FACTX vs. GGHCX

Last updated Jun 24, 2026

FACTX (Fidelity Advisor Health Care Fund Class M) and GGHCX (Invesco Health Care Fund) are both Health & Biotech Equities funds. Over the past 10 years, FACTX returned 7.71%/yr vs 7.54%/yr for GGHCX. Their correlation of 0.87 suggests significant overlap in exposure. FACTX charges 1.22%/yr vs 1.04%/yr for GGHCX.

Performance

FACTX vs. GGHCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Health Care Fund Class M (FACTX) and Invesco Health Care Fund (GGHCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FACTX achieves a 0.91% return, which is significantly higher than GGHCX's -2.87% return. Both investments have delivered pretty close results over the past 10 years, with FACTX having a 7.71% annualized return and GGHCX not far behind at 7.54%.

FACTX

• 1D: 1.13%
• 1M: 4.42%
• YTD: 0.91%
• 6M: -13.26%
• 1Y: 6.21%
• 3Y*: 1.68%
• 5Y*: -0.84%
• 10Y*: 7.71%

GGHCX

• 1D: 0.86%
• 1M: 2.12%
• YTD: -2.87%
• 6M: -3.54%
• 1Y: 11.17%
• 3Y*: 5.69%
• 5Y*: 2.26%
• 10Y*: 7.54%

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

FACTX vs. GGHCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FACTX Fidelity Advisor Health Care Fund Class M	0.91%	-0.76%	3.72%	3.54%	-13.30%	10.97%	20.77%	27.57%	6.91%	23.72%
GGHCX Invesco Health Care Fund	-2.87%	15.48%	3.96%	3.05%	-13.53%	12.05%	14.52%	32.01%	0.27%	15.51%

Correlation

The correlation between FACTX and GGHCX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Aug 30, 1996	0.87

The correlation between FACTX and GGHCX has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.

Return for Risk

FACTX vs. GGHCX — Risk / Return Rank

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

FACTX

FACTX Risk / Return Rank: 5
FACTX Sharpe Ratio Rank: 5
FACTX Sortino Ratio Rank: 5
FACTX Omega Ratio Rank: 6
FACTX Calmar Ratio Rank: 4
FACTX Martin Ratio Rank: 4

GGHCX

GGHCX Risk / Return Rank: 11
GGHCX Sharpe Ratio Rank: 12
GGHCX Sortino Ratio Rank: 13
GGHCX Omega Ratio Rank: 11
GGHCX Calmar Ratio Rank: 10
GGHCX Martin Ratio Rank: 8

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.

FACTX vs. GGHCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Health Care Fund Class M (FACTX) and Invesco Health Care Fund (GGHCX). 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.

	FACTX	GGHCX	Difference
Sharpe ratio: Return per unit of total volatility	0.30	0.89	-0.59
Sortino ratio: Return per unit of downside risk	0.50	1.38	-0.87
Omega ratio: Gain probability vs. loss probability	1.08	1.16	-0.07
Calmar ratio: Return relative to maximum drawdown	0.27	0.89	-0.62
Martin ratio: Return relative to average drawdown	0.51	1.96	-1.45

FACTX vs. GGHCX - Sharpe Ratio Comparison

The current FACTX Sharpe Ratio is 0.30, which is lower than the GGHCX Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of FACTX and GGHCX, 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

FACTX vs. GGHCX - Drawdown Comparison

The maximum FACTX drawdown since its inception was -46.07%, which is greater than GGHCX's maximum drawdown of -40.23%. Use the drawdown chart below to compare losses from any high point for FACTX and GGHCX.

Drawdown Indicators

	FACTX	GGHCX	Difference
Max Drawdown Largest peak-to-trough decline	-46.07%	-40.23%	-5.84%
Max Drawdown (1Y) Largest decline over 1 year	-23.87%	-13.53%	-10.34%
Max Drawdown (3Y) Largest decline over 3 years	-23.87%	-16.86%	-7.01%
Max Drawdown (5Y) Largest decline over 5 years	-29.47%	-25.37%	-4.10%
Max Drawdown (10Y) Largest decline over 10 years	-29.47%	-29.34%	-0.13%
Current Drawdown Current decline from peak	-14.92%	-7.45%	-7.47%
Average Drawdown Average peak-to-trough decline	-9.89%	-8.82%	-1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.53%	6.09%	+6.44%

Volatility

FACTX vs. GGHCX - Volatility Comparison

Fidelity Advisor Health Care Fund Class M (FACTX) has a higher volatility of 5.89% compared to Invesco Health Care Fund (GGHCX) at 4.63%. This indicates that FACTX's price experiences larger fluctuations and is considered to be riskier than GGHCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FACTX	GGHCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.89%	4.63%	+1.26%
Volatility (6M) Calculated over the trailing 6-month period	19.48%	10.42%	+9.06%
Volatility (1Y) Calculated over the trailing 1-year period	21.54%	13.49%	+8.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.03%	15.55%	+3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.31%	17.46%	+1.85%

FACTX vs. GGHCX - Expense Ratio Comparison

FACTX has a 1.22% expense ratio, which is higher than GGHCX's 1.04% expense ratio.

Dividends

FACTX vs. GGHCX - Dividend Comparison

FACTX has not paid dividends to shareholders, while GGHCX's dividend yield for the trailing twelve months is around 5.85%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FACTX Fidelity Advisor Health Care Fund Class M	0.00%	0.00%	13.70%	0.00%	0.00%	6.80%	6.10%	0.35%	5.45%	0.00%	0.00%	6.90%
GGHCX Invesco Health Care Fund	5.85%	5.69%	5.17%	0.00%	0.00%	24.69%	6.44%	3.51%	8.81%	6.88%	2.24%	15.07%

Frequently Asked Questions

Can I hold both FACTX and GGHCX in my portfolio?

FACTX and GGHCX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FACTX or GGHCX?

FACTX has higher volatility (5.89%) compared to GGHCX (4.63%). In terms of maximum drawdown, FACTX dropped -46.07% vs GGHCX's -40.23%.

Which has better risk-adjusted returns?

GGHCX currently has the higher Sharpe Ratio (0.89 vs 0.30), 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.