FBTAX vs. VTIVX
Compare and contrast key facts about Fidelity Advisor Biotechnology Fund Class A (FBTAX) and Vanguard Target Retirement 2045 Fund (VTIVX).
FBTAX is managed by Fidelity. It was launched on Dec 27, 2000. VTIVX is managed by Vanguard. It was launched on Oct 27, 2003.
Performance
FBTAX vs. VTIVX - Performance Comparison
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FBTAX vs. VTIVX - 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% |
VTIVX Vanguard Target Retirement 2045 Fund | -3.63% | 20.01% | 13.68% | 19.72% | -17.38% | 16.16% | 16.31% | 24.94% | -7.89% | 19.16% |
Returns By Period
In the year-to-date period, FBTAX achieves a -2.70% return, which is significantly higher than VTIVX's -3.63% return. Over the past 10 years, FBTAX has outperformed VTIVX with an annualized return of 11.31%, while VTIVX has yielded a comparatively lower 10.04% 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%
VTIVX
- 1D
- -0.24%
- 1M
- -7.90%
- YTD
- -3.63%
- 6M
- -0.85%
- 1Y
- 16.12%
- 3Y*
- 13.91%
- 5Y*
- 7.66%
- 10Y*
- 10.04%
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FBTAX vs. VTIVX - Expense Ratio Comparison
FBTAX has a 1.00% expense ratio, which is higher than VTIVX's 0.08% expense ratio.
Return for Risk
FBTAX vs. VTIVX — Risk / Return Rank
FBTAX
VTIVX
FBTAX vs. VTIVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Biotechnology Fund Class A (FBTAX) and Vanguard Target Retirement 2045 Fund (VTIVX). 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 | VTIVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 1.20 | +0.37 |
Sortino ratioReturn per unit of downside risk | 2.10 | 1.72 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.38 | 1.50 | +0.88 |
Martin ratioReturn relative to average drawdown | 9.61 | 6.90 | +2.71 |
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 | VTIVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.20 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.57 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.68 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.51 | -0.21 |
Correlation
The correlation between FBTAX and VTIVX is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FBTAX vs. VTIVX - Dividend Comparison
FBTAX's dividend yield for the trailing twelve months is around 1.49%, less than VTIVX's 2.59% 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% |
VTIVX Vanguard Target Retirement 2045 Fund | 2.59% | 2.50% | 2.36% | 2.27% | 2.75% | 15.40% | 1.90% | 2.23% | 2.52% | 0.04% | 2.47% | 3.29% |
Drawdowns
FBTAX vs. VTIVX - Drawdown Comparison
The maximum FBTAX drawdown since its inception was -63.55%, which is greater than VTIVX's maximum drawdown of -51.69%. Use the drawdown chart below to compare losses from any high point for FBTAX and VTIVX.
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Drawdown Indicators
| FBTAX | VTIVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.55% | -51.69% | -11.86% |
Max Drawdown (1Y)Largest decline over 1 year | -13.60% | -9.73% | -3.87% |
Max Drawdown (5Y)Largest decline over 5 years | -36.51% | -25.10% | -11.41% |
Max Drawdown (10Y)Largest decline over 10 years | -38.82% | -31.42% | -7.40% |
Current DrawdownCurrent decline from peak | -7.25% | -8.30% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -21.34% | -6.37% | -14.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 2.12% | +1.99% |
Volatility
FBTAX vs. VTIVX - Volatility Comparison
Fidelity Advisor Biotechnology Fund Class A (FBTAX) has a higher volatility of 7.76% compared to Vanguard Target Retirement 2045 Fund (VTIVX) at 4.36%. This indicates that FBTAX's price experiences larger fluctuations and is considered to be riskier than VTIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTAX | VTIVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.76% | 4.36% | +3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 16.36% | 7.85% | +8.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.58% | 13.55% | +12.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.24% | 13.41% | +9.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.55% | 14.75% | +9.80% |