DLHIX vs. FSHCX

Last updated Jul 14, 2026

DLHIX (Delaware Healthcare Fund) and FSHCX (Fidelity Select Health Care Services Portfolio) are both Health & Biotech Equities funds. Over the past 10 years, DLHIX returned 11.11%/yr vs 9.70%/yr for FSHCX. A 0.70 correlation means they provide meaningful diversification when combined. DLHIX charges 0.98%/yr vs 0.71%/yr for FSHCX.

Performance

DLHIX vs. FSHCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Healthcare Fund (DLHIX) and Fidelity Select Health Care Services Portfolio (FSHCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DLHIX achieves a 5.68% return, which is significantly lower than FSHCX's 18.40% return. Over the past 10 years, DLHIX has outperformed FSHCX with an annualized return of 11.11%, while FSHCX has yielded a comparatively lower 9.70% annualized return.

DLHIX

• 1D: -1.73%
• 1M: 6.17%
• 6M: 3.91%
• YTD: 5.68%
• 1Y: 30.85%
• 3Y*: 15.68%
• 5Y*: 8.15%
• 10Y*: 11.11%

FSHCX

• 1D: -0.82%
• 1M: 6.58%
• 6M: 15.90%
• YTD: 18.40%
• 1Y: 29.97%
• 3Y*: 4.18%
• 5Y*: 2.75%
• 10Y*: 9.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DLHIX vs. FSHCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DLHIX Delaware Healthcare Fund	5.68%	22.27%	8.76%	5.42%	-0.99%	5.48%	12.02%	31.82%	-0.59%	32.29%
FSHCX Fidelity Select Health Care Services Portfolio	18.40%	3.85%	-13.21%	1.52%	0.86%	20.22%	18.58%	19.91%	10.17%	24.46%

Correlation

The correlation between DLHIX and FSHCX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Sep 28, 2007	0.70

Over the past year, the correlation between DLHIX and FSHCX has dropped to 0.48 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

Return for Risk

DLHIX vs. FSHCX — Risk / Return Rank

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

DLHIX

DLHIX Risk / Return Rank: 60
DLHIX Sharpe Ratio Rank: 58
DLHIX Sortino Ratio Rank: 63
DLHIX Omega Ratio Rank: 48
DLHIX Calmar Ratio Rank: 79
DLHIX Martin Ratio Rank: 51

FSHCX

FSHCX Risk / Return Rank: 38
FSHCX Sharpe Ratio Rank: 43
FSHCX Sortino Ratio Rank: 37
FSHCX Omega Ratio Rank: 44
FSHCX Calmar Ratio Rank: 34
FSHCX Martin Ratio Rank: 31

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.

DLHIX vs. FSHCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Healthcare Fund (DLHIX) and Fidelity Select Health Care Services Portfolio (FSHCX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DLHIX	FSHCX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.45	+0.25
Sortino ratio: Return per unit of downside risk	2.50	1.94	+0.56
Omega ratio: Gain probability vs. loss probability	1.28	1.27	+0.01
Calmar ratio: Return relative to maximum drawdown	2.86	1.75	+1.11
Martin ratio: Return relative to average drawdown	8.27	5.51	+2.77

DLHIX vs. FSHCX - Sharpe Ratio Comparison

The current DLHIX Sharpe Ratio is 1.70, which is comparable to the FSHCX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of DLHIX and FSHCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DLHIX vs. FSHCX - Drawdown Comparison

The maximum DLHIX drawdown since its inception was -34.64%, smaller than the maximum FSHCX drawdown of -57.81%. Use the drawdown chart below to compare losses from any high point for DLHIX and FSHCX.

Drawdown Indicators

	DLHIX	FSHCX	Difference
Max Drawdown Largest peak-to-trough decline	-34.64%	-57.81%	+23.17%
Max Drawdown (1Y) Largest decline over 1 year	-10.30%	-16.65%	+6.35%
Max Drawdown (3Y) Largest decline over 3 years	-19.79%	-29.52%	+9.73%
Max Drawdown (5Y) Largest decline over 5 years	-19.79%	-29.52%	+9.73%
Max Drawdown (10Y) Largest decline over 10 years	-25.60%	-35.48%	+9.88%
Current Drawdown Current decline from peak	-2.48%	-1.27%	-1.21%
Average Drawdown Average peak-to-trough decline	-5.54%	-11.35%	+5.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	5.34%	-1.78%

Volatility

DLHIX vs. FSHCX - Volatility Comparison

Delaware Healthcare Fund (DLHIX) has a higher volatility of 5.56% compared to Fidelity Select Health Care Services Portfolio (FSHCX) at 5.06%. This indicates that DLHIX's price experiences larger fluctuations and is considered to be riskier than FSHCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLHIX	FSHCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.56%	5.06%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	12.63%	15.90%	-3.27%
Volatility (1Y) Calculated over the trailing 1-year period	17.32%	20.12%	-2.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.12%	19.32%	-3.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.90%	21.50%	-3.60%

DLHIX vs. FSHCX - Expense Ratio Comparison

DLHIX has a 0.98% expense ratio, which is higher than FSHCX's 0.71% expense ratio.

Dividends

DLHIX vs. FSHCX - Dividend Comparison

DLHIX's dividend yield for the trailing twelve months is around 10.56%, more than FSHCX's 0.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLHIX Delaware Healthcare Fund	10.56%	11.16%	14.00%	6.97%	9.16%	5.41%	6.19%	7.63%	2.11%	3.23%	8.20%	7.90%
FSHCX Fidelity Select Health Care Services Portfolio	0.64%	0.75%	16.63%	0.57%	5.32%	7.09%	0.76%	0.27%	12.92%	13.41%	4.62%	4.06%

Frequently Asked Questions

Can I hold both DLHIX and FSHCX in my portfolio?

DLHIX and FSHCX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DLHIX or FSHCX?

DLHIX has higher volatility (5.56%) compared to FSHCX (5.06%). In terms of maximum drawdown, DLHIX dropped -34.64% vs FSHCX's -57.81%.

Which has better risk-adjusted returns?

DLHIX currently has the higher Sharpe Ratio (1.70 vs 1.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.