FIJYX vs. RYOIX

Last updated Jun 26, 2026

FIJYX (Fidelity Advisor Biotechnology Fund Class Z) and RYOIX (Rydex Biotechnology Fund) are both Health & Biotech Equities funds. Over the past 5 years, FIJYX returned 10.00%/yr vs 5.43%/yr for RYOIX. Their correlation of 0.92 suggests significant overlap in exposure. FIJYX charges 0.61%/yr vs 1.36%/yr for RYOIX.

Performance

FIJYX vs. RYOIX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with FIJYX having a 14.15% return and RYOIX slightly higher at 14.43%.

FIJYX

• 1D: 0.79%
• 1M: 9.72%
• YTD: 14.15%
• 6M: 10.79%
• 1Y: 65.20%
• 3Y*: 20.86%
• 5Y*: 10.00%
• 10Y*: —

RYOIX

• 1D: 1.73%
• 1M: 7.99%
• YTD: 14.43%
• 6M: 11.77%
• 1Y: 51.51%
• 3Y*: 16.70%
• 5Y*: 5.43%
• 10Y*: 10.83%

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

FIJYX vs. RYOIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIJYX Fidelity Advisor Biotechnology Fund Class Z	14.15%	40.09%	0.03%	11.19%	-7.60%	-2.76%	32.72%	26.25%	-11.45%
RYOIX Rydex Biotechnology Fund	14.43%	30.62%	-0.95%	6.06%	-13.04%	2.05%	21.94%	30.69%	-14.11%

Correlation

The correlation between FIJYX and RYOIX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.92

The correlation between FIJYX and RYOIX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

Return for Risk

FIJYX vs. RYOIX — Risk / Return Rank

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

FIJYX

FIJYX Risk / Return Rank: 92
FIJYX Sharpe Ratio Rank: 94
FIJYX Sortino Ratio Rank: 88
FIJYX Omega Ratio Rank: 81
FIJYX Calmar Ratio Rank: 98
FIJYX Martin Ratio Rank: 96

RYOIX

RYOIX Risk / Return Rank: 90
RYOIX Sharpe Ratio Rank: 90
RYOIX Sortino Ratio Rank: 87
RYOIX Omega Ratio Rank: 78
RYOIX Calmar Ratio Rank: 97
RYOIX Martin Ratio Rank: 97

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. RYOIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Biotechnology Fund Class Z (FIJYX) and Rydex Biotechnology Fund (RYOIX). 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	RYOIX	Difference
Sharpe ratio: Return per unit of total volatility	2.82	2.56	+0.25
Sortino ratio: Return per unit of downside risk	3.72	3.60	+0.13
Omega ratio: Gain probability vs. loss probability	1.45	1.42	+0.03
Calmar ratio: Return relative to maximum drawdown	7.33	6.02	+1.31
Martin ratio: Return relative to average drawdown	20.27	21.92	-1.66

FIJYX vs. RYOIX - Sharpe Ratio Comparison

The current FIJYX Sharpe Ratio is 2.82, which is comparable to the RYOIX Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of FIJYX and RYOIX, 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. RYOIX - Drawdown Comparison

The maximum FIJYX drawdown since its inception was -38.53%, smaller than the maximum RYOIX drawdown of -74.43%. Use the drawdown chart below to compare losses from any high point for FIJYX and RYOIX.

Drawdown Indicators

	FIJYX	RYOIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.53%	-74.43%	+35.90%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	-8.43%	-0.45%
Max Drawdown (3Y) Largest decline over 3 years	-36.39%	-23.47%	-12.92%
Max Drawdown (5Y) Largest decline over 5 years	-36.39%	-33.66%	-2.73%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.66%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-11.51%	-27.58%	+16.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	2.31%	+0.89%

Volatility

FIJYX vs. RYOIX - Volatility Comparison

Fidelity Advisor Biotechnology Fund Class Z (FIJYX) has a higher volatility of 9.19% compared to Rydex Biotechnology Fund (RYOIX) at 6.78%. This indicates that FIJYX's price experiences larger fluctuations and is considered to be riskier than RYOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIJYX	RYOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.19%	6.78%	+2.41%
Volatility (6M) Calculated over the trailing 6-month period	17.92%	15.22%	+2.70%
Volatility (1Y) Calculated over the trailing 1-year period	23.16%	19.86%	+3.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.79%	21.26%	+2.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.07%	23.18%	+1.89%

FIJYX vs. RYOIX - Expense Ratio Comparison

FIJYX has a 0.61% expense ratio, which is lower than RYOIX's 1.36% expense ratio.

Dividends

FIJYX vs. RYOIX - Dividend Comparison

FIJYX's dividend yield for the trailing twelve months is around 1.26%, less than RYOIX's 10.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIJYX Fidelity Advisor Biotechnology Fund Class Z	1.26%	1.44%	0.00%	1.55%	0.00%	18.90%	8.13%	6.49%	2.35%	0.00%	0.00%	0.00%
RYOIX Rydex Biotechnology Fund	10.98%	12.57%	14.61%	0.00%	1.29%	19.39%	7.28%	8.58%	14.11%	5.38%	0.00%	1.45%

Frequently Asked Questions

Can I hold both FIJYX and RYOIX in my portfolio?

FIJYX and RYOIX have a correlation of 0.88, 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 RYOIX?

FIJYX has higher volatility (9.19%) compared to RYOIX (6.78%). In terms of maximum drawdown, FIJYX dropped -38.53% vs RYOIX's -74.43%.

Which has better risk-adjusted returns?

FIJYX currently has the higher Sharpe Ratio (2.82 vs 2.56), 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.