FSMEX vs. FBTAX
Compare and contrast key facts about Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Fidelity Advisor Biotechnology Fund Class A (FBTAX).
FSMEX is managed by Fidelity. It was launched on Apr 28, 1998. FBTAX is managed by Fidelity. It was launched on Dec 27, 2000.
Performance
FSMEX vs. FBTAX - Performance Comparison
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FSMEX vs. FBTAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMEX Fidelity Select Medical Technology and Devices Portfolio | -17.58% | 8.13% | 18.37% | 0.62% | -24.84% | 24.56% | 30.18% | 29.58% | 15.98% | 26.66% |
FBTAX Fidelity Advisor Biotechnology Fund Class A | -2.70% | 39.54% | 5.37% | 10.70% | -7.95% | -3.10% | 32.17% | 25.74% | -3.86% | 25.80% |
Returns By Period
In the year-to-date period, FSMEX achieves a -17.58% return, which is significantly lower than FBTAX's -2.70% return. Over the past 10 years, FSMEX has underperformed FBTAX with an annualized return of 10.46%, while FBTAX has yielded a comparatively higher 11.31% annualized return.
FSMEX
- 1D
- -0.58%
- 1M
- -11.19%
- YTD
- -17.58%
- 6M
- -11.01%
- 1Y
- -8.83%
- 3Y*
- 0.36%
- 5Y*
- -0.71%
- 10Y*
- 10.46%
FBTAX
- 1D
- -0.76%
- 1M
- -6.06%
- YTD
- -2.70%
- 6M
- 11.41%
- 1Y
- 42.70%
- 3Y*
- 18.47%
- 5Y*
- 7.93%
- 10Y*
- 11.31%
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FSMEX vs. FBTAX - Expense Ratio Comparison
FSMEX has a 0.68% expense ratio, which is lower than FBTAX's 1.00% expense ratio.
Return for Risk
FSMEX vs. FBTAX — Risk / Return Rank
FSMEX
FBTAX
FSMEX vs. FBTAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Fidelity Advisor Biotechnology Fund Class A (FBTAX). 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.
| FSMEX | FBTAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.41 | 1.56 | -1.97 |
Sortino ratioReturn per unit of downside risk | -0.46 | 2.10 | -2.56 |
Omega ratioGain probability vs. loss probability | 0.94 | 1.27 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | -0.48 | 2.38 | -2.86 |
Martin ratioReturn relative to average drawdown | -1.55 | 9.61 | -11.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSMEX | FBTAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.41 | 1.56 | -1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.34 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.46 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.30 | +0.34 |
Correlation
The correlation between FSMEX and FBTAX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FSMEX vs. FBTAX - Dividend Comparison
FSMEX's dividend yield for the trailing twelve months is around 12.78%, more than FBTAX's 1.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMEX Fidelity Select Medical Technology and Devices Portfolio | 12.78% | 10.53% | 17.04% | 0.00% | 1.80% | 8.12% | 6.65% | 1.77% | 7.47% | 6.26% | 5.84% | 16.35% |
FBTAX Fidelity Advisor Biotechnology Fund Class A | 1.49% | 1.45% | 6.00% | 1.15% | 0.00% | 20.12% | 8.37% | 6.77% | 2.50% | 0.00% | 0.00% | 5.36% |
Drawdowns
FSMEX vs. FBTAX - Drawdown Comparison
The maximum FSMEX drawdown since its inception was -40.34%, smaller than the maximum FBTAX drawdown of -63.55%. Use the drawdown chart below to compare losses from any high point for FSMEX and FBTAX.
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Drawdown Indicators
| FSMEX | FBTAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.34% | -63.55% | +23.21% |
Max Drawdown (1Y)Largest decline over 1 year | -21.04% | -13.60% | -7.44% |
Max Drawdown (5Y)Largest decline over 5 years | -40.34% | -36.51% | -3.83% |
Max Drawdown (10Y)Largest decline over 10 years | -40.34% | -38.82% | -1.52% |
Current DrawdownCurrent decline from peak | -22.82% | -7.25% | -15.57% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -21.34% | +13.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 4.11% | +2.39% |
Volatility
FSMEX vs. FBTAX - Volatility Comparison
The current volatility for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) is 5.85%, while Fidelity Advisor Biotechnology Fund Class A (FBTAX) has a volatility of 7.76%. This indicates that FSMEX experiences smaller price fluctuations and is considered to be less risky than FBTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMEX | FBTAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 7.76% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 16.36% | -4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.03% | 25.58% | -4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.75% | 23.24% | -2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.59% | 24.55% | -3.96% |