SBFAX vs. FIKBX

Last updated Apr 2, 2026

Compare and contrast key facts about 1919 Financial Services Fund (SBFAX) and Fidelity Advisor Financial Services Fund Class Z (FIKBX).

SBFAX is managed by BlackRock. It was launched on Nov 16, 1998. FIKBX is managed by BlackRock. It was launched on Oct 2, 2018.

Performance

SBFAX vs. FIKBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 1919 Financial Services Fund (SBFAX) and Fidelity Advisor Financial Services Fund Class Z (FIKBX). The values are adjusted to include any dividend payments, if applicable.

SBFAX vs. FIKBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SBFAX 1919 Financial Services Fund	-6.51%	4.29%	24.86%	1.50%	-13.99%	30.74%	0.14%	29.11%	-14.05%
FIKBX Fidelity Advisor Financial Services Fund Class Z	-7.25%	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, SBFAX achieves a -6.51% return, which is significantly higher than FIKBX's -7.25% return.

SBFAX

• 1D: 1.64%
• 1M: -3.96%
• YTD: -6.51%
• 6M: -5.56%
• 1Y: -3.79%
• 3Y*: 11.91%
• 5Y*: 2.95%
• 10Y*: 8.60%

FIKBX

• 1D: 2.32%
• 1M: -3.90%
• YTD: -7.25%
• 6M: -2.46%
• 1Y: 7.21%
• 3Y*: 19.99%
• 5Y*: 10.62%
• 10Y*: —

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

SBFAX vs. FIKBX - Expense Ratio Comparison

SBFAX has a 1.36% expense ratio, which is higher than FIKBX's 0.64% expense ratio.

SBFAX

1919 Financial Services Fund

FIKBX

Fidelity Advisor Financial Services Fund Class Z

Return for Risk

SBFAX vs. FIKBX — Risk / Return Rank

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

SBFAX

SBFAX Risk / Return Rank: 2
SBFAX Sharpe Ratio Rank: 2
SBFAX Sortino Ratio Rank: 2
SBFAX Omega Ratio Rank: 2
SBFAX Calmar Ratio Rank: 3
SBFAX Martin Ratio Rank: 2

FIKBX

FIKBX Risk / Return Rank: 12
FIKBX Sharpe Ratio Rank: 10
FIKBX Sortino Ratio Rank: 10
FIKBX Omega Ratio Rank: 11
FIKBX Calmar Ratio Rank: 15
FIKBX Martin Ratio Rank: 14

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.

SBFAX vs. FIKBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 1919 Financial Services Fund (SBFAX) 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.

	SBFAX	FIKBX	Difference
Sharpe ratio Return per unit of total volatility	-0.22	0.34	-0.56
Sortino ratio Return per unit of downside risk	-0.18	0.60	-0.78
Omega ratio Gain probability vs. loss probability	0.98	1.09	-0.11
Calmar ratio Return relative to maximum drawdown	-0.26	0.57	-0.83
Martin ratio Return relative to average drawdown	-0.68	1.76	-2.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SBFAX vs. FIKBX - Sharpe Ratio Comparison

The current SBFAX Sharpe Ratio is -0.22, which is lower than the FIKBX Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of SBFAX and FIKBX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SBFAX	FIKBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	0.34	-0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.51	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.47	-0.07

Correlation

The correlation between SBFAX and FIKBX is 0.96, 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

SBFAX vs. FIKBX - Dividend Comparison

SBFAX's dividend yield for the trailing twelve months is around 15.52%, more than FIKBX's 7.67% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SBFAX 1919 Financial Services Fund	15.52%	14.51%	10.60%	10.93%	2.40%	4.83%	5.09%	3.84%	1.58%	0.00%	2.93%	7.25%
FIKBX Fidelity Advisor Financial Services Fund Class Z	7.67%	7.11%	5.04%	2.48%	6.20%	4.43%	2.78%	1.59%	4.47%	0.00%	0.00%	0.00%

Drawdowns

SBFAX vs. FIKBX - Drawdown Comparison

The maximum SBFAX drawdown since its inception was -49.33%, which is greater than FIKBX's maximum drawdown of -45.95%. Use the drawdown chart below to compare losses from any high point for SBFAX and FIKBX.

Drawdown Indicators

	SBFAX	FIKBX	Difference
Max Drawdown Largest peak-to-trough decline	-49.33%	-45.95%	-3.38%
Max Drawdown (1Y) Largest decline over 1 year	-11.95%	-14.41%	+2.46%
Max Drawdown (5Y) Largest decline over 5 years	-33.94%	-24.82%	-9.12%
Max Drawdown (10Y) Largest decline over 10 years	-43.58%	—	—
Current Drawdown Current decline from peak	-9.34%	-10.05%	+0.71%
Average Drawdown Average peak-to-trough decline	-9.53%	-8.17%	-1.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.57%	4.65%	-0.08%

Volatility

SBFAX vs. FIKBX - Volatility Comparison

The current volatility for 1919 Financial Services Fund (SBFAX) is 4.12%, while Fidelity Advisor Financial Services Fund Class Z (FIKBX) has a volatility of 5.10%. This indicates that SBFAX experiences smaller price fluctuations and is considered to be less risky than FIKBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBFAX	FIKBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.12%	5.10%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	11.04%	12.65%	-1.61%
Volatility (1Y) Calculated over the trailing 1-year period	18.20%	21.23%	-3.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.43%	20.81%	-1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.85%	26.15%	-3.30%