HSSAX vs. FIKBX
Compare and contrast key facts about Emerald Finance and Banking Innovation Fund (HSSAX) and Fidelity Advisor Financial Services Fund Class Z (FIKBX).
HSSAX is managed by Emerald. It was launched on Feb 18, 1997. FIKBX is managed by BlackRock. It was launched on Oct 2, 2018.
Performance
HSSAX vs. FIKBX - Performance Comparison
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HSSAX vs. FIKBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HSSAX Emerald Finance and Banking Innovation Fund | -12.92% | 12.11% | 16.47% | 15.58% | -55.87% | 38.83% | 11.94% | 20.55% | -18.70% |
FIKBX Fidelity Advisor Financial Services Fund Class Z | -9.34% | 15.36% | 32.80% | 14.47% | -8.58% | 33.43% | 0.18% | 34.31% | -11.43% |
Returns By Period
In the year-to-date period, HSSAX achieves a -12.92% return, which is significantly lower than FIKBX's -9.34% return.
HSSAX
- 1D
- 0.40%
- 1M
- -4.07%
- YTD
- -12.92%
- 6M
- -13.79%
- 1Y
- 0.58%
- 3Y*
- 14.01%
- 5Y*
- -9.52%
- 10Y*
- 3.11%
FIKBX
- 1D
- 1.00%
- 1M
- -5.35%
- YTD
- -9.34%
- 6M
- -5.78%
- 1Y
- 4.82%
- 3Y*
- 19.08%
- 5Y*
- 10.36%
- 10Y*
- —
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HSSAX vs. FIKBX - Expense Ratio Comparison
HSSAX has a 1.71% expense ratio, which is higher than FIKBX's 0.64% expense ratio.
Return for Risk
HSSAX vs. FIKBX — Risk / Return Rank
HSSAX
FIKBX
HSSAX vs. FIKBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Emerald Finance and Banking Innovation Fund (HSSAX) and Fidelity Advisor Financial Services Fund Class Z (FIKBX). 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.
| HSSAX | FIKBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.03 | 0.27 | -0.24 |
Sortino ratioReturn per unit of downside risk | 0.23 | 0.50 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.07 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.25 | -0.30 |
Martin ratioReturn relative to average drawdown | -0.12 | 0.77 | -0.89 |
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
| HSSAX | FIKBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | 0.27 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | 0.50 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.46 | -0.15 |
Correlation
The correlation between HSSAX and FIKBX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HSSAX vs. FIKBX - Dividend Comparison
HSSAX has not paid dividends to shareholders, while FIKBX's dividend yield for the trailing twelve months is around 7.85%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSSAX Emerald Finance and Banking Innovation Fund | 0.00% | 0.00% | 1.98% | 0.00% | 0.00% | 11.48% | 0.00% | 0.00% | 26.56% | 2.83% |
FIKBX Fidelity Advisor Financial Services Fund Class Z | 7.85% | 7.11% | 5.04% | 2.48% | 6.20% | 4.43% | 2.78% | 1.59% | 4.47% | 0.00% |
Drawdowns
HSSAX vs. FIKBX - Drawdown Comparison
The maximum HSSAX drawdown since its inception was -73.01%, which is greater than FIKBX's maximum drawdown of -45.95%. Use the drawdown chart below to compare losses from any high point for HSSAX and FIKBX.
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Drawdown Indicators
| HSSAX | FIKBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.01% | -45.95% | -27.06% |
Max Drawdown (1Y)Largest decline over 1 year | -19.61% | -14.41% | -5.20% |
Max Drawdown (5Y)Largest decline over 5 years | -73.01% | -24.82% | -48.19% |
Max Drawdown (10Y)Largest decline over 10 years | -73.01% | — | — |
Current DrawdownCurrent decline from peak | -54.79% | -12.09% | -42.70% |
Average DrawdownAverage peak-to-trough decline | -18.77% | -8.17% | -10.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.90% | 4.61% | +3.29% |
Volatility
HSSAX vs. FIKBX - Volatility Comparison
Emerald Finance and Banking Innovation Fund (HSSAX) has a higher volatility of 5.95% compared to Fidelity Advisor Financial Services Fund Class Z (FIKBX) at 4.52%. This indicates that HSSAX's price experiences larger fluctuations and is considered to be riskier than FIKBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSSAX | FIKBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 4.52% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 19.12% | 12.43% | +6.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.90% | 21.14% | +5.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.49% | 20.79% | +8.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.14% | 26.15% | +1.99% |