IDE vs. FCLAX

Last updated Aug 1, 2026

IDE (Voya Infrastructure, Industrials and Materials Fund) and FCLAX (Fidelity Advisor Industrials Fund Class A) are both mutual funds - IDE is a Infrastructure Equities fund managed by Voya, while FCLAX is a Industrials Equities fund managed by Fidelity. Over the past 10 years, IDE returned 10.98%/yr vs 13.90%/yr for FCLAX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. IDE charges 0.01%/yr vs 1.02%/yr for FCLAX.

Performance

IDE vs. FCLAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Infrastructure, Industrials and Materials Fund (IDE) and Fidelity Advisor Industrials Fund Class A (FCLAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDE achieves a 11.32% return, which is significantly lower than FCLAX's 17.72% return. Over the past 10 years, IDE has underperformed FCLAX with an annualized return of 10.98%, while FCLAX has yielded a comparatively higher 13.90% annualized return.

IDE

• 1D: 1.47%
• 1M: -5.35%
• 6M: 1.72%
• YTD: 11.32%
• 1Y: 21.73%
• 3Y*: 20.57%
• 5Y*: 9.79%
• 10Y*: 10.98%
• ALL TIME*: 7.57%

FCLAX

• 1D: 1.60%
• 1M: -2.88%
• 6M: 11.14%
• YTD: 17.72%
• 1Y: 22.49%
• 3Y*: 26.02%
• 5Y*: 16.90%
• 10Y*: 13.90%
• ALL TIME*: 11.66%

*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)
FCLAX Fidelity Advisor Industrials Fund Class A	$0.00	$0.00	$0.00
IDE Voya Infrastructure, Industrials and Materials Fund	$502.73K	$436.82K	$481.70K

IDE vs. FCLAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDE Voya Infrastructure, Industrials and Materials Fund	11.32%	34.61%	10.91%	22.04%	-16.54%	26.27%	-1.06%	13.49%	-24.48%	39.58%
FCLAX Fidelity Advisor Industrials Fund Class A	17.72%	24.48%	28.24%	22.64%	-10.64%	16.27%	11.17%	27.81%	-15.83%	19.28%

Correlation

The correlation between IDE and FCLAX is 0.50, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.50
Correlation (3Y) Balances recent behavior with more history.	0.51
Correlation (5Y) Shows whether the relationship held over a longer period.	0.59
Correlation (10Y) Provides a long-term view across more market conditions.	0.56
Correlation (All Time) Calculated using the full available price history since Feb 2, 2010	0.60

The correlation between IDE and FCLAX shifts across timeframes, from 0.50 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IDE vs. FCLAX — Risk / Return Rank

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

IDE

IDE Risk / Return Rank: 45
IDE Sharpe Ratio Rank: 55
IDE Sortino Ratio Rank: 48
IDE Omega Ratio Rank: 52
IDE Calmar Ratio Rank: 34
IDE Martin Ratio Rank: 34

FCLAX

FCLAX Risk / Return Rank: 32
FCLAX Sharpe Ratio Rank: 29
FCLAX Sortino Ratio Rank: 30
FCLAX Omega Ratio Rank: 27
FCLAX Calmar Ratio Rank: 35
FCLAX Martin Ratio Rank: 41

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.

IDE vs. FCLAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Infrastructure, Industrials and Materials Fund (IDE) and Fidelity Advisor Industrials Fund Class A (FCLAX). 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.

	IDE	FCLAX	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.01	+0.39
Sortino ratio: Return per unit of downside risk	1.90	1.52	+0.38
Omega ratio: Gain probability vs. loss probability	1.25	1.18	+0.07
Calmar ratio: Return relative to maximum drawdown	1.47	1.53	-0.06
Martin ratio: Return relative to average drawdown	5.04	6.16	-1.12

IDE vs. FCLAX - Sharpe Ratio Comparison

The current IDE Sharpe Ratio is 1.41, which is higher than the FCLAX Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of IDE and FCLAX, 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

IDE vs. FCLAX - Drawdown Comparison

The maximum IDE drawdown since its inception was -52.43%, smaller than the maximum FCLAX drawdown of -60.95%. Use the drawdown chart below to compare losses from any high point for IDE and FCLAX.

Drawdown Indicators

	IDE	FCLAX	Difference
Max Drawdown Largest peak-to-trough decline	-52.43%	-60.95%	+8.52%
Max Drawdown (1Y) Largest decline over 1 year	-14.34%	-13.11%	-1.23%
Max Drawdown (3Y) Largest decline over 3 years	-18.30%	-21.31%	+3.01%
Max Drawdown (5Y) Largest decline over 5 years	-29.36%	-26.49%	-2.87%
Max Drawdown (10Y) Largest decline over 10 years	-52.43%	-42.71%	-9.72%
Current Drawdown Current decline from peak	-5.75%	-4.47%	-1.28%
Average Drawdown Average peak-to-trough decline	-11.22%	-7.77%	-3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	3.28%	+0.90%

Volatility

IDE vs. FCLAX - Volatility Comparison

The current volatility for Voya Infrastructure, Industrials and Materials Fund (IDE) is 4.75%, while Fidelity Advisor Industrials Fund Class A (FCLAX) has a volatility of 5.54%. This indicates that IDE experiences smaller price fluctuations and is considered to be less risky than FCLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDE	FCLAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	5.54%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	12.70%	16.36%	-3.66%
Volatility (1Y) Calculated over the trailing 1-year period	15.01%	19.89%	-4.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.12%	21.09%	-3.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.87%	21.59%	-0.72%

IDE vs. FCLAX - Expense Ratio Comparison

IDE has a 0.01% expense ratio, which is lower than FCLAX's 1.02% expense ratio.

Dividends

IDE vs. FCLAX - Dividend Comparison

IDE's dividend yield for the trailing twelve months is around 9.16%, more than FCLAX's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCLAX Fidelity Advisor Industrials Fund Class A	1.47%	1.73%	8.10%	8.69%	3.46%	21.93%	0.59%	7.50%	12.29%	2.79%	5.69%	9.17%
IDE Voya Infrastructure, Industrials and Materials Fund	8.40%	9.76%	11.12%	9.00%	9.99%	7.58%	8.89%	9.02%	16.46%	6.88%	10.67%	12.56%

Frequently Asked Questions

Can I hold both IDE and FCLAX in my portfolio?

IDE and FCLAX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDE or FCLAX?

FCLAX has higher volatility (5.54%) compared to IDE (4.75%). In terms of maximum drawdown, IDE dropped -52.43% vs FCLAX's -60.95%.

Which has better risk-adjusted returns?

IDE currently has the higher Sharpe Ratio (1.41 vs 1.01), 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.