned 39.33%/yr vs 31.24%/yr for RYSIX. With a 0.98 correlation, they move nearly in lockstep. FIKGX charges 0.62%/yr vs 1.36%/yr for RYSIX.

Performance

FIKGX vs. RYSIX - Performance Comparison

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

Returns By Period

In the year-to-date period, FIKGX achieves a 74.74% return, which is significantly lower than RYSIX's 82.71% return.

FIKGX

• 1D: -0.47%
• 1M: 1.39%
• YTD: 74.74%
• 6M: 71.56%
• 1Y: 131.85%
• 3Y*: 57.08%
• 5Y*: 39.33%
• 10Y*: —

RYSIX

• 1D: -0.49%
• 1M: 1.48%
• YTD: 82.71%
• 6M: 79.38%
• 1Y: 139.06%
• 3Y*: 51.73%
• 5Y*: 31.24%
• 10Y*: 32.10%

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

FIKGX vs. RYSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIKGX Fidelity Advisor Semiconductors Fund Class Z	74.74%	45.43%	35.88%	75.75%	-34.81%	58.07%	44.21%	64.45%	-11.11%
RYSIX Rydex Electronics Fund	82.71%	42.02%	16.66%	55.69%	-32.46%	38.65%	56.73%	59.80%	-10.15%

Correlation

The correlation between FIKGX and RYSIX is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.98

The correlation between FIKGX and RYSIX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

FIKGX vs. RYSIX — Risk / Return Rank

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

FIKGX

FIKGX Risk / Return Rank: 95
FIKGX Sharpe Ratio Rank: 99
FIKGX Sortino Ratio Rank: 89
FIKGX Omega Ratio Rank: 88
FIKGX Calmar Ratio Rank: 99
FIKGX Martin Ratio Rank: 98

RYSIX

RYSIX Risk / Return Rank: 95
RYSIX Sharpe Ratio Rank: 99
RYSIX Sortino Ratio Rank: 90
RYSIX Omega Ratio Rank: 88
RYSIX Calmar Ratio Rank: 99
RYSIX 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. RYSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Semiconductors Fund Class Z (FIKGX) and Rydex Electronics Fund (RYSIX). 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.

	FIKGX	RYSIX	Difference
Sharpe ratio: Return per unit of total volatility	3.73	3.83	-0.10
Sortino ratio: Return per unit of downside risk	3.84	3.89	-0.05
Omega ratio: Gain probability vs. loss probability	1.54	1.55	-0.01
Calmar ratio: Return relative to maximum drawdown	9.27	9.57	-0.30
Martin ratio: Return relative to average drawdown	33.34	33.65	-0.31

FIKGX vs. RYSIX - Sharpe Ratio Comparison

The current FIKGX Sharpe Ratio is 3.73, which is comparable to the RYSIX Sharpe Ratio of 3.83. The chart below compares the historical Sharpe Ratios of FIKGX and RYSIX, 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

FIKGX vs. RYSIX - Drawdown Comparison

The maximum FIKGX drawdown since its inception was -45.98%, smaller than the maximum RYSIX drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for FIKGX and RYSIX.

Drawdown Indicators

	FIKGX	RYSIX	Difference
Max Drawdown Largest peak-to-trough decline	-45.98%	-88.66%	+42.68%
Max Drawdown (1Y) Largest decline over 1 year	-14.64%	-14.87%	+0.23%
Max Drawdown (3Y) Largest decline over 3 years	-39.67%	-40.57%	+0.90%
Max Drawdown (5Y) Largest decline over 5 years	-45.98%	-43.80%	-2.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.80%	—
Current Drawdown Current decline from peak	-7.44%	-7.75%	+0.31%
Average Drawdown Average peak-to-trough decline	-9.77%	-49.61%	+39.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	4.22%	-0.16%

Volatility

FIKGX vs. RYSIX - Volatility Comparison

Fidelity Advisor Semiconductors Fund Class Z (FIKGX) and Rydex Electronics Fund (RYSIX) have volatilities of 19.71% and 20.59%, 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	RYSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.71%	20.59%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	29.73%	30.91%	-1.18%
Volatility (1Y) Calculated over the trailing 1-year period	36.51%	37.29%	-0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.18%	37.02%	+2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.75%	34.03%	+4.72%

FIKGX vs. RYSIX - Expense Ratio Comparison

FIKGX has a 0.62% expense ratio, which is lower than RYSIX's 1.36% expense ratio.

Dividends

FIKGX vs. RYSIX - Dividend Comparison

FIKGX's dividend yield for the trailing twelve months is around 3.82%, more than RYSIX's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIKGX Fidelity Advisor Semiconductors Fund Class Z	3.82%	6.67%	0.00%	3.14%	3.08%	4.19%	4.54%	1.08%	19.72%	0.00%	0.00%	0.00%
RYSIX Rydex Electronics Fund	1.77%	3.24%	1.73%	0.00%	0.00%	3.34%	2.04%	0.01%	10.18%	0.05%	0.00%	0.16%

Frequently Asked Questions

Can I hold both FIKGX and RYSIX in my portfolio?

With a correlation of 0.97, FIKGX and RYSIX 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 RYSIX?

RYSIX has higher volatility (20.59%) compared to FIKGX (19.71%). In terms of maximum drawdown, FIKGX dropped -45.98% vs RYSIX's -88.66%.

Which has better risk-adjusted returns?

RYSIX currently has the higher Sharpe Ratio (3.83 vs 3.73), 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.