PHSZX vs. FSMEX
PHSZX (PGIM Jennison Health Sciences Fund) and FSMEX (Fidelity Select Medical Technology and Devices Portfolio) are both Health & Biotech Equities funds. Over the past 10 years, PHSZX returned 13.17%/yr vs 9.67%/yr for FSMEX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. PHSZX charges 0.86%/yr vs 0.62%/yr for FSMEX.
Performance
PHSZX vs. FSMEX - Performance Comparison
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Returns By Period
In the year-to-date period, PHSZX achieves a 7.27% return, which is significantly higher than FSMEX's -7.61% return. Over the past 10 years, PHSZX has outperformed FSMEX with an annualized return of 13.17%, while FSMEX has yielded a comparatively lower 9.67% annualized return.
PHSZX
- 1D
- -1.14%
- 1M
- -2.95%
- 6M
- 7.80%
- YTD
- 7.27%
- 1Y
- 35.99%
- 3Y*
- 19.43%
- 5Y*
- 9.10%
- 10Y*
- 13.17%
- ALL TIME*
- 14.74%
FSMEX
- 1D
- -1.12%
- 1M
- 0.10%
- 6M
- -5.06%
- YTD
- -7.61%
- 1Y
- 0.30%
- 3Y*
- 4.26%
- 5Y*
- -1.64%
- 10Y*
- 9.67%
- ALL TIME*
- 12.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PHSZX vs. FSMEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHSZX PGIM Jennison Health Sciences Fund | 7.27% | 19.73% | 23.04% | 12.50% | -10.06% | 6.09% | 41.72% | 18.62% | -3.77% | 31.41% |
FSMEX Fidelity Select Medical Technology and Devices Portfolio | -7.61% | 8.13% | 18.37% | 0.62% | -24.84% | 24.56% | 30.18% | 29.58% | 15.98% | 26.66% |
Correlation
The correlation between PHSZX and FSMEX is 0.56, 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. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 1999 | 0.78 |
Over the past year, the correlation between PHSZX and FSMEX has dropped to 0.56 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
PHSZX vs. FSMEX — Risk / Return Rank
PHSZX
FSMEX
PHSZX vs. FSMEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Health Sciences Fund (PHSZX) and Fidelity Select Medical Technology and Devices Portfolio (FSMEX). 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.
| PHSZX | FSMEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.01 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | -0.01 | +3.02 |
| Martin ratioReturn relative to average drawdown | 8.81 | -0.02 | +8.83 |
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Drawdowns
PHSZX vs. FSMEX - Drawdown Comparison
The maximum PHSZX drawdown since its inception was -42.77%, which is greater than FSMEX's maximum drawdown of -40.34%. Use the drawdown chart below to compare losses from any high point for PHSZX and FSMEX.
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Drawdown Indicators
| PHSZX | FSMEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.77% | -40.34% | -2.43% |
Max Drawdown (1Y)Largest decline over 1 year | -12.24% | -26.28% | +14.04% |
Max Drawdown (3Y)Largest decline over 3 years | -22.06% | -26.28% | +4.22% |
Max Drawdown (5Y)Largest decline over 5 years | -29.36% | -40.34% | +10.98% |
Max Drawdown (10Y)Largest decline over 10 years | -30.92% | -40.34% | +9.42% |
Current DrawdownCurrent decline from peak | -4.01% | -13.48% | +9.47% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -7.81% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 12.48% | -8.31% |
Volatility
PHSZX vs. FSMEX - Volatility Comparison
The current volatility for PGIM Jennison Health Sciences Fund (PHSZX) is 5.54%, while Fidelity Select Medical Technology and Devices Portfolio (FSMEX) has a volatility of 6.43%. This indicates that PHSZX experiences smaller price fluctuations and is considered to be less risky than FSMEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHSZX | FSMEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 6.43% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 14.75% | 16.56% | -1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 20.02% | -1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.02% | 21.35% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.12% | 20.89% | +2.23% |
PHSZX vs. FSMEX - Expense Ratio Comparison
PHSZX has a 0.86% expense ratio, which is higher than FSMEX's 0.62% expense ratio.
Dividends
PHSZX vs. FSMEX - Dividend Comparison
PHSZX's dividend yield for the trailing twelve months is around 10.19%, less than FSMEX's 19.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMEX Fidelity Select Medical Technology and Devices Portfolio | 19.65% | 10.53% | 17.04% | 0.00% | 1.80% | 8.12% | 6.65% | 1.77% | 7.47% | 6.26% | 5.84% | 16.35% |
PHSZX PGIM Jennison Health Sciences Fund | 10.19% | 10.93% | 23.93% | 4.26% | 1.48% | 29.82% | 20.26% | 2.92% | 11.21% | 4.43% | 3.44% | 13.45% |
Frequently Asked Questions
PHSZX and FSMEX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSMEX has higher volatility (6.43%) compared to PHSZX (5.54%). In terms of maximum drawdown, PHSZX dropped -42.77% vs FSMEX's -40.34%.
PHSZX currently has the higher Sharpe Ratio (1.98 vs -0.01), 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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