FPHAX vs. SWHFX

Last updated Jun 4, 2026

FPHAX (Fidelity Select Pharmaceuticals Portfolio) and SWHFX (Schwab Health Care Fund™) are both Health & Biotech Equities funds. Over the past 10 years, FPHAX returned 11.40%/yr vs 6.99%/yr for SWHFX. Their correlation of 0.87 suggests significant overlap in exposure. FPHAX charges 0.75%/yr vs 0.80%/yr for SWHFX.

Performance

FPHAX vs. SWHFX - Performance Comparison

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

Returns By Period

In the year-to-date period, FPHAX achieves a 6.98% return, which is significantly higher than SWHFX's -5.57% return. Over the past 10 years, FPHAX has outperformed SWHFX with an annualized return of 11.40%, while SWHFX has yielded a comparatively lower 6.99% annualized return.

FPHAX

• 1D: 0.22%
• 1M: 4.33%
• YTD: 6.98%
• 6M: 7.84%
• 1Y: 40.09%
• 3Y*: 17.20%
• 5Y*: 12.94%
• 10Y*: 11.40%

SWHFX

• 1D: -1.19%
• 1M: -0.17%
• YTD: -5.57%
• 6M: -10.58%
• 1Y: 4.51%
• 3Y*: 3.05%
• 5Y*: 2.95%
• 10Y*: 6.99%

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

FPHAX vs. SWHFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FPHAX Fidelity Select Pharmaceuticals Portfolio	6.98%	30.41%	9.39%	12.54%	0.94%	11.79%	11.16%	31.73%	5.41%	10.70%
SWHFX Schwab Health Care Fund™	-5.57%	9.81%	0.10%	0.73%	-4.66%	23.36%	12.83%	17.64%	3.68%	20.31%

Correlation

The correlation between FPHAX and SWHFX 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	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jun 19, 2001	0.87

The correlation between FPHAX and SWHFX has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.

Return for Risk

FPHAX vs. SWHFX — Risk / Return Rank

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

FPHAX

FPHAX Risk / Return Rank: 53
FPHAX Sharpe Ratio Rank: 46
FPHAX Sortino Ratio Rank: 45
FPHAX Omega Ratio Rank: 41
FPHAX Calmar Ratio Rank: 83
FPHAX Martin Ratio Rank: 49

SWHFX

SWHFX Risk / Return Rank: 4
SWHFX Sharpe Ratio Rank: 4
SWHFX Sortino Ratio Rank: 4
SWHFX Omega Ratio Rank: 4
SWHFX Calmar Ratio Rank: 4
SWHFX Martin Ratio Rank: 4

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. SWHFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Pharmaceuticals Portfolio (FPHAX) and Schwab Health Care Fund™ (SWHFX). 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	SWHFX	Difference
Sharpe ratio Return per unit of total volatility	1.99	0.28	+1.71
Sortino ratio Return per unit of downside risk	2.80	0.50	+2.31
Omega ratio Gain probability vs. loss probability	1.34	1.06	+0.27
Calmar ratio Return relative to maximum drawdown	3.88	0.32	+3.56
Martin ratio Return relative to average drawdown	10.11	0.74	+9.37
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. SWHFX - Sharpe Ratio Comparison

The current FPHAX Sharpe Ratio is 1.99, which is higher than the SWHFX Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of FPHAX and SWHFX, 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	SWHFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	0.28	+1.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.20	+0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.44	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.49	+0.05

Drawdowns

FPHAX vs. SWHFX - Drawdown Comparison

The maximum FPHAX drawdown since its inception was -38.26%, smaller than the maximum SWHFX drawdown of -43.10%. Use the drawdown chart below to compare losses from any high point for FPHAX and SWHFX.

Drawdown Indicators

	FPHAX	SWHFX	Difference
Max Drawdown Largest peak-to-trough decline	-38.26%	-43.10%	+4.84%
Max Drawdown (1Y) Largest decline over 1 year	-10.33%	-13.74%	+3.41%
Max Drawdown (3Y) Largest decline over 3 years	-28.82%	-19.35%	-9.47%
Max Drawdown (5Y) Largest decline over 5 years	-28.82%	-19.35%	-9.47%
Max Drawdown (10Y) Largest decline over 10 years	-28.82%	-27.28%	-1.54%
Current Drawdown Current decline from peak	-2.57%	-12.43%	+9.86%
Average Drawdown Average peak-to-trough decline	-9.18%	-8.17%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.96%	6.00%	-2.04%

Volatility

FPHAX vs. SWHFX - Volatility Comparison

Fidelity Select Pharmaceuticals Portfolio (FPHAX) has a higher volatility of 5.34% compared to Schwab Health Care Fund™ (SWHFX) at 3.96%. This indicates that FPHAX's price experiences larger fluctuations and is considered to be riskier than SWHFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FPHAX	SWHFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.34%	3.96%	+1.38%
Volatility (6M) Calculated over the trailing 6-month period	14.11%	12.14%	+1.97%
Volatility (1Y) Calculated over the trailing 1-year period	20.14%	15.77%	+4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.03%	14.65%	+3.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.86%	15.97%	+1.89%

FPHAX vs. SWHFX - Expense Ratio Comparison

FPHAX has a 0.75% expense ratio, which is lower than SWHFX's 0.80% expense ratio.

Dividends

FPHAX vs. SWHFX - Dividend Comparison

FPHAX's dividend yield for the trailing twelve months is around 5.20%, while SWHFX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FPHAX Fidelity Select Pharmaceuticals Portfolio	5.20%	5.68%	1.90%	8.08%	5.18%	11.09%	8.85%	8.33%	1.65%	1.62%	1.07%	12.63%
SWHFX Schwab Health Care Fund™	0.00%	0.00%	9.49%	3.60%	4.18%	12.52%	11.47%	4.56%	10.02%	7.32%	2.63%	16.31%

Frequently Asked Questions

Can I hold both FPHAX and SWHFX in my portfolio?

FPHAX and SWHFX 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.

Which is riskier, FPHAX or SWHFX?

FPHAX has higher volatility (5.34%) compared to SWHFX (3.96%). In terms of maximum drawdown, FPHAX dropped -38.26% vs SWHFX's -43.10%.

Which has better risk-adjusted returns?

FPHAX currently has the higher Sharpe Ratio (1.99 vs 0.28), 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.