FSHCX vs. PGHAX

Last updated Jun 24, 2026

FSHCX (Fidelity Select Health Care Services Portfolio) and PGHAX (Putnam Global Health Care Fund) are both Health & Biotech Equities funds. Over the past 5 years, FSHCX returned 1.70%/yr vs 6.41%/yr for PGHAX. A 0.65 correlation means they provide meaningful diversification when combined. FSHCX charges 0.71%/yr vs 0.72%/yr for PGHAX.

Performance

FSHCX vs. PGHAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Health Care Services Portfolio (FSHCX) and Putnam Global Health Care Fund (PGHAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSHCX achieves a 10.58% return, which is significantly higher than PGHAX's -1.12% return.

FSHCX

• 1D: 1.13%
• 1M: 6.00%
• YTD: 10.58%
• 6M: 10.93%
• 1Y: 16.00%
• 3Y*: 2.05%
• 5Y*: 1.70%
• 10Y*: 9.25%

PGHAX

• 1D: 1.18%
• 1M: -0.26%
• YTD: -1.12%
• 6M: -1.50%
• 1Y: 17.05%
• 3Y*: 7.58%
• 5Y*: 6.41%
• 10Y*: —

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

FSHCX vs. PGHAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FSHCX Fidelity Select Health Care Services Portfolio	10.58%	3.85%	-13.21%	1.52%	0.86%	20.22%	14.29%
PGHAX Putnam Global Health Care Fund	-1.12%	15.58%	1.69%	9.48%	-4.39%	19.99%	13.35%

Correlation

The correlation between FSHCX and PGHAX is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jun 1, 2020	0.65

The correlation between FSHCX and PGHAX shifts across timeframes, from 0.53 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FSHCX vs. PGHAX — Risk / Return Rank

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

FSHCX

FSHCX Risk / Return Rank: 10
FSHCX Sharpe Ratio Rank: 10
FSHCX Sortino Ratio Rank: 9
FSHCX Omega Ratio Rank: 11
FSHCX Calmar Ratio Rank: 10
FSHCX Martin Ratio Rank: 9

PGHAX

PGHAX Risk / Return Rank: 22
PGHAX Sharpe Ratio Rank: 21
PGHAX Sortino Ratio Rank: 25
PGHAX Omega Ratio Rank: 20
PGHAX Calmar Ratio Rank: 27
PGHAX Martin Ratio Rank: 19

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.

FSHCX vs. PGHAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Health Care Services Portfolio (FSHCX) and Putnam Global Health Care Fund (PGHAX). 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.

	FSHCX	PGHAX	Difference
Sharpe ratio: Return per unit of total volatility	0.78	1.21	-0.43
Sortino ratio: Return per unit of downside risk	1.11	1.90	-0.79
Omega ratio: Gain probability vs. loss probability	1.16	1.21	-0.05
Calmar ratio: Return relative to maximum drawdown	0.95	1.81	-0.86
Martin ratio: Return relative to average drawdown	2.40	4.47	-2.06

FSHCX vs. PGHAX - Sharpe Ratio Comparison

The current FSHCX Sharpe Ratio is 0.78, which is lower than the PGHAX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of FSHCX and PGHAX, 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

FSHCX vs. PGHAX - Drawdown Comparison

The maximum FSHCX drawdown since its inception was -57.81%, which is greater than PGHAX's maximum drawdown of -20.52%. Use the drawdown chart below to compare losses from any high point for FSHCX and PGHAX.

Drawdown Indicators

	FSHCX	PGHAX	Difference
Max Drawdown Largest peak-to-trough decline	-57.81%	-20.52%	-37.29%
Max Drawdown (1Y) Largest decline over 1 year	-17.15%	-9.68%	-7.47%
Max Drawdown (3Y) Largest decline over 3 years	-29.52%	-20.52%	-9.00%
Max Drawdown (5Y) Largest decline over 5 years	-29.52%	-20.52%	-9.00%
Max Drawdown (10Y) Largest decline over 10 years	-35.48%	—	—
Current Drawdown Current decline from peak	-5.37%	-5.25%	-0.12%
Average Drawdown Average peak-to-trough decline	-11.36%	-5.64%	-5.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.75%	3.92%	+2.83%

Volatility

FSHCX vs. PGHAX - Volatility Comparison

Fidelity Select Health Care Services Portfolio (FSHCX) and Putnam Global Health Care Fund (PGHAX) have volatilities of 5.16% and 5.08%, 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

	FSHCX	PGHAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.16%	5.08%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	15.47%	10.45%	+5.02%
Volatility (1Y) Calculated over the trailing 1-year period	20.77%	14.51%	+6.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.24%	14.45%	+4.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.51%	14.43%	+7.08%

FSHCX vs. PGHAX - Expense Ratio Comparison

FSHCX has a 0.71% expense ratio, which is lower than PGHAX's 0.72% expense ratio.

Dividends

FSHCX vs. PGHAX - Dividend Comparison

FSHCX's dividend yield for the trailing twelve months is around 0.68%, less than PGHAX's 1.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSHCX Fidelity Select Health Care Services Portfolio	0.68%	0.75%	16.63%	0.57%	5.32%	7.09%	0.76%	0.27%	12.92%	13.41%	4.62%	4.06%
PGHAX Putnam Global Health Care Fund	1.88%	1.86%	4.71%	5.33%	7.48%	11.17%	8.93%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FSHCX and PGHAX in my portfolio?

FSHCX and PGHAX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSHCX or PGHAX?

FSHCX has higher volatility (5.16%) compared to PGHAX (5.08%). In terms of maximum drawdown, FSHCX dropped -57.81% vs PGHAX's -20.52%.

Which has better risk-adjusted returns?

PGHAX currently has the higher Sharpe Ratio (1.21 vs 0.78), 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.