AHSAX vs. FBTAX
Compare and contrast key facts about Alger Health Sciences Fund (AHSAX) and Fidelity Advisor Biotechnology Fund Class A (FBTAX).
AHSAX is managed by Alger. It was launched on Apr 30, 2002. FBTAX is managed by Fidelity. It was launched on Dec 27, 2000.
Performance
AHSAX vs. FBTAX - Performance Comparison
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AHSAX vs. FBTAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AHSAX Alger Health Sciences Fund | -3.73% | 10.14% | 1.17% | -4.26% | -17.04% | 3.26% | 30.99% | 22.02% | 5.71% | 33.06% |
FBTAX Fidelity Advisor Biotechnology Fund Class A | 2.24% | 39.54% | 5.37% | 10.70% | -7.95% | -3.10% | 32.17% | 25.74% | -3.86% | 25.80% |
Returns By Period
In the year-to-date period, AHSAX achieves a -3.73% return, which is significantly lower than FBTAX's 2.24% return. Over the past 10 years, AHSAX has underperformed FBTAX with an annualized return of 8.44%, while FBTAX has yielded a comparatively higher 11.86% annualized return.
AHSAX
- 1D
- 2.14%
- 1M
- -6.00%
- YTD
- -3.73%
- 6M
- 8.88%
- 1Y
- 18.01%
- 3Y*
- 2.74%
- 5Y*
- -2.00%
- 10Y*
- 8.44%
FBTAX
- 1D
- 5.08%
- 1M
- -0.75%
- YTD
- 2.24%
- 6M
- 15.54%
- 1Y
- 55.40%
- 3Y*
- 20.44%
- 5Y*
- 8.92%
- 10Y*
- 11.86%
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AHSAX vs. FBTAX - Expense Ratio Comparison
AHSAX has a 1.05% expense ratio, which is higher than FBTAX's 1.00% expense ratio.
Return for Risk
AHSAX vs. FBTAX — Risk / Return Rank
AHSAX
FBTAX
AHSAX vs. FBTAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Health Sciences Fund (AHSAX) and Fidelity Advisor Biotechnology Fund Class A (FBTAX). 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.
| AHSAX | FBTAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 1.94 | -0.90 |
Sortino ratioReturn per unit of downside risk | 1.51 | 2.53 | -1.02 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.33 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 3.16 | -1.37 |
Martin ratioReturn relative to average drawdown | 5.81 | 12.63 | -6.82 |
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
| AHSAX | FBTAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.94 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.38 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.48 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.31 | 0.00 |
Correlation
The correlation between AHSAX and FBTAX 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. FBTAX - Dividend Comparison
AHSAX has not paid dividends to shareholders, while FBTAX's dividend yield for the trailing twelve months is around 1.42%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FBTAX Fidelity Advisor Biotechnology Fund Class A | 1.42% | 1.45% | 6.00% | 1.15% | 0.00% | 20.12% | 8.37% | 6.77% | 2.50% | 0.00% | 0.00% | 5.36% |
Drawdowns
AHSAX vs. FBTAX - Drawdown Comparison
The maximum AHSAX drawdown since its inception was -46.23%, smaller than the maximum FBTAX drawdown of -63.55%. Use the drawdown chart below to compare losses from any high point for AHSAX and FBTAX.
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Drawdown Indicators
| AHSAX | FBTAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.23% | -63.55% | +17.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.67% | -13.60% | +3.93% |
Max Drawdown (5Y)Largest decline over 5 years | -45.04% | -36.51% | -8.53% |
Max Drawdown (10Y)Largest decline over 10 years | -45.04% | -38.82% | -6.22% |
Current DrawdownCurrent decline from peak | -29.98% | -2.54% | -27.44% |
Average DrawdownAverage peak-to-trough decline | -14.61% | -21.34% | +6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 3.71% | -0.73% |
Volatility
AHSAX vs. FBTAX - Volatility Comparison
The current volatility for Alger Health Sciences Fund (AHSAX) is 5.45%, while Fidelity Advisor Biotechnology Fund Class A (FBTAX) has a volatility of 9.36%. This indicates that AHSAX experiences smaller price fluctuations and is considered to be less risky than FBTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHSAX | FBTAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 9.36% | -3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 11.68% | 17.00% | -5.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.52% | 26.00% | -9.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.28% | 23.32% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.38% | 24.59% | -1.21% |