FIKCX vs. BHCHX

Last updated Jun 5, 2026

FIKCX (Fidelity Advisor Health Care Fund Class Z) and BHCHX (Baron Health Care Fund) are both Health & Biotech Equities funds. Over the past 5 years, FIKCX returned 0.12%/yr vs 0.03%/yr for BHCHX. Their correlation of 0.92 suggests significant overlap in exposure. FIKCX charges 0.59%/yr vs 0.85%/yr for BHCHX.

Performance

FIKCX vs. BHCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Health Care Fund Class Z (FIKCX) and Baron Health Care Fund (BHCHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIKCX achieves a -4.32% return, which is significantly higher than BHCHX's -6.92% return.

FIKCX

• 1D: 0.75%
• 1M: -0.69%
• YTD: -4.32%
• 6M: -5.80%
• 1Y: 15.63%
• 3Y*: 1.46%
• 5Y*: 0.12%
• 10Y*: —

BHCHX

• 1D: 0.76%
• 1M: -0.60%
• YTD: -6.92%
• 6M: -8.26%
• 1Y: 11.76%
• 3Y*: 2.39%
• 5Y*: 0.03%
• 10Y*: —

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

FIKCX vs. BHCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FIKCX Fidelity Advisor Health Care Fund Class Z	-4.32%	14.61%	-5.73%	4.20%	-12.74%	11.66%	21.55%	22.14%
BHCHX Baron Health Care Fund	-6.92%	10.28%	1.55%	6.42%	-16.90%	15.71%	47.71%	18.75%

Correlation

The correlation between FIKCX and BHCHX is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since May 20, 2019	0.92

The correlation between FIKCX and BHCHX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

FIKCX vs. BHCHX — Risk / Return Rank

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

FIKCX

FIKCX Risk / Return Rank: 13
FIKCX Sharpe Ratio Rank: 13
FIKCX Sortino Ratio Rank: 15
FIKCX Omega Ratio Rank: 12
FIKCX Calmar Ratio Rank: 13
FIKCX Martin Ratio Rank: 11

BHCHX

BHCHX Risk / Return Rank: 10
BHCHX Sharpe Ratio Rank: 10
BHCHX Sortino Ratio Rank: 11
BHCHX Omega Ratio Rank: 10
BHCHX Calmar Ratio Rank: 10
BHCHX Martin Ratio Rank: 8

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.

FIKCX vs. BHCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Health Care Fund Class Z (FIKCX) and Baron Health Care Fund (BHCHX). 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.

	FIKCX	BHCHX	Difference
Sharpe ratio: Return per unit of total volatility	0.98	0.80	+0.18
Sortino ratio: Return per unit of downside risk	1.53	1.24	+0.29
Omega ratio: Gain probability vs. loss probability	1.17	1.15	+0.03
Calmar ratio: Return relative to maximum drawdown	1.16	0.86	+0.30
Martin ratio: Return relative to average drawdown	3.15	1.99	+1.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIKCX vs. BHCHX - Sharpe Ratio Comparison

The current FIKCX Sharpe Ratio is 0.98, which is comparable to the BHCHX Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of FIKCX and BHCHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FIKCX	BHCHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	0.80	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.00	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.47	-0.22

Drawdowns

FIKCX vs. BHCHX - Drawdown Comparison

The maximum FIKCX drawdown since its inception was -29.19%, roughly equal to the maximum BHCHX drawdown of -28.53%. Use the drawdown chart below to compare losses from any high point for FIKCX and BHCHX.

Drawdown Indicators

	FIKCX	BHCHX	Difference
Max Drawdown Largest peak-to-trough decline	-29.19%	-28.53%	-0.66%
Max Drawdown (1Y) Largest decline over 1 year	-13.35%	-14.24%	+0.89%
Max Drawdown (3Y) Largest decline over 3 years	-25.31%	-20.51%	-4.80%
Max Drawdown (5Y) Largest decline over 5 years	-29.19%	-28.53%	-0.66%
Current Drawdown Current decline from peak	-10.19%	-11.84%	+1.65%
Average Drawdown Average peak-to-trough decline	-9.27%	-11.06%	+1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	6.15%	-1.23%

Volatility

FIKCX vs. BHCHX - Volatility Comparison

The current volatility for Fidelity Advisor Health Care Fund Class Z (FIKCX) is 4.99%, while Baron Health Care Fund (BHCHX) has a volatility of 5.73%. This indicates that FIKCX experiences smaller price fluctuations and is considered to be less risky than BHCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIKCX	BHCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.99%	5.73%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	12.03%	11.89%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	15.85%	15.25%	+0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.37%	17.03%	+1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.29%	19.74%	+0.55%

FIKCX vs. BHCHX - Expense Ratio Comparison

FIKCX has a 0.59% expense ratio, which is lower than BHCHX's 0.85% expense ratio.

Dividends

FIKCX vs. BHCHX - Dividend Comparison

FIKCX's dividend yield for the trailing twelve months is around 12.00%, while BHCHX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BHCHX Baron Health Care Fund	0.00%	0.00%	0.49%	0.00%	0.00%	1.41%	0.99%	0.00%	0.00%
FIKCX Fidelity Advisor Health Care Fund Class Z	12.00%	11.48%	0.00%	0.00%	0.00%	5.71%	5.86%	0.61%	4.65%

Frequently Asked Questions

Can I hold both FIKCX and BHCHX in my portfolio?

FIKCX and BHCHX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIKCX or BHCHX?

BHCHX has higher volatility (5.73%) compared to FIKCX (4.99%). In terms of maximum drawdown, FIKCX dropped -29.19% vs BHCHX's -28.53%.

Which has better risk-adjusted returns?

FIKCX currently has the higher Sharpe Ratio (0.98 vs 0.80), 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.