FACDX vs. SHSAX
FACDX (Fidelity Advisor Health Care Fund Class A) and SHSAX (BlackRock Health Sciences Opportunities Portfolio) are both Health & Biotech Equities funds. Over the past 10 years, FACDX returned 9.73%/yr vs 10.13%/yr for SHSAX. Their correlation of 0.91 suggests significant overlap in exposure. FACDX charges 0.97%/yr vs 1.09%/yr for SHSAX.
Performance
FACDX vs. SHSAX - Performance Comparison
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Returns By Period
In the year-to-date period, FACDX achieves a 11.36% return, which is significantly higher than SHSAX's 5.07% return. Both investments have delivered pretty close results over the past 10 years, with FACDX having a 9.73% annualized return and SHSAX not far ahead at 10.13%.
FACDX
- 1D
- -1.74%
- 1M
- 11.98%
- 6M
- 10.08%
- YTD
- 11.36%
- 1Y
- 32.40%
- 3Y*
- 10.90%
- 5Y*
- 3.85%
- 10Y*
- 9.73%
SHSAX
- 1D
- -1.41%
- 1M
- 6.50%
- 6M
- 3.71%
- YTD
- 5.07%
- 1Y
- 22.88%
- 3Y*
- 9.48%
- 5Y*
- 4.77%
- 10Y*
- 10.13%
FACDX vs. SHSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FACDX Fidelity Advisor Health Care Fund Class A | 11.36% | 14.19% | 3.97% | 3.81% | -13.07% | 11.25% | 21.07% | 27.89% | 7.20% | 24.09% |
SHSAX BlackRock Health Sciences Opportunities Portfolio | 5.07% | 15.85% | 3.73% | 3.59% | -5.94% | 11.88% | 19.44% | 25.27% | 7.93% | 24.74% |
Correlation
The correlation between FACDX and SHSAX is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2000 | 0.91 |
The correlation between FACDX and SHSAX has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
FACDX vs. SHSAX — Risk / Return Rank
FACDX
SHSAX
FACDX vs. SHSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Health Care Fund Class A (FACDX) and BlackRock Health Sciences Opportunities Portfolio (SHSAX). 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 | SHSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 2.22 | +0.09 |
| Martin ratioReturn relative to average drawdown | 6.06 | 5.33 | +0.73 |
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Drawdowns
FACDX vs. SHSAX - Drawdown Comparison
The maximum FACDX drawdown since its inception was -44.55%, which is greater than SHSAX's maximum drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for FACDX and SHSAX.
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Drawdown Indicators
| FACDX | SHSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.55% | -35.49% | -9.06% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | -9.87% | -3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -17.49% | -16.08% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -29.35% | -17.99% | -11.36% |
Max Drawdown (10Y)Largest decline over 10 years | -29.35% | -28.36% | -0.99% |
Current DrawdownCurrent decline from peak | -1.74% | -2.58% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -9.33% | -6.16% | -3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.10% | 4.11% | +0.99% |
Volatility
FACDX vs. SHSAX - Volatility Comparison
Fidelity Advisor Health Care Fund Class A (FACDX) and BlackRock Health Sciences Opportunities Portfolio (SHSAX) have volatilities of 5.48% and 5.73%, 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 | SHSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 5.73% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 13.40% | 11.56% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.09% | 14.93% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.14% | 14.60% | +3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 16.56% | +2.24% |
FACDX vs. SHSAX - Expense Ratio Comparison
FACDX has a 0.97% expense ratio, which is lower than SHSAX's 1.09% expense ratio.
Dividends
FACDX vs. SHSAX - Dividend Comparison
FACDX's dividend yield for the trailing twelve months is around 11.93%, more than SHSAX's 10.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FACDX Fidelity Advisor Health Care Fund Class A | 11.93% | 13.28% | 12.33% | 0.00% | 0.00% | 6.24% | 5.94% | 0.32% | 5.08% | 0.00% | 0.00% | 6.66% |
SHSAX BlackRock Health Sciences Opportunities Portfolio | 10.12% | 10.63% | 9.18% | 3.84% | 7.44% | 9.20% | 4.34% | 3.89% | 8.56% | 3.53% | 2.43% | 12.58% |
Frequently Asked Questions
FACDX and SHSAX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHSAX has higher volatility (5.73%) compared to FACDX (5.48%). In terms of maximum drawdown, FACDX dropped -44.55% vs SHSAX's -35.49%.
FACDX currently has the higher Sharpe Ratio (1.81 vs 1.47), 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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