FACTX vs. VGHAX

Last updated Aug 2, 2026

FACTX (Fidelity Advisor Health Care Fund Class M) and VGHAX (Vanguard Health Care Fund Admiral Shares) are both Health & Biotech Equities funds. Over the past 10 years, FACTX returned 7.50%/yr vs 9.23%/yr for VGHAX. Their correlation of 0.91 means they have usually moved in the same direction. FACTX charges 1.22%/yr vs 0.27%/yr for VGHAX.

Performance

FACTX vs. VGHAX - Performance Comparison

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

Returns By Period

In the year-to-date period, FACTX achieves a 10.33% return, which is significantly higher than VGHAX's 4.47% return. Over the past 10 years, FACTX has underperformed VGHAX with an annualized return of 7.50%, while VGHAX has yielded a comparatively higher 9.23% annualized return.

FACTX

• 1D: -0.04%
• 1M: -1.30%
• 6M: 10.22%
• YTD: 10.33%
• 1Y: 15.08%
• 3Y*: 4.45%
• 5Y*: 0.72%
• 10Y*: 7.50%
• ALL TIME*: 10.20%

VGHAX

• 1D: -1.27%
• 1M: -2.83%
• 6M: 4.42%
• YTD: 4.47%
• 1Y: 28.66%
• 3Y*: 11.60%
• 5Y*: 7.96%
• 10Y*: 9.23%
• ALL TIME*: 10.07%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FACTX Fidelity Advisor Health Care Fund Class M	$0.00	$0.00	$0.00
VGHAX Vanguard Health Care Fund Admiral Shares	$0.00	$0.00	$0.00

FACTX vs. VGHAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FACTX Fidelity Advisor Health Care Fund Class M	10.33%	-0.76%	3.72%	3.54%	-13.30%	10.97%	20.77%	27.57%	6.91%	23.72%
VGHAX Vanguard Health Care Fund Admiral Shares	4.47%	19.72%	9.10%	5.51%	-1.00%	12.82%	12.62%	22.99%	1.07%	19.64%

Correlation

The correlation between FACTX and VGHAX is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Nov 12, 2001	0.91

The correlation between FACTX and VGHAX has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

FACTX vs. VGHAX - Sectors Allocation Comparison

Sectors	FACTX	VGHAX
Healthcare	100.0%	99.5%
Basic Materials	-	0.0%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	1.2%
Energy	-	-
Financial Services	-	0.0%
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

FACTX vs. VGHAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FACTX

FACTX Risk / Return Rank: 14
FACTX Sharpe Ratio Rank: 15
FACTX Sortino Ratio Rank: 14
FACTX Omega Ratio Rank: 20
FACTX Calmar Ratio Rank: 11
FACTX Martin Ratio Rank: 9

VGHAX

VGHAX Risk / Return Rank: 76
VGHAX Sharpe Ratio Rank: 77
VGHAX Sortino Ratio Rank: 79
VGHAX Omega Ratio Rank: 72
VGHAX Calmar Ratio Rank: 86
VGHAX Martin Ratio Rank: 63

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FACTX vs. VGHAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Health Care Fund Class M (FACTX) and Vanguard Health Care Fund Admiral Shares (VGHAX). 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	VGHAX	Difference
Sharpe ratio: Return per unit of total volatility	0.63	1.77	-1.13
Sortino ratio: Return per unit of downside risk	0.90	2.68	-1.79
Omega ratio: Gain probability vs. loss probability	1.15	1.31	-0.16
Calmar ratio: Return relative to maximum drawdown	0.58	2.96	-2.38
Martin ratio: Return relative to average drawdown	1.08	7.79	-6.71

FACTX vs. VGHAX - Sharpe Ratio Comparison

The current FACTX Sharpe Ratio is 0.63, which is lower than the VGHAX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of FACTX and VGHAX, 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. VGHAX - Drawdown Comparison

The maximum FACTX drawdown since its inception was -46.07%, which is greater than VGHAX's maximum drawdown of -36.85%. Use the drawdown chart below to compare losses from any high point for FACTX and VGHAX.

Drawdown Indicators

	FACTX	VGHAX	Difference
Max Drawdown Largest peak-to-trough decline	-46.07%	-36.85%	-9.22%
Max Drawdown (1Y) Largest decline over 1 year	-23.87%	-9.19%	-14.68%
Max Drawdown (3Y) Largest decline over 3 years	-23.87%	-16.05%	-7.82%
Max Drawdown (5Y) Largest decline over 5 years	-29.47%	-16.92%	-12.55%
Max Drawdown (10Y) Largest decline over 10 years	-29.47%	-27.17%	-2.30%
Current Drawdown Current decline from peak	-6.98%	-3.46%	-3.52%
Average Drawdown Average peak-to-trough decline	-9.88%	-5.59%	-4.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.77%	3.48%	+9.29%

Volatility

FACTX vs. VGHAX - Volatility Comparison

The current volatility for Fidelity Advisor Health Care Fund Class M (FACTX) is 5.13%, while Vanguard Health Care Fund Admiral Shares (VGHAX) has a volatility of 5.44%. This indicates that FACTX experiences smaller price fluctuations and is considered to be less risky than VGHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FACTX	VGHAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.13%	5.44%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	13.46%	11.65%	+1.81%
Volatility (1Y) Calculated over the trailing 1-year period	21.95%	15.39%	+6.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.19%	18.31%	+0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.31%	17.61%	+1.70%

FACTX vs. VGHAX - Expense Ratio Comparison

FACTX has a 1.22% expense ratio, which is higher than VGHAX's 0.27% expense ratio.

Dividends

FACTX vs. VGHAX - Dividend Comparison

FACTX has not paid dividends to shareholders, while VGHAX's dividend yield for the trailing twelve months is around 6.38%.

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%
VGHAX Vanguard Health Care Fund Admiral Shares	6.38%	6.07%	22.84%	7.22%	5.49%	7.05%	8.02%	11.87%	9.15%	7.36%	8.60%	8.21%

Frequently Asked Questions

Can I hold both FACTX and VGHAX in my portfolio?

FACTX and VGHAX have a correlation of 0.84, 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 VGHAX?

VGHAX has higher volatility (5.44%) compared to FACTX (5.13%). In terms of maximum drawdown, FACTX dropped -46.07% vs VGHAX's -36.85%.

Which has better risk-adjusted returns?

VGHAX currently has the higher Sharpe Ratio (1.77 vs 0.63), 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.