FSMEX vs. VGHAX
FSMEX (Fidelity Select Medical Technology and Devices Portfolio) and VGHAX (Vanguard Health Care Fund Admiral Shares) are both Health & Biotech Equities funds. Both are actively managed. Over the past 10 years, FSMEX returned 9.67%/yr vs 9.14%/yr for VGHAX. Their correlation of 0.80 means they have usually moved in the same direction. FSMEX charges 0.62%/yr vs 0.27%/yr for VGHAX.
Performance
FSMEX vs. VGHAX - 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 VGHAX's 3.46% return. Over the past 10 years, FSMEX has outperformed VGHAX with an annualized return of 9.67%, while VGHAX has yielded a comparatively lower 9.14% annualized 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%
VGHAX
- 1D
- -0.97%
- 1M
- -3.77%
- 6M
- 2.42%
- YTD
- 3.46%
- 1Y
- 27.41%
- 3Y*
- 11.48%
- 5Y*
- 7.75%
- 10Y*
- 9.14%
- ALL TIME*
- 10.03%
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. VGHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMEX Fidelity Select Medical Technology and Devices Portfolio | -7.61% | 8.13% | 18.37% | 0.62% | -24.84% | 24.56% | 30.18% | 29.58% | 15.98% | 26.66% |
VGHAX Vanguard Health Care Fund Admiral Shares | 3.46% | 19.72% | 9.10% | 5.51% | -1.00% | 12.82% | 12.62% | 22.99% | 1.07% | 19.64% |
Correlation
The correlation between FSMEX and VGHAX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2001 | 0.80 |
The correlation between FSMEX and VGHAX shifts across timeframes, from 0.63 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSMEX vs. VGHAX — Risk / Return Rank
FSMEX
VGHAX
FSMEX vs. VGHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Vanguard Health Care Fund Admiral Shares (VGHAX). 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 | VGHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.32 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 3.11 | -3.12 |
| Martin ratioReturn relative to average drawdown | -0.02 | 8.16 | -8.18 |
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Drawdowns
FSMEX vs. VGHAX - Drawdown Comparison
The maximum FSMEX drawdown since its inception was -40.34%, which is greater than VGHAX's maximum drawdown of -36.85%. Use the drawdown chart below to compare losses from any high point for FSMEX and VGHAX.
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Drawdown Indicators
| FSMEX | VGHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.34% | -36.85% | -3.49% |
Max Drawdown (1Y)Largest decline over 1 year | -26.28% | -9.19% | -17.09% |
Max Drawdown (3Y)Largest decline over 3 years | -26.28% | -16.05% | -10.23% |
Max Drawdown (5Y)Largest decline over 5 years | -40.34% | -16.92% | -23.42% |
Max Drawdown (10Y)Largest decline over 10 years | -40.34% | -27.17% | -13.17% |
Current DrawdownCurrent decline from peak | -13.48% | -4.40% | -9.08% |
Average DrawdownAverage peak-to-trough decline | -7.81% | -5.59% | -2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.48% | 3.49% | +8.99% |
Volatility
FSMEX vs. VGHAX - Volatility Comparison
Fidelity Select Medical Technology and Devices Portfolio (FSMEX) has a higher volatility of 6.43% compared to Vanguard Health Care Fund Admiral Shares (VGHAX) at 5.53%. This indicates that FSMEX's price experiences larger fluctuations and is considered to be riskier than VGHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMEX | VGHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.43% | 5.53% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 16.56% | 11.70% | +4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.02% | 15.43% | +4.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.35% | 18.31% | +3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 17.62% | +3.27% |
FSMEX vs. VGHAX - Expense Ratio Comparison
FSMEX has a 0.62% expense ratio, which is higher than VGHAX's 0.27% expense ratio.
Dividends
FSMEX vs. VGHAX - Dividend Comparison
FSMEX's dividend yield for the trailing twelve months is around 19.65%, more than VGHAX's 6.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGHAX Vanguard Health Care Fund Admiral Shares | 6.45% | 6.07% | 22.84% | 7.22% | 5.49% | 7.05% | 8.02% | 11.87% | 9.15% | 7.36% | 8.60% | 8.21% |
Frequently Asked Questions
FSMEX and VGHAX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSMEX has higher volatility (6.43%) compared to VGHAX (5.53%). In terms of maximum drawdown, FSMEX dropped -40.34% vs VGHAX's -36.85%.
VGHAX currently has the higher Sharpe Ratio (1.87 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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