FIJYX vs. AHSAX

Last updated Aug 5, 2026

FIJYX (Fidelity Advisor Biotechnology Fund Class Z) and AHSAX (Alger Health Sciences Fund) are both Health & Biotech Equities funds. Over the past 5 years, FIJYX returned 11.57%/yr vs -0.08%/yr for AHSAX. Their correlation of 0.81 means they have usually moved in the same direction. FIJYX charges 0.61%/yr vs 1.05%/yr for AHSAX.

Performance

FIJYX vs. AHSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Biotechnology Fund Class Z (FIJYX) and Alger Health Sciences Fund (AHSAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIJYX achieves a 20.10% return, which is significantly lower than AHSAX's 21.62% return.

FIJYX

• 1D: -0.66%
• 1M: -2.86%
• 6M: 16.35%
• YTD: 20.10%
• 1Y: 57.70%
• 3Y*: 23.76%
• 5Y*: 11.57%
• 10Y*: —
• ALL TIME*: 12.44%

AHSAX

• 1D: 0.00%
• 1M: 5.96%
• 6M: 19.27%
• YTD: 21.62%
• 1Y: 50.71%
• 3Y*: 11.05%
• 5Y*: -0.08%
• 10Y*: 9.90%
• ALL TIME*: 7.58%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AHSAX Alger Health Sciences Fund	$0.00	$0.00	$0.00
FIJYX Fidelity Advisor Biotechnology Fund Class Z	$0.00	$0.00	$0.00

FIJYX vs. AHSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIJYX Fidelity Advisor Biotechnology Fund Class Z	20.10%	40.09%	0.03%	11.19%	-7.60%	-2.76%	32.72%	26.25%	-11.45%
AHSAX Alger Health Sciences Fund	21.62%	10.14%	1.17%	-4.26%	-17.04%	3.26%	30.99%	22.02%	-13.78%

Correlation

The correlation between FIJYX and AHSAX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.81

The correlation between FIJYX and AHSAX has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.

Return for Risk

FIJYX vs. AHSAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FIJYX

FIJYX Risk / Return Rank: 93
FIJYX Sharpe Ratio Rank: 95
FIJYX Sortino Ratio Rank: 91
FIJYX Omega Ratio Rank: 83
FIJYX Calmar Ratio Rank: 98
FIJYX Martin Ratio Rank: 96

AHSAX

AHSAX Risk / Return Rank: 96
AHSAX Sharpe Ratio Rank: 98
AHSAX Sortino Ratio Rank: 97
AHSAX Omega Ratio Rank: 94
AHSAX Calmar Ratio Rank: 97
AHSAX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FIJYX vs. AHSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Biotechnology Fund Class Z (FIJYX) and Alger Health Sciences Fund (AHSAX). 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.

	FIJYX	AHSAX	Difference
Sharpe ratio: Return per unit of total volatility	2.58	3.17	-0.59
Sortino ratio: Return per unit of downside risk	3.45	4.36	-0.91
Omega ratio: Gain probability vs. loss probability	1.41	1.53	-0.13
Calmar ratio: Return relative to maximum drawdown	6.86	5.54	+1.32
Martin ratio: Return relative to average drawdown	18.14	17.92	+0.21

FIJYX vs. AHSAX - Sharpe Ratio Comparison

The current FIJYX Sharpe Ratio is 2.58, which is comparable to the AHSAX Sharpe Ratio of 3.17. The chart below compares the historical Sharpe Ratios of FIJYX and AHSAX, 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

FIJYX vs. AHSAX - Drawdown Comparison

The maximum FIJYX drawdown since its inception was -38.53%, smaller than the maximum AHSAX drawdown of -46.23%. Use the drawdown chart below to compare losses from any high point for FIJYX and AHSAX.

Drawdown Indicators

	FIJYX	AHSAX	Difference
Max Drawdown Largest peak-to-trough decline	-38.53%	-46.23%	+7.70%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	-9.67%	+0.79%
Max Drawdown (3Y) Largest decline over 3 years	-36.39%	-23.11%	-13.28%
Max Drawdown (5Y) Largest decline over 5 years	-36.39%	-45.04%	+8.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.04%	—
Current Drawdown Current decline from peak	-5.91%	-11.55%	+5.64%
Average Drawdown Average peak-to-trough decline	-11.38%	-14.73%	+3.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	2.99%	+0.36%

Volatility

FIJYX vs. AHSAX - Volatility Comparison

Fidelity Advisor Biotechnology Fund Class Z (FIJYX) and Alger Health Sciences Fund (AHSAX) have volatilities of 6.74% and 6.57%, 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.

Volatility by Period

	FIJYX	AHSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.74%	6.57%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	18.03%	13.37%	+4.66%
Volatility (1Y) Calculated over the trailing 1-year period	23.63%	16.94%	+6.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.95%	24.32%	-0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.07%	23.38%	+1.69%

FIJYX vs. AHSAX - Expense Ratio Comparison

FIJYX has a 0.61% expense ratio, which is lower than AHSAX's 1.05% expense ratio.

Dividends

FIJYX vs. AHSAX - Dividend Comparison

FIJYX's dividend yield for the trailing twelve months is around 1.20%, while AHSAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AHSAX Alger Health Sciences Fund	0.00%	0.00%	0.00%	0.00%	0.00%	27.18%	11.68%	6.98%	7.82%
FIJYX Fidelity Advisor Biotechnology Fund Class Z	1.20%	1.44%	0.00%	1.55%	0.00%	18.90%	8.13%	6.49%	2.35%

Frequently Asked Questions

Can I hold both FIJYX and AHSAX in my portfolio?

FIJYX and AHSAX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIJYX or AHSAX?

FIJYX has higher volatility (6.74%) compared to AHSAX (6.57%). In terms of maximum drawdown, FIJYX dropped -38.53% vs AHSAX's -46.23%.

Which has better risk-adjusted returns?

AHSAX currently has the higher Sharpe Ratio (3.17 vs 2.58), 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.