FTCHX vs. FELIX

Last updated Aug 5, 2026

FTCHX (Invesco Technology Fund) and FELIX (Fidelity Advisor Semiconductors Fund Class I) are both Technology Equities funds. Over the past 10 years, FTCHX returned 18.25%/yr vs 33.66%/yr for FELIX. Their correlation of 0.88 means they have usually moved in the same direction. FTCHX charges 0.91%/yr vs 0.69%/yr for FELIX.

Performance

FTCHX vs. FELIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Technology Fund (FTCHX) and Fidelity Advisor Semiconductors Fund Class I (FELIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTCHX achieves a 24.72% return, which is significantly lower than FELIX's 51.17% return. Over the past 10 years, FTCHX has underperformed FELIX with an annualized return of 18.25%, while FELIX has yielded a comparatively higher 33.66% annualized return.

FTCHX

• 1D: 2.45%
• 1M: -6.72%
• 6M: 17.44%
• YTD: 24.72%
• 1Y: 36.53%
• 3Y*: 31.00%
• 5Y*: 12.61%
• 10Y*: 18.25%
• ALL TIME*: 9.82%

FELIX

• 1D: 1.17%
• 1M: -7.09%
• 6M: 36.27%
• YTD: 51.17%
• 1Y: 85.90%
• 3Y*: 49.79%
• 5Y*: 35.29%
• 10Y*: 33.66%
• ALL TIME*: 15.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FELIX Fidelity Advisor Semiconductors Fund Class I	$0.00	$0.00	$0.00
FTCHX Invesco Technology Fund	$0.00	$0.00	$0.00

FTCHX vs. FELIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTCHX Invesco Technology Fund	24.72%	20.77%	34.49%	47.38%	-39.96%	13.00%	46.14%	35.62%	-0.88%	34.78%
FELIX Fidelity Advisor Semiconductors Fund Class I	51.17%	45.25%	44.10%	75.49%	-34.88%	57.89%	44.02%	64.21%	-12.52%	34.54%

Correlation

The correlation between FTCHX and FELIX is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.85
Correlation (All Time) Calculated using the full available price history since Dec 27, 2000	0.88

The correlation between FTCHX and FELIX has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.

Return for Risk

FTCHX vs. FELIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FTCHX

FTCHX Risk / Return Rank: 35
FTCHX Sharpe Ratio Rank: 32
FTCHX Sortino Ratio Rank: 30
FTCHX Omega Ratio Rank: 30
FTCHX Calmar Ratio Rank: 37
FTCHX Martin Ratio Rank: 44

FELIX

FELIX Risk / Return Rank: 83
FELIX Sharpe Ratio Rank: 88
FELIX Sortino Ratio Rank: 73
FELIX Omega Ratio Rank: 73
FELIX Calmar Ratio Rank: 88
FELIX Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FTCHX vs. FELIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Technology Fund (FTCHX) 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.

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.

	FTCHX	FELIX	Difference
Sharpe ratio: Return per unit of total volatility	1.16	2.21	-1.05
Sortino ratio: Return per unit of downside risk	1.63	2.59	-0.97
Omega ratio: Gain probability vs. loss probability	1.21	1.34	-0.13
Calmar ratio: Return relative to maximum drawdown	1.68	3.34	-1.65
Martin ratio: Return relative to average drawdown	6.75	13.56	-6.81

FTCHX vs. FELIX - Sharpe Ratio Comparison

The current FTCHX Sharpe Ratio is 1.16, which is lower than the FELIX Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of FTCHX 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.

Drawdowns

FTCHX vs. FELIX - Drawdown Comparison

The maximum FTCHX drawdown since its inception was -87.78%, which is greater than FELIX's maximum drawdown of -71.17%. Use the drawdown chart below to compare losses from any high point for FTCHX and FELIX.

Drawdown Indicators

	FTCHX	FELIX	Difference
Max Drawdown Largest peak-to-trough decline	-87.78%	-71.17%	-16.61%
Max Drawdown (1Y) Largest decline over 1 year	-24.02%	-26.89%	+2.87%
Max Drawdown (3Y) Largest decline over 3 years	-30.38%	-36.40%	+6.02%
Max Drawdown (5Y) Largest decline over 5 years	-47.89%	-46.02%	-1.87%
Max Drawdown (10Y) Largest decline over 10 years	-47.89%	-46.02%	-1.87%
Current Drawdown Current decline from peak	-15.57%	-19.89%	+4.32%
Average Drawdown Average peak-to-trough decline	-36.30%	-21.07%	-15.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.97%	6.60%	-0.63%

Volatility

FTCHX vs. FELIX - Volatility Comparison

The current volatility for Invesco Technology Fund (FTCHX) is 14.46%, while Fidelity Advisor Semiconductors Fund Class I (FELIX) has a volatility of 15.69%. This indicates that FTCHX experiences smaller price fluctuations and is considered to be less risky than FELIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTCHX	FELIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.46%	15.69%	-1.23%
Volatility (6M) Calculated over the trailing 6-month period	29.78%	34.33%	-4.55%
Volatility (1Y) Calculated over the trailing 1-year period	34.93%	40.71%	-5.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.34%	39.85%	-9.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.22%	35.49%	-8.27%

FTCHX vs. FELIX - Expense Ratio Comparison

FTCHX has a 0.91% expense ratio, which is higher than FELIX's 0.69% expense ratio.

Dividends

FTCHX vs. FELIX - Dividend Comparison

FTCHX's dividend yield for the trailing twelve months is around 21.29%, more than FELIX's 4.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELIX Fidelity Advisor Semiconductors Fund Class I	4.30%	6.51%	6.44%	3.15%	3.09%	4.14%	4.43%	1.04%	19.34%	9.50%	0.55%	10.37%
FTCHX Invesco Technology Fund	21.29%	26.56%	13.59%	0.80%	1.60%	27.66%	7.06%	9.58%	9.01%	4.14%	6.98%	6.88%

Frequently Asked Questions

Can I hold both FTCHX and FELIX in my portfolio?

With a correlation of 0.93, FTCHX 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, FTCHX or FELIX?

FELIX has higher volatility (15.69%) compared to FTCHX (14.46%). In terms of maximum drawdown, FTCHX dropped -87.78% vs FELIX's -71.17%.

Which has better risk-adjusted returns?

FELIX currently has the higher Sharpe Ratio (2.21 vs 1.16), 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.