FBTCX vs. SHPAX
Compare and contrast key facts about Fidelity Advisor Biotechnology Fund Class C (FBTCX) and Saratoga Health & Biotechnology Fund (SHPAX).
FBTCX is managed by Fidelity. It was launched on Dec 27, 2000. SHPAX is managed by Saratoga. It was launched on Jul 14, 1999.
Performance
FBTCX vs. SHPAX - Performance Comparison
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FBTCX vs. SHPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBTCX Fidelity Advisor Biotechnology Fund Class C | 2.09% | 38.48% | -2.00% | 9.86% | -8.64% | -3.72% | 31.17% | 24.82% | -4.55% | 24.81% |
SHPAX Saratoga Health & Biotechnology Fund | 0.66% | 17.43% | 0.26% | -0.36% | 1.93% | 16.71% | 3.52% | 27.67% | -5.30% | 11.78% |
Returns By Period
In the year-to-date period, FBTCX achieves a 2.09% return, which is significantly higher than SHPAX's 0.66% return. Over the past 10 years, FBTCX has outperformed SHPAX with an annualized return of 10.32%, while SHPAX has yielded a comparatively lower 7.03% annualized return.
FBTCX
- 1D
- 5.09%
- 1M
- -0.81%
- YTD
- 2.09%
- 6M
- 15.10%
- 1Y
- 54.26%
- 3Y*
- 17.00%
- 5Y*
- 6.73%
- 10Y*
- 10.32%
SHPAX
- 1D
- 1.81%
- 1M
- -5.10%
- YTD
- 0.66%
- 6M
- 9.79%
- 1Y
- 15.26%
- 3Y*
- 7.57%
- 5Y*
- 5.93%
- 10Y*
- 7.03%
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FBTCX vs. SHPAX - Expense Ratio Comparison
FBTCX has a 1.75% expense ratio, which is lower than SHPAX's 2.90% expense ratio.
Return for Risk
FBTCX vs. SHPAX — Risk / Return Rank
FBTCX
SHPAX
FBTCX vs. SHPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Biotechnology Fund Class C (FBTCX) and Saratoga Health & Biotechnology Fund (SHPAX). 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.
| FBTCX | SHPAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.90 | 0.86 | +1.04 |
Sortino ratioReturn per unit of downside risk | 2.49 | 1.28 | +1.21 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.16 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 3.08 | 1.89 | +1.20 |
Martin ratioReturn relative to average drawdown | 12.19 | 5.16 | +7.03 |
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
| FBTCX | SHPAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 0.86 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.42 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.43 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.30 | -0.03 |
Correlation
The correlation between FBTCX and SHPAX is 0.73, 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
FBTCX vs. SHPAX - Dividend Comparison
FBTCX's dividend yield for the trailing twelve months is around 1.65%, less than SHPAX's 3.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBTCX Fidelity Advisor Biotechnology Fund Class C | 1.65% | 1.68% | 0.00% | 0.00% | 0.00% | 24.50% | 9.78% | 7.92% | 2.92% | 0.00% | 0.00% | 5.73% |
SHPAX Saratoga Health & Biotechnology Fund | 3.64% | 3.66% | 1.35% | 5.38% | 6.34% | 3.76% | 13.82% | 13.24% | 22.00% | 17.98% | 12.52% | 10.70% |
Drawdowns
FBTCX vs. SHPAX - Drawdown Comparison
The maximum FBTCX drawdown since its inception was -64.04%, smaller than the maximum SHPAX drawdown of -69.50%. Use the drawdown chart below to compare losses from any high point for FBTCX and SHPAX.
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Drawdown Indicators
| FBTCX | SHPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.04% | -69.50% | +5.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.63% | -7.87% | -5.76% |
Max Drawdown (5Y)Largest decline over 5 years | -37.26% | -16.32% | -20.94% |
Max Drawdown (10Y)Largest decline over 10 years | -39.37% | -28.05% | -11.32% |
Current DrawdownCurrent decline from peak | -2.75% | -5.31% | +2.56% |
Average DrawdownAverage peak-to-trough decline | -23.21% | -28.07% | +4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 2.88% | +0.87% |
Volatility
FBTCX vs. SHPAX - Volatility Comparison
Fidelity Advisor Biotechnology Fund Class C (FBTCX) has a higher volatility of 9.37% compared to Saratoga Health & Biotechnology Fund (SHPAX) at 5.09%. This indicates that FBTCX's price experiences larger fluctuations and is considered to be riskier than SHPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTCX | SHPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.37% | 5.09% | +4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 17.02% | 9.90% | +7.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.99% | 16.63% | +9.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.48% | 14.21% | +9.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.66% | 16.57% | +8.09% |