FPHAX vs. SHSAX
FPHAX (Fidelity Select Pharmaceuticals Portfolio) and SHSAX (BlackRock Health Sciences Opportunities Portfolio) are both Health & Biotech Equities funds. Over the past 10 years, FPHAX returned 12.35%/yr vs 10.05%/yr for SHSAX. Their correlation of 0.86 suggests significant overlap in exposure. FPHAX charges 0.75%/yr vs 1.09%/yr for SHSAX.
Performance
FPHAX vs. SHSAX - Performance Comparison
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Returns By Period
In the year-to-date period, FPHAX achieves a 9.07% return, which is significantly higher than SHSAX's -1.61% return. Over the past 10 years, FPHAX has outperformed SHSAX with an annualized return of 12.35%, while SHSAX has yielded a comparatively lower 10.05% annualized return.
FPHAX
- 1D
- 0.70%
- 1M
- 1.26%
- YTD
- 9.07%
- 6M
- 8.20%
- 1Y
- 42.59%
- 3Y*
- 17.70%
- 5Y*
- 12.74%
- 10Y*
- 12.35%
SHSAX
- 1D
- 1.37%
- 1M
- 1.76%
- YTD
- -1.61%
- 6M
- -2.20%
- 1Y
- 17.76%
- 3Y*
- 6.60%
- 5Y*
- 3.86%
- 10Y*
- 10.05%
FPHAX vs. SHSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPHAX Fidelity Select Pharmaceuticals Portfolio | 9.07% | 30.41% | 9.39% | 12.54% | 0.94% | 11.79% | 11.16% | 31.73% | 5.41% | 10.70% |
SHSAX BlackRock Health Sciences Opportunities Portfolio | -1.61% | 15.85% | 3.73% | 3.59% | -5.94% | 11.88% | 19.44% | 25.27% | 7.93% | 24.74% |
Correlation
The correlation between FPHAX and SHSAX is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2001 | 0.86 |
The correlation between FPHAX and SHSAX has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
FPHAX vs. SHSAX — Risk / Return Rank
FPHAX
SHSAX
FPHAX vs. SHSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Pharmaceuticals Portfolio (FPHAX) and BlackRock Health Sciences Opportunities Portfolio (SHSAX). 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.
| FPHAX | SHSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.22 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 1.82 | +2.29 |
| Martin ratioReturn relative to average drawdown | 11.24 | 4.39 | +6.85 |
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Drawdowns
FPHAX vs. SHSAX - Drawdown Comparison
The maximum FPHAX drawdown since its inception was -38.26%, which is greater than SHSAX's maximum drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for FPHAX and SHSAX.
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Drawdown Indicators
| FPHAX | SHSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.26% | -35.49% | -2.77% |
Max Drawdown (1Y)Largest decline over 1 year | -10.33% | -9.87% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -28.82% | -16.08% | -12.74% |
Max Drawdown (5Y)Largest decline over 5 years | -28.82% | -17.99% | -10.83% |
Max Drawdown (10Y)Largest decline over 10 years | -28.82% | -28.36% | -0.46% |
Current DrawdownCurrent decline from peak | -3.12% | -4.44% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -6.17% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 4.09% | -0.32% |
Volatility
FPHAX vs. SHSAX - Volatility Comparison
Fidelity Select Pharmaceuticals Portfolio (FPHAX) has a higher volatility of 5.87% compared to BlackRock Health Sciences Opportunities Portfolio (SHSAX) at 5.09%. This indicates that FPHAX's price experiences larger fluctuations and is considered to be riskier than SHSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPHAX | SHSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 5.09% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 14.40% | 10.73% | +3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.15% | 14.22% | +5.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.10% | 14.44% | +3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.90% | 16.57% | +1.33% |
FPHAX vs. SHSAX - Expense Ratio Comparison
FPHAX has a 0.75% expense ratio, which is lower than SHSAX's 1.09% expense ratio.
Dividends
FPHAX vs. SHSAX - Dividend Comparison
FPHAX's dividend yield for the trailing twelve months is around 5.10%, less than SHSAX's 10.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPHAX Fidelity Select Pharmaceuticals Portfolio | 5.10% | 5.68% | 1.90% | 8.08% | 5.18% | 11.09% | 8.85% | 8.33% | 1.65% | 1.62% | 1.07% | 12.63% |
SHSAX BlackRock Health Sciences Opportunities Portfolio | 10.81% | 10.63% | 9.18% | 3.84% | 7.44% | 9.20% | 4.34% | 3.89% | 8.56% | 3.53% | 2.43% | 12.58% |
Frequently Asked Questions
FPHAX and SHSAX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPHAX has higher volatility (5.87%) compared to SHSAX (5.09%). In terms of maximum drawdown, FPHAX dropped -38.26% vs SHSAX's -35.49%.
FPHAX currently has the higher Sharpe Ratio (2.11 vs 1.27), 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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