TOWTX vs. FELAX
Compare and contrast key facts about Towpath Technology Fund (TOWTX) and Fidelity Advisor Semiconductors Fund Class A (FELAX).
TOWTX is managed by Oelschlager Investments. It was launched on Feb 2, 2021. FELAX is managed by Fidelity. It was launched on Dec 27, 2000.
Performance
TOWTX vs. FELAX - Performance Comparison
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TOWTX vs. FELAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TOWTX Towpath Technology Fund | -9.57% | 9.55% | 12.82% | 29.78% | -15.96% | 17.73% |
FELAX Fidelity Advisor Semiconductors Fund Class A | 0.28% | 44.88% | 43.74% | 75.08% | -35.07% | 49.12% |
Returns By Period
In the year-to-date period, TOWTX achieves a -9.57% return, which is significantly lower than FELAX's 0.28% return.
TOWTX
- 1D
- -0.07%
- 1M
- -5.09%
- YTD
- -9.57%
- 6M
- -7.05%
- 1Y
- 3.98%
- 3Y*
- 10.31%
- 5Y*
- 6.11%
- 10Y*
- —
FELAX
- 1D
- -4.25%
- 1M
- -10.01%
- YTD
- 0.28%
- 6M
- 8.18%
- 1Y
- 77.14%
- 3Y*
- 38.05%
- 5Y*
- 27.80%
- 10Y*
- 29.63%
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TOWTX vs. FELAX - Expense Ratio Comparison
TOWTX has a 1.10% expense ratio, which is higher than FELAX's 1.01% expense ratio.
Return for Risk
TOWTX vs. FELAX — Risk / Return Rank
TOWTX
FELAX
TOWTX vs. FELAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Towpath Technology Fund (TOWTX) 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.
| TOWTX | FELAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 1.93 | -1.70 |
Sortino ratioReturn per unit of downside risk | 0.45 | 2.54 | -2.09 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.36 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 0.16 | 4.16 | -4.00 |
Martin ratioReturn relative to average drawdown | 0.51 | 15.82 | -15.31 |
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
| TOWTX | FELAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 1.93 | -1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.74 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.39 | -0.39 |
Correlation
The correlation between TOWTX and FELAX is 0.74, 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
TOWTX vs. FELAX - Dividend Comparison
TOWTX's dividend yield for the trailing twelve months is around 1.88%, less than FELAX's 6.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TOWTX Towpath Technology Fund | 1.88% | 1.70% | 3.55% | 0.42% | 0.57% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FELAX Fidelity Advisor Semiconductors Fund Class A | 6.94% | 6.96% | 7.02% | 3.40% | 3.32% | 4.34% | 4.51% | 1.00% | 20.15% | 9.67% | 0.36% | 10.71% |
Drawdowns
TOWTX vs. FELAX - Drawdown Comparison
The maximum TOWTX drawdown since its inception was -98.79%, which is greater than FELAX's maximum drawdown of -71.33%. Use the drawdown chart below to compare losses from any high point for TOWTX and FELAX.
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Drawdown Indicators
| TOWTX | FELAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.79% | -71.33% | -27.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -17.10% | +5.48% |
Max Drawdown (5Y)Largest decline over 5 years | -98.79% | -46.15% | -52.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.15% | — |
Current DrawdownCurrent decline from peak | -98.60% | -14.66% | -83.94% |
Average DrawdownAverage peak-to-trough decline | -26.18% | -22.02% | -4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 4.49% | -0.89% |
Volatility
TOWTX vs. FELAX - Volatility Comparison
The current volatility for Towpath Technology Fund (TOWTX) is 4.10%, while Fidelity Advisor Semiconductors Fund Class A (FELAX) has a volatility of 10.50%. This indicates that TOWTX 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
| TOWTX | FELAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 10.50% | -6.40% |
Volatility (6M)Calculated over the trailing 6-month period | 11.08% | 24.76% | -13.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.27% | 39.68% | -21.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3,101.36% | 37.96% | +3,063.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,035.66% | 34.34% | +3,001.32% |