FIKCX vs. PRHSX

Last updated Jun 23, 2026

FIKCX (Fidelity Advisor Health Care Fund Class Z) and PRHSX (T. Rowe Price Health Sciences Fund) are both Health & Biotech Equities funds. Over the past 5 years, FIKCX returned 0.48%/yr vs 2.61%/yr for PRHSX. With a 0.95 correlation, they move nearly in lockstep. FIKCX charges 0.59%/yr vs 0.80%/yr for PRHSX.

Performance

FIKCX vs. PRHSX - Performance Comparison

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

Returns By Period

In the year-to-date period, FIKCX achieves a 0.08% return, which is significantly higher than PRHSX's -1.52% return.

FIKCX

• 1D: 0.28%
• 1M: 3.30%
• YTD: 0.08%
• 6M: -1.67%
• 1Y: 21.51%
• 3Y*: 2.99%
• 5Y*: 0.48%
• 10Y*: —

PRHSX

• 1D: -0.36%
• 1M: 0.83%
• YTD: -1.52%
• 6M: -2.57%
• 1Y: 22.07%
• 3Y*: 6.30%
• 5Y*: 2.61%
• 10Y*: 10.77%

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

FIKCX vs. PRHSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIKCX Fidelity Advisor Health Care Fund Class Z	0.08%	14.61%	-5.73%	4.20%	-12.74%	11.66%	21.55%	28.39%	-11.04%
PRHSX T. Rowe Price Health Sciences Fund	-1.52%	17.75%	1.82%	3.03%	-12.22%	13.50%	30.19%	37.88%	-12.26%

Correlation

The correlation between FIKCX and PRHSX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.95

The correlation between FIKCX and PRHSX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

FIKCX vs. PRHSX — Risk / Return Rank

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

FIKCX

FIKCX Risk / Return Rank: 22
FIKCX Sharpe Ratio Rank: 24
FIKCX Sortino Ratio Rank: 27
FIKCX Omega Ratio Rank: 21
FIKCX Calmar Ratio Rank: 22
FIKCX Martin Ratio Rank: 17

PRHSX

PRHSX Risk / Return Rank: 24
PRHSX Sharpe Ratio Rank: 26
PRHSX Sortino Ratio Rank: 29
PRHSX Omega Ratio Rank: 24
PRHSX Calmar Ratio Rank: 24
PRHSX Martin Ratio Rank: 20

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. PRHSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Health Care Fund Class Z (FIKCX) and T. Rowe Price Health Sciences Fund (PRHSX). 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.

	FIKCX	PRHSX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.38	-0.07
Sortino ratio: Return per unit of downside risk	2.01	2.07	-0.07
Omega ratio: Gain probability vs. loss probability	1.23	1.24	-0.01
Calmar ratio: Return relative to maximum drawdown	1.60	1.68	-0.08
Martin ratio: Return relative to average drawdown	4.24	4.74	-0.50

FIKCX vs. PRHSX - Sharpe Ratio Comparison

The current FIKCX Sharpe Ratio is 1.31, which is comparable to the PRHSX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of FIKCX and PRHSX, 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

FIKCX vs. PRHSX - Drawdown Comparison

The maximum FIKCX drawdown since its inception was -29.19%, smaller than the maximum PRHSX drawdown of -42.96%. Use the drawdown chart below to compare losses from any high point for FIKCX and PRHSX.

Drawdown Indicators

	FIKCX	PRHSX	Difference
Max Drawdown Largest peak-to-trough decline	-29.19%	-42.96%	+13.77%
Max Drawdown (1Y) Largest decline over 1 year	-13.35%	-12.81%	-0.54%
Max Drawdown (3Y) Largest decline over 3 years	-25.31%	-21.00%	-4.31%
Max Drawdown (5Y) Largest decline over 5 years	-29.19%	-27.61%	-1.58%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.97%	—
Current Drawdown Current decline from peak	-6.06%	-4.61%	-1.45%
Average Drawdown Average peak-to-trough decline	-9.26%	-8.74%	-0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.04%	4.55%	+0.49%

Volatility

FIKCX vs. PRHSX - Volatility Comparison

Fidelity Advisor Health Care Fund Class Z (FIKCX) has a higher volatility of 6.00% compared to T. Rowe Price Health Sciences Fund (PRHSX) at 5.21%. This indicates that FIKCX's price experiences larger fluctuations and is considered to be riskier than PRHSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIKCX	PRHSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	5.21%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	12.64%	12.20%	+0.44%
Volatility (1Y) Calculated over the trailing 1-year period	16.38%	15.67%	+0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.46%	17.28%	+1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.29%	19.27%	+1.02%

FIKCX vs. PRHSX - Expense Ratio Comparison

FIKCX has a 0.59% expense ratio, which is lower than PRHSX's 0.80% expense ratio.

Dividends

FIKCX vs. PRHSX - Dividend Comparison

FIKCX's dividend yield for the trailing twelve months is around 11.47%, less than PRHSX's 12.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIKCX Fidelity Advisor Health Care Fund Class Z	11.47%	11.48%	0.00%	0.00%	0.00%	5.71%	5.86%	0.61%	4.65%	0.00%	0.00%	0.00%
PRHSX T. Rowe Price Health Sciences Fund	12.28%	12.09%	12.89%	5.21%	1.77%	7.46%	7.16%	12.29%	6.57%	7.43%	4.55%	11.34%

Frequently Asked Questions

Can I hold both FIKCX and PRHSX in my portfolio?

With a correlation of 0.92, FIKCX and PRHSX 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.

Which is riskier, FIKCX or PRHSX?

FIKCX has higher volatility (6.00%) compared to PRHSX (5.21%). In terms of maximum drawdown, FIKCX dropped -29.19% vs PRHSX's -42.96%.

Which has better risk-adjusted returns?

PRHSX currently has the higher Sharpe Ratio (1.38 vs 1.31), 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.