PGHAX vs. FHCCX

Last updated Aug 1, 2026

PGHAX (Putnam Global Health Care Fund) and FHCCX (Fidelity Advisor Health Care Fund Class C) are both Health & Biotech Equities funds. Over the past 5 years, PGHAX returned 6.90%/yr vs -0.65%/yr for FHCCX. Their correlation of 0.84 means they have usually moved in the same direction. PGHAX charges 0.72%/yr vs 1.72%/yr for FHCCX.

Performance

PGHAX vs. FHCCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Global Health Care Fund (PGHAX) and Fidelity Advisor Health Care Fund Class C (FHCCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGHAX achieves a 4.47% return, which is significantly lower than FHCCX's 10.04% return.

PGHAX

• 1D: -1.29%
• 1M: -2.83%
• 6M: 3.64%
• YTD: 4.47%
• 1Y: 24.95%
• 3Y*: 9.46%
• 5Y*: 6.90%
• 10Y*: —
• ALL TIME*: 9.49%

FHCCX

• 1D: 0.00%
• 1M: -1.31%
• 6M: 9.98%
• YTD: 10.04%
• 1Y: 9.60%
• 3Y*: 2.43%
• 5Y*: -0.65%
• 10Y*: 6.51%
• ALL TIME*: 9.31%

*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)
FHCCX Fidelity Advisor Health Care Fund Class C	$0.00	$0.00	$0.00
PGHAX Putnam Global Health Care Fund	$0.00	$0.00	$0.00

PGHAX vs. FHCCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PGHAX Putnam Global Health Care Fund	4.47%	15.58%	1.69%	9.48%	-4.39%	19.99%	13.35%
FHCCX Fidelity Advisor Health Care Fund Class C	10.04%	-5.49%	3.20%	3.02%	-13.72%	10.43%	13.54%

Correlation

The correlation between PGHAX and FHCCX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (All Time) Calculated using the full available price history since Jun 1, 2020	0.84

The correlation between PGHAX and FHCCX has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.

Return for Risk

PGHAX vs. FHCCX — Risk / Return Rank

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

PGHAX

PGHAX Risk / Return Rank: 61
PGHAX Sharpe Ratio Rank: 64
PGHAX Sortino Ratio Rank: 70
PGHAX Omega Ratio Rank: 57
PGHAX Calmar Ratio Rank: 75
PGHAX Martin Ratio Rank: 41

FHCCX

FHCCX Risk / Return Rank: 9
FHCCX Sharpe Ratio Rank: 9
FHCCX Sortino Ratio Rank: 9
FHCCX Omega Ratio Rank: 13
FHCCX Calmar Ratio Rank: 8
FHCCX Martin Ratio Rank: 7

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.

PGHAX vs. FHCCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Global Health Care Fund (PGHAX) and Fidelity Advisor Health Care Fund Class C (FHCCX). 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.

	PGHAX	FHCCX	Difference
Sharpe ratio: Return per unit of total volatility	1.58	0.35	+1.23
Sortino ratio: Return per unit of downside risk	2.44	0.55	+1.89
Omega ratio: Gain probability vs. loss probability	1.27	1.10	+0.17
Calmar ratio: Return relative to maximum drawdown	2.47	0.31	+2.17
Martin ratio: Return relative to average drawdown	6.05	0.54	+5.51

PGHAX vs. FHCCX - Sharpe Ratio Comparison

The current PGHAX Sharpe Ratio is 1.58, which is higher than the FHCCX Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of PGHAX and FHCCX, 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

PGHAX vs. FHCCX - Drawdown Comparison

The maximum PGHAX drawdown since its inception was -20.52%, smaller than the maximum FHCCX drawdown of -45.28%. Use the drawdown chart below to compare losses from any high point for PGHAX and FHCCX.

Drawdown Indicators

	PGHAX	FHCCX	Difference
Max Drawdown Largest peak-to-trough decline	-20.52%	-45.28%	+24.76%
Max Drawdown (1Y) Largest decline over 1 year	-9.68%	-27.25%	+17.57%
Max Drawdown (3Y) Largest decline over 3 years	-20.52%	-27.25%	+6.73%
Max Drawdown (5Y) Largest decline over 5 years	-20.52%	-29.67%	+9.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.67%	—
Current Drawdown Current decline from peak	-3.02%	-11.25%	+8.23%
Average Drawdown Average peak-to-trough decline	-5.59%	-10.22%	+4.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.95%	15.50%	-11.55%

Volatility

PGHAX vs. FHCCX - Volatility Comparison

Putnam Global Health Care Fund (PGHAX) has a higher volatility of 5.61% compared to Fidelity Advisor Health Care Fund Class C (FHCCX) at 5.13%. This indicates that PGHAX's price experiences larger fluctuations and is considered to be riskier than FHCCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGHAX	FHCCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	5.13%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	11.64%	13.45%	-1.81%
Volatility (1Y) Calculated over the trailing 1-year period	15.20%	24.46%	-9.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.71%	19.78%	-5.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.55%	19.61%	-5.06%

PGHAX vs. FHCCX - Expense Ratio Comparison

PGHAX has a 0.72% expense ratio, which is lower than FHCCX's 1.72% expense ratio.

Dividends

PGHAX vs. FHCCX - Dividend Comparison

PGHAX's dividend yield for the trailing twelve months is around 1.78%, while FHCCX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHCCX Fidelity Advisor Health Care Fund Class C	0.00%	0.00%	17.59%	0.00%	0.00%	8.32%	6.85%	0.41%	6.43%	0.00%	0.00%	7.84%
PGHAX Putnam Global Health Care Fund	1.78%	1.86%	4.71%	5.33%	7.48%	11.17%	8.93%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PGHAX and FHCCX in my portfolio?

PGHAX and FHCCX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PGHAX or FHCCX?

PGHAX has higher volatility (5.61%) compared to FHCCX (5.13%). In terms of maximum drawdown, PGHAX dropped -20.52% vs FHCCX's -45.28%.

Which has better risk-adjusted returns?

PGHAX currently has the higher Sharpe Ratio (1.58 vs 0.35), 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.