VGHAX vs. FSMEX
Compare and contrast key facts about Vanguard Health Care Fund Admiral Shares (VGHAX) and Fidelity Select Medical Technology and Devices Portfolio (FSMEX).
VGHAX is managed by Vanguard. It was launched on Nov 12, 2001. FSMEX is managed by Fidelity. It was launched on Apr 28, 1998.
Performance
VGHAX vs. FSMEX - Performance Comparison
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VGHAX vs. FSMEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGHAX Vanguard Health Care Fund Admiral Shares | -3.02% | 19.72% | 9.10% | 5.51% | -1.00% | 12.82% | 12.62% | 22.99% | 1.07% | 19.64% |
FSMEX Fidelity Select Medical Technology and Devices Portfolio | -15.85% | 8.13% | 18.37% | 0.62% | -24.84% | 24.56% | 30.18% | 29.58% | 15.98% | 26.66% |
Returns By Period
In the year-to-date period, VGHAX achieves a -3.02% return, which is significantly higher than FSMEX's -15.85% return. Over the past 10 years, VGHAX has underperformed FSMEX with an annualized return of 9.49%, while FSMEX has yielded a comparatively higher 10.69% annualized return.
VGHAX
- 1D
- 3.05%
- 1M
- -4.71%
- YTD
- -3.02%
- 6M
- 6.85%
- 1Y
- 14.74%
- 3Y*
- 10.37%
- 5Y*
- 8.69%
- 10Y*
- 9.49%
FSMEX
- 1D
- 2.09%
- 1M
- -8.17%
- YTD
- -15.85%
- 6M
- -10.43%
- 1Y
- -6.29%
- 3Y*
- 1.05%
- 5Y*
- -0.41%
- 10Y*
- 10.69%
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VGHAX vs. FSMEX - Expense Ratio Comparison
VGHAX has a 0.25% expense ratio, which is lower than FSMEX's 0.68% expense ratio.
Return for Risk
VGHAX vs. FSMEX — Risk / Return Rank
VGHAX
FSMEX
VGHAX vs. FSMEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Health Care Fund Admiral Shares (VGHAX) 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.
| VGHAX | FSMEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | -0.33 | +1.08 |
Sortino ratioReturn per unit of downside risk | 1.13 | -0.34 | +1.47 |
Omega ratioGain probability vs. loss probability | 1.14 | 0.96 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | -0.31 | +1.68 |
Martin ratioReturn relative to average drawdown | 3.42 | -0.99 | +4.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VGHAX | FSMEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | -0.33 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | -0.02 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.52 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.65 | -0.05 |
Correlation
The correlation between VGHAX and FSMEX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VGHAX vs. FSMEX - Dividend Comparison
VGHAX's dividend yield for the trailing twelve months is around 6.88%, less than FSMEX's 12.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGHAX Vanguard Health Care Fund Admiral Shares | 6.88% | 6.07% | 22.84% | 7.22% | 5.49% | 7.05% | 8.02% | 11.87% | 9.15% | 7.36% | 8.60% | 8.21% |
FSMEX Fidelity Select Medical Technology and Devices Portfolio | 12.52% | 10.53% | 17.04% | 0.00% | 1.80% | 8.12% | 6.65% | 1.77% | 7.47% | 6.26% | 5.84% | 16.35% |
Drawdowns
VGHAX vs. FSMEX - Drawdown Comparison
The maximum VGHAX drawdown since its inception was -36.85%, smaller than the maximum FSMEX drawdown of -40.34%. Use the drawdown chart below to compare losses from any high point for VGHAX and FSMEX.
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Drawdown Indicators
| VGHAX | FSMEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.85% | -40.34% | +3.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.19% | -21.04% | +11.85% |
Max Drawdown (5Y)Largest decline over 5 years | -16.92% | -40.34% | +23.42% |
Max Drawdown (10Y)Largest decline over 10 years | -27.17% | -40.34% | +13.17% |
Current DrawdownCurrent decline from peak | -6.01% | -21.20% | +15.19% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -7.66% | +2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 6.62% | -2.95% |
Volatility
VGHAX vs. FSMEX - Volatility Comparison
The current volatility for Vanguard Health Care Fund Admiral Shares (VGHAX) is 5.81%, while Fidelity Select Medical Technology and Devices Portfolio (FSMEX) has a volatility of 6.36%. This indicates that VGHAX 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
| VGHAX | FSMEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 6.36% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.63% | 12.51% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.66% | 21.09% | -3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 20.76% | -2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 20.60% | -3.02% |