DLHIX vs. SHSSX
DLHIX (Delaware Healthcare Fund) and SHSSX (Health Sciences Opportunities Fund Class Institutional) are both Health & Biotech Equities funds. Over the past 10 years, DLHIX returned 10.83%/yr vs 10.18%/yr for SHSSX. Their correlation of 0.89 means they have usually moved in the same direction. DLHIX charges 0.98%/yr vs 0.84%/yr for SHSSX.
Performance
DLHIX vs. SHSSX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DLHIX having a 6.25% return and SHSSX slightly lower at 6.09%. Over the past 10 years, DLHIX has outperformed SHSSX with an annualized return of 10.83%, while SHSSX has yielded a comparatively lower 10.18% annualized return.
DLHIX
- 1D
- -0.14%
- 1M
- -1.06%
- 6M
- 5.77%
- YTD
- 6.25%
- 1Y
- 33.18%
- 3Y*
- 14.76%
- 5Y*
- 8.82%
- 10Y*
- 10.83%
- ALL TIME*
- 14.02%
SHSSX
- 1D
- -0.73%
- 1M
- -1.34%
- 6M
- 5.98%
- YTD
- 6.09%
- 1Y
- 26.17%
- 3Y*
- 9.36%
- 5Y*
- 5.10%
- 10Y*
- 10.18%
- ALL TIME*
- 12.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DLHIX vs. SHSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLHIX Delaware Healthcare Fund | 6.25% | 22.27% | 8.76% | 5.42% | -0.99% | 5.48% | 12.02% | 31.82% | -0.59% | 32.29% |
SHSSX Health Sciences Opportunities Fund Class Institutional | 6.09% | 16.13% | 4.00% | 3.86% | -5.72% | 12.17% | 19.54% | 25.63% | 8.24% | 25.02% |
Correlation
The correlation between DLHIX and SHSSX is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2007 | 0.89 |
The correlation between DLHIX and SHSSX has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.
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Return for Risk
DLHIX vs. SHSSX — Risk / Return Rank
DLHIX
SHSSX
DLHIX vs. SHSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Healthcare Fund (DLHIX) and Health Sciences Opportunities Fund Class Institutional (SHSSX). 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.
| DLHIX | SHSSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.28 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 2.48 | +0.60 |
| Martin ratioReturn relative to average drawdown | 8.84 | 5.94 | +2.90 |
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Drawdowns
DLHIX vs. SHSSX - Drawdown Comparison
The maximum DLHIX drawdown since its inception was -34.64%, roughly equal to the maximum SHSSX drawdown of -35.40%. Use the drawdown chart below to compare losses from any high point for DLHIX and SHSSX.
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Drawdown Indicators
| DLHIX | SHSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.64% | -35.40% | +0.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.30% | -9.83% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -19.79% | -15.95% | -3.84% |
Max Drawdown (5Y)Largest decline over 5 years | -19.79% | -17.90% | -1.89% |
Max Drawdown (10Y)Largest decline over 10 years | -25.60% | -28.34% | +2.74% |
Current DrawdownCurrent decline from peak | -1.96% | -1.75% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -5.97% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 4.09% | -0.52% |
Volatility
DLHIX vs. SHSSX - Volatility Comparison
The current volatility for Delaware Healthcare Fund (DLHIX) is 4.95%, while Health Sciences Opportunities Fund Class Institutional (SHSSX) has a volatility of 5.25%. This indicates that DLHIX experiences smaller price fluctuations and is considered to be less risky than SHSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLHIX | SHSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 5.25% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 12.41% | 11.73% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.93% | 14.94% | +1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.14% | 14.66% | +1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 16.60% | +1.31% |
DLHIX vs. SHSSX - Expense Ratio Comparison
DLHIX has a 0.98% expense ratio, which is higher than SHSSX's 0.84% expense ratio.
Dividends
DLHIX vs. SHSSX - Dividend Comparison
DLHIX's dividend yield for the trailing twelve months is around 10.50%, less than SHSSX's 14.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLHIX Delaware Healthcare Fund | 10.50% | 11.16% | 14.00% | 6.97% | 9.16% | 5.41% | 6.19% | 7.63% | 2.11% | 3.23% | 8.20% | 7.90% |
SHSSX Health Sciences Opportunities Fund Class Institutional | 14.09% | 9.90% | 8.68% | 3.82% | 7.20% | 8.96% | 4.18% | 3.87% | 8.44% | 3.59% | 2.33% | 12.29% |
Frequently Asked Questions
DLHIX and SHSSX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHSSX has higher volatility (5.25%) compared to DLHIX (4.95%). In terms of maximum drawdown, DLHIX dropped -34.64% vs SHSSX's -35.40%.
DLHIX currently has the higher Sharpe Ratio (1.87 vs 1.63), 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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