FNITX vs. CTCAX
FNITX (Fidelity Advisor New Insights Fund Class M) and CTCAX (Columbia Global Technology Growth Fund Class A) are both mutual funds - FNITX is a Large Cap Growth Equities fund managed by Fidelity, while CTCAX is a Technology Equities fund managed by Columbia. Over the past 10 years, FNITX returned 16.12%/yr vs 24.75%/yr for CTCAX. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 1.18% expense ratio.
Performance
FNITX vs. CTCAX - Performance Comparison
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Returns By Period
In the year-to-date period, FNITX achieves a 9.30% return, which is significantly lower than CTCAX's 32.06% return. Over the past 10 years, FNITX has underperformed CTCAX with an annualized return of 16.12%, while CTCAX has yielded a comparatively higher 24.75% annualized return.
FNITX
- 1D
- 0.02%
- 1M
- 3.48%
- YTD
- 9.30%
- 6M
- 12.43%
- 1Y
- 27.44%
- 3Y*
- 27.24%
- 5Y*
- 15.24%
- 10Y*
- 16.12%
CTCAX
- 1D
- 1.47%
- 1M
- 17.00%
- YTD
- 32.06%
- 6M
- 31.15%
- 1Y
- 61.81%
- 3Y*
- 36.07%
- 5Y*
- 20.96%
- 10Y*
- 24.75%
FNITX vs. CTCAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNITX Fidelity Advisor New Insights Fund Class M | 9.30% | 22.36% | 34.61% | 35.61% | -26.67% | 24.10% | 23.30% | 28.81% | -4.89% | 27.76% |
CTCAX Columbia Global Technology Growth Fund Class A | 32.06% | 24.78% | 31.39% | 56.46% | -34.81% | 22.73% | 49.46% | 43.91% | -1.48% | 42.99% |
Correlation
The correlation between FNITX and CTCAX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 9, 2003 | 0.89 |
The correlation between FNITX and CTCAX has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
FNITX vs. CTCAX — Risk / Return Rank
FNITX
CTCAX
FNITX vs. CTCAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New Insights Fund Class M (FNITX) and Columbia Global Technology Growth Fund Class A (CTCAX). 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.
| FNITX | CTCAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.49 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 4.43 | -1.75 |
| Martin ratioReturn relative to average drawdown | 11.92 | 16.56 | -4.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNITX | CTCAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 3.04 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.81 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 1.00 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.78 | -0.15 |
Drawdowns
FNITX vs. CTCAX - Drawdown Comparison
The maximum FNITX drawdown since its inception was -49.84%, smaller than the maximum CTCAX drawdown of -61.04%. Use the drawdown chart below to compare losses from any high point for FNITX and CTCAX.
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Drawdown Indicators
| FNITX | CTCAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.84% | -61.04% | +11.20% |
Max Drawdown (1Y)Largest decline over 1 year | -10.45% | -14.43% | +3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -20.11% | -26.67% | +6.56% |
Max Drawdown (5Y)Largest decline over 5 years | -32.06% | -39.55% | +7.49% |
Max Drawdown (10Y)Largest decline over 10 years | -32.06% | -39.55% | +7.49% |
Current DrawdownCurrent decline from peak | -0.39% | 0.00% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -10.68% | +3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 3.86% | -1.51% |
Volatility
FNITX vs. CTCAX - Volatility Comparison
The current volatility for Fidelity Advisor New Insights Fund Class M (FNITX) is 3.54%, while Columbia Global Technology Growth Fund Class A (CTCAX) has a volatility of 6.37%. This indicates that FNITX experiences smaller price fluctuations and is considered to be less risky than CTCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNITX | CTCAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 6.37% | -2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 10.81% | 16.72% | -5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.19% | 21.06% | -6.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.03% | 25.98% | -6.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 24.84% | -5.55% |
FNITX vs. CTCAX - Expense Ratio Comparison
Both FNITX and CTCAX have an expense ratio of 1.18%.
Dividends
FNITX vs. CTCAX - Dividend Comparison
FNITX's dividend yield for the trailing twelve months is around 9.36%, more than CTCAX's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTCAX Columbia Global Technology Growth Fund Class A | 2.49% | 3.29% | 1.08% | 2.36% | 3.53% | 4.15% | 0.91% | 2.55% | 5.82% | 3.52% | 0.36% | 1.80% |
FNITX Fidelity Advisor New Insights Fund Class M | 9.36% | 11.08% | 6.33% | 6.43% | 18.00% | 13.42% | 8.54% | 6.62% | 14.33% | 7.86% | 4.99% | 4.45% |
Frequently Asked Questions
FNITX and CTCAX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CTCAX has higher volatility (6.37%) compared to FNITX (3.54%). In terms of maximum drawdown, FNITX dropped -49.84% vs CTCAX's -61.04%.
CTCAX currently has the higher Sharpe Ratio (3.04 vs 1.98), 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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