PHSTX vs. FSPHX

Last updated Aug 1, 2026

PHSTX (Putnam Global Health Care Fund) and FSPHX (Fidelity® Select Health Care Portfolio) are both Health & Biotech Equities funds. Over the past 10 years, PHSTX returned 9.06%/yr vs 9.55%/yr for FSPHX. Their correlation of 0.88 means they have usually moved in the same direction. PHSTX charges 1.05%/yr vs 0.62%/yr for FSPHX.

Performance

PHSTX vs. FSPHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Global Health Care Fund (PHSTX) and Fidelity® Select Health Care Portfolio (FSPHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PHSTX achieves a 4.28% return, which is significantly lower than FSPHX's 10.28% return. Over the past 10 years, PHSTX has underperformed FSPHX with an annualized return of 9.06%, while FSPHX has yielded a comparatively higher 9.55% annualized return.

PHSTX

• 1D: -1.29%
• 1M: -2.86%
• 6M: 3.48%
• YTD: 4.28%
• 1Y: 24.55%
• 3Y*: 9.10%
• 5Y*: 6.51%
• 10Y*: 9.06%
• ALL TIME*: 10.96%

FSPHX

• 1D: -0.04%
• 1M: -1.24%
• 6M: 10.20%
• YTD: 10.28%
• 1Y: 23.63%
• 3Y*: 8.33%
• 5Y*: 3.18%
• 10Y*: 9.55%
• ALL TIME*: 14.36%

*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
PHSTX Putnam Global Health Care Fund	$0.00	$0.00	$0.00

PHSTX vs. FSPHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PHSTX Putnam Global Health Care Fund	4.28%	15.20%	1.35%	9.11%	-4.88%	19.60%	15.94%	30.26%	-0.76%	15.30%
FSPHX Fidelity® Select Health Care Portfolio	10.28%	9.36%	4.91%	4.13%	-12.82%	11.58%	24.57%	31.48%	7.15%	23.83%

Correlation

The correlation between PHSTX and FSPHX 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 (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since May 28, 1982	0.88

The correlation between PHSTX and FSPHX shifts across timeframes, from 0.77 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PHSTX vs. FSPHX — Risk / Return Rank

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

PHSTX

PHSTX Risk / Return Rank: 63
PHSTX Sharpe Ratio Rank: 67
PHSTX Sortino Ratio Rank: 71
PHSTX Omega Ratio Rank: 60
PHSTX Calmar Ratio Rank: 75
PHSTX Martin Ratio Rank: 41

FSPHX

FSPHX Risk / Return Rank: 35
FSPHX Sharpe Ratio Rank: 43
FSPHX Sortino Ratio Rank: 41
FSPHX Omega Ratio Rank: 42
FSPHX Calmar Ratio Rank: 28
FSPHX Martin Ratio Rank: 19

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.

PHSTX vs. FSPHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Global Health Care Fund (PHSTX) and Fidelity® Select Health Care Portfolio (FSPHX). 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.

	PHSTX	FSPHX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.20	+0.35
Sortino ratio: Return per unit of downside risk	2.41	1.70	+0.71
Omega ratio: Gain probability vs. loss probability	1.27	1.22	+0.05
Calmar ratio: Return relative to maximum drawdown	2.43	1.22	+1.20
Martin ratio: Return relative to average drawdown	5.91	2.59	+3.32

PHSTX vs. FSPHX - Sharpe Ratio Comparison

The current PHSTX Sharpe Ratio is 1.55, which is comparable to the FSPHX Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of PHSTX and FSPHX, 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

PHSTX vs. FSPHX - Drawdown Comparison

The maximum PHSTX drawdown since its inception was -45.51%, roughly equal to the maximum FSPHX drawdown of -44.45%. Use the drawdown chart below to compare losses from any high point for PHSTX and FSPHX.

Drawdown Indicators

	PHSTX	FSPHX	Difference
Max Drawdown Largest peak-to-trough decline	-45.51%	-44.45%	-1.06%
Max Drawdown (1Y) Largest decline over 1 year	-9.71%	-18.32%	+8.61%
Max Drawdown (3Y) Largest decline over 3 years	-20.71%	-18.32%	-2.39%
Max Drawdown (5Y) Largest decline over 5 years	-20.71%	-29.31%	+8.60%
Max Drawdown (10Y) Largest decline over 10 years	-25.51%	-29.31%	+3.80%
Current Drawdown Current decline from peak	-3.05%	-2.49%	-0.56%
Average Drawdown Average peak-to-trough decline	-9.90%	-9.81%	-0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.98%	8.61%	-4.63%

Volatility

PHSTX vs. FSPHX - Volatility Comparison

Putnam Global Health Care Fund (PHSTX) has a higher volatility of 5.60% compared to Fidelity® Select Health Care Portfolio (FSPHX) at 5.15%. This indicates that PHSTX's price experiences larger fluctuations and is considered to be riskier than FSPHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PHSTX	FSPHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	5.15%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	11.63%	13.52%	-1.89%
Volatility (1Y) Calculated over the trailing 1-year period	15.20%	18.68%	-3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.74%	18.58%	-3.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.81%	19.05%	-3.24%

PHSTX vs. FSPHX - Expense Ratio Comparison

PHSTX has a 1.05% expense ratio, which is higher than FSPHX's 0.62% expense ratio.

Dividends

PHSTX vs. FSPHX - Dividend Comparison

PHSTX's dividend yield for the trailing twelve months is around 1.71%, less than FSPHX's 11.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSPHX Fidelity® Select Health Care Portfolio	11.05%	4.16%	10.77%	0.00%	2.13%	9.06%	11.29%	1.35%	9.02%	2.27%	0.18%	11.63%
PHSTX Putnam Global Health Care Fund	1.71%	1.79%	4.92%	5.62%	7.82%	11.98%	9.58%	5.72%	6.82%	17.31%	10.65%	13.06%

Frequently Asked Questions

Can I hold both PHSTX and FSPHX in my portfolio?

PHSTX and FSPHX 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, PHSTX or FSPHX?

PHSTX has higher volatility (5.60%) compared to FSPHX (5.15%). In terms of maximum drawdown, PHSTX dropped -45.51% vs FSPHX's -44.45%.

Which has better risk-adjusted returns?

PHSTX currently has the higher Sharpe Ratio (1.55 vs 1.20), 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.