FSPHX vs. HDV
FSPHX (Fidelity® Select Health Care Portfolio) and HDV (iShares Core High Dividend ETF) are both funds - FSPHX is a Health & Biotech Equities fund actively managed by Fidelity, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. FSPHX is actively managed, while HDV is passively managed. Over the past 10 years, FSPHX returned 8.63%/yr vs 9.21%/yr for HDV. A 0.56 correlation means they provide meaningful diversification when combined. FSPHX charges 0.69%/yr vs 0.08%/yr for HDV.
Performance
FSPHX vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, FSPHX achieves a -3.55% return, which is significantly lower than HDV's 13.23% return. Over the past 10 years, FSPHX has underperformed HDV with an annualized return of 8.63%, while HDV has yielded a comparatively higher 9.21% annualized return.
FSPHX
- 1D
- -1.54%
- 1M
- 1.59%
- YTD
- -3.55%
- 6M
- -11.00%
- 1Y
- 7.49%
- 3Y*
- 3.79%
- 5Y*
- 1.43%
- 10Y*
- 8.63%
HDV
- 1D
- -0.44%
- 1M
- 2.01%
- YTD
- 13.23%
- 6M
- 14.65%
- 1Y
- 21.13%
- 3Y*
- 14.75%
- 5Y*
- 10.58%
- 10Y*
- 9.21%
FSPHX vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSPHX Fidelity® Select Health Care Portfolio | -3.55% | 9.36% | 4.91% | 4.13% | -12.82% | 11.58% | 24.57% | 31.48% | 7.15% | 23.83% |
HDV iShares Core High Dividend ETF | 13.23% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
Correlation
The correlation between FSPHX and HDV is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2011 | 0.56 |
Over the past year, the correlation between FSPHX and HDV has dropped to 0.26 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
FSPHX vs. HDV — Risk / Return Rank
FSPHX
HDV
FSPHX vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity® Select Health Care Portfolio (FSPHX) and iShares Core High Dividend ETF (HDV). 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.
| FSPHX | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.38 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 4.10 | -3.63 |
| Martin ratioReturn relative to average drawdown | 1.03 | 11.37 | -10.34 |
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
| FSPHX | HDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 2.19 | -1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.83 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.59 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.72 | +0.02 |
Drawdowns
FSPHX vs. HDV - Drawdown Comparison
The maximum FSPHX drawdown since its inception was -44.45%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for FSPHX and HDV.
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Drawdown Indicators
| FSPHX | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.45% | -37.04% | -7.41% |
Max Drawdown (1Y)Largest decline over 1 year | -18.32% | -5.18% | -13.14% |
Max Drawdown (3Y)Largest decline over 3 years | -18.32% | -10.49% | -7.83% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -15.42% | -13.89% |
Max Drawdown (10Y)Largest decline over 10 years | -29.31% | -37.04% | +7.73% |
Current DrawdownCurrent decline from peak | -12.78% | -2.08% | -10.70% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -3.09% | -6.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.32% | 1.86% | +6.46% |
Volatility
FSPHX vs. HDV - Volatility Comparison
Fidelity® Select Health Care Portfolio (FSPHX) has a higher volatility of 5.92% compared to iShares Core High Dividend ETF (HDV) at 3.08%. This indicates that FSPHX's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSPHX | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 3.08% | +2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 14.68% | 7.51% | +7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.90% | 9.71% | +8.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 12.82% | +5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.04% | 15.73% | +3.31% |
FSPHX vs. HDV - Expense Ratio Comparison
FSPHX has a 0.69% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
FSPHX vs. HDV - Dividend Comparison
FSPHX's dividend yield for the trailing twelve months is around 12.63%, more than HDV's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPHX Fidelity® Select Health Care Portfolio | 12.63% | 4.16% | 10.77% | 0.00% | 2.13% | 9.06% | 11.29% | 1.35% | 9.02% | 2.27% | 0.18% | 11.63% |
HDV iShares Core High Dividend ETF | 2.89% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Frequently Asked Questions
FSPHX and HDV have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSPHX has higher volatility (5.92%) compared to HDV (3.08%). In terms of maximum drawdown, FSPHX dropped -44.45% vs HDV's -37.04%.
HDV currently has the higher Sharpe Ratio (2.19 vs 0.48), 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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