FPHAX vs. FDSVX

Last updated Jun 9, 2026

FPHAX (Fidelity Select Pharmaceuticals Portfolio) and FDSVX (Fidelity Growth Discovery Fund) are both mutual funds - FPHAX is a Health & Biotech Equities fund managed by Fidelity, while FDSVX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, FPHAX returned 11.73%/yr vs 18.48%/yr for FDSVX. A 0.68 correlation means they provide meaningful diversification when combined. FPHAX charges 0.75%/yr vs 0.77%/yr for FDSVX.

Performance

FPHAX vs. FDSVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Pharmaceuticals Portfolio (FPHAX) and Fidelity Growth Discovery Fund (FDSVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FPHAX having a 10.17% return and FDSVX slightly lower at 9.96%. Over the past 10 years, FPHAX has underperformed FDSVX with an annualized return of 11.73%, while FDSVX has yielded a comparatively higher 18.48% annualized return.

FPHAX

• 1D: -0.78%
• 1M: 6.37%
• YTD: 10.17%
• 6M: 11.79%
• 1Y: 40.05%
• 3Y*: 17.98%
• 5Y*: 13.47%
• 10Y*: 11.73%

FDSVX

• 1D: -4.21%
• 1M: -0.84%
• YTD: 9.96%
• 6M: 8.94%
• 1Y: 23.11%
• 3Y*: 23.39%
• 5Y*: 13.68%
• 10Y*: 18.48%

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

FPHAX vs. FDSVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FPHAX Fidelity Select Pharmaceuticals Portfolio	10.17%	30.41%	9.39%	12.54%	0.94%	11.79%	11.16%	31.73%	5.41%	10.70%
FDSVX Fidelity Growth Discovery Fund	9.96%	15.14%	30.19%	35.63%	-24.43%	22.93%	43.43%	33.77%	-0.33%	34.63%

Correlation

The correlation between FPHAX and FDSVX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jun 19, 2001	0.68

Over the past year, the correlation between FPHAX and FDSVX has dropped to 0.34 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.

Return for Risk

FPHAX vs. FDSVX — Risk / Return Rank

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

FPHAX

FPHAX Risk / Return Rank: 59
FPHAX Sharpe Ratio Rank: 54
FPHAX Sortino Ratio Rank: 53
FPHAX Omega Ratio Rank: 46
FPHAX Calmar Ratio Rank: 87
FPHAX Martin Ratio Rank: 55

FDSVX

FDSVX Risk / Return Rank: 29
FDSVX Sharpe Ratio Rank: 29
FDSVX Sortino Ratio Rank: 25
FDSVX Omega Ratio Rank: 28
FDSVX Calmar Ratio Rank: 30
FDSVX Martin Ratio Rank: 35

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.

FPHAX vs. FDSVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Pharmaceuticals Portfolio (FPHAX) and Fidelity Growth Discovery Fund (FDSVX). 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.

	FPHAX	FDSVX	Difference
Sharpe ratio: Return per unit of total volatility	2.08	1.45	+0.64
Sortino ratio: Return per unit of downside risk	2.92	1.97	+0.95
Omega ratio: Gain probability vs. loss probability	1.35	1.26	+0.09
Calmar ratio: Return relative to maximum drawdown	4.09	1.96	+2.14
Martin ratio: Return relative to average drawdown	10.66	7.42	+3.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FPHAX vs. FDSVX - Sharpe Ratio Comparison

The current FPHAX Sharpe Ratio is 2.08, which is higher than the FDSVX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of FPHAX and FDSVX, 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

	FPHAX	FDSVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	1.45	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.67	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.90	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.53	+0.02

Drawdowns

FPHAX vs. FDSVX - Drawdown Comparison

The maximum FPHAX drawdown since its inception was -38.26%, smaller than the maximum FDSVX drawdown of -59.34%. Use the drawdown chart below to compare losses from any high point for FPHAX and FDSVX.

Drawdown Indicators

	FPHAX	FDSVX	Difference
Max Drawdown Largest peak-to-trough decline	-38.26%	-59.34%	+21.08%
Max Drawdown (1Y) Largest decline over 1 year	-10.33%	-12.53%	+2.20%
Max Drawdown (3Y) Largest decline over 3 years	-28.82%	-23.42%	-5.40%
Max Drawdown (5Y) Largest decline over 5 years	-28.82%	-29.83%	+1.01%
Max Drawdown (10Y) Largest decline over 10 years	-28.82%	-31.09%	+2.27%
Current Drawdown Current decline from peak	-0.78%	-4.76%	+3.98%
Average Drawdown Average peak-to-trough decline	-9.17%	-12.60%	+3.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.96%	3.30%	+0.66%

Volatility

FPHAX vs. FDSVX - Volatility Comparison

Fidelity Select Pharmaceuticals Portfolio (FPHAX) and Fidelity Growth Discovery Fund (FDSVX) have volatilities of 5.71% and 5.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FPHAX	FDSVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.71%	5.96%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	14.25%	13.47%	+0.78%
Volatility (1Y) Calculated over the trailing 1-year period	20.30%	16.91%	+3.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.07%	20.43%	-2.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.88%	20.63%	-2.75%

FPHAX vs. FDSVX - Expense Ratio Comparison

FPHAX has a 0.75% expense ratio, which is lower than FDSVX's 0.77% expense ratio.

Dividends

FPHAX vs. FDSVX - Dividend Comparison

FPHAX's dividend yield for the trailing twelve months is around 5.05%, more than FDSVX's 1.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDSVX Fidelity Growth Discovery Fund	1.44%	1.58%	12.81%	2.55%	3.65%	13.46%	9.63%	4.28%	5.02%	4.87%	0.09%	0.17%
FPHAX Fidelity Select Pharmaceuticals Portfolio	5.05%	5.68%	1.90%	8.08%	5.18%	11.09%	8.85%	8.33%	1.65%	1.62%	1.07%	12.63%

Frequently Asked Questions

Can I hold both FPHAX and FDSVX in my portfolio?

FPHAX and FDSVX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FPHAX or FDSVX?

FDSVX has higher volatility (5.96%) compared to FPHAX (5.71%). In terms of maximum drawdown, FPHAX dropped -38.26% vs FDSVX's -59.34%.

Which has better risk-adjusted returns?

FPHAX currently has the higher Sharpe Ratio (2.08 vs 1.45), 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.