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FBIOX vs. FBTTX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FBIOX vs. FBTTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Biotechnology Portfolio (FBIOX) and Fidelity Advisor Biotechnology Fund Class M (FBTTX). The values are adjusted to include any dividend payments, if applicable.

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FBIOX vs. FBTTX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FBIOX
Fidelity Select Biotechnology Portfolio
2.11%36.38%7.26%10.09%-15.87%-12.26%38.62%36.12%-10.92%27.87%
FBTTX
Fidelity Advisor Biotechnology Fund Class M
2.18%39.21%5.08%10.43%-8.22%-3.35%31.82%25.39%-4.19%25.37%

Returns By Period

The year-to-date returns for both investments are quite close, with FBIOX having a 2.11% return and FBTTX slightly higher at 2.18%. Over the past 10 years, FBIOX has underperformed FBTTX with an annualized return of 10.44%, while FBTTX has yielded a comparatively higher 11.54% annualized return.


FBIOX

1D
5.51%
1M
-1.00%
YTD
2.11%
6M
15.61%
1Y
46.30%
3Y*
19.65%
5Y*
4.79%
10Y*
10.44%

FBTTX

1D
5.09%
1M
-0.77%
YTD
2.18%
6M
15.39%
1Y
55.03%
3Y*
20.14%
5Y*
8.63%
10Y*
11.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FBIOX vs. FBTTX - Expense Ratio Comparison

FBIOX has a 0.69% expense ratio, which is lower than FBTTX's 1.28% expense ratio.


Return for Risk

FBIOX vs. FBTTX — Risk / Return Rank

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

FBIOX
FBIOX Risk / Return Rank: 8686
Overall Rank
FBIOX Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
FBIOX Sortino Ratio Rank: 8484
Sortino Ratio Rank
FBIOX Omega Ratio Rank: 7575
Omega Ratio Rank
FBIOX Calmar Ratio Rank: 9292
Calmar Ratio Rank
FBIOX Martin Ratio Rank: 9292
Martin Ratio Rank

FBTTX
FBTTX Risk / Return Rank: 8989
Overall Rank
FBTTX Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
FBTTX Sortino Ratio Rank: 8888
Sortino Ratio Rank
FBTTX Omega Ratio Rank: 7979
Omega Ratio Rank
FBTTX Calmar Ratio Rank: 9393
Calmar Ratio Rank
FBTTX Martin Ratio Rank: 9393
Martin Ratio Rank
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.

FBIOX vs. FBTTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Biotechnology Portfolio (FBIOX) and Fidelity Advisor Biotechnology Fund Class M (FBTTX). 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.


FBIOXFBTTXDifference

Sharpe ratio

Return per unit of total volatility

1.70

1.92

-0.23

Sortino ratio

Return per unit of downside risk

2.26

2.52

-0.26

Omega ratio

Gain probability vs. loss probability

1.29

1.32

-0.03

Calmar ratio

Return relative to maximum drawdown

2.86

3.13

-0.27

Martin ratio

Return relative to average drawdown

11.00

12.48

-1.47

FBIOX vs. FBTTX - Sharpe Ratio Comparison

The current FBIOX Sharpe Ratio is 1.70, which is comparable to the FBTTX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of FBIOX and FBTTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


FBIOXFBTTXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.70

1.92

-0.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.19

0.37

-0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

0.47

-0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.30

+0.18

Correlation

The correlation between FBIOX and FBTTX is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Dividends

FBIOX vs. FBTTX - Dividend Comparison

FBIOX's dividend yield for the trailing twelve months is around 2.42%, more than FBTTX's 1.50% yield.


TTM20252024202320222021202020192018201720162015
FBIOX
Fidelity Select Biotechnology Portfolio
2.42%2.47%1.21%0.45%0.00%14.48%19.46%8.89%11.18%1.41%3.42%6.71%
FBTTX
Fidelity Advisor Biotechnology Fund Class M
1.50%1.53%6.41%0.93%0.00%21.60%8.79%7.10%2.64%0.00%0.00%5.42%

Drawdowns

FBIOX vs. FBTTX - Drawdown Comparison

The maximum FBIOX drawdown since its inception was -71.98%, which is greater than FBTTX's maximum drawdown of -63.75%. Use the drawdown chart below to compare losses from any high point for FBIOX and FBTTX.


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Drawdown Indicators


FBIOXFBTTXDifference

Max Drawdown

Largest peak-to-trough decline

-71.98%

-63.75%

-8.23%

Max Drawdown (1Y)

Largest decline over 1 year

-12.27%

-13.58%

+1.31%

Max Drawdown (5Y)

Largest decline over 5 years

-44.87%

-36.64%

-8.23%

Max Drawdown (10Y)

Largest decline over 10 years

-48.66%

-39.04%

-9.62%

Current Drawdown

Current decline from peak

-2.21%

-2.61%

+0.40%

Average Drawdown

Average peak-to-trough decline

-23.72%

-21.95%

-1.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.57%

3.72%

-0.15%

Volatility

FBIOX vs. FBTTX - Volatility Comparison

Fidelity Select Biotechnology Portfolio (FBIOX) and Fidelity Advisor Biotechnology Fund Class M (FBTTX) have volatilities of 9.24% and 9.37%, 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


FBIOXFBTTXDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.24%

9.37%

-0.13%

Volatility (6M)

Calculated over the trailing 6-month period

15.54%

17.02%

-1.48%

Volatility (1Y)

Calculated over the trailing 1-year period

24.47%

25.99%

-1.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.93%

23.31%

+1.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.43%

24.58%

+1.85%