FBTAX vs. SHSSX
Compare and contrast key facts about Fidelity Advisor Biotechnology Fund Class A (FBTAX) and Health Sciences Opportunities Fund Class Institutional (SHSSX).
FBTAX is managed by Fidelity. It was launched on Dec 27, 2000. SHSSX is a passively managed fund by BlackRock that tracks the performance of the Russell 3000 HealthCare Index. It was launched on Oct 16, 2000.
Performance
FBTAX vs. SHSSX - Performance Comparison
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FBTAX vs. SHSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBTAX Fidelity Advisor Biotechnology Fund Class A | -2.70% | 39.54% | 5.37% | 10.70% | -7.95% | -3.10% | 32.17% | 25.74% | -3.86% | 25.80% |
SHSSX Health Sciences Opportunities Fund Class Institutional | -6.87% | 16.13% | 4.00% | 3.86% | -5.72% | 12.17% | 19.54% | 25.63% | 8.24% | 25.02% |
Returns By Period
In the year-to-date period, FBTAX achieves a -2.70% return, which is significantly higher than SHSSX's -6.87% return. Over the past 10 years, FBTAX has outperformed SHSSX with an annualized return of 11.31%, while SHSSX has yielded a comparatively lower 9.97% annualized return.
FBTAX
- 1D
- -0.76%
- 1M
- -6.06%
- YTD
- -2.70%
- 6M
- 11.41%
- 1Y
- 42.70%
- 3Y*
- 18.47%
- 5Y*
- 7.93%
- 10Y*
- 11.31%
SHSSX
- 1D
- 0.31%
- 1M
- -9.09%
- YTD
- -6.87%
- 6M
- 4.09%
- 1Y
- 4.34%
- 3Y*
- 6.17%
- 5Y*
- 4.28%
- 10Y*
- 9.97%
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FBTAX vs. SHSSX - Expense Ratio Comparison
FBTAX has a 1.00% expense ratio, which is higher than SHSSX's 0.84% expense ratio.
Return for Risk
FBTAX vs. SHSSX — Risk / Return Rank
FBTAX
SHSSX
FBTAX vs. SHSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Biotechnology Fund Class A (FBTAX) and Health Sciences Opportunities Fund Class Institutional (SHSSX). 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.
| FBTAX | SHSSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 0.29 | +1.27 |
Sortino ratioReturn per unit of downside risk | 2.10 | 0.52 | +1.59 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.06 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.38 | 0.43 | +1.95 |
Martin ratioReturn relative to average drawdown | 9.61 | 1.02 | +8.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBTAX | SHSSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 0.29 | +1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.30 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.61 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.69 | -0.38 |
Correlation
The correlation between FBTAX and SHSSX is 0.81, 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
FBTAX vs. SHSSX - Dividend Comparison
FBTAX's dividend yield for the trailing twelve months is around 1.49%, less than SHSSX's 10.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBTAX Fidelity Advisor Biotechnology Fund Class A | 1.49% | 1.45% | 6.00% | 1.15% | 0.00% | 20.12% | 8.37% | 6.77% | 2.50% | 0.00% | 0.00% | 5.36% |
SHSSX Health Sciences Opportunities Fund Class Institutional | 10.63% | 9.90% | 8.68% | 3.82% | 7.20% | 8.96% | 4.18% | 3.87% | 8.44% | 3.59% | 2.33% | 12.29% |
Drawdowns
FBTAX vs. SHSSX - Drawdown Comparison
The maximum FBTAX drawdown since its inception was -63.55%, which is greater than SHSSX's maximum drawdown of -35.40%. Use the drawdown chart below to compare losses from any high point for FBTAX and SHSSX.
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Drawdown Indicators
| FBTAX | SHSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.55% | -35.40% | -28.15% |
Max Drawdown (1Y)Largest decline over 1 year | -13.60% | -9.83% | -3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -36.51% | -17.90% | -18.61% |
Max Drawdown (10Y)Largest decline over 10 years | -38.82% | -28.34% | -10.48% |
Current DrawdownCurrent decline from peak | -7.25% | -9.56% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -21.34% | -5.98% | -15.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 4.17% | -0.06% |
Volatility
FBTAX vs. SHSSX - Volatility Comparison
Fidelity Advisor Biotechnology Fund Class A (FBTAX) has a higher volatility of 7.76% compared to Health Sciences Opportunities Fund Class Institutional (SHSSX) at 4.61%. This indicates that FBTAX's price experiences larger fluctuations and is considered to be riskier than SHSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTAX | SHSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.76% | 4.61% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 16.36% | 9.73% | +6.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.58% | 16.32% | +9.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.24% | 14.19% | +9.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.55% | 16.53% | +8.02% |