FACDX vs. AHSAX
FACDX (Fidelity Advisor Health Care Fund Class A) and AHSAX (Alger Health Sciences Fund) are both Health & Biotech Equities funds. Over the past 10 years, FACDX returned 9.49%/yr vs 9.50%/yr for AHSAX. Their correlation of 0.90 suggests significant overlap in exposure. FACDX charges 0.97%/yr vs 1.05%/yr for AHSAX.
Performance
FACDX vs. AHSAX - Performance Comparison
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Returns By Period
In the year-to-date period, FACDX achieves a 1.03% return, which is significantly lower than AHSAX's 4.52% return. Both investments have delivered pretty close results over the past 10 years, with FACDX having a 9.49% annualized return and AHSAX not far ahead at 9.50%.
FACDX
- 1D
- 1.14%
- 1M
- 4.44%
- YTD
- 1.03%
- 6M
- -0.31%
- 1Y
- 22.20%
- 3Y*
- 6.73%
- 5Y*
- 2.18%
- 10Y*
- 9.49%
AHSAX
- 1D
- 0.55%
- 1M
- 4.15%
- YTD
- 4.52%
- 6M
- 3.43%
- 1Y
- 28.60%
- 3Y*
- 4.79%
- 5Y*
- -2.07%
- 10Y*
- 9.50%
FACDX vs. AHSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FACDX Fidelity Advisor Health Care Fund Class A | 1.03% | 14.19% | 3.97% | 3.81% | -13.07% | 11.25% | 21.07% | 27.89% | 7.20% | 24.09% |
AHSAX Alger Health Sciences Fund | 4.52% | 10.14% | 1.17% | -4.26% | -17.04% | 3.26% | 30.99% | 22.02% | 5.71% | 33.06% |
Correlation
The correlation between FACDX and AHSAX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003 | 0.90 |
The correlation between FACDX and AHSAX has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.
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Return for Risk
FACDX vs. AHSAX — Risk / Return Rank
FACDX
AHSAX
FACDX vs. AHSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Health Care Fund Class A (FACDX) and Alger Health Sciences Fund (AHSAX). 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.
| FACDX | AHSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.31 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 2.99 | -1.31 |
| Martin ratioReturn relative to average drawdown | 4.42 | 9.17 | -4.75 |
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Drawdowns
FACDX vs. AHSAX - Drawdown Comparison
The maximum FACDX drawdown since its inception was -44.55%, roughly equal to the maximum AHSAX drawdown of -46.23%. Use the drawdown chart below to compare losses from any high point for FACDX and AHSAX.
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Drawdown Indicators
| FACDX | AHSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.55% | -46.23% | +1.68% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | -9.67% | -3.76% |
Max Drawdown (3Y)Largest decline over 3 years | -17.49% | -23.11% | +5.62% |
Max Drawdown (5Y)Largest decline over 5 years | -29.35% | -45.04% | +15.69% |
Max Drawdown (10Y)Largest decline over 10 years | -29.35% | -45.04% | +15.69% |
Current DrawdownCurrent decline from peak | -3.19% | -23.99% | +20.80% |
Average DrawdownAverage peak-to-trough decline | -9.34% | -14.73% | +5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.09% | 3.15% | +1.94% |
Volatility
FACDX vs. AHSAX - Volatility Comparison
Fidelity Advisor Health Care Fund Class A (FACDX) and Alger Health Sciences Fund (AHSAX) have volatilities of 5.89% and 5.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FACDX | AHSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 5.62% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 12.69% | 12.41% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 15.79% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 24.16% | -6.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.82% | 23.35% | -4.53% |
FACDX vs. AHSAX - Expense Ratio Comparison
FACDX has a 0.97% expense ratio, which is lower than AHSAX's 1.05% expense ratio.
Dividends
FACDX vs. AHSAX - Dividend Comparison
FACDX's dividend yield for the trailing twelve months is around 13.15%, while AHSAX has not paid dividends to shareholders.
| Position | 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% |
FACDX Fidelity Advisor Health Care Fund Class A | 13.15% | 13.28% | 12.33% | 0.00% | 0.00% | 6.24% | 5.94% | 0.32% | 5.08% | 0.00% | 0.00% | 6.66% |
Frequently Asked Questions
FACDX and AHSAX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FACDX has higher volatility (5.89%) compared to AHSAX (5.62%). In terms of maximum drawdown, FACDX dropped -44.55% vs AHSAX's -46.23%.
AHSAX currently has the higher Sharpe Ratio (1.84 vs 1.37), 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.
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