SFPAX vs. FIKBX
SFPAX (Saratoga Financial Service Fund) and FIKBX (Fidelity Advisor Financial Services Fund Class Z) are both Financials Equities funds from BlackRock. Over the past 5 years, SFPAX returned 6.22%/yr vs 13.43%/yr for FIKBX. Their correlation of 0.94 means they have usually moved in the same direction. SFPAX charges 3.81%/yr vs 0.64%/yr for FIKBX.
Performance
SFPAX vs. FIKBX - Performance Comparison
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Returns By Period
SFPAX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 2.51%
- 3Y*
- 15.10%
- 5Y*
- 6.22%
- 10Y*
- 9.04%
- ALL TIME*
- 3.28%
FIKBX
- 1D
- 0.89%
- 1M
- 3.00%
- 6M
- 9.57%
- YTD
- 9.88%
- 1Y
- 19.98%
- 3Y*
- 22.85%
- 5Y*
- 13.43%
- 10Y*
- —
- ALL TIME*
- 14.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SFPAX vs. FIKBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SFPAX Saratoga Financial Service Fund | 0.00% | 7.00% | 26.05% | 10.58% | -14.36% | 31.17% | -5.81% | 29.63% | -12.97% |
FIKBX Fidelity Advisor Financial Services Fund Class Z | 9.88% | 15.36% | 32.80% | 14.47% | -8.58% | 33.43% | 0.18% | 34.31% | -11.43% |
Correlation
The correlation between SFPAX and FIKBX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.94 |
Over the past year, the correlation between SFPAX and FIKBX has dropped to 0.46 - well below their long-term average of 0.94, suggesting their price drivers have been diverging.
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Return for Risk
SFPAX vs. FIKBX — Risk / Return Rank
SFPAX
FIKBX
SFPAX vs. FIKBX - 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 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.
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.
| SFPAX | FIKBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.19 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 1.29 | -1.50 |
| Martin ratioReturn relative to average drawdown | -0.42 | 3.72 | -4.13 |
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Drawdowns
SFPAX vs. FIKBX - Drawdown Comparison
The maximum SFPAX drawdown since its inception was -71.98%, which is greater than FIKBX's maximum drawdown of -45.95%. Use the drawdown chart below to compare losses from any high point for SFPAX and FIKBX.
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Drawdown Indicators
| SFPAX | FIKBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.98% | -45.95% | -26.03% |
Max Drawdown (1Y)Largest decline over 1 year | -4.86% | -12.96% | +8.10% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -19.38% | +1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -24.82% | -2.69% |
Max Drawdown (10Y)Largest decline over 10 years | -45.64% | — | — |
Current DrawdownCurrent decline from peak | -2.65% | -0.74% | -1.91% |
Average DrawdownAverage peak-to-trough decline | -20.91% | -7.96% | -12.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 4.50% | -2.18% |
Volatility
SFPAX vs. FIKBX - Volatility Comparison
The current volatility for Saratoga Financial Service Fund (SFPAX) is 0.00%, while Fidelity Advisor Financial Services Fund Class Z (FIKBX) has a volatility of 4.83%. This indicates that SFPAX 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.
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Volatility by Period
| SFPAX | FIKBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 4.83% | -4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | 12.27% | -10.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.20% | 16.19% | -6.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 20.54% | -1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.51% | 25.76% | -3.25% |
SFPAX vs. FIKBX - Expense Ratio Comparison
SFPAX has a 3.81% expense ratio, which is higher than FIKBX's 0.64% expense ratio.
Dividends
SFPAX vs. FIKBX - Dividend Comparison
SFPAX has not paid dividends to shareholders, while FIKBX's dividend yield for the trailing twelve months is around 6.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FIKBX Fidelity Advisor Financial Services Fund Class Z | 6.47% | 7.11% | 5.04% | 2.48% | 6.20% | 4.43% | 2.78% | 1.59% | 4.47% |
SFPAX Saratoga Financial Service Fund | 0.00% | 0.00% | 5.91% | 5.05% | 5.71% | 5.03% | 4.18% | 7.10% | 22.58% |
Frequently Asked Questions
SFPAX and FIKBX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIKBX has higher volatility (4.83%) compared to SFPAX (0.00%). In terms of maximum drawdown, SFPAX dropped -71.98% vs FIKBX's -45.95%.
FIKBX currently has the higher Sharpe Ratio (1.03 vs -0.11), 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.
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