Saratoga Health & Biotechnology Fund (SHPAX)
The fund will normally invest at least 80% of its total assets in equity securities of U.S. and foreign healthcare companies and biotechnology companies, regardless of their stock market value (or "market capitalization"). Equity securities include common stocks, preferred stocks, securities convertible into common stocks and warrants. The Adviser utilizes a top-down investment approach focused on long-term economic trends.
Fund Info
US8034317417
803431741
Jul 14, 1999
$250
Large-Cap
Blend
Expense Ratio
SHPAX has a high expense ratio of 2.90%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Saratoga Health & Biotechnology Fund (SHPAX) returned 1.38% year-to-date (YTD) and 0.11% over the past 12 months. Over the past 10 years, SHPAX returned 4.05% annually, underperforming the S&P 500 benchmark at 10.84%.
SHPAX
1.38%
-0.05%
-5.94%
0.11%
1.57%
4.56%
4.05%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of SHPAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 5.64% | -0.35% | -1.67% | -1.13% | -0.94% | 1.38% | |||||||
| 2024 | 2.27% | 0.98% | 2.30% | -4.79% | 3.20% | 1.47% | 5.00% | 3.67% | -3.45% | -3.43% | 1.28% | -7.41% | 0.25% |
| 2023 | -1.54% | -5.20% | 1.65% | 2.78% | -5.30% | 4.15% | 0.57% | -0.67% | -2.17% | -2.96% | 5.23% | 3.82% | -0.36% |
| 2022 | -5.35% | -0.81% | 6.15% | -3.78% | 1.19% | -3.74% | 2.96% | -3.97% | -3.88% | 12.69% | 4.29% | -2.32% | 1.93% |
| 2021 | 1.02% | -1.22% | 4.67% | 4.31% | -0.44% | 2.77% | 2.55% | 1.69% | -5.72% | 4.40% | -6.46% | 9.05% | 16.71% |
| 2020 | -3.21% | -4.67% | -5.11% | 9.39% | 4.22% | -3.70% | 1.62% | 1.15% | -2.36% | -4.08% | 8.52% | 3.12% | 3.52% |
| 2019 | 7.79% | -1.10% | -2.59% | -3.23% | -4.36% | 7.03% | -0.95% | -0.11% | 1.01% | 5.42% | 5.09% | 2.02% | 16.20% |
| 2018 | 5.95% | -6.53% | -4.50% | 2.07% | -0.84% | 2.17% | 5.43% | 3.13% | 2.36% | -5.74% | 3.97% | -11.22% | -5.30% |
| 2017 | 1.69% | 6.93% | -1.81% | 1.24% | 1.27% | 3.27% | -0.57% | -2.29% | 0.48% | -1.86% | 1.75% | 1.45% | 11.78% |
| 2016 | -6.28% | -0.64% | 3.69% | 3.09% | 2.04% | 1.42% | 3.61% | -3.02% | -0.58% | -7.84% | 2.59% | 0.70% | -2.02% |
| 2015 | 1.66% | 3.99% | 1.50% | -2.52% | 3.17% | -1.22% | 5.02% | -6.80% | -4.96% | 5.29% | 1.10% | 1.36% | 6.99% |
| 2014 | 1.30% | 4.28% | 1.40% | -1.42% | 2.52% | 1.50% | -0.94% | 2.79% | -0.93% | 5.68% | 3.22% | -1.34% | 19.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SHPAX is 7, meaning it’s performing worse than 93% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Saratoga Health & Biotechnology Fund (SHPAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Saratoga Health & Biotechnology Fund provided a 1.33% dividend yield over the last twelve months, with an annual payout of $0.25 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.25 | $1.02 | $1.27 | $0.79 | $2.58 | $1.82 | $4.07 | $4.23 | $3.11 | $3.05 | $2.72 |
Dividend yield | 1.33% | 1.35% | 5.38% | 6.34% | 3.76% | 13.82% | 8.83% | 22.00% | 17.98% | 12.52% | 10.70% | 9.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Saratoga Health & Biotechnology Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.02 | $1.02 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.27 | $1.27 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.79 | $0.79 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.58 | $2.58 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.82 | $1.82 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.07 | $4.07 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.23 | $4.23 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.11 | $3.11 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.05 | $3.05 |
| 2014 | $2.72 | $2.72 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Saratoga Health & Biotechnology Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Saratoga Health & Biotechnology Fund was 69.50%, occurring on Mar 9, 2009. Recovery took 1275 trading sessions.
The current Saratoga Health & Biotechnology Fund drawdown is 11.34%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -69.5% | Mar 7, 2000 | 2257 | Mar 9, 2009 | 1275 | Apr 2, 2014 | 3532 |
| -28.05% | Feb 13, 2020 | 27 | Mar 23, 2020 | 197 | Dec 31, 2020 | 224 |
| -18.6% | Jan 29, 2018 | 229 | Dec 24, 2018 | 250 | Dec 20, 2019 | 479 |
| -16.32% | Sep 3, 2024 | 150 | Apr 8, 2025 | — | — | — |
| -16.07% | Aug 6, 2015 | 128 | Feb 8, 2016 | 107 | Jul 12, 2016 | 235 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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