FBTAX vs. VGT

Last updated Jun 24, 2026

FBTAX (Fidelity Advisor Biotechnology Fund Class A) and VGT (Vanguard Information Technology ETF) are both funds - FBTAX is a Health & Biotech Equities fund managed by Fidelity, while VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Over the past 10 years, FBTAX returned 13.38%/yr vs 25.49%/yr for VGT. A 0.57 correlation means they provide meaningful diversification when combined. FBTAX charges 1.00%/yr vs 0.09%/yr for VGT.

Performance

FBTAX vs. VGT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Biotechnology Fund Class A (FBTAX) and Vanguard Information Technology ETF (VGT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBTAX achieves a 12.02% return, which is significantly lower than VGT's 23.32% return. Over the past 10 years, FBTAX has underperformed VGT with an annualized return of 13.38%, while VGT has yielded a comparatively higher 25.49% annualized return.

FBTAX

• 1D: 5.11%
• 1M: 8.15%
• YTD: 12.02%
• 6M: 9.45%
• 1Y: 64.79%
• 3Y*: 21.95%
• 5Y*: 10.67%
• 10Y*: 13.38%

VGT

• 1D: -3.68%
• 1M: 0.28%
• YTD: 23.32%
• 6M: 21.50%
• 1Y: 46.82%
• 3Y*: 30.13%
• 5Y*: 19.51%
• 10Y*: 25.49%

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

FBTAX vs. VGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBTAX Fidelity Advisor Biotechnology Fund Class A	12.02%	39.54%	5.37%	10.70%	-7.95%	-3.10%	32.17%	25.74%	-3.86%	25.80%
VGT Vanguard Information Technology ETF	23.32%	21.77%	29.30%	52.66%	-29.70%	30.45%	46.04%	48.62%	2.46%	37.08%

Correlation

The correlation between FBTAX and VGT is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004	0.57

Over the past year, the correlation between FBTAX and VGT has dropped to 0.28 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

FBTAX vs. VGT - Sectors Allocation Comparison

Sectors	FBTAX	VGT
Healthcare	100.0%	0.0%
Basic Materials	-	0.0%
Communication Services	-	0.5%
Consumer Cyclical	-	0.1%
Consumer Defensive	-	-
Energy	-	0.3%
Financial Services	-	0.5%
Industrials	-	0.4%
Real Estate	-	-
Technology	-	98.5%
Utilities	-	-

Return for Risk

FBTAX vs. VGT — Risk / Return Rank

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

FBTAX

FBTAX Risk / Return Rank: 88
FBTAX Sharpe Ratio Rank: 90
FBTAX Sortino Ratio Rank: 84
FBTAX Omega Ratio Rank: 74
FBTAX Calmar Ratio Rank: 98
FBTAX Martin Ratio Rank: 95

VGT

VGT Risk / Return Rank: 58
VGT Sharpe Ratio Rank: 65
VGT Sortino Ratio Rank: 56
VGT Omega Ratio Rank: 58
VGT Calmar Ratio Rank: 60
VGT Martin Ratio Rank: 52

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.

FBTAX vs. VGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Biotechnology Fund Class A (FBTAX) and Vanguard Information Technology ETF (VGT). 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.

	FBTAX	VGT	Difference
Sharpe ratio: Return per unit of total volatility	2.77	2.07	+0.70
Sortino ratio: Return per unit of downside risk	3.68	2.61	+1.07
Omega ratio: Gain probability vs. loss probability	1.44	1.35	+0.09
Calmar ratio: Return relative to maximum drawdown	7.20	2.87	+4.34
Martin ratio: Return relative to average drawdown	19.85	8.76	+11.09

FBTAX vs. VGT - Sharpe Ratio Comparison

The current FBTAX Sharpe Ratio is 2.77, which is higher than the VGT Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of FBTAX and VGT, 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

FBTAX vs. VGT - Drawdown Comparison

The maximum FBTAX drawdown since its inception was -63.55%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for FBTAX and VGT.

Drawdown Indicators

	FBTAX	VGT	Difference
Max Drawdown Largest peak-to-trough decline	-63.55%	-54.63%	-8.92%
Max Drawdown (1Y) Largest decline over 1 year	-8.91%	-16.40%	+7.49%
Max Drawdown (3Y) Largest decline over 3 years	-32.86%	-27.23%	-5.63%
Max Drawdown (5Y) Largest decline over 5 years	-36.51%	-35.07%	-1.44%
Max Drawdown (10Y) Largest decline over 10 years	-38.82%	-35.07%	-3.75%
Current Drawdown Current decline from peak	0.00%	-7.71%	+7.71%
Average Drawdown Average peak-to-trough decline	-21.18%	-7.95%	-13.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	5.36%	-2.13%

Volatility

FBTAX vs. VGT - Volatility Comparison

The current volatility for Fidelity Advisor Biotechnology Fund Class A (FBTAX) is 9.20%, while Vanguard Information Technology ETF (VGT) has a volatility of 11.39%. This indicates that FBTAX experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBTAX	VGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.20%	11.39%	-2.19%
Volatility (6M) Calculated over the trailing 6-month period	18.01%	18.58%	-0.57%
Volatility (1Y) Calculated over the trailing 1-year period	23.20%	22.72%	+0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.69%	25.55%	-1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.49%	24.77%	-0.28%

FBTAX vs. VGT - Expense Ratio Comparison

FBTAX has a 1.00% expense ratio, which is higher than VGT's 0.09% expense ratio.

Dividends

FBTAX vs. VGT - Dividend Comparison

FBTAX's dividend yield for the trailing twelve months is around 1.30%, more than VGT's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBTAX Fidelity Advisor Biotechnology Fund Class A	1.30%	1.45%	6.00%	1.15%	0.00%	20.12%	8.37%	6.77%	2.50%	0.00%	0.00%	5.36%
VGT Vanguard Information Technology ETF	0.33%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%

Frequently Asked Questions

Can I hold both FBTAX and VGT in my portfolio?

FBTAX and VGT have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBTAX or VGT?

VGT has higher volatility (11.39%) compared to FBTAX (9.20%). In terms of maximum drawdown, FBTAX dropped -63.55% vs VGT's -54.63%.

Which has better risk-adjusted returns?

FBTAX currently has the higher Sharpe Ratio (2.77 vs 2.07), 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.