THW vs. FBTCX
THW (abrdn World Healthcare Fund) and FBTCX (Fidelity Advisor Biotechnology Fund Class C) are both Health & Biotech Equities funds. Over the past 10 years, THW returned 9.82%/yr vs 11.82%/yr for FBTCX. A 0.53 correlation means they provide meaningful diversification when combined. THW charges 1.54%/yr vs 1.75%/yr for FBTCX.
Performance
THW vs. FBTCX - Performance Comparison
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Returns By Period
In the year-to-date period, THW achieves a 4.72% return, which is significantly lower than FBTCX's 11.67% return. Over the past 10 years, THW has underperformed FBTCX with an annualized return of 9.82%, while FBTCX has yielded a comparatively higher 11.82% 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%
FBTCX
- 1D
- 5.15%
- 1M
- 8.09%
- YTD
- 11.67%
- 6M
- 9.05%
- 1Y
- 63.57%
- 3Y*
- 18.46%
- 5Y*
- 8.45%
- 10Y*
- 11.82%
THW vs. FBTCX - 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% |
FBTCX Fidelity Advisor Biotechnology Fund Class C | 11.67% | 38.48% | -2.00% | 9.86% | -8.64% | -3.72% | 31.17% | 24.82% | -4.55% | 24.81% |
Correlation
The correlation between THW and FBTCX is 0.58, 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 | 0.58 |
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 | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2015 | 0.53 |
The correlation between THW and FBTCX has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.
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Return for Risk
THW vs. FBTCX — Risk / Return Rank
THW
FBTCX
THW vs. FBTCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn World Healthcare Fund (THW) and Fidelity Advisor Biotechnology Fund Class C (FBTCX). 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 | FBTCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.43 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 6.97 | -3.41 |
| Martin ratioReturn relative to average drawdown | 12.61 | 19.09 | -6.48 |
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Drawdowns
THW vs. FBTCX - Drawdown Comparison
The maximum THW drawdown since its inception was -37.36%, smaller than the maximum FBTCX drawdown of -64.04%. Use the drawdown chart below to compare losses from any high point for THW and FBTCX.
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Drawdown Indicators
| THW | FBTCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.36% | -64.04% | +26.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.28% | -9.04% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -28.37% | -37.26% | +8.89% |
Max Drawdown (5Y)Largest decline over 5 years | -31.53% | -37.26% | +5.73% |
Max Drawdown (10Y)Largest decline over 10 years | -37.36% | -39.37% | +2.01% |
Current DrawdownCurrent decline from peak | -0.96% | 0.00% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -9.68% | -23.04% | +13.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 3.29% | -0.11% |
Volatility
THW vs. FBTCX - Volatility Comparison
The current volatility for abrdn World Healthcare Fund (THW) is 5.97%, while Fidelity Advisor Biotechnology Fund Class C (FBTCX) has a volatility of 9.23%. This indicates that THW experiences smaller price fluctuations and is considered to be less risky than FBTCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THW | FBTCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 9.23% | -3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 13.37% | 18.04% | -4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.15% | 23.23% | -3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.69% | 23.84% | -5.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.21% | 24.56% | -3.35% |
THW vs. FBTCX - Expense Ratio Comparison
THW has a 1.54% expense ratio, which is lower than FBTCX's 1.75% expense ratio.
Dividends
THW vs. FBTCX - Dividend Comparison
THW's dividend yield for the trailing twelve months is around 11.06%, more than FBTCX's 1.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBTCX Fidelity Advisor Biotechnology Fund Class C | 1.51% | 1.68% | 0.00% | 0.00% | 0.00% | 24.50% | 9.78% | 7.92% | 2.92% | 0.00% | 0.00% | 5.73% |
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 FBTCX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBTCX has higher volatility (9.23%) compared to THW (5.97%). In terms of maximum drawdown, THW dropped -37.36% vs FBTCX's -64.04%.
FBTCX currently has the higher Sharpe Ratio (2.72 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.
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