FIJYX vs. FSMEX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Advisor Biotechnology Fund Class Z (FIJYX) and Fidelity Select Medical Technology and Devices Portfolio (FSMEX).

FIJYX is managed by Fidelity. It was launched on Oct 2, 2018. FSMEX is managed by Fidelity. It was launched on Apr 28, 1998.

Performance

FIJYX vs. FSMEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Biotechnology Fund Class Z (FIJYX) and Fidelity Select Medical Technology and Devices Portfolio (FSMEX). The values are adjusted to include any dividend payments, if applicable.

FIJYX vs. FSMEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIJYX Fidelity Advisor Biotechnology Fund Class Z	2.35%	40.09%	0.03%	11.19%	-7.60%	-2.76%	32.72%	26.25%	-11.45%
FSMEX Fidelity Select Medical Technology and Devices Portfolio	-15.85%	8.13%	18.37%	0.62%	-24.84%	24.56%	30.18%	29.58%	-9.34%

Returns By Period

In the year-to-date period, FIJYX achieves a 2.35% return, which is significantly higher than FSMEX's -15.85% return.

FIJYX

• 1D: 5.06%
• 1M: -0.73%
• YTD: 2.35%
• 6M: 15.76%
• 1Y: 55.98%
• 3Y*: 18.69%
• 5Y*: 8.12%
• 10Y*: —

FSMEX

• 1D: 2.09%
• 1M: -8.17%
• YTD: -15.85%
• 6M: -10.43%
• 1Y: -6.29%
• 3Y*: 1.05%
• 5Y*: -0.41%
• 10Y*: 10.69%

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

FIJYX vs. FSMEX - Expense Ratio Comparison

FIJYX has a 0.61% expense ratio, which is lower than FSMEX's 0.68% expense ratio.

FSMEX

Fidelity Select Medical Technology and Devices Portfolio

FIJYX

Fidelity Advisor Biotechnology Fund Class Z

Return for Risk

FIJYX vs. FSMEX — Risk / Return Rank

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

FIJYX

FIJYX Risk / Return Rank: 89
FIJYX Sharpe Ratio Rank: 90
FIJYX Sortino Ratio Rank: 88
FIJYX Omega Ratio Rank: 80
FIJYX Calmar Ratio Rank: 94
FIJYX Martin Ratio Rank: 94

FSMEX

FSMEX Risk / Return Rank: 2
FSMEX Sharpe Ratio Rank: 2
FSMEX Sortino Ratio Rank: 2
FSMEX Omega Ratio Rank: 2
FSMEX Calmar Ratio Rank: 3
FSMEX Martin Ratio Rank: 2

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.

FIJYX vs. FSMEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Biotechnology Fund Class Z (FIJYX) and Fidelity Select Medical Technology and Devices Portfolio (FSMEX). 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.

	FIJYX	FSMEX	Difference
Sharpe ratio Return per unit of total volatility	1.96	-0.33	+2.29
Sortino ratio Return per unit of downside risk	2.56	-0.34	+2.89
Omega ratio Gain probability vs. loss probability	1.33	0.96	+0.37
Calmar ratio Return relative to maximum drawdown	3.20	-0.31	+3.51
Martin ratio Return relative to average drawdown	12.85	-0.99	+13.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIJYX vs. FSMEX - Sharpe Ratio Comparison

The current FIJYX Sharpe Ratio is 1.96, which is higher than the FSMEX Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of FIJYX and FSMEX, 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

	FIJYX	FSMEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	-0.33	+2.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	-0.02	+0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.65	-0.23

Correlation

The correlation between FIJYX and FSMEX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FIJYX vs. FSMEX - Dividend Comparison

FIJYX's dividend yield for the trailing twelve months is around 1.41%, less than FSMEX's 12.52% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIJYX Fidelity Advisor Biotechnology Fund Class Z	1.41%	1.44%	0.00%	1.55%	0.00%	18.90%	8.13%	6.49%	2.35%	0.00%	0.00%	0.00%
FSMEX Fidelity Select Medical Technology and Devices Portfolio	12.52%	10.53%	17.04%	0.00%	1.80%	8.12%	6.65%	1.77%	7.47%	6.26%	5.84%	16.35%

Drawdowns

FIJYX vs. FSMEX - Drawdown Comparison

The maximum FIJYX drawdown since its inception was -38.53%, roughly equal to the maximum FSMEX drawdown of -40.34%. Use the drawdown chart below to compare losses from any high point for FIJYX and FSMEX.

Drawdown Indicators

	FIJYX	FSMEX	Difference
Max Drawdown Largest peak-to-trough decline	-38.53%	-40.34%	+1.81%
Max Drawdown (1Y) Largest decline over 1 year	-13.59%	-21.04%	+7.45%
Max Drawdown (5Y) Largest decline over 5 years	-36.39%	-40.34%	+3.95%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.34%	—
Current Drawdown Current decline from peak	-2.49%	-21.20%	+18.71%
Average Drawdown Average peak-to-trough decline	-11.76%	-7.66%	-4.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	6.62%	-2.93%

Volatility

FIJYX vs. FSMEX - Volatility Comparison

Fidelity Advisor Biotechnology Fund Class Z (FIJYX) has a higher volatility of 9.34% compared to Fidelity Select Medical Technology and Devices Portfolio (FSMEX) at 6.36%. This indicates that FIJYX's price experiences larger fluctuations and is considered to be riskier than FSMEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIJYX	FSMEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.34%	6.36%	+2.98%
Volatility (6M) Calculated over the trailing 6-month period	17.01%	12.51%	+4.50%
Volatility (1Y) Calculated over the trailing 1-year period	26.00%	21.09%	+4.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.43%	20.76%	+2.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.07%	20.60%	+4.47%