FSMEX vs. FIJYX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Fidelity Advisor Biotechnology Fund Class Z (FIJYX).

FSMEX is managed by Fidelity. It was launched on Apr 28, 1998. FIJYX is managed by Fidelity. It was launched on Oct 2, 2018.

Performance

FSMEX vs. FIJYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Fidelity Advisor Biotechnology Fund Class Z (FIJYX). The values are adjusted to include any dividend payments, if applicable.

FSMEX vs. FIJYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FSMEX Fidelity Select Medical Technology and Devices Portfolio	-17.58%	8.13%	18.37%	0.62%	-24.84%	24.56%	30.18%	29.58%	-9.34%
FIJYX Fidelity Advisor Biotechnology Fund Class Z	-2.59%	40.09%	0.03%	11.19%	-7.60%	-2.76%	32.72%	26.25%	-11.45%

Returns By Period

In the year-to-date period, FSMEX achieves a -17.58% return, which is significantly lower than FIJYX's -2.59% 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%

FIJYX

• 1D: -0.74%
• 1M: -6.02%
• YTD: -2.59%
• 6M: 11.62%
• 1Y: 43.26%
• 3Y*: 16.76%
• 5Y*: 7.16%
• 10Y*: —

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

FSMEX vs. FIJYX - Expense Ratio Comparison

FSMEX has a 0.68% expense ratio, which is higher than FIJYX's 0.61% expense ratio.

FSMEX

Fidelity Select Medical Technology and Devices Portfolio

FIJYX

Fidelity Advisor Biotechnology Fund Class Z

Return for Risk

FSMEX vs. FIJYX — Risk / Return Rank

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

FSMEX

FSMEX Risk / Return Rank: 2
FSMEX Sharpe Ratio Rank: 2
FSMEX Sortino Ratio Rank: 2
FSMEX Omega Ratio Rank: 2
FSMEX Calmar Ratio Rank: 2
FSMEX Martin Ratio Rank: 1

FIJYX

FIJYX Risk / Return Rank: 83
FIJYX Sharpe Ratio Rank: 84
FIJYX Sortino Ratio Rank: 82
FIJYX Omega Ratio Rank: 72
FIJYX Calmar Ratio Rank: 89
FIJYX Martin Ratio Rank: 89

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.

FSMEX vs. FIJYX - 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 Z (FIJYX). 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	FIJYX	Difference
Sharpe ratio Return per unit of total volatility	-0.41	1.59	-1.99
Sortino ratio Return per unit of downside risk	-0.46	2.13	-2.59
Omega ratio Gain probability vs. loss probability	0.94	1.27	-0.33
Calmar ratio Return relative to maximum drawdown	-0.48	2.41	-2.90
Martin ratio Return relative to average drawdown	-1.55	9.80	-11.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSMEX vs. FIJYX - Sharpe Ratio Comparison

The current FSMEX Sharpe Ratio is -0.41, which is lower than the FIJYX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of FSMEX and FIJYX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FSMEX	FIJYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.41	1.59	-1.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	0.31	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.40	+0.25

Correlation

The correlation between FSMEX and FIJYX is 0.63, 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. FIJYX - Dividend Comparison

FSMEX's dividend yield for the trailing twelve months is around 12.78%, more than FIJYX's 1.48% 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%
FIJYX Fidelity Advisor Biotechnology Fund Class Z	1.48%	1.44%	0.00%	1.55%	0.00%	18.90%	8.13%	6.49%	2.35%	0.00%	0.00%	0.00%

Drawdowns

FSMEX vs. FIJYX - Drawdown Comparison

The maximum FSMEX drawdown since its inception was -40.34%, roughly equal to the maximum FIJYX drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for FSMEX and FIJYX.

Drawdown Indicators

	FSMEX	FIJYX	Difference
Max Drawdown Largest peak-to-trough decline	-40.34%	-38.53%	-1.81%
Max Drawdown (1Y) Largest decline over 1 year	-21.04%	-13.59%	-7.45%
Max Drawdown (5Y) Largest decline over 5 years	-40.34%	-36.39%	-3.95%
Max Drawdown (10Y) Largest decline over 10 years	-40.34%	—	—
Current Drawdown Current decline from peak	-22.82%	-7.19%	-15.63%
Average Drawdown Average peak-to-trough decline	-7.66%	-11.76%	+4.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.50%	4.09%	+2.41%

Volatility

FSMEX vs. FIJYX - Volatility Comparison

The current volatility for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) is 5.85%, while Fidelity Advisor Biotechnology Fund Class Z (FIJYX) has a volatility of 7.75%. This indicates that FSMEX experiences smaller price fluctuations and is considered to be less risky than FIJYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSMEX	FIJYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.85%	7.75%	-1.90%
Volatility (6M) Calculated over the trailing 6-month period	12.32%	16.37%	-4.05%
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%	23.35%	-2.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.59%	25.01%	-4.42%