FITIX vs. SVOL
FITIX (Fidelity Advisor Mid Cap II Fund Class M) and SVOL (Simplify Volatility Premium ETF) are both funds - FITIX is a Mid Cap Blend Equities fund managed by Fidelity, while SVOL is a Volatility fund actively managed by Simplify. Over the past 5 years, FITIX returned 11.71%/yr vs 6.86%/yr for SVOL. Their 0.66 correlation means they have sometimes moved together and sometimes differently. FITIX charges 1.25%/yr vs 0.50%/yr for SVOL.
Performance
FITIX vs. SVOL - Performance Comparison
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Returns By Period
In the year-to-date period, FITIX achieves a 21.32% return, which is significantly higher than SVOL's 1.56% return.
FITIX
- 1D
- 0.04%
- 1M
- -2.80%
- 6M
- 13.98%
- YTD
- 21.32%
- 1Y
- 33.63%
- 3Y*
- 19.24%
- 5Y*
- 11.71%
- 10Y*
- 12.59%
- ALL TIME*
- 10.81%
SVOL
- 1D
- -0.25%
- 1M
- 0.32%
- 6M
- -0.36%
- YTD
- 1.56%
- 1Y
- 17.84%
- 3Y*
- 5.96%
- 5Y*
- 6.86%
- 10Y*
- —
- ALL TIME*
- 7.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $4.51M | $3.79M | $4.39M |
FITIX vs. SVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FITIX Fidelity Advisor Mid Cap II Fund Class M | 21.32% | 11.29% | 22.41% | 14.40% | -15.22% | 12.26% |
SVOL Simplify Volatility Premium ETF | 1.56% | 2.41% | 6.77% | 22.88% | -3.30% | 12.70% |
Correlation
The correlation between FITIX and SVOL is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since May 13, 2021 | 0.66 |
The correlation between FITIX and SVOL has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.
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Return for Risk
FITIX vs. SVOL — Risk / Return Rank
FITIX
SVOL
FITIX vs. SVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mid Cap II Fund Class M (FITIX) and Simplify Volatility Premium ETF (SVOL). 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.
| FITIX | SVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.21 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 1.57 | +1.65 |
| Martin ratioReturn relative to average drawdown | 11.62 | 4.56 | +7.06 |
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Drawdowns
FITIX vs. SVOL - Drawdown Comparison
The maximum FITIX drawdown since its inception was -53.22%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for FITIX and SVOL.
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Drawdown Indicators
| FITIX | SVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.22% | -33.50% | -19.72% |
Max Drawdown (1Y)Largest decline over 1 year | -9.87% | -11.42% | +1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -23.94% | -33.50% | +9.56% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -33.50% | +8.40% |
Max Drawdown (10Y)Largest decline over 10 years | -42.59% | — | — |
Current DrawdownCurrent decline from peak | -5.42% | -1.58% | -3.84% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -4.68% | -3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 3.92% | -1.19% |
Volatility
FITIX vs. SVOL - Volatility Comparison
Fidelity Advisor Mid Cap II Fund Class M (FITIX) has a higher volatility of 4.46% compared to Simplify Volatility Premium ETF (SVOL) at 4.17%. This indicates that FITIX's price experiences larger fluctuations and is considered to be riskier than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FITIX | SVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.46% | 4.17% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 14.49% | 9.63% | +4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.17% | 17.09% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.59% | 21.96% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.10% | 21.73% | -0.63% |
FITIX vs. SVOL - Expense Ratio Comparison
FITIX has a 1.25% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Dividends
FITIX vs. SVOL - Dividend Comparison
FITIX's dividend yield for the trailing twelve months is around 6.13%, less than SVOL's 22.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FITIX Fidelity Advisor Mid Cap II Fund Class M | 6.13% | 10.82% | 11.68% | 2.52% | 5.82% | 19.35% | 1.01% | 3.07% | 10.58% | 7.57% | 9.20% | 4.84% |
SVOL Simplify Volatility Premium ETF | 22.19% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FITIX and SVOL have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FITIX has higher volatility (4.46%) compared to SVOL (4.17%). In terms of maximum drawdown, FITIX dropped -53.22% vs SVOL's -33.50%.
FITIX currently has the higher Sharpe Ratio (1.75 vs 1.05), 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.
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