STPAX vs. FELAX
Compare and contrast key facts about Saratoga Technology & Communications Portfolio (STPAX) and Fidelity Advisor Semiconductors Fund Class A (FELAX).
STPAX is managed by Saratoga. It was launched on Oct 21, 1997. FELAX is managed by Fidelity. It was launched on Dec 27, 2000.
Performance
STPAX vs. FELAX - Performance Comparison
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STPAX vs. FELAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STPAX Saratoga Technology & Communications Portfolio | -10.38% | 16.20% | 20.02% | 45.01% | -31.89% | 16.54% | 26.75% | 45.00% | 0.06% | 27.77% |
FELAX Fidelity Advisor Semiconductors Fund Class A | 7.43% | 44.88% | 43.74% | 75.08% | -35.07% | 57.50% | 43.57% | 63.76% | -12.76% | 34.12% |
Returns By Period
In the year-to-date period, STPAX achieves a -10.38% return, which is significantly lower than FELAX's 7.43% return. Over the past 10 years, STPAX has underperformed FELAX with an annualized return of 14.36%, while FELAX has yielded a comparatively higher 30.52% annualized return.
STPAX
- 1D
- 3.30%
- 1M
- -4.84%
- YTD
- -10.38%
- 6M
- -9.15%
- 1Y
- 12.65%
- 3Y*
- 16.18%
- 5Y*
- 6.10%
- 10Y*
- 14.36%
FELAX
- 1D
- 7.13%
- 1M
- -4.47%
- YTD
- 7.43%
- 6M
- 14.34%
- 1Y
- 88.29%
- 3Y*
- 41.26%
- 5Y*
- 28.70%
- 10Y*
- 30.52%
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STPAX vs. FELAX - Expense Ratio Comparison
STPAX has a 2.53% expense ratio, which is higher than FELAX's 1.01% expense ratio.
Return for Risk
STPAX vs. FELAX — Risk / Return Rank
STPAX
FELAX
STPAX vs. FELAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Technology & Communications Portfolio (STPAX) and Fidelity Advisor Semiconductors Fund Class A (FELAX). 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.
| STPAX | FELAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 2.25 | -1.65 |
Sortino ratioReturn per unit of downside risk | 1.00 | 2.85 | -1.85 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.40 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 5.18 | -4.30 |
Martin ratioReturn relative to average drawdown | 2.95 | 19.59 | -16.63 |
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
| STPAX | FELAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 2.25 | -1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.76 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.89 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.40 | -0.16 |
Correlation
The correlation between STPAX and FELAX is 0.86, 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
STPAX vs. FELAX - Dividend Comparison
STPAX's dividend yield for the trailing twelve months is around 19.30%, more than FELAX's 6.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STPAX Saratoga Technology & Communications Portfolio | 19.30% | 17.30% | 13.90% | 7.63% | 22.55% | 13.94% | 14.21% | 12.52% | 4.84% | 8.32% | 9.28% | 12.58% |
FELAX Fidelity Advisor Semiconductors Fund Class A | 6.48% | 6.96% | 7.02% | 3.40% | 3.32% | 4.34% | 4.51% | 1.00% | 20.15% | 9.67% | 0.36% | 10.71% |
Drawdowns
STPAX vs. FELAX - Drawdown Comparison
The maximum STPAX drawdown since its inception was -94.25%, which is greater than FELAX's maximum drawdown of -71.33%. Use the drawdown chart below to compare losses from any high point for STPAX and FELAX.
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Drawdown Indicators
| STPAX | FELAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.25% | -71.33% | -22.92% |
Max Drawdown (1Y)Largest decline over 1 year | -15.49% | -17.10% | +1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -37.07% | -46.15% | +9.08% |
Max Drawdown (10Y)Largest decline over 10 years | -37.07% | -46.15% | +9.08% |
Current DrawdownCurrent decline from peak | -12.70% | -8.57% | -4.13% |
Average DrawdownAverage peak-to-trough decline | -59.10% | -22.02% | -37.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 4.52% | +0.09% |
Volatility
STPAX vs. FELAX - Volatility Comparison
The current volatility for Saratoga Technology & Communications Portfolio (STPAX) is 6.22%, while Fidelity Advisor Semiconductors Fund Class A (FELAX) has a volatility of 12.79%. This indicates that STPAX experiences smaller price fluctuations and is considered to be less risky than FELAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STPAX | FELAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 12.79% | -6.57% |
Volatility (6M)Calculated over the trailing 6-month period | 12.85% | 25.67% | -12.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.84% | 40.20% | -17.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.69% | 38.07% | -16.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.97% | 34.41% | -12.44% |