SFPAX vs. FAFDX
Compare and contrast key facts about Saratoga Financial Service Fund (SFPAX) and Fidelity Advisor Financial Services Fund Class A (FAFDX).
SFPAX is managed by BlackRock. It was launched on Aug 1, 2000. FAFDX is managed by BlackRock. It was launched on Sep 3, 1996.
Performance
SFPAX vs. FAFDX - Performance Comparison
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SFPAX vs. FAFDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SFPAX Saratoga Financial Service Fund | 0.00% | 7.00% | 26.05% | 10.58% | -14.36% | 31.17% | -5.81% | 29.63% | -19.23% | 19.28% |
FAFDX Fidelity Advisor Financial Services Fund Class A | -9.46% | 14.91% | 39.01% | 14.03% | -8.93% | 32.90% | -0.25% | 33.77% | -16.09% | 20.17% |
Returns By Period
Over the past 10 years, SFPAX has underperformed FAFDX with an annualized return of 9.11%, while FAFDX has yielded a comparatively higher 12.71% annualized return.
SFPAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -1.78%
- 1Y
- 7.00%
- 3Y*
- 16.47%
- 5Y*
- 7.56%
- 10Y*
- 9.11%
FAFDX
- 1D
- 0.98%
- 1M
- -5.39%
- YTD
- -9.46%
- 6M
- -5.99%
- 1Y
- 4.37%
- 3Y*
- 20.58%
- 5Y*
- 11.02%
- 10Y*
- 12.71%
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SFPAX vs. FAFDX - Expense Ratio Comparison
SFPAX has a 3.81% expense ratio, which is higher than FAFDX's 1.03% expense ratio.
Return for Risk
SFPAX vs. FAFDX — Risk / Return Rank
SFPAX
FAFDX
SFPAX vs. FAFDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Financial Service Fund (SFPAX) and Fidelity Advisor Financial Services Fund Class A (FAFDX). 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.
| SFPAX | FAFDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | 0.25 | +0.24 |
Sortino ratioReturn per unit of downside risk | 0.76 | 0.47 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.07 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.55 | 0.22 | +0.33 |
Martin ratioReturn relative to average drawdown | 2.39 | 0.68 | +1.71 |
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
| SFPAX | FAFDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 0.25 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.52 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.54 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.29 | -0.16 |
Correlation
The correlation between SFPAX and FAFDX is 0.95, 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
SFPAX vs. FAFDX - Dividend Comparison
SFPAX has not paid dividends to shareholders, while FAFDX's dividend yield for the trailing twelve months is around 7.66%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SFPAX Saratoga Financial Service Fund | 0.00% | 0.00% | 5.91% | 5.05% | 5.71% | 5.03% | 4.18% | 7.10% | 22.58% | 0.00% | 0.00% | 0.00% |
FAFDX Fidelity Advisor Financial Services Fund Class A | 7.66% | 6.93% | 9.59% | 2.29% | 5.93% | 4.21% | 2.47% | 1.21% | 4.00% | 0.06% | 0.21% | 0.53% |
Drawdowns
SFPAX vs. FAFDX - Drawdown Comparison
The maximum SFPAX drawdown since its inception was -71.98%, roughly equal to the maximum FAFDX drawdown of -75.69%. Use the drawdown chart below to compare losses from any high point for SFPAX and FAFDX.
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Drawdown Indicators
| SFPAX | FAFDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.98% | -75.69% | +3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -14.39% | +1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -25.14% | -2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -45.64% | -45.99% | +0.35% |
Current DrawdownCurrent decline from peak | -2.65% | -12.19% | +9.54% |
Average DrawdownAverage peak-to-trough decline | -21.06% | -17.73% | -3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 4.64% | -1.49% |
Volatility
SFPAX vs. FAFDX - Volatility Comparison
The current volatility for Saratoga Financial Service Fund (SFPAX) is 0.00%, while Fidelity Advisor Financial Services Fund Class A (FAFDX) has a volatility of 4.51%. This indicates that SFPAX experiences smaller price fluctuations and is considered to be less risky than FAFDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SFPAX | FAFDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 4.51% | -4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 6.73% | 12.41% | -5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.62% | 21.13% | -3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.06% | 21.12% | -2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.67% | 23.83% | -1.16% |