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FBTTX vs. FBTIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FBTTX vs. FBTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Biotechnology Fund Class M (FBTTX) and Fidelity Advisor Biotechnology Fund I Class (FBTIX). The values are adjusted to include any dividend payments, if applicable.

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FBTTX vs. FBTIX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FBTTX
Fidelity Advisor Biotechnology Fund Class M
-2.77%39.21%5.08%10.43%-8.22%-3.35%31.82%25.39%-4.19%25.37%
FBTIX
Fidelity Advisor Biotechnology Fund I Class
-2.62%39.91%5.63%11.02%-7.74%-2.86%32.53%26.11%-3.61%26.15%

Returns By Period

In the year-to-date period, FBTTX achieves a -2.77% return, which is significantly lower than FBTIX's -2.62% return. Over the past 10 years, FBTTX has underperformed FBTIX with an annualized return of 10.99%, while FBTIX has yielded a comparatively higher 11.60% annualized return.


FBTTX

1D
-0.78%
1M
-6.09%
YTD
-2.77%
6M
11.26%
1Y
42.32%
3Y*
18.16%
5Y*
7.66%
10Y*
10.99%

FBTIX

1D
-0.74%
1M
-6.04%
YTD
-2.62%
6M
11.57%
1Y
43.10%
3Y*
18.79%
5Y*
8.22%
10Y*
11.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FBTTX vs. FBTIX - Expense Ratio Comparison

FBTTX has a 1.28% expense ratio, which is higher than FBTIX's 0.73% expense ratio.


Return for Risk

FBTTX vs. FBTIX — Risk / Return Rank

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

FBTTX
FBTTX Risk / Return Rank: 8282
Overall Rank
FBTTX Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
FBTTX Sortino Ratio Rank: 8282
Sortino Ratio Rank
FBTTX Omega Ratio Rank: 7070
Omega Ratio Rank
FBTTX Calmar Ratio Rank: 8888
Calmar Ratio Rank
FBTTX Martin Ratio Rank: 8888
Martin Ratio Rank

FBTIX
FBTIX Risk / Return Rank: 8383
Overall Rank
FBTIX Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
FBTIX Sortino Ratio Rank: 8383
Sortino Ratio Rank
FBTIX Omega Ratio Rank: 7373
Omega Ratio Rank
FBTIX Calmar Ratio Rank: 8989
Calmar Ratio Rank
FBTIX Martin Ratio Rank: 8989
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.

FBTTX vs. FBTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Biotechnology Fund Class M (FBTTX) and Fidelity Advisor Biotechnology Fund I Class (FBTIX). 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.


FBTTXFBTIXDifference

Sharpe ratio

Return per unit of total volatility

1.55

1.58

-0.03

Sortino ratio

Return per unit of downside risk

2.09

2.12

-0.03

Omega ratio

Gain probability vs. loss probability

1.27

1.27

0.00

Calmar ratio

Return relative to maximum drawdown

2.36

2.40

-0.05

Martin ratio

Return relative to average drawdown

9.47

9.76

-0.28

FBTTX vs. FBTIX - Sharpe Ratio Comparison

The current FBTTX Sharpe Ratio is 1.55, which is comparable to the FBTIX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of FBTTX and FBTIX, 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


FBTTXFBTIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.55

1.58

-0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.33

0.36

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

0.47

-0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.29

0.32

-0.02

Correlation

The correlation between FBTTX and FBTIX is 1.00, 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

FBTTX vs. FBTIX - Dividend Comparison

FBTTX's dividend yield for the trailing twelve months is around 1.58%, more than FBTIX's 1.42% yield.


TTM20252024202320222021202020192018201720162015
FBTTX
Fidelity Advisor Biotechnology Fund Class M
1.58%1.53%6.41%0.93%0.00%21.60%8.79%7.10%2.64%0.00%0.00%5.42%
FBTIX
Fidelity Advisor Biotechnology Fund I Class
1.42%1.39%5.69%1.36%0.00%18.74%8.01%6.44%2.35%0.00%0.00%5.23%

Drawdowns

FBTTX vs. FBTIX - Drawdown Comparison

The maximum FBTTX drawdown since its inception was -63.75%, roughly equal to the maximum FBTIX drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for FBTTX and FBTIX.


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Drawdown Indicators


FBTTXFBTIXDifference

Max Drawdown

Largest peak-to-trough decline

-63.75%

-63.45%

-0.30%

Max Drawdown (1Y)

Largest decline over 1 year

-13.58%

-13.62%

+0.04%

Max Drawdown (5Y)

Largest decline over 5 years

-36.64%

-36.41%

-0.23%

Max Drawdown (10Y)

Largest decline over 10 years

-39.04%

-38.64%

-0.40%

Current Drawdown

Current decline from peak

-7.33%

-7.21%

-0.12%

Average Drawdown

Average peak-to-trough decline

-21.96%

-20.73%

-1.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.13%

4.09%

+0.04%

Volatility

FBTTX vs. FBTIX - Volatility Comparison

Fidelity Advisor Biotechnology Fund Class M (FBTTX) and Fidelity Advisor Biotechnology Fund I Class (FBTIX) have volatilities of 7.77% and 7.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FBTTXFBTIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.77%

7.77%

0.00%

Volatility (6M)

Calculated over the trailing 6-month period

16.36%

16.36%

0.00%

Volatility (1Y)

Calculated over the trailing 1-year period

25.56%

25.57%

-0.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.23%

23.23%

0.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.55%

24.54%

+0.01%