FBTCX vs. MSFT
FBTCX (Fidelity Advisor Biotechnology Fund Class C) is Health & Biotech Equities fund managed by Fidelity, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, FBTCX returned 11.21%/yr vs 24.97%/yr for MSFT. Their 0.44 correlation means their historical movements had little consistent relationship.
Performance
FBTCX vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, FBTCX achieves a 23.02% return, which is significantly higher than MSFT's -3.48% return. Over the past 10 years, FBTCX has underperformed MSFT with an annualized return of 11.21%, while MSFT has yielded a comparatively higher 24.97% annualized return.
FBTCX
- 1D
- 0.66%
- 1M
- 0.06%
- 6M
- 21.37%
- YTD
- 23.02%
- 1Y
- 63.76%
- 3Y*
- 22.04%
- 5Y*
- 10.96%
- 10Y*
- 11.21%
- ALL TIME*
- 7.80%
MSFT
- 1D
- 3.02%
- 1M
- 19.01%
- 6M
- 8.48%
- YTD
- -3.48%
- 1Y
- -10.62%
- 3Y*
- 12.25%
- 5Y*
- 11.19%
- 10Y*
- 24.97%
- ALL TIME*
- 25.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $17.39B | $14.79B | $16.23B |
FBTCX vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBTCX Fidelity Advisor Biotechnology Fund Class C | 23.02% | 38.48% | -2.00% | 9.86% | -8.64% | -3.72% | 31.17% | 24.82% | -4.55% | 24.81% |
MSFT Microsoft Corporation | -3.48% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between FBTCX and MSFT is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2000 | 0.44 |
Over the past year, the correlation between FBTCX and MSFT has dropped to 0.01 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
FBTCX vs. MSFT — Risk / Return Rank
FBTCX
MSFT
FBTCX vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Biotechnology Fund Class C (FBTCX) and Microsoft Corporation (MSFT). 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.
| FBTCX | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.25 | ||
| Sortino ratioReturn per unit of downside risk | +4.14 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 0.95 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 7.45 | -0.35 | +7.80 |
| Martin ratioReturn relative to average drawdown | 19.74 | -0.63 | +20.37 |
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Drawdowns
FBTCX vs. MSFT - Drawdown Comparison
The maximum FBTCX drawdown since its inception was -64.04%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for FBTCX and MSFT.
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Drawdown Indicators
| FBTCX | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.04% | -69.38% | +5.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -34.50% | +25.46% |
Max Drawdown (3Y)Largest decline over 3 years | -37.26% | -34.50% | -2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -37.26% | -37.15% | -0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -39.37% | -37.15% | -2.22% |
Current DrawdownCurrent decline from peak | -3.05% | -13.73% | +10.68% |
Average DrawdownAverage peak-to-trough decline | -22.95% | -21.80% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 19.35% | -15.95% |
Volatility
FBTCX vs. MSFT - Volatility Comparison
The current volatility for Fidelity Advisor Biotechnology Fund Class C (FBTCX) is 6.86%, while Microsoft Corporation (MSFT) has a volatility of 15.97%. This indicates that FBTCX experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTCX | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 15.97% | -9.11% |
Volatility (6M)Calculated over the trailing 6-month period | 17.89% | 26.41% | -8.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 31.93% | -8.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.97% | 28.00% | -4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.47% | 27.62% | -3.15% |
Dividends
FBTCX vs. MSFT - Dividend Comparison
FBTCX's dividend yield for the trailing twelve months is around 1.37%, more than MSFT's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBTCX Fidelity Advisor Biotechnology Fund Class C | 1.37% | 1.68% | 0.00% | 0.00% | 0.00% | 24.50% | 9.78% | 7.92% | 2.92% | 0.00% | 0.00% | 5.73% |
MSFT Microsoft Corporation | 0.77% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
FBTCX and MSFT have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (15.97%) compared to FBTCX (6.86%). In terms of maximum drawdown, FBTCX dropped -64.04% vs MSFT's -69.38%.
FBTCX currently has the higher Sharpe Ratio (2.87 vs -0.39), 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.
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