FSPHX vs. VHYAX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity® Select Health Care Portfolio (FSPHX) and Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX).

FSPHX is an actively managed fund by Fidelity. It was launched on Jul 14, 1981. VHYAX is managed by Vanguard. It was launched on Feb 7, 2019.

Performance

FSPHX vs. VHYAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity® Select Health Care Portfolio (FSPHX) and Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX). The values are adjusted to include any dividend payments, if applicable.

FSPHX vs. VHYAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FSPHX Fidelity® Select Health Care Portfolio	-6.16%	9.36%	4.91%	4.13%	-12.82%	11.58%	24.57%	20.50%
VHYAX Vanguard High Dividend Yield Index Fund Admiral Shares	3.81%	15.39%	17.39%	6.68%	-0.45%	26.08%	1.06%	16.67%

Returns By Period

In the year-to-date period, FSPHX achieves a -6.16% return, which is significantly lower than VHYAX's 3.81% return.

FSPHX

• 1D: 3.89%
• 1M: -5.39%
• YTD: -6.16%
• 6M: -3.89%
• 1Y: 5.13%
• 3Y*: 3.68%
• 5Y*: 1.36%
• 10Y*: 9.02%

VHYAX

• 1D: 1.80%
• 1M: -3.94%
• YTD: 3.81%
• 6M: 6.29%
• 1Y: 17.97%
• 3Y*: 15.17%
• 5Y*: 11.00%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSPHX vs. VHYAX - Expense Ratio Comparison

FSPHX has a 0.69% expense ratio, which is higher than VHYAX's 0.08% expense ratio.

FSPHX

Fidelity® Select Health Care Portfolio

VHYAX

Vanguard High Dividend Yield Index Fund Admiral Shares

Return for Risk

FSPHX vs. VHYAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSPHX

FSPHX Risk / Return Rank: 8
FSPHX Sharpe Ratio Rank: 7
FSPHX Sortino Ratio Rank: 8
FSPHX Omega Ratio Rank: 8
FSPHX Calmar Ratio Rank: 8
FSPHX Martin Ratio Rank: 8

VHYAX

VHYAX Risk / Return Rank: 69
VHYAX Sharpe Ratio Rank: 65
VHYAX Sortino Ratio Rank: 65
VHYAX Omega Ratio Rank: 66
VHYAX Calmar Ratio Rank: 71
VHYAX Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSPHX vs. VHYAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity® Select Health Care Portfolio (FSPHX) and Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX). 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	VHYAX	Difference
Sharpe ratio Return per unit of total volatility	0.18	1.18	-1.00
Sortino ratio Return per unit of downside risk	0.39	1.68	-1.29
Omega ratio Gain probability vs. loss probability	1.05	1.26	-0.20
Calmar ratio Return relative to maximum drawdown	0.12	1.69	-1.56
Martin ratio Return relative to average drawdown	0.36	7.45	-7.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSPHX vs. VHYAX - Sharpe Ratio Comparison

The current FSPHX Sharpe Ratio is 0.18, which is lower than the VHYAX Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of FSPHX and VHYAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FSPHX	VHYAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.18	1.18	-1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.79	-0.71
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.65	+0.09

Correlation

The correlation between FSPHX and VHYAX is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FSPHX vs. VHYAX - Dividend Comparison

FSPHX's dividend yield for the trailing twelve months is around 4.43%, more than VHYAX's 2.35% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSPHX Fidelity® Select Health Care Portfolio	4.43%	4.16%	10.77%	0.00%	2.13%	9.06%	11.29%	1.35%	9.02%	2.27%	0.18%	11.63%
VHYAX Vanguard High Dividend Yield Index Fund Admiral Shares	2.35%	2.42%	2.72%	3.09%	2.98%	2.74%	3.16%	3.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FSPHX vs. VHYAX - Drawdown Comparison

The maximum FSPHX drawdown since its inception was -44.45%, which is greater than VHYAX's maximum drawdown of -35.14%. Use the drawdown chart below to compare losses from any high point for FSPHX and VHYAX.

Drawdown Indicators

	FSPHX	VHYAX	Difference
Max Drawdown Largest peak-to-trough decline	-44.45%	-35.14%	-9.31%
Max Drawdown (1Y) Largest decline over 1 year	-18.32%	-11.30%	-7.02%
Max Drawdown (5Y) Largest decline over 5 years	-29.31%	-15.87%	-13.44%
Max Drawdown (10Y) Largest decline over 10 years	-29.31%	—	—
Current Drawdown Current decline from peak	-15.14%	-4.81%	-10.33%
Average Drawdown Average peak-to-trough decline	-9.81%	-3.84%	-5.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.29%	2.56%	+3.73%

Volatility

FSPHX vs. VHYAX - Volatility Comparison

Fidelity® Select Health Care Portfolio (FSPHX) has a higher volatility of 7.06% compared to Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) at 3.79%. This indicates that FSPHX's price experiences larger fluctuations and is considered to be riskier than VHYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSPHX	VHYAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.06%	3.79%	+3.27%
Volatility (6M) Calculated over the trailing 6-month period	14.05%	8.01%	+6.04%
Volatility (1Y) Calculated over the trailing 1-year period	20.63%	15.19%	+5.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.18%	14.01%	+4.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.03%	18.11%	+0.92%