PGTIX vs. FELIX

Last updated Aug 5, 2026

PGTIX (T. Rowe Price Global Technology Fund I Class) and FELIX (Fidelity Advisor Semiconductors Fund Class I) are both Technology Equities funds. Both are actively managed. Over the past 5 years, PGTIX returned 6.74%/yr vs 35.29%/yr for FELIX. Their correlation of 0.82 means they have usually moved in the same direction. PGTIX charges 0.78%/yr vs 0.69%/yr for FELIX.

Performance

PGTIX vs. FELIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Global Technology Fund I Class (PGTIX) 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, PGTIX achieves a 27.34% return, which is significantly lower than FELIX's 51.17% return.

PGTIX

• 1D: 1.73%
• 1M: -3.21%
• 6M: 26.35%
• YTD: 27.34%
• 1Y: 41.81%
• 3Y*: 33.87%
• 5Y*: 6.74%
• 10Y*: —
• ALL TIME*: 18.46%

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
PGTIX T. Rowe Price Global Technology Fund I Class	$0.00	$0.00	$0.00

PGTIX vs. FELIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PGTIX T. Rowe Price Global Technology Fund I Class	27.34%	27.48%	33.33%	56.25%	-55.48%	8.92%	75.98%	34.28%	-9.95%	45.22%
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 PGTIX and FELIX is 0.90, 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.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.82

The correlation between PGTIX and FELIX has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

Return for Risk

PGTIX vs. FELIX — Risk / Return Rank

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

PGTIX

PGTIX Risk / Return Rank: 51
PGTIX Sharpe Ratio Rank: 50
PGTIX Sortino Ratio Rank: 41
PGTIX Omega Ratio Rank: 45
PGTIX Calmar Ratio Rank: 65
PGTIX Martin Ratio Rank: 53

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.

PGTIX vs. FELIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Technology Fund I Class (PGTIX) 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.

	PGTIX	FELIX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	2.21	-0.66
Sortino ratio: Return per unit of downside risk	2.04	2.59	-0.55
Omega ratio: Gain probability vs. loss probability	1.27	1.34	-0.07
Calmar ratio: Return relative to maximum drawdown	2.44	3.34	-0.90
Martin ratio: Return relative to average drawdown	8.12	13.56	-5.44

PGTIX vs. FELIX - Sharpe Ratio Comparison

The current PGTIX Sharpe Ratio is 1.55, which is comparable to the FELIX Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of PGTIX 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

PGTIX vs. FELIX - Drawdown Comparison

The maximum PGTIX drawdown since its inception was -65.26%, smaller than the maximum FELIX drawdown of -71.17%. Use the drawdown chart below to compare losses from any high point for PGTIX and FELIX.

Drawdown Indicators

	PGTIX	FELIX	Difference
Max Drawdown Largest peak-to-trough decline	-65.26%	-71.17%	+5.91%
Max Drawdown (1Y) Largest decline over 1 year	-18.47%	-26.89%	+8.42%
Max Drawdown (3Y) Largest decline over 3 years	-26.71%	-36.40%	+9.69%
Max Drawdown (5Y) Largest decline over 5 years	-65.26%	-46.02%	-19.24%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.02%	—
Current Drawdown Current decline from peak	-11.71%	-19.89%	+8.18%
Average Drawdown Average peak-to-trough decline	-18.81%	-21.07%	+2.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.53%	6.60%	-1.07%

Volatility

PGTIX vs. FELIX - Volatility Comparison

The current volatility for T. Rowe Price Global Technology Fund I Class (PGTIX) is 11.32%, while Fidelity Advisor Semiconductors Fund Class I (FELIX) has a volatility of 15.69%. This indicates that PGTIX 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

	PGTIX	FELIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.32%	15.69%	-4.37%
Volatility (6M) Calculated over the trailing 6-month period	25.44%	34.33%	-8.89%
Volatility (1Y) Calculated over the trailing 1-year period	29.05%	40.71%	-11.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.68%	39.85%	-7.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.31%	35.49%	-6.18%

PGTIX vs. FELIX - Expense Ratio Comparison

PGTIX has a 0.78% expense ratio, which is higher than FELIX's 0.69% expense ratio.

Dividends

PGTIX vs. FELIX - Dividend Comparison

PGTIX has not paid dividends to shareholders, while FELIX's dividend yield for the trailing twelve months is around 4.30%.

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%
PGTIX T. Rowe Price Global Technology Fund I Class	0.00%	0.00%	0.00%	0.00%	3.27%	27.92%	5.04%	0.07%	24.92%	15.91%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PGTIX and FELIX in my portfolio?

With a correlation of 0.90, PGTIX 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, PGTIX or FELIX?

FELIX has higher volatility (15.69%) compared to PGTIX (11.32%). In terms of maximum drawdown, PGTIX dropped -65.26% vs FELIX's -71.17%.

Which has better risk-adjusted returns?

FELIX currently has the higher Sharpe Ratio (2.21 vs 1.55), 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.