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FBTCX vs. FSKAX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FBTCX vs. FSKAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Biotechnology Fund Class C (FBTCX) and Fidelity Total Market Index Fund (FSKAX). The values are adjusted to include any dividend payments, if applicable.

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FBTCX vs. FSKAX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FBTCX
Fidelity Advisor Biotechnology Fund Class C
-2.86%38.48%-2.00%9.86%-8.64%-3.72%31.17%24.82%-4.55%24.81%
FSKAX
Fidelity Total Market Index Fund
-6.77%17.06%23.89%26.12%-19.53%25.66%20.79%30.92%-5.32%20.85%

Returns By Period

In the year-to-date period, FBTCX achieves a -2.86% return, which is significantly higher than FSKAX's -6.77% return. Over the past 10 years, FBTCX has underperformed FSKAX with an annualized return of 9.77%, while FSKAX has yielded a comparatively higher 13.23% annualized return.


FBTCX

1D
-0.75%
1M
-6.13%
YTD
-2.86%
6M
10.98%
1Y
41.66%
3Y*
15.08%
5Y*
5.77%
10Y*
9.77%

FSKAX

1D
-0.47%
1M
-7.69%
YTD
-6.77%
6M
-4.56%
1Y
14.73%
3Y*
16.72%
5Y*
10.13%
10Y*
13.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FBTCX vs. FSKAX - Expense Ratio Comparison

FBTCX has a 1.75% expense ratio, which is higher than FSKAX's 0.02% expense ratio.


Return for Risk

FBTCX vs. FSKAX — Risk / Return Rank

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

FBTCX
FBTCX Risk / Return Rank: 8282
Overall Rank
FBTCX Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
FBTCX Sortino Ratio Rank: 8181
Sortino Ratio Rank
FBTCX Omega Ratio Rank: 7171
Omega Ratio Rank
FBTCX Calmar Ratio Rank: 8888
Calmar Ratio Rank
FBTCX Martin Ratio Rank: 8787
Martin Ratio Rank

FSKAX
FSKAX Risk / Return Rank: 4545
Overall Rank
FSKAX Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
FSKAX Sortino Ratio Rank: 4444
Sortino Ratio Rank
FSKAX Omega Ratio Rank: 4848
Omega Ratio Rank
FSKAX Calmar Ratio Rank: 4141
Calmar Ratio Rank
FSKAX Martin Ratio Rank: 5252
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.

FBTCX vs. FSKAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Biotechnology Fund Class C (FBTCX) and Fidelity Total Market Index Fund (FSKAX). 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.


FBTCXFSKAXDifference

Sharpe ratio

Return per unit of total volatility

1.52

0.83

+0.69

Sortino ratio

Return per unit of downside risk

2.06

1.29

+0.77

Omega ratio

Gain probability vs. loss probability

1.26

1.19

+0.07

Calmar ratio

Return relative to maximum drawdown

2.31

1.04

+1.27

Martin ratio

Return relative to average drawdown

9.25

5.05

+4.20

FBTCX vs. FSKAX - Sharpe Ratio Comparison

The current FBTCX Sharpe Ratio is 1.52, which is higher than the FSKAX Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of FBTCX and FSKAX, 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


FBTCXFSKAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.52

0.83

+0.69

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.25

0.59

-0.34

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

0.72

-0.32

Sharpe Ratio (All Time)

Calculated using the full available price history

0.26

0.78

-0.52

Correlation

The correlation between FBTCX and FSKAX is 0.62, 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

FBTCX vs. FSKAX - Dividend Comparison

FBTCX's dividend yield for the trailing twelve months is around 1.73%, more than FSKAX's 1.09% yield.


TTM20252024202320222021202020192018201720162015
FBTCX
Fidelity Advisor Biotechnology Fund Class C
1.73%1.68%0.00%0.00%0.00%24.50%9.78%7.92%2.92%0.00%0.00%5.73%
FSKAX
Fidelity Total Market Index Fund
1.09%1.01%1.19%1.41%1.62%1.15%1.45%1.94%2.54%2.07%2.43%0.82%

Drawdowns

FBTCX vs. FSKAX - Drawdown Comparison

The maximum FBTCX drawdown since its inception was -64.04%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FBTCX and FSKAX.


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Drawdown Indicators


FBTCXFSKAXDifference

Max Drawdown

Largest peak-to-trough decline

-64.04%

-35.01%

-29.03%

Max Drawdown (1Y)

Largest decline over 1 year

-13.63%

-12.42%

-1.21%

Max Drawdown (5Y)

Largest decline over 5 years

-37.26%

-25.39%

-11.87%

Max Drawdown (10Y)

Largest decline over 10 years

-39.37%

-35.01%

-4.36%

Current Drawdown

Current decline from peak

-7.46%

-8.92%

+1.46%

Average Drawdown

Average peak-to-trough decline

-23.21%

-4.05%

-19.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.16%

2.57%

+1.59%

Volatility

FBTCX vs. FSKAX - Volatility Comparison

Fidelity Advisor Biotechnology Fund Class C (FBTCX) has a higher volatility of 7.76% compared to Fidelity Total Market Index Fund (FSKAX) at 4.42%. This indicates that FBTCX's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FBTCXFSKAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.76%

4.42%

+3.34%

Volatility (6M)

Calculated over the trailing 6-month period

16.37%

9.40%

+6.97%

Volatility (1Y)

Calculated over the trailing 1-year period

25.57%

18.50%

+7.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.40%

17.38%

+6.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.62%

18.42%

+6.20%