FSPHX vs. FPHAX
FSPHX (Fidelity® Select Health Care Portfolio) and FPHAX (Fidelity Select Pharmaceuticals Portfolio) are both Health & Biotech Equities funds from Fidelity. Over the past 10 years, FSPHX returned 9.88%/yr vs 11.76%/yr for FPHAX. Their correlation of 0.86 suggests significant overlap in exposure. FSPHX charges 0.62%/yr vs 0.75%/yr for FPHAX.
Performance
FSPHX vs. FPHAX - Performance Comparison
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Returns By Period
In the year-to-date period, FSPHX achieves a 9.96% return, which is significantly lower than FPHAX's 11.92% return. Over the past 10 years, FSPHX has underperformed FPHAX with an annualized return of 9.88%, while FPHAX has yielded a comparatively higher 11.76% annualized return.
FSPHX
- 1D
- -0.25%
- 1M
- 10.47%
- 6M
- 7.80%
- YTD
- 9.96%
- 1Y
- 23.61%
- 3Y*
- 8.87%
- 5Y*
- 3.48%
- 10Y*
- 9.88%
FPHAX
- 1D
- -1.32%
- 1M
- 0.69%
- 6M
- 8.28%
- YTD
- 11.92%
- 1Y
- 43.02%
- 3Y*
- 19.65%
- 5Y*
- 13.06%
- 10Y*
- 11.76%
FSPHX vs. FPHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSPHX Fidelity® Select Health Care Portfolio | 9.96% | 9.36% | 4.91% | 4.13% | -12.82% | 11.58% | 24.57% | 31.48% | 7.15% | 23.83% |
FPHAX Fidelity Select Pharmaceuticals Portfolio | 11.92% | 30.41% | 9.39% | 12.54% | 0.94% | 11.79% | 11.16% | 31.73% | 5.41% | 10.70% |
Correlation
The correlation between FSPHX and FPHAX is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2001 | 0.86 |
The correlation between FSPHX and FPHAX shifts across timeframes, from 0.75 (3 years) to 0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSPHX vs. FPHAX — Risk / Return Rank
FSPHX
FPHAX
FSPHX vs. FPHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity® Select Health Care Portfolio (FSPHX) and Fidelity Select Pharmaceuticals Portfolio (FPHAX). 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.
| FSPHX | FPHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.32 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 3.86 | -2.67 |
| Martin ratioReturn relative to average drawdown | 2.53 | 10.50 | -7.96 |
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Drawdowns
FSPHX vs. FPHAX - Drawdown Comparison
The maximum FSPHX drawdown since its inception was -44.45%, which is greater than FPHAX's maximum drawdown of -38.26%. Use the drawdown chart below to compare losses from any high point for FSPHX and FPHAX.
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Drawdown Indicators
| FSPHX | FPHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.45% | -38.26% | -6.19% |
Max Drawdown (1Y)Largest decline over 1 year | -18.32% | -10.33% | -7.99% |
Max Drawdown (3Y)Largest decline over 3 years | -18.32% | -28.82% | +10.50% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -28.82% | -0.49% |
Max Drawdown (10Y)Largest decline over 10 years | -29.31% | -28.82% | -0.49% |
Current DrawdownCurrent decline from peak | -2.77% | -5.96% | +3.19% |
Average DrawdownAverage peak-to-trough decline | -9.82% | -9.14% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.60% | 3.81% | +4.79% |
Volatility
FSPHX vs. FPHAX - Volatility Comparison
The current volatility for Fidelity® Select Health Care Portfolio (FSPHX) is 5.35%, while Fidelity Select Pharmaceuticals Portfolio (FPHAX) has a volatility of 6.88%. This indicates that FSPHX experiences smaller price fluctuations and is considered to be less risky than FPHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSPHX | FPHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 6.88% | -1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 13.44% | 15.21% | -1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.75% | 20.86% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.56% | 18.30% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.04% | 17.91% | +1.13% |
FSPHX vs. FPHAX - Expense Ratio Comparison
FSPHX has a 0.62% expense ratio, which is lower than FPHAX's 0.75% expense ratio.
Dividends
FSPHX vs. FPHAX - Dividend Comparison
FSPHX's dividend yield for the trailing twelve months is around 11.08%, more than FPHAX's 4.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPHAX Fidelity Select Pharmaceuticals Portfolio | 4.97% | 5.68% | 1.90% | 8.08% | 5.18% | 11.09% | 8.85% | 8.33% | 1.65% | 1.62% | 1.07% | 12.63% |
FSPHX Fidelity® Select Health Care Portfolio | 11.08% | 4.16% | 10.77% | 0.00% | 2.13% | 9.06% | 11.29% | 1.35% | 9.02% | 2.27% | 0.18% | 11.63% |
Frequently Asked Questions
FSPHX and FPHAX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPHAX has higher volatility (6.88%) compared to FSPHX (5.35%). In terms of maximum drawdown, FSPHX dropped -44.45% vs FPHAX's -38.26%.
FPHAX currently has the higher Sharpe Ratio (1.91 vs 1.17), 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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