THW vs. FBIOX
THW (abrdn World Healthcare Fund) and FBIOX (Fidelity Select Biotechnology Portfolio) are both Health & Biotech Equities funds. Over the past 10 years, THW returned 9.82%/yr vs 11.69%/yr for FBIOX. A 0.53 correlation means they provide meaningful diversification when combined. THW charges 1.54%/yr vs 0.69%/yr for FBIOX.
Performance
THW vs. FBIOX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, THW achieves a 4.72% return, which is significantly lower than FBIOX's 11.03% return. Over the past 10 years, THW has underperformed FBIOX with an annualized return of 9.82%, while FBIOX has yielded a comparatively higher 11.69% annualized return.
THW
- 1D
- -0.10%
- 1M
- -0.42%
- YTD
- 4.72%
- 6M
- 3.97%
- 1Y
- 39.93%
- 3Y*
- 7.98%
- 5Y*
- 5.79%
- 10Y*
- 9.82%
FBIOX
- 1D
- 2.80%
- 1M
- 6.82%
- YTD
- 11.03%
- 6M
- 8.61%
- 1Y
- 58.91%
- 3Y*
- 20.04%
- 5Y*
- 6.76%
- 10Y*
- 11.69%
THW vs. FBIOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THW abrdn World Healthcare Fund | 4.72% | 31.10% | 5.35% | -11.52% | -1.21% | 12.03% | 26.40% | 32.98% | -5.40% | 16.95% |
FBIOX Fidelity Select Biotechnology Portfolio | 11.03% | 36.38% | 7.26% | 10.09% | -15.87% | -12.26% | 38.62% | 36.12% | -10.92% | 27.87% |
Correlation
The correlation between THW and FBIOX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2015 | 0.53 |
The correlation between THW and FBIOX has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
THW vs. FBIOX — Risk / Return Rank
THW
FBIOX
THW vs. FBIOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn World Healthcare Fund (THW) and Fidelity Select Biotechnology Portfolio (FBIOX). 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.
| THW | FBIOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.44 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 7.66 | -4.11 |
| Martin ratioReturn relative to average drawdown | 12.61 | 23.32 | -10.72 |
Loading charts...
Drawdowns
THW vs. FBIOX - Drawdown Comparison
The maximum THW drawdown since its inception was -37.36%, smaller than the maximum FBIOX drawdown of -71.98%. Use the drawdown chart below to compare losses from any high point for THW and FBIOX.
Loading charts...
Drawdown Indicators
| THW | FBIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.36% | -71.98% | +34.62% |
Max Drawdown (1Y)Largest decline over 1 year | -11.28% | -7.62% | -3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -28.37% | -27.83% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -31.53% | -44.87% | +13.34% |
Max Drawdown (10Y)Largest decline over 10 years | -37.36% | -48.66% | +11.30% |
Current DrawdownCurrent decline from peak | -0.96% | 0.00% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -9.68% | -23.60% | +13.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 2.50% | +0.68% |
Volatility
THW vs. FBIOX - Volatility Comparison
The current volatility for abrdn World Healthcare Fund (THW) is 5.97%, while Fidelity Select Biotechnology Portfolio (FBIOX) has a volatility of 8.04%. This indicates that THW experiences smaller price fluctuations and is considered to be less risky than FBIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| THW | FBIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 8.04% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 13.37% | 17.08% | -3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.15% | 21.36% | -1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.69% | 25.03% | -6.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.21% | 26.26% | -5.05% |
THW vs. FBIOX - Expense Ratio Comparison
THW has a 1.54% expense ratio, which is higher than FBIOX's 0.69% expense ratio.
Dividends
THW vs. FBIOX - Dividend Comparison
THW's dividend yield for the trailing twelve months is around 11.06%, more than FBIOX's 6.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBIOX Fidelity Select Biotechnology Portfolio | 6.06% | 2.47% | 1.21% | 0.45% | 0.00% | 14.48% | 19.46% | 8.89% | 11.18% | 1.41% | 3.42% | 6.71% |
THW abrdn World Healthcare Fund | 11.06% | 10.96% | 12.72% | 12.00% | 9.56% | 8.60% | 8.85% | 10.11% | 12.08% | 10.29% | 10.91% | 3.69% |
Frequently Asked Questions
THW and FBIOX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBIOX has higher volatility (8.04%) compared to THW (5.97%). In terms of maximum drawdown, THW dropped -37.36% vs FBIOX's -71.98%.
FBIOX currently has the higher Sharpe Ratio (2.74 vs 1.99), 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.
Find the right allocation for THW and FBIOX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer