- ISIN
- US0919375404
- CUSIP
- 091937540
- Issuer
- BlackRock
- Inception Date
- Oct 16, 2000
- Category
- Health & Biotech Equities
- Index Tracked
- Russell 3000 HealthCare Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
SHSSX Performance Chart
Health Sciences Opportunities Fund Class Institutional (SHSSX) is down 2.8% since the beginning of the year. SHSSX is currently trading at $68 per share. Investors who bought $1,000 worth of SHSSX shares 5 years ago would now be looking at an investment worth $1,219.
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Returns By Period
Health Sciences Opportunities Fund Class Institutional (SHSSX) has returned -2.83% so far this year and 16.61% over the past 12 months. Over the last ten years, SHSSX has returned 9.93% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Health Sciences Opportunities Fund Class Institutional
- 1D
- -0.65%
- 1M
- 0.40%
- YTD
- -2.83%
- 6M
- -3.58%
- 1Y
- 16.61%
- 3Y*
- 6.39%
- 5Y*
- 4.04%
- 10Y*
- 9.93%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SHSSX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2001, SHSSX's average daily return is +0.05%, while the average monthly return is +1.02%. At this rate, an investment would double in approximately 5.7 years.
Historically, 62% of months were positive and 38% were negative. The best month was May 2003 with a return of +18.4%, while the worst month was Oct 2008 at -12.4%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SHSSX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +9.8%, while the worst single day was Mar 16, 2020 at -10.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.10% | 2.34% | -6.83% | -0.55% | 2.72% | -0.34% | -2.83% | ||||||
| 2025 | 7.02% | 0.38% | -3.50% | -2.19% | -4.55% | 2.27% | -1.70% | 4.91% | 1.79% | 4.63% | 9.03% | -2.02% | 16.13% |
| 2024 | 3.46% | 2.90% | 2.15% | -4.31% | 2.79% | 2.45% | 1.84% | 3.62% | -1.29% | -4.14% | 1.42% | -6.28% | 4.00% |
| 2023 | -0.86% | -4.44% | 3.05% | 3.44% | -3.15% | 4.21% | -0.15% | -0.43% | -3.18% | -3.29% | 4.86% | 4.39% | 3.86% |
| 2022 | -8.80% | -0.97% | 4.29% | -4.77% | 0.52% | -1.72% | 3.14% | -5.17% | -3.11% | 9.13% | 4.85% | -1.87% | -5.72% |
| 2021 | 0.10% | -1.96% | 2.08% | 4.49% | 0.06% | 2.74% | 1.97% | 1.06% | -5.21% | 3.99% | -4.48% | 7.41% | 12.17% |
Benchmark Metrics
Health Sciences Opportunities Fund Class Institutional has an annualized alpha of 6.60%, beta of 0.73, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since January 02, 2001.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (94.85%) than losses (73.25%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 6.60% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 6.60%
- Beta
- 0.73
- R²
- 0.66
- Upside Capture
- 94.85%
- Downside Capture
- 73.25%
Expense Ratio
SHSSX has an expense ratio of 0.84%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SHSSX ranks 19 for risk / return — in the bottom 19% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Health Sciences Opportunities Fund Class Institutional (SHSSX) and compare them to S&P 500 Index.
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.
| SHSSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.78 | -1.13 |
| Martin ratioReturn relative to average drawdown | 4.02 | 12.44 | -8.42 |
Dividends
Dividend History
Health Sciences Opportunities Fund Class Institutional provided a 10.19% dividend yield over the last twelve months, with an annual payout of $6.97 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $6.97 | $6.97 | $5.84 | $2.67 | $5.04 | $7.16 | $3.26 | $2.64 | $4.76 | $2.01 | $1.08 | $6.21 |
Dividend yield | 10.19% | 9.90% | 8.68% | 3.82% | 7.20% | 8.96% | 4.18% | 3.87% | 8.44% | 3.59% | 2.33% | 12.29% |
Monthly Dividends
The table displays the monthly dividend distributions for Health Sciences Opportunities Fund Class Institutional. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.84 | $0.00 | $0.00 | $0.00 | $0.00 | $3.14 | $6.97 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.49 | $0.00 | $0.00 | $0.00 | $0.00 | $3.34 | $5.84 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.34 | $0.00 | $0.00 | $0.00 | $0.00 | $1.33 | $2.67 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.80 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $5.04 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.75 | $0.00 | $0.00 | $0.00 | $0.00 | $4.41 | $7.16 |
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 Health Sciences Opportunities Fund Class Institutional. 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 Health Sciences Opportunities Fund Class Institutional was 35.40%, occurring on Jul 23, 2002. Recovery took 212 trading sessions.
The current Health Sciences Opportunities Fund Class Institutional drawdown is 5.63%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Dot-com crash2000–2002 | -35.40%Jul 2002 | 6mo 24d | 10mo 8d | 1y 4moDec 2001 - May 2003 |
Financial crisis2007–2009 | -31.40%Mar 2009 | 1y 1mo | 9mo 14d | 1y 11moJan 2008 - Dec 2009 |
COVID crash2020 | -28.34%Mar 2020 | 1mo 2d | 2mo 7d | 3mo 9dFeb 2020 - May 2020 |
2016 bear market2016 | -23.07%Feb 2016 | 6mo 25d | 1y 3mo | 1y 10moJul 2015 - Jun 2017 |
Dot-com crash2000–2002 | -21.40%Mar 2001 | 2mo 18d | 2mo 11d | 4mo 29dJan 2001 - Jun 2001 |
Drawdown Indicators
| SHSSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.40% | -56.78% | +21.38% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -9.10% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -18.90% | +2.95% |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | -25.43% | +7.53% |
Max Drawdown (10Y)Largest decline over 10 years | -28.34% | -33.92% | +5.58% |
Current DrawdownCurrent decline from peak | -5.63% | -1.80% | -3.83% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -10.71% | +4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 2.03% | +2.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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