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AHSAX vs. FBIOX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

AHSAX vs. FBIOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Health Sciences Fund (AHSAX) and Fidelity Select Biotechnology Portfolio (FBIOX). The values are adjusted to include any dividend payments, if applicable.

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AHSAX vs. FBIOX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
AHSAX
Alger Health Sciences Fund
-5.75%10.14%1.17%-4.26%-17.04%3.26%30.99%22.02%5.71%33.06%
FBIOX
Fidelity Select Biotechnology Portfolio
-3.22%36.38%7.26%10.09%-15.87%-12.26%38.62%36.12%-10.92%27.87%

Returns By Period

In the year-to-date period, AHSAX achieves a -5.75% return, which is significantly lower than FBIOX's -3.22% return. Over the past 10 years, AHSAX has underperformed FBIOX with an annualized return of 8.21%, while FBIOX has yielded a comparatively higher 9.85% annualized return.


AHSAX

1D
0.28%
1M
-8.71%
YTD
-5.75%
6M
7.29%
1Y
14.55%
3Y*
2.02%
5Y*
-2.34%
10Y*
8.21%

FBIOX

1D
0.08%
1M
-6.89%
YTD
-3.22%
6M
11.54%
1Y
33.83%
3Y*
17.53%
5Y*
3.77%
10Y*
9.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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AHSAX vs. FBIOX - Expense Ratio Comparison

AHSAX has a 1.05% expense ratio, which is higher than FBIOX's 0.69% expense ratio.


Return for Risk

AHSAX vs. FBIOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AHSAX
AHSAX Risk / Return Rank: 4747
Overall Rank
AHSAX Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
AHSAX Sortino Ratio Rank: 4444
Sortino Ratio Rank
AHSAX Omega Ratio Rank: 3333
Omega Ratio Rank
AHSAX Calmar Ratio Rank: 6565
Calmar Ratio Rank
AHSAX Martin Ratio Rank: 4949
Martin Ratio Rank

FBIOX
FBIOX Risk / Return Rank: 7676
Overall Rank
FBIOX Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
FBIOX Sortino Ratio Rank: 7575
Sortino Ratio Rank
FBIOX Omega Ratio Rank: 6464
Omega Ratio Rank
FBIOX Calmar Ratio Rank: 8585
Calmar Ratio Rank
FBIOX Martin Ratio Rank: 7979
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AHSAX vs. FBIOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Health Sciences Fund (AHSAX) and Fidelity Select Biotechnology Portfolio (FBIOX). 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.


AHSAXFBIOXDifference

Sharpe ratio

Return per unit of total volatility

0.91

1.35

-0.44

Sortino ratio

Return per unit of downside risk

1.35

1.84

-0.49

Omega ratio

Gain probability vs. loss probability

1.17

1.24

-0.07

Calmar ratio

Return relative to maximum drawdown

1.50

2.10

-0.60

Martin ratio

Return relative to average drawdown

4.92

7.73

-2.82

AHSAX vs. FBIOX - Sharpe Ratio Comparison

The current AHSAX Sharpe Ratio is 0.91, which is lower than the FBIOX Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of AHSAX and FBIOX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


AHSAXFBIOXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.91

1.35

-0.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.10

0.15

-0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.35

0.37

-0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.47

-0.16

Correlation

The correlation between AHSAX and FBIOX is 0.85, 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

AHSAX vs. FBIOX - Dividend Comparison

AHSAX has not paid dividends to shareholders, while FBIOX's dividend yield for the trailing twelve months is around 2.55%.


TTM20252024202320222021202020192018201720162015
AHSAX
Alger Health Sciences Fund
0.00%0.00%0.00%0.00%0.00%27.18%11.68%6.98%7.82%0.00%0.00%0.00%
FBIOX
Fidelity Select Biotechnology Portfolio
2.55%2.47%1.21%0.45%0.00%14.48%19.46%8.89%11.18%1.41%3.42%6.71%

Drawdowns

AHSAX vs. FBIOX - Drawdown Comparison

The maximum AHSAX drawdown since its inception was -46.23%, smaller than the maximum FBIOX drawdown of -71.98%. Use the drawdown chart below to compare losses from any high point for AHSAX and FBIOX.


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Drawdown Indicators


AHSAXFBIOXDifference

Max Drawdown

Largest peak-to-trough decline

-46.23%

-71.98%

+25.75%

Max Drawdown (1Y)

Largest decline over 1 year

-9.67%

-12.27%

+2.60%

Max Drawdown (5Y)

Largest decline over 5 years

-45.04%

-44.87%

-0.17%

Max Drawdown (10Y)

Largest decline over 10 years

-45.04%

-48.66%

+3.62%

Current Drawdown

Current decline from peak

-31.45%

-7.32%

-24.13%

Average Drawdown

Average peak-to-trough decline

-14.61%

-23.72%

+9.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.95%

4.05%

-1.10%

Volatility

AHSAX vs. FBIOX - Volatility Comparison

The current volatility for Alger Health Sciences Fund (AHSAX) is 4.84%, while Fidelity Select Biotechnology Portfolio (FBIOX) has a volatility of 7.30%. This indicates that AHSAX experiences smaller price fluctuations and is considered to be less risky than FBIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


AHSAXFBIOXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.84%

7.30%

-2.46%

Volatility (6M)

Calculated over the trailing 6-month period

11.50%

14.68%

-3.18%

Volatility (1Y)

Calculated over the trailing 1-year period

16.42%

23.91%

-7.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.29%

24.85%

-0.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.37%

26.38%

-3.01%