FBTTX vs. HGHYX

Last updated Jun 23, 2026

FBTTX (Fidelity Advisor Biotechnology Fund Class M) and HGHYX (The Hartford Healthcare Fund) are both Health & Biotech Equities funds. Over the past 10 years, FBTTX returned 11.96%/yr vs 9.13%/yr for HGHYX. Their correlation of 0.83 suggests significant overlap in exposure. FBTTX charges 1.28%/yr vs 1.00%/yr for HGHYX.

Performance

FBTTX vs. HGHYX - Performance Comparison

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

Returns By Period

In the year-to-date period, FBTTX achieves a 6.42% return, which is significantly higher than HGHYX's -1.58% return. Over the past 10 years, FBTTX has outperformed HGHYX with an annualized return of 11.96%, while HGHYX has yielded a comparatively lower 9.13% annualized return.

FBTTX

• 1D: 0.03%
• 1M: 2.85%
• YTD: 6.42%
• 6M: 3.58%
• 1Y: 55.44%
• 3Y*: 19.09%
• 5Y*: 9.28%
• 10Y*: 11.96%

HGHYX

• 1D: -0.35%
• 1M: 0.55%
• YTD: -1.58%
• 6M: -2.18%
• 1Y: 22.72%
• 3Y*: 5.46%
• 5Y*: 1.84%
• 10Y*: 9.13%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FBTTX vs. HGHYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBTTX Fidelity Advisor Biotechnology Fund Class M	6.42%	39.21%	5.08%	10.43%	-8.22%	-3.35%	31.82%	25.39%	-4.19%	25.37%
HGHYX The Hartford Healthcare Fund	-1.58%	15.95%	0.23%	4.04%	-11.48%	10.24%	23.07%	41.54%	-2.81%	22.09%

Correlation

The correlation between FBTTX and HGHYX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Dec 27, 2000	0.83

The correlation between FBTTX and HGHYX shifts across timeframes, from 0.71 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FBTTX vs. HGHYX — Risk / Return Rank

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

FBTTX

FBTTX Risk / Return Rank: 81
FBTTX Sharpe Ratio Rank: 82
FBTTX Sortino Ratio Rank: 75
FBTTX Omega Ratio Rank: 61
FBTTX Calmar Ratio Rank: 97
FBTTX Martin Ratio Rank: 91

HGHYX

HGHYX Risk / Return Rank: 29
HGHYX Sharpe Ratio Rank: 30
HGHYX Sortino Ratio Rank: 32
HGHYX Omega Ratio Rank: 27
HGHYX Calmar Ratio Rank: 33
HGHYX Martin Ratio Rank: 25

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. HGHYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Biotechnology Fund Class M (FBTTX) and The Hartford Healthcare Fund (HGHYX). 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.

	FBTTX	HGHYX	Difference
Sharpe ratio: Return per unit of total volatility	2.47	1.45	+1.03
Sortino ratio: Return per unit of downside risk	3.31	2.20	+1.11
Omega ratio: Gain probability vs. loss probability	1.39	1.25	+0.14
Calmar ratio: Return relative to maximum drawdown	6.26	2.04	+4.22
Martin ratio: Return relative to average drawdown	17.20	5.51	+11.69

FBTTX vs. HGHYX - Sharpe Ratio Comparison

The current FBTTX Sharpe Ratio is 2.47, which is higher than the HGHYX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of FBTTX and HGHYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FBTTX vs. HGHYX - Drawdown Comparison

The maximum FBTTX drawdown since its inception was -63.75%, which is greater than HGHYX's maximum drawdown of -42.58%. Use the drawdown chart below to compare losses from any high point for FBTTX and HGHYX.

Drawdown Indicators

	FBTTX	HGHYX	Difference
Max Drawdown Largest peak-to-trough decline	-63.75%	-42.58%	-21.17%
Max Drawdown (1Y) Largest decline over 1 year	-8.94%	-10.82%	+1.88%
Max Drawdown (3Y) Largest decline over 3 years	-32.91%	-22.60%	-10.31%
Max Drawdown (5Y) Largest decline over 5 years	-36.64%	-25.42%	-11.22%
Max Drawdown (10Y) Largest decline over 10 years	-39.04%	-28.51%	-10.53%
Current Drawdown Current decline from peak	-2.17%	-4.46%	+2.29%
Average Drawdown Average peak-to-trough decline	-21.80%	-7.63%	-14.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	4.00%	-0.75%

Volatility

FBTTX vs. HGHYX - Volatility Comparison

Fidelity Advisor Biotechnology Fund Class M (FBTTX) has a higher volatility of 8.12% compared to The Hartford Healthcare Fund (HGHYX) at 5.04%. This indicates that FBTTX's price experiences larger fluctuations and is considered to be riskier than HGHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBTTX	HGHYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.12%	5.04%	+3.08%
Volatility (6M) Calculated over the trailing 6-month period	17.34%	10.99%	+6.35%
Volatility (1Y) Calculated over the trailing 1-year period	22.62%	15.25%	+7.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.56%	15.89%	+7.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.44%	17.75%	+6.69%

FBTTX vs. HGHYX - Expense Ratio Comparison

FBTTX has a 1.28% expense ratio, which is higher than HGHYX's 1.00% expense ratio.

Dividends

FBTTX vs. HGHYX - Dividend Comparison

FBTTX's dividend yield for the trailing twelve months is around 1.44%, less than HGHYX's 2.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBTTX Fidelity Advisor Biotechnology Fund Class M	1.44%	1.53%	6.41%	0.93%	0.00%	21.60%	8.79%	7.10%	2.64%	0.00%	0.00%	5.42%
HGHYX The Hartford Healthcare Fund	2.93%	2.88%	4.74%	0.00%	0.83%	8.86%	10.56%	10.72%	7.15%	4.67%	9.23%	13.39%

Frequently Asked Questions

Can I hold both FBTTX and HGHYX in my portfolio?

FBTTX and HGHYX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBTTX or HGHYX?

FBTTX has higher volatility (8.12%) compared to HGHYX (5.04%). In terms of maximum drawdown, FBTTX dropped -63.75% vs HGHYX's -42.58%.

Which has better risk-adjusted returns?

FBTTX currently has the higher Sharpe Ratio (2.47 vs 1.45), 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.