RYIIX vs. FIKHX

Last updated Jun 4, 2026

RYIIX (Rydex Internet Fund) and FIKHX (Fidelity Advisor Technology Fund Class Z) are both Technology Equities funds. Their correlation of 0.84 suggests significant overlap in exposure. RYIIX charges 1.36%/yr vs 0.59%/yr for FIKHX.

Performance

RYIIX vs. FIKHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Internet Fund (RYIIX) and Fidelity Advisor Technology Fund Class Z (FIKHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RYIIX

• 1D: -0.76%
• 1M: 5.85%
• YTD: 7.78%
• 6M: 7.44%
• 1Y: 21.10%
• 3Y*: 22.80%
• 5Y*: 4.33%
• 10Y*: 14.04%

FIKHX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RYIIX vs. FIKHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
RYIIX Rydex Internet Fund	7.78%	18.90%	24.07%	47.95%	-44.54%	-3.87%	61.14%	30.71%	-11.34%
FIKHX Fidelity Advisor Technology Fund Class Z	0.00%	24.77%	35.52%	59.89%	-35.93%	27.74%	64.56%	51.18%	-17.39%

Correlation

The correlation between RYIIX and FIKHX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Oct 18, 2018	0.84

Over the past year, the correlation between RYIIX and FIKHX has dropped to 0.38 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

Return for Risk

RYIIX vs. FIKHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RYIIX

RYIIX Risk / Return Rank: 14
RYIIX Sharpe Ratio Rank: 17
RYIIX Sortino Ratio Rank: 15
RYIIX Omega Ratio Rank: 15
RYIIX Calmar Ratio Rank: 13
RYIIX Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RYIIX vs. FIKHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Internet Fund (RYIIX) and Fidelity Advisor Technology Fund Class Z (FIKHX). 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.

	RYIIX	FIKHX	Difference
Sharpe ratio Return per unit of total volatility	1.16	—	—
Sortino ratio Return per unit of downside risk	1.63	—	—
Omega ratio Gain probability vs. loss probability	1.20	—	—
Calmar ratio Return relative to maximum drawdown	1.21	—	—
Martin ratio Return relative to average drawdown	3.29	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RYIIX	FIKHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	—	—

Drawdowns

Drawdown Indicators

	RYIIX	FIKHX	Difference
Max Drawdown Largest peak-to-trough decline	-83.88%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-18.10%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.36%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-55.57%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-57.25%	—	—
Current Drawdown Current decline from peak	-0.76%	—	—
Average Drawdown Average peak-to-trough decline	-35.14%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.62%	—	—

Volatility

Volatility by Period

	RYIIX	FIKHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.78%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.05%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.28%	—	—

RYIIX vs. FIKHX - Expense Ratio Comparison

RYIIX has a 1.36% expense ratio, which is higher than FIKHX's 0.59% expense ratio.

Dividends

RYIIX vs. FIKHX - Dividend Comparison

RYIIX's dividend yield for the trailing twelve months is around 1.22%, less than FIKHX's 9.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIKHX Fidelity Advisor Technology Fund Class Z	9.85%	9.85%	7.33%	3.86%	3.32%	11.52%	7.42%	2.64%	22.38%	0.00%	0.00%	0.00%
RYIIX Rydex Internet Fund	1.22%	1.32%	0.00%	0.00%	0.00%	30.47%	0.00%	6.89%	15.84%	0.00%	0.00%	0.40%

Frequently Asked Questions

Can I hold both RYIIX and FIKHX in my portfolio?

RYIIX and FIKHX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.