HIAHX vs. SHSAX
HIAHX (Hartford Healthcare HLS Fund) and SHSAX (BlackRock Health Sciences Opportunities Portfolio) are both Health & Biotech Equities funds. Over the past 10 years, HIAHX returned 8.40%/yr vs 9.67%/yr for SHSAX. Their correlation of 0.93 suggests significant overlap in exposure. HIAHX charges 0.91%/yr vs 1.09%/yr for SHSAX.
Performance
HIAHX vs. SHSAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HIAHX achieves a -1.51% return, which is significantly higher than SHSAX's -2.94% return. Over the past 10 years, HIAHX has underperformed SHSAX with an annualized return of 8.40%, while SHSAX has yielded a comparatively higher 9.67% annualized return.
HIAHX
- 1D
- -0.34%
- 1M
- 0.51%
- YTD
- -1.51%
- 6M
- -2.06%
- 1Y
- 22.63%
- 3Y*
- 5.57%
- 5Y*
- 1.76%
- 10Y*
- 8.40%
SHSAX
- 1D
- -0.65%
- 1M
- 0.38%
- YTD
- -2.94%
- 6M
- -3.69%
- 1Y
- 16.32%
- 3Y*
- 6.12%
- 5Y*
- 3.78%
- 10Y*
- 9.67%
HIAHX vs. SHSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIAHX Hartford Healthcare HLS Fund | -1.51% | 15.99% | 0.39% | 4.12% | -12.03% | 10.07% | 22.38% | 33.77% | -2.79% | 22.39% |
SHSAX BlackRock Health Sciences Opportunities Portfolio | -2.94% | 15.85% | 3.73% | 3.59% | -5.94% | 11.88% | 19.44% | 25.27% | 7.93% | 24.74% |
Correlation
The correlation between HIAHX and SHSAX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2000 | 0.93 |
The correlation between HIAHX and SHSAX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HIAHX vs. SHSAX — Risk / Return Rank
HIAHX
SHSAX
HIAHX vs. SHSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Healthcare HLS Fund (HIAHX) and BlackRock Health Sciences Opportunities Portfolio (SHSAX). 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.
| HIAHX | SHSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.62 | +0.42 |
| Martin ratioReturn relative to average drawdown | 5.53 | 3.91 | +1.63 |
Loading charts...
Drawdowns
HIAHX vs. SHSAX - Drawdown Comparison
The maximum HIAHX drawdown since its inception was -42.85%, which is greater than SHSAX's maximum drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for HIAHX and SHSAX.
Loading charts...
Drawdown Indicators
| HIAHX | SHSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.85% | -35.49% | -7.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -9.87% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -22.41% | -16.08% | -6.33% |
Max Drawdown (5Y)Largest decline over 5 years | -25.34% | -17.99% | -7.35% |
Max Drawdown (10Y)Largest decline over 10 years | -28.64% | -28.36% | -0.28% |
Current DrawdownCurrent decline from peak | -4.40% | -5.73% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -6.17% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 4.08% | -0.11% |
Volatility
HIAHX vs. SHSAX - Volatility Comparison
Hartford Healthcare HLS Fund (HIAHX) and BlackRock Health Sciences Opportunities Portfolio (SHSAX) have volatilities of 5.03% and 4.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HIAHX | SHSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 4.95% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.00% | 10.65% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 14.14% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.92% | 14.44% | +1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.68% | 16.56% | +1.12% |
HIAHX vs. SHSAX - Expense Ratio Comparison
HIAHX has a 0.91% expense ratio, which is lower than SHSAX's 1.09% expense ratio.
Dividends
HIAHX vs. SHSAX - Dividend Comparison
HIAHX's dividend yield for the trailing twelve months is around 5.34%, less than SHSAX's 10.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIAHX Hartford Healthcare HLS Fund | 5.34% | 5.26% | 0.80% | 1.75% | 28.95% | 11.61% | 19.34% | 13.63% | 7.16% | 16.48% | 30.28% | 12.48% |
SHSAX BlackRock Health Sciences Opportunities Portfolio | 10.96% | 10.63% | 9.18% | 3.84% | 7.44% | 9.20% | 4.34% | 3.89% | 8.56% | 3.53% | 2.43% | 12.58% |
Frequently Asked Questions
With a correlation of 0.97, HIAHX and SHSAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
HIAHX has higher volatility (5.03%) compared to SHSAX (4.95%). In terms of maximum drawdown, HIAHX dropped -42.85% vs SHSAX's -35.49%.
HIAHX currently has the higher Sharpe Ratio (1.44 vs 1.13), 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.
Find the right allocation for HIAHX and SHSAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer