RYHIX vs. SHPAX
RYHIX (Rydex Health Care Fund) and SHPAX (Saratoga Health & Biotechnology Fund) are both Health & Biotech Equities funds. Over the past 10 years, RYHIX returned 8.66%/yr vs 6.76%/yr for SHPAX. Their correlation of 0.84 means they have usually moved in the same direction. RYHIX charges 1.35%/yr vs 2.90%/yr for SHPAX.
Performance
RYHIX vs. SHPAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with RYHIX having a 7.73% return and SHPAX slightly lower at 7.52%. Over the past 10 years, RYHIX has outperformed SHPAX with an annualized return of 8.66%, while SHPAX has yielded a comparatively lower 6.76% annualized return.
RYHIX
- 1D
- 0.30%
- 1M
- -1.53%
- 6M
- 7.46%
- YTD
- 7.73%
- 1Y
- 24.65%
- 3Y*
- 9.09%
- 5Y*
- 3.22%
- 10Y*
- 8.66%
- ALL TIME*
- 7.48%
SHPAX
- 1D
- 0.00%
- 1M
- -0.48%
- 6M
- 5.78%
- YTD
- 7.52%
- 1Y
- 26.07%
- 3Y*
- 9.43%
- 5Y*
- 5.51%
- 10Y*
- 6.76%
- ALL TIME*
- 6.53%
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 |
RYHIX vs. SHPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYHIX Rydex Health Care Fund | 7.73% | 14.42% | 0.61% | 5.84% | -11.59% | 19.27% | 18.84% | 22.77% | 1.56% | 23.48% |
SHPAX Saratoga Health & Biotechnology Fund | 7.52% | 17.43% | 0.26% | -0.36% | 1.93% | 16.71% | 3.52% | 27.67% | -5.30% | 11.78% |
Correlation
The correlation between RYHIX and SHPAX is 0.87, 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. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2000 | 0.84 |
The correlation between RYHIX and SHPAX has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
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Return for Risk
RYHIX vs. SHPAX — Risk / Return Rank
RYHIX
SHPAX
RYHIX vs. SHPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Health Care Fund (RYHIX) 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.
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.
| RYHIX | SHPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.97 | -0.62 |
| Martin ratioReturn relative to average drawdown | 6.38 | 7.60 | -1.22 |
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Drawdowns
RYHIX vs. SHPAX - Drawdown Comparison
The maximum RYHIX drawdown since its inception was -41.27%, smaller than the maximum SHPAX drawdown of -69.50%. Use the drawdown chart below to compare losses from any high point for RYHIX and SHPAX.
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Drawdown Indicators
| RYHIX | SHPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.27% | -69.50% | +28.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.31% | -9.33% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -17.46% | -16.32% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -22.83% | -16.32% | -6.51% |
Max Drawdown (10Y)Largest decline over 10 years | -29.03% | -28.05% | -0.98% |
Current DrawdownCurrent decline from peak | -1.94% | -2.26% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -8.62% | -27.77% | +19.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 3.64% | +0.51% |
Volatility
RYHIX vs. SHPAX - Volatility Comparison
The current volatility for Rydex Health Care Fund (RYHIX) is 4.41%, while Saratoga Health & Biotechnology Fund (SHPAX) has a volatility of 4.90%. This indicates that RYHIX 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
| RYHIX | SHPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 4.90% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 11.71% | 11.39% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.23% | 14.75% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 14.54% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.65% | 16.66% | +0.99% |
RYHIX vs. SHPAX - Expense Ratio Comparison
RYHIX has a 1.35% expense ratio, which is lower than SHPAX's 2.90% expense ratio.
Dividends
RYHIX vs. SHPAX - Dividend Comparison
RYHIX's dividend yield for the trailing twelve months is around 2.02%, less than SHPAX's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYHIX Rydex Health Care Fund | 2.02% | 2.18% | 0.00% | 0.00% | 1.64% | 3.19% | 8.81% | 0.00% | 1.76% | 9.17% | 13.88% | 6.39% |
SHPAX Saratoga Health & Biotechnology Fund | 3.41% | 3.66% | 1.35% | 5.38% | 6.34% | 3.76% | 13.82% | 13.24% | 22.00% | 17.98% | 12.52% | 10.70% |
Frequently Asked Questions
RYHIX and SHPAX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHPAX has higher volatility (4.90%) compared to RYHIX (4.41%). In terms of maximum drawdown, RYHIX dropped -41.27% vs SHPAX's -69.50%.
SHPAX currently has the higher Sharpe Ratio (1.88 vs 1.75), 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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