AHSAX vs. THQ
AHSAX (Alger Health Sciences Fund) and THQ (Abrdn Healthcare Opportunities Fund) are both Health & Biotech Equities funds. Over the past 10 years, AHSAX returned 9.85%/yr vs 9.81%/yr for THQ. A 0.65 correlation means they provide meaningful diversification when combined. AHSAX charges 1.05%/yr vs 1.47%/yr for THQ.
Performance
AHSAX vs. THQ - Performance Comparison
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Returns By Period
In the year-to-date period, AHSAX achieves a 15.70% return, which is significantly higher than THQ's 4.14% return. Both investments have delivered pretty close results over the past 10 years, with AHSAX having a 9.85% annualized return and THQ not far behind at 9.81%.
AHSAX
- 1D
- 0.08%
- 1M
- 12.88%
- 6M
- 12.54%
- YTD
- 15.70%
- 1Y
- 45.10%
- 3Y*
- 7.93%
- 5Y*
- 0.09%
- 10Y*
- 9.85%
THQ
- 1D
- 1.40%
- 1M
- 2.21%
- 6M
- 0.67%
- YTD
- 4.14%
- 1Y
- 18.33%
- 3Y*
- 10.95%
- 5Y*
- 4.30%
- 10Y*
- 9.81%
AHSAX vs. THQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AHSAX Alger Health Sciences Fund | 15.70% | 10.14% | 1.17% | -4.26% | -17.04% | 3.26% | 30.99% | 22.02% | 5.71% | 33.06% |
THQ Abrdn Healthcare Opportunities Fund | 4.14% | 13.88% | 15.51% | -1.62% | -17.53% | 33.39% | 15.20% | 22.70% | 3.41% | 21.84% |
Correlation
The correlation between AHSAX and THQ is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2014 | 0.65 |
The correlation between AHSAX and THQ shifts across timeframes, from 0.56 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AHSAX vs. THQ — Risk / Return Rank
AHSAX
THQ
AHSAX vs. THQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Health Sciences Fund (AHSAX) and Abrdn Healthcare Opportunities Fund (THQ). 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.
| AHSAX | THQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.46 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.18 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.73 | 1.10 | +3.63 |
| Martin ratioReturn relative to average drawdown | 15.29 | 3.47 | +11.82 |
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Drawdowns
AHSAX vs. THQ - Drawdown Comparison
The maximum AHSAX drawdown since its inception was -46.23%, which is greater than THQ's maximum drawdown of -39.35%. Use the drawdown chart below to compare losses from any high point for AHSAX and THQ.
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Drawdown Indicators
| AHSAX | THQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.23% | -39.35% | -6.88% |
Max Drawdown (1Y)Largest decline over 1 year | -9.67% | -16.74% | +7.07% |
Max Drawdown (3Y)Largest decline over 3 years | -23.11% | -25.86% | +2.75% |
Max Drawdown (5Y)Largest decline over 5 years | -45.04% | -32.20% | -12.84% |
Max Drawdown (10Y)Largest decline over 10 years | -45.04% | -39.35% | -5.69% |
Current DrawdownCurrent decline from peak | -15.85% | -1.78% | -14.07% |
Average DrawdownAverage peak-to-trough decline | -14.74% | -8.57% | -6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 5.47% | -2.48% |
Volatility
AHSAX vs. THQ - Volatility Comparison
The current volatility for Alger Health Sciences Fund (AHSAX) is 5.38%, while Abrdn Healthcare Opportunities Fund (THQ) has a volatility of 6.62%. This indicates that AHSAX experiences smaller price fluctuations and is considered to be less risky than THQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHSAX | THQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 6.62% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 12.93% | 14.11% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.39% | 18.85% | -2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.26% | 19.24% | +5.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.34% | 20.53% | +2.81% |
AHSAX vs. THQ - Expense Ratio Comparison
AHSAX has a 1.05% expense ratio, which is lower than THQ's 1.47% expense ratio.
Dividends
AHSAX vs. THQ - Dividend Comparison
AHSAX has not paid dividends to shareholders, while THQ's dividend yield for the trailing twelve months is around 11.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHSAX Alger Health Sciences Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 27.18% | 11.68% | 6.98% | 7.82% | 0.00% | 0.00% | 0.00% |
THQ Abrdn Healthcare Opportunities Fund | 11.49% | 11.29% | 11.09% | 7.45% | 6.81% | 5.27% | 6.62% | 7.08% | 8.05% | 7.71% | 8.70% | 9.50% |
Frequently Asked Questions
AHSAX and THQ have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THQ has higher volatility (6.62%) compared to AHSAX (5.38%). In terms of maximum drawdown, AHSAX dropped -46.23% vs THQ's -39.35%.
AHSAX currently has the higher Sharpe Ratio (2.80 vs 0.98), 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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