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Fidelity Advisor Health Care Fund Class I (FHCIX) Sharpe Ratio: 1.30

Mutual Fund · Currency in USD · Last updated Jun 20, 2026

The fund normally invests primarily in common stocks. It invests at least 80% of assets in securities of companies principally engaged in the design, manufacture, or sale of products or services used for or in connection with health care or medicine. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.

FHCIX's Sharpe Ratio of 1.30 indicates that for each unit of volatility, it generates 1.30 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 20, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

FHCIX Sharpe Ratio Rank

FHCIX Sharpe Ratio Rank: 24.625
Below Average

FHCIX ranks above 24.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

FHCIX Sharpe Ratio Market Positioning

The chart shows FHCIX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.33 or lower
  • Yellow zone (middle 50%): 1.33 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.30+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Fidelity Advisor Health Care Fund Class I's Sharpe Ratio with other mutual funds in the Health & Biotech Equities category across multiple time periods, showing how FHCIX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 20, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
FBDIXFranklin Biotechnology Discovery Fund3.03
FBIOXFidelity Select Biotechnology Portfolio2.57
FIJYXFidelity Advisor Biotechnology Fund Class Z2.52
FBTIXFidelity Advisor Biotechnology Fund I Class2.51
FBTAXFidelity Advisor Biotechnology Fund Class A2.49
FBTTXFidelity Advisor Biotechnology Fund Class M2.47
FBTCXFidelity Advisor Biotechnology Fund Class C2.44
RYOIXRydex Biotechnology Fund2.31
LYFIXAlphaCentric LifeSci Healthcare Fund2.26
ETIHXEventide Healthcare & Life Sciences Fund2.23
FHCIXFidelity Advisor Health Care Fund Class I1.30

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows FHCIX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FHCIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does FHCIX fit in your portfolio?

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