FSPHX vs. SHSSX
FSPHX (Fidelity® Select Health Care Portfolio) and SHSSX (Health Sciences Opportunities Fund Class Institutional) are both Health & Biotech Equities funds. FSPHX is actively managed, while SHSSX is passively managed. Over the past 10 years, FSPHX returned 9.89%/yr vs 10.43%/yr for SHSSX. Their correlation of 0.92 suggests significant overlap in exposure. FSPHX charges 0.69%/yr vs 0.84%/yr for SHSSX.
Performance
FSPHX vs. SHSSX - Performance Comparison
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Returns By Period
In the year-to-date period, FSPHX achieves a 1.84% return, which is significantly higher than SHSSX's -0.43% return. Over the past 10 years, FSPHX has underperformed SHSSX with an annualized return of 9.89%, while SHSSX has yielded a comparatively higher 10.43% annualized return.
FSPHX
- 1D
- 1.10%
- 1M
- 5.54%
- YTD
- 1.84%
- 6M
- -6.54%
- 1Y
- 13.41%
- 3Y*
- 5.83%
- 5Y*
- 1.62%
- 10Y*
- 9.89%
SHSSX
- 1D
- 1.08%
- 1M
- 2.88%
- YTD
- -0.43%
- 6M
- -1.49%
- 1Y
- 17.72%
- 3Y*
- 7.25%
- 5Y*
- 4.23%
- 10Y*
- 10.43%
FSPHX vs. SHSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSPHX Fidelity® Select Health Care Portfolio | 1.84% | 9.36% | 4.91% | 4.13% | -12.82% | 11.58% | 24.57% | 31.48% | 7.15% | 23.83% |
SHSSX Health Sciences Opportunities Fund Class Institutional | -0.43% | 16.13% | 4.00% | 3.86% | -5.72% | 12.17% | 19.54% | 25.63% | 8.24% | 25.02% |
Correlation
The correlation between FSPHX and SHSSX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.92 |
The correlation between FSPHX and SHSSX has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
FSPHX vs. SHSSX — Risk / Return Rank
FSPHX
SHSSX
FSPHX vs. SHSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity® Select Health Care Portfolio (FSPHX) and Health Sciences Opportunities Fund Class Institutional (SHSSX). 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 | SHSSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 1.97 | -1.13 |
| Martin ratioReturn relative to average drawdown | 1.78 | 4.77 | -2.99 |
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Drawdowns
FSPHX vs. SHSSX - Drawdown Comparison
The maximum FSPHX drawdown since its inception was -44.45%, which is greater than SHSSX's maximum drawdown of -35.40%. Use the drawdown chart below to compare losses from any high point for FSPHX and SHSSX.
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Drawdown Indicators
| FSPHX | SHSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.45% | -35.40% | -9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -18.32% | -9.83% | -8.49% |
Max Drawdown (3Y)Largest decline over 3 years | -18.32% | -15.95% | -2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -17.90% | -11.41% |
Max Drawdown (10Y)Largest decline over 10 years | -29.31% | -28.34% | -0.97% |
Current DrawdownCurrent decline from peak | -7.91% | -3.30% | -4.61% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -5.98% | -3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.59% | 4.06% | +4.53% |
Volatility
FSPHX vs. SHSSX - Volatility Comparison
Fidelity® Select Health Care Portfolio (FSPHX) has a higher volatility of 5.93% compared to Health Sciences Opportunities Fund Class Institutional (SHSSX) at 5.17%. This indicates that FSPHX's price experiences larger fluctuations and is considered to be riskier than SHSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSPHX | SHSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 5.17% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 15.00% | 10.79% | +4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 14.24% | +3.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.43% | 14.46% | +3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.02% | 16.54% | +2.48% |
FSPHX vs. SHSSX - Expense Ratio Comparison
FSPHX has a 0.69% expense ratio, which is lower than SHSSX's 0.84% expense ratio.
Dividends
FSPHX vs. SHSSX - Dividend Comparison
FSPHX's dividend yield for the trailing twelve months is around 11.96%, more than SHSSX's 9.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPHX Fidelity® Select Health Care Portfolio | 11.96% | 4.16% | 10.77% | 0.00% | 2.13% | 9.06% | 11.29% | 1.35% | 9.02% | 2.27% | 0.18% | 11.63% |
SHSSX Health Sciences Opportunities Fund Class Institutional | 9.95% | 9.90% | 8.68% | 3.82% | 7.20% | 8.96% | 4.18% | 3.87% | 8.44% | 3.59% | 2.33% | 12.29% |
Frequently Asked Questions
FSPHX and SHSSX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSPHX has higher volatility (5.93%) compared to SHSSX (5.17%). In terms of maximum drawdown, FSPHX dropped -44.45% vs SHSSX's -35.40%.
SHSSX currently has the higher Sharpe Ratio (1.36 vs 0.85), 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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