FSPHX vs. VTI

Last updated Aug 5, 2026

FSPHX (Fidelity® Select Health Care Portfolio) and VTI (Vanguard Total Stock Market ETF) are both funds - FSPHX is a Health & Biotech Equities fund actively managed by Fidelity, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. FSPHX is actively managed, while VTI is passively managed. Over the past 10 years, FSPHX returned 9.33%/yr vs 14.87%/yr for VTI. Their 0.77 correlation means they have sometimes moved together and sometimes differently. FSPHX charges 0.62%/yr vs 0.03%/yr for VTI.

Performance

FSPHX vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity® Select Health Care Portfolio (FSPHX) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSPHX achieves a 8.26% return, which is significantly lower than VTI's 14.27% return. Over the past 10 years, FSPHX has underperformed VTI with an annualized return of 9.33%, while VTI has yielded a comparatively higher 14.87% annualized return.

FSPHX

• 1D: -0.11%
• 1M: -3.05%
• 6M: 8.26%
• YTD: 8.26%
• 1Y: 19.90%
• 3Y*: 8.66%
• 5Y*: 2.62%
• 10Y*: 9.33%
• ALL TIME*: 14.31%

VTI

• 1D: 1.87%
• 1M: 3.27%
• 6M: 12.73%
• YTD: 14.27%
• 1Y: 24.07%
• 3Y*: 21.13%
• 5Y*: 12.31%
• 10Y*: 14.87%
• ALL TIME*: 9.72%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSPHX Fidelity® Select Health Care Portfolio	$0.00	$0.00	$0.00
VTI Vanguard Total Stock Market ETF	$1.13B	$1.17B	$1.24B

FSPHX vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSPHX Fidelity® Select Health Care Portfolio	8.26%	9.36%	4.91%	4.13%	-12.82%	11.58%	24.57%	31.48%	7.15%	23.83%
VTI Vanguard Total Stock Market ETF	14.27%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%

Correlation

The correlation between FSPHX and VTI is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (3Y) Balances recent behavior with more history.	0.59
Correlation (5Y) Shows whether the relationship held over a longer period.	0.69
Correlation (10Y) Provides a long-term view across more market conditions.	0.72
Correlation (All Time) Calculated using the full available price history since May 31, 2001	0.77

Over the past year, the correlation between FSPHX and VTI has dropped to 0.44 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

Return for Risk

FSPHX vs. VTI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FSPHX

FSPHX Risk / Return Rank: 27
FSPHX Sharpe Ratio Rank: 32
FSPHX Sortino Ratio Rank: 31
FSPHX Omega Ratio Rank: 32
FSPHX Calmar Ratio Rank: 24
FSPHX Martin Ratio Rank: 17

VTI

VTI Risk / Return Rank: 72
VTI Sharpe Ratio Rank: 72
VTI Sortino Ratio Rank: 70
VTI Omega Ratio Rank: 70
VTI Calmar Ratio Rank: 70
VTI Martin Ratio Rank: 80

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FSPHX vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity® Select Health Care Portfolio (FSPHX) and Vanguard Total Stock Market ETF (VTI). 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	VTI	Difference
Sharpe ratio: Return per unit of total volatility	1.15	1.85	-0.70
Sortino ratio: Return per unit of downside risk	1.64	2.55	-0.91
Omega ratio: Gain probability vs. loss probability	1.21	1.33	-0.12
Calmar ratio: Return relative to maximum drawdown	1.18	2.71	-1.53
Martin ratio: Return relative to average drawdown	2.49	11.68	-9.19

FSPHX vs. VTI - Sharpe Ratio Comparison

The current FSPHX Sharpe Ratio is 1.15, which is lower than the VTI Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of FSPHX and VTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FSPHX vs. VTI - Drawdown Comparison

The maximum FSPHX drawdown since its inception was -44.45%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for FSPHX and VTI.

Drawdown Indicators

	FSPHX	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-44.45%	-55.45%	+11.00%
Max Drawdown (1Y) Largest decline over 1 year	-18.32%	-8.92%	-9.40%
Max Drawdown (3Y) Largest decline over 3 years	-18.32%	-19.30%	+0.98%
Max Drawdown (5Y) Largest decline over 5 years	-29.31%	-25.36%	-3.95%
Max Drawdown (10Y) Largest decline over 10 years	-29.31%	-35.00%	+5.69%
Current Drawdown Current decline from peak	-4.27%	0.00%	-4.27%
Average Drawdown Average peak-to-trough decline	-9.81%	-7.98%	-1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.62%	2.07%	+6.55%

Volatility

FSPHX vs. VTI - Volatility Comparison

Fidelity® Select Health Care Portfolio (FSPHX) has a higher volatility of 5.07% compared to Vanguard Total Stock Market ETF (VTI) at 4.13%. This indicates that FSPHX's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSPHX	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.07%	4.13%	+0.94%
Volatility (6M) Calculated over the trailing 6-month period	13.62%	10.47%	+3.15%
Volatility (1Y) Calculated over the trailing 1-year period	18.77%	13.18%	+5.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.60%	17.54%	+1.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.06%	18.32%	+0.74%

FSPHX vs. VTI - Expense Ratio Comparison

FSPHX has a 0.62% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

FSPHX vs. VTI - Dividend Comparison

FSPHX's dividend yield for the trailing twelve months is around 11.25%, more than VTI's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSPHX Fidelity® Select Health Care Portfolio	11.25%	4.16%	10.77%	0.00%	2.13%	9.06%	11.29%	1.35%	9.02%	2.27%	0.18%	11.63%
VTI Vanguard Total Stock Market ETF	1.02%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both FSPHX and VTI in my portfolio?

FSPHX and VTI have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSPHX or VTI?

FSPHX has higher volatility (5.07%) compared to VTI (4.13%). In terms of maximum drawdown, FSPHX dropped -44.45% vs VTI's -55.45%.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (1.85 vs 1.15), 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.