FHCIX vs. LYFIX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Health Care Fund Class I (FHCIX) and AlphaCentric LifeSci Healthcare Fund (LYFIX).

FHCIX is managed by Fidelity. It was launched on Sep 3, 1996. LYFIX is managed by AlphaCentric Funds. It was launched on Nov 28, 2019.

Performance

FHCIX vs. LYFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Health Care Fund Class I (FHCIX) and AlphaCentric LifeSci Healthcare Fund (LYFIX). The values are adjusted to include any dividend payments, if applicable.

FHCIX vs. LYFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FHCIX Fidelity Advisor Health Care Fund Class I	-9.59%	14.48%	4.22%	4.07%	-12.84%	11.53%	21.40%	4.52%
LYFIX AlphaCentric LifeSci Healthcare Fund	-4.21%	28.22%	-0.27%	7.19%	-0.92%	-3.42%	54.83%	1.20%

Returns By Period

In the year-to-date period, FHCIX achieves a -9.59% return, which is significantly lower than LYFIX's -4.21% return.

FHCIX

• 1D: -0.71%
• 1M: -9.50%
• YTD: -9.59%
• 6M: 0.23%
• 1Y: 4.53%
• 3Y*: 3.73%
• 5Y*: 1.47%
• 10Y*: 8.60%

LYFIX

• 1D: 0.93%
• 1M: -7.36%
• YTD: -4.21%
• 6M: 13.80%
• 1Y: 19.23%
• 3Y*: 7.08%
• 5Y*: 4.29%
• 10Y*: —

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

FHCIX vs. LYFIX - Expense Ratio Comparison

FHCIX has a 0.71% expense ratio, which is lower than LYFIX's 1.40% expense ratio.

LYFIX

AlphaCentric LifeSci Healthcare Fund

FHCIX

Fidelity Advisor Health Care Fund Class I

Return for Risk

FHCIX vs. LYFIX — Risk / Return Rank

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

FHCIX

FHCIX Risk / Return Rank: 10
FHCIX Sharpe Ratio Rank: 10
FHCIX Sortino Ratio Rank: 10
FHCIX Omega Ratio Rank: 9
FHCIX Calmar Ratio Rank: 10
FHCIX Martin Ratio Rank: 10

LYFIX

LYFIX Risk / Return Rank: 54
LYFIX Sharpe Ratio Rank: 54
LYFIX Sortino Ratio Rank: 54
LYFIX Omega Ratio Rank: 40
LYFIX Calmar Ratio Rank: 77
LYFIX Martin Ratio Rank: 43

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.

FHCIX vs. LYFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Health Care Fund Class I (FHCIX) and AlphaCentric LifeSci Healthcare Fund (LYFIX). 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	LYFIX	Difference
Sharpe ratio Return per unit of total volatility	0.22	1.03	-0.81
Sortino ratio Return per unit of downside risk	0.44	1.50	-1.06
Omega ratio Gain probability vs. loss probability	1.05	1.18	-0.13
Calmar ratio Return relative to maximum drawdown	0.23	1.85	-1.62
Martin ratio Return relative to average drawdown	0.69	4.50	-3.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHCIX vs. LYFIX - Sharpe Ratio Comparison

The current FHCIX Sharpe Ratio is 0.22, which is lower than the LYFIX Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of FHCIX and LYFIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FHCIX	LYFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	1.03	-0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.19	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.48	+0.09

Correlation

The correlation between FHCIX and LYFIX is 0.77, 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

FHCIX vs. LYFIX - Dividend Comparison

FHCIX's dividend yield for the trailing twelve months is around 12.78%, more than LYFIX's 1.86% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHCIX Fidelity Advisor Health Care Fund Class I	12.78%	11.56%	10.92%	0.00%	0.00%	5.64%	5.72%	0.48%	4.65%	0.06%	0.00%	6.29%
LYFIX AlphaCentric LifeSci Healthcare Fund	1.86%	1.78%	2.24%	2.63%	4.43%	12.88%	2.30%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FHCIX vs. LYFIX - Drawdown Comparison

The maximum FHCIX drawdown since its inception was -44.75%, which is greater than LYFIX's maximum drawdown of -35.33%. Use the drawdown chart below to compare losses from any high point for FHCIX and LYFIX.

Drawdown Indicators

	FHCIX	LYFIX	Difference
Max Drawdown Largest peak-to-trough decline	-44.75%	-35.33%	-9.42%
Max Drawdown (1Y) Largest decline over 1 year	-13.37%	-9.47%	-3.90%
Max Drawdown (5Y) Largest decline over 5 years	-29.24%	-32.45%	+3.21%
Max Drawdown (10Y) Largest decline over 10 years	-29.24%	—	—
Current Drawdown Current decline from peak	-13.37%	-7.64%	-5.73%
Average Drawdown Average peak-to-trough decline	-9.20%	-10.07%	+0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.39%	4.23%	+0.16%

Volatility

FHCIX vs. LYFIX - Volatility Comparison

The current volatility for Fidelity Advisor Health Care Fund Class I (FHCIX) is 5.59%, while AlphaCentric LifeSci Healthcare Fund (LYFIX) has a volatility of 6.67%. This indicates that FHCIX experiences smaller price fluctuations and is considered to be less risky than LYFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHCIX	LYFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.59%	6.67%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	10.99%	13.17%	-2.18%
Volatility (1Y) Calculated over the trailing 1-year period	18.39%	19.01%	-0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.69%	22.89%	-5.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.75%	23.45%	-4.70%