PHSTX vs. SHPAX
Compare and contrast key facts about Putnam Global Health Care Fund (PHSTX) and Saratoga Health & Biotechnology Fund (SHPAX).
PHSTX is managed by Putnam. It was launched on May 27, 1982. SHPAX is managed by Saratoga. It was launched on Jul 14, 1999.
Performance
PHSTX vs. SHPAX - Performance Comparison
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PHSTX vs. SHPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHSTX Putnam Global Health Care Fund | -5.20% | 15.20% | 1.35% | 9.11% | -4.88% | 19.60% | 15.94% | 30.26% | -0.76% | 15.30% |
SHPAX Saratoga Health & Biotechnology Fund | -1.13% | 17.43% | 0.26% | -0.36% | 1.93% | 16.71% | 3.52% | 27.67% | -5.30% | 11.78% |
Returns By Period
In the year-to-date period, PHSTX achieves a -5.20% return, which is significantly lower than SHPAX's -1.13% return. Over the past 10 years, PHSTX has outperformed SHPAX with an annualized return of 8.86%, while SHPAX has yielded a comparatively lower 6.84% annualized return.
PHSTX
- 1D
- 0.66%
- 1M
- -9.12%
- YTD
- -5.20%
- 6M
- 5.37%
- 1Y
- 3.92%
- 3Y*
- 7.27%
- 5Y*
- 6.39%
- 10Y*
- 8.86%
SHPAX
- 1D
- 0.96%
- 1M
- -6.99%
- YTD
- -1.13%
- 6M
- 10.24%
- 1Y
- 12.17%
- 3Y*
- 6.93%
- 5Y*
- 5.73%
- 10Y*
- 6.84%
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PHSTX vs. SHPAX - Expense Ratio Comparison
PHSTX has a 1.05% expense ratio, which is lower than SHPAX's 2.90% expense ratio.
Return for Risk
PHSTX vs. SHPAX — Risk / Return Rank
PHSTX
SHPAX
PHSTX vs. SHPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Global Health Care Fund (PHSTX) and Saratoga Health & Biotechnology Fund (SHPAX). 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.
| PHSTX | SHPAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.24 | 0.78 | -0.53 |
Sortino ratioReturn per unit of downside risk | 0.45 | 1.18 | -0.73 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.15 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.35 | 1.56 | -1.21 |
Martin ratioReturn relative to average drawdown | 0.82 | 4.30 | -3.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PHSTX | SHPAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.78 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.41 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.41 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.30 | +0.31 |
Correlation
The correlation between PHSTX and SHPAX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PHSTX vs. SHPAX - Dividend Comparison
PHSTX's dividend yield for the trailing twelve months is around 1.88%, less than SHPAX's 3.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHSTX Putnam Global Health Care Fund | 1.88% | 1.79% | 4.92% | 5.62% | 7.82% | 11.98% | 9.58% | 5.72% | 6.82% | 17.31% | 10.65% | 13.06% |
SHPAX Saratoga Health & Biotechnology Fund | 3.70% | 3.66% | 1.35% | 5.38% | 6.34% | 3.76% | 13.82% | 13.24% | 22.00% | 17.98% | 12.52% | 10.70% |
Drawdowns
PHSTX vs. SHPAX - Drawdown Comparison
The maximum PHSTX drawdown since its inception was -45.51%, smaller than the maximum SHPAX drawdown of -69.50%. Use the drawdown chart below to compare losses from any high point for PHSTX and SHPAX.
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Drawdown Indicators
| PHSTX | SHPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.51% | -69.50% | +23.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -7.87% | -2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -20.71% | -16.32% | -4.39% |
Max Drawdown (10Y)Largest decline over 10 years | -25.51% | -28.05% | +2.54% |
Current DrawdownCurrent decline from peak | -9.12% | -6.99% | -2.13% |
Average DrawdownAverage peak-to-trough decline | -9.93% | -28.07% | +18.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.74% | 2.86% | +1.88% |
Volatility
PHSTX vs. SHPAX - Volatility Comparison
The current volatility for Putnam Global Health Care Fund (PHSTX) is 4.25%, while Saratoga Health & Biotechnology Fund (SHPAX) has a volatility of 4.62%. This indicates that PHSTX experiences smaller price fluctuations and is considered to be less risky than SHPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHSTX | SHPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 4.62% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 9.76% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.72% | 16.57% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 14.19% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.79% | 16.57% | -0.78% |