FIJYX vs. LYFIX
FIJYX (Fidelity Advisor Biotechnology Fund Class Z) and LYFIX (AlphaCentric LifeSci Healthcare Fund) are both Health & Biotech Equities funds. Over the past 5 years, FIJYX returned 12.41%/yr vs 9.79%/yr for LYFIX. Their correlation of 0.84 means they have usually moved in the same direction. FIJYX charges 0.61%/yr vs 1.40%/yr for LYFIX.
Performance
FIJYX vs. LYFIX - Performance Comparison
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Returns By Period
In the year-to-date period, FIJYX achieves a 23.82% return, which is significantly higher than LYFIX's 15.97% return.
FIJYX
- 1D
- 0.67%
- 1M
- 0.16%
- 6M
- 22.08%
- YTD
- 23.82%
- 1Y
- 65.60%
- 3Y*
- 23.83%
- 5Y*
- 12.41%
- 10Y*
- —
- ALL TIME*
- 12.90%
LYFIX
- 1D
- 0.66%
- 1M
- -3.10%
- 6M
- 14.82%
- YTD
- 15.97%
- 1Y
- 53.57%
- 3Y*
- 10.77%
- 5Y*
- 9.79%
- 10Y*
- —
- ALL TIME*
- 13.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FIJYX vs. LYFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FIJYX Fidelity Advisor Biotechnology Fund Class Z | 23.82% | 40.09% | 0.03% | 11.19% | -7.60% | -2.76% | 32.72% | 3.11% |
LYFIX AlphaCentric LifeSci Healthcare Fund | 15.97% | 28.22% | -0.27% | 7.19% | -0.92% | -3.42% | 54.83% | 1.20% |
Correlation
The correlation between FIJYX and LYFIX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2019 | 0.84 |
The correlation between FIJYX and LYFIX has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
FIJYX vs. LYFIX — Risk / Return Rank
FIJYX
LYFIX
FIJYX vs. LYFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Biotechnology Fund Class Z (FIJYX) 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.
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 | LYFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.43 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 7.80 | 6.18 | +1.62 |
| Martin ratioReturn relative to average drawdown | 20.83 | 20.01 | +0.82 |
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Drawdowns
FIJYX vs. LYFIX - Drawdown Comparison
The maximum FIJYX drawdown since its inception was -38.53%, which is greater than LYFIX's maximum drawdown of -35.33%. Use the drawdown chart below to compare losses from any high point for FIJYX and LYFIX.
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Drawdown Indicators
| FIJYX | LYFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.53% | -35.33% | -3.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.88% | -8.49% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -36.39% | -22.78% | -13.61% |
Max Drawdown (5Y)Largest decline over 5 years | -36.39% | -30.46% | -5.93% |
Current DrawdownCurrent decline from peak | -2.99% | -5.24% | +2.25% |
Average DrawdownAverage peak-to-trough decline | -11.39% | -9.68% | -1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 2.62% | +0.69% |
Volatility
FIJYX vs. LYFIX - Volatility Comparison
Fidelity Advisor Biotechnology Fund Class Z (FIJYX) has a higher volatility of 6.87% compared to AlphaCentric LifeSci Healthcare Fund (LYFIX) at 6.38%. This indicates that FIJYX's price experiences larger fluctuations and is considered to be riskier than LYFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIJYX | LYFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.87% | 6.38% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 17.87% | 15.42% | +2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.45% | 19.65% | +3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.93% | 22.87% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.06% | 23.40% | +1.66% |
FIJYX vs. LYFIX - Expense Ratio Comparison
FIJYX has a 0.61% expense ratio, which is lower than LYFIX's 1.40% expense ratio.
Dividends
FIJYX vs. LYFIX - Dividend Comparison
FIJYX's dividend yield for the trailing twelve months is around 1.16%, less than LYFIX's 1.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FIJYX Fidelity Advisor Biotechnology Fund Class Z | 1.16% | 1.44% | 0.00% | 1.55% | 0.00% | 18.90% | 8.13% | 6.49% | 2.35% |
LYFIX AlphaCentric LifeSci Healthcare Fund | 1.54% | 1.78% | 2.24% | 2.63% | 4.43% | 12.88% | 2.30% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, FIJYX and LYFIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FIJYX has higher volatility (6.87%) compared to LYFIX (6.38%). In terms of maximum drawdown, FIJYX dropped -38.53% vs LYFIX's -35.33%.
FIJYX currently has the higher Sharpe Ratio (2.95 vs 2.67), 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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