FSMEX vs. FIJYX
FSMEX (Fidelity Select Medical Technology and Devices Portfolio) and FIJYX (Fidelity Advisor Biotechnology Fund Class Z) are both Health & Biotech Equities funds from Fidelity. Over the past 5 years, FSMEX returned -1.64%/yr vs 11.88%/yr for FIJYX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. FSMEX charges 0.62%/yr vs 0.61%/yr for FIJYX.
Performance
FSMEX vs. FIJYX - Performance Comparison
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Returns By Period
In the year-to-date period, FSMEX achieves a -7.61% return, which is significantly lower than FIJYX's 20.89% return.
FSMEX
- 1D
- -1.12%
- 1M
- 0.10%
- 6M
- -5.06%
- YTD
- -7.61%
- 1Y
- 0.30%
- 3Y*
- 4.26%
- 5Y*
- -1.64%
- 10Y*
- 9.67%
- ALL TIME*
- 12.69%
FIJYX
- 1D
- -2.36%
- 1M
- -2.21%
- 6M
- 17.60%
- YTD
- 20.89%
- 1Y
- 61.68%
- 3Y*
- 23.20%
- 5Y*
- 11.88%
- 10Y*
- —
- ALL TIME*
- 12.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSMEX vs. FIJYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FSMEX Fidelity Select Medical Technology and Devices Portfolio | -7.61% | 8.13% | 18.37% | 0.62% | -24.84% | 24.56% | 30.18% | 29.58% | -9.24% |
FIJYX Fidelity Advisor Biotechnology Fund Class Z | 20.89% | 40.09% | 0.03% | 11.19% | -7.60% | -2.76% | 32.72% | 26.25% | -11.45% |
Correlation
The correlation between FSMEX and FIJYX is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.62 |
Over the past year, the correlation between FSMEX and FIJYX has dropped to 0.41 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
FSMEX vs. FIJYX — Risk / Return Rank
FSMEX
FIJYX
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.
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.
| FSMEX | FIJYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.69 | ||
| Sortino ratioReturn per unit of downside risk | -3.42 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.42 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 7.11 | -7.12 |
| Martin ratioReturn relative to average drawdown | -0.02 | 18.92 | -18.94 |
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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.
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Drawdown Indicators
| FSMEX | FIJYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.34% | -38.53% | -1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -26.28% | -8.88% | -17.40% |
Max Drawdown (3Y)Largest decline over 3 years | -26.28% | -36.39% | +10.11% |
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 DrawdownCurrent decline from peak | -13.48% | -5.29% | -8.19% |
Average DrawdownAverage peak-to-trough decline | -7.81% | -11.39% | +3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.48% | 3.33% | +9.15% |
Volatility
FSMEX vs. FIJYX - Volatility Comparison
The current volatility for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) is 6.43%, while Fidelity Advisor Biotechnology Fund Class Z (FIJYX) has a volatility of 7.23%. 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.
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Volatility by Period
| FSMEX | FIJYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.43% | 7.23% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 16.56% | 18.04% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.02% | 23.59% | -3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.35% | 23.94% | -2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 25.07% | -4.18% |
FSMEX vs. FIJYX - Expense Ratio Comparison
FSMEX has a 0.62% expense ratio, which is higher than FIJYX's 0.61% expense ratio.
Dividends
FSMEX vs. FIJYX - Dividend Comparison
FSMEX's dividend yield for the trailing twelve months is around 19.65%, more than FIJYX's 1.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIJYX Fidelity Advisor Biotechnology Fund Class Z | 1.19% | 1.44% | 0.00% | 1.55% | 0.00% | 18.90% | 8.13% | 6.49% | 2.35% | 0.00% | 0.00% | 0.00% |
FSMEX Fidelity Select Medical Technology and Devices Portfolio | 19.65% | 10.53% | 17.04% | 0.00% | 1.80% | 8.12% | 6.65% | 1.77% | 7.47% | 6.26% | 5.84% | 16.35% |
Frequently Asked Questions
FSMEX and FIJYX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIJYX has higher volatility (7.23%) compared to FSMEX (6.43%). In terms of maximum drawdown, FSMEX dropped -40.34% vs FIJYX's -38.53%.
FIJYX currently has the higher Sharpe Ratio (2.68 vs -0.01), 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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