FHCIX vs. IXJ
FHCIX (Fidelity Advisor Health Care Fund Class I) and IXJ (iShares Global Healthcare ETF) are both Health & Biotech Equities funds. Over the past 10 years, FHCIX returned 8.41%/yr vs 7.66%/yr for IXJ. Their correlation of 0.83 suggests significant overlap in exposure. FHCIX charges 0.71%/yr vs 0.46%/yr for IXJ.
Performance
FHCIX vs. IXJ - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FHCIX having a -5.08% return and IXJ slightly lower at -5.26%. Over the past 10 years, FHCIX has outperformed IXJ with an annualized return of 8.41%, while IXJ has yielded a comparatively lower 7.66% annualized return.
FHCIX
- 1D
- -1.81%
- 1M
- -1.03%
- YTD
- -5.08%
- 6M
- -6.17%
- 1Y
- 14.48%
- 3Y*
- 4.57%
- 5Y*
- 2.01%
- 10Y*
- 8.41%
IXJ
- 1D
- 0.39%
- 1M
- 0.34%
- YTD
- -5.26%
- 6M
- -4.88%
- 1Y
- 9.30%
- 3Y*
- 4.42%
- 5Y*
- 4.02%
- 10Y*
- 7.66%
FHCIX vs. IXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHCIX Fidelity Advisor Health Care Fund Class I | -5.08% | 14.48% | 4.22% | 4.07% | -12.84% | 11.53% | 21.40% | 28.22% | 7.51% | 24.38% |
IXJ iShares Global Healthcare ETF | -5.26% | 14.99% | 0.55% | 3.62% | -4.94% | 19.60% | 12.74% | 23.23% | 2.83% | 20.44% |
Correlation
The correlation between FHCIX and IXJ is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2001 | 0.83 |
The correlation between FHCIX and IXJ has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
FHCIX vs. IXJ — Risk / Return Rank
FHCIX
IXJ
FHCIX vs. IXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Health Care Fund Class I (FHCIX) and iShares Global Healthcare ETF (IXJ). 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.
| FHCIX | IXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.12 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 0.87 | +0.25 |
| Martin ratioReturn relative to average drawdown | 3.04 | 2.11 | +0.93 |
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
| FHCIX | IXJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.64 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.28 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.49 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.42 | +0.16 |
Drawdowns
FHCIX vs. IXJ - Drawdown Comparison
The maximum FHCIX drawdown since its inception was -44.75%, which is greater than IXJ's maximum drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for FHCIX and IXJ.
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Drawdown Indicators
| FHCIX | IXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.75% | -40.60% | -4.15% |
Max Drawdown (1Y)Largest decline over 1 year | -13.37% | -10.78% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -17.38% | -18.14% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -29.24% | -18.14% | -11.10% |
Max Drawdown (10Y)Largest decline over 10 years | -29.24% | -27.35% | -1.89% |
Current DrawdownCurrent decline from peak | -9.05% | -9.27% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -6.92% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 4.41% | +0.49% |
Volatility
FHCIX vs. IXJ - Volatility Comparison
Fidelity Advisor Health Care Fund Class I (FHCIX) has a higher volatility of 5.08% compared to iShares Global Healthcare ETF (IXJ) at 3.75%. This indicates that FHCIX's price experiences larger fluctuations and is considered to be riskier than IXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHCIX | IXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 3.75% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 12.11% | 10.05% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.85% | 14.55% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.90% | 14.21% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 15.67% | +3.11% |
FHCIX vs. IXJ - Expense Ratio Comparison
FHCIX has a 0.71% expense ratio, which is higher than IXJ's 0.46% expense ratio.
Dividends
FHCIX vs. IXJ - Dividend Comparison
FHCIX's dividend yield for the trailing twelve months is around 12.18%, more than IXJ's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHCIX Fidelity Advisor Health Care Fund Class I | 12.18% | 11.56% | 10.92% | 0.00% | 0.00% | 5.64% | 5.72% | 0.48% | 4.65% | 0.06% | 0.00% | 6.29% |
IXJ iShares Global Healthcare ETF | 1.47% | 1.40% | 1.50% | 1.38% | 1.17% | 1.12% | 1.27% | 1.42% | 2.11% | 1.46% | 1.73% | 2.85% |
Frequently Asked Questions
FHCIX and IXJ have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHCIX has higher volatility (5.08%) compared to IXJ (3.75%). In terms of maximum drawdown, FHCIX dropped -44.75% vs IXJ's -40.60%.
FHCIX currently has the higher Sharpe Ratio (0.94 vs 0.64), 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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