Fidelity Advisor Health Care Fund Class M (FACTX)

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The chart shows the growth of an initial investment of $10,000 in Fidelity Advisor Health Care Fund Class M, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Fidelity Advisor Health Care Fund Class M (FACTX) has returned -9.71% so far this year and -9.38% over the past 12 months. Over the last ten years, FACTX has returned 6.56% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Aug 30, 1996, FACTX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, your investment would double in approximately 6.7 years.

Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +12.9%, while the worst month was Oct 2008 at -17.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FACTX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +11.5%, while the worst single day was Dec 29, 2025 at -13.7%.

Fidelity Advisor Health Care Fund Class M has an annualized alpha of 3.52%, beta of 0.79, and R² of 0.63 versus S&P 500 Index. Calculated based on daily prices since September 03, 1996.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (84.50%) than losses (77.14%) — typical of diversified or defensive assets.
• This fund generated an annualized alpha of 3.52% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

FACTX has a high expense ratio of 1.22%, indicating above-average management fees.

FACTX ranks 2 for risk / return — in the bottom 2% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Fidelity Advisor Health Care Fund Class M (FACTX) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity Advisor Health Care Fund Class M provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.

The table displays the monthly dividend distributions for Fidelity Advisor Health Care Fund Class M. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity Advisor Health Care Fund Class M. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Advisor Health Care Fund Class M was 46.07%, occurring on Nov 20, 2008. Recovery took 535 trading sessions.

The current Fidelity Advisor Health Care Fund Class M drawdown is 23.87%.

The chart below shows the rolling one-month volatility.