SBMBX vs. STPAX
SBMBX (Saratoga Energy & Basic Materials Fund) and STPAX (Saratoga Technology & Communications Portfolio) are both mutual funds - SBMBX is a Energy Equities fund managed by Saratoga, while STPAX is a Technology Equities fund managed by Saratoga. Over the past 10 years, SBMBX returned 2.08%/yr vs 16.56%/yr for STPAX. At a 0.50 correlation, their price movements are largely independent. SBMBX charges 3.30%/yr vs 2.53%/yr for STPAX.
Performance
SBMBX vs. STPAX - Performance Comparison
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Returns By Period
Over the past 10 years, SBMBX has underperformed STPAX with an annualized return of 2.08%, while STPAX has yielded a comparatively higher 16.56% annualized return.
SBMBX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 2.30%
- 3Y*
- 1.48%
- 5Y*
- 5.34%
- 10Y*
- 2.08%
STPAX
- 1D
- 1.92%
- 1M
- -0.54%
- YTD
- 8.15%
- 6M
- 7.57%
- 1Y
- 23.59%
- 3Y*
- 19.31%
- 5Y*
- 9.63%
- 10Y*
- 16.56%
SBMBX vs. STPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBMBX Saratoga Energy & Basic Materials Fund | 0.00% | 5.05% | -7.25% | 6.28% | 19.60% | 25.58% | -19.21% | -0.96% | -18.00% | 8.44% |
STPAX Saratoga Technology & Communications Portfolio | 8.15% | 16.20% | 20.02% | 45.01% | -31.89% | 16.54% | 26.75% | 45.00% | 0.06% | 27.77% |
Correlation
The correlation between SBMBX and STPAX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998 | 0.50 |
Over the past year, the correlation between SBMBX and STPAX has dropped to 0.08 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
SBMBX vs. STPAX — Risk / Return Rank
SBMBX
STPAX
SBMBX vs. STPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Energy & Basic Materials Fund (SBMBX) and Saratoga Technology & Communications Portfolio (STPAX). 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.
| SBMBX | STPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.23 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 1.44 | -0.98 |
| Martin ratioReturn relative to average drawdown | 0.89 | 4.72 | -3.83 |
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Drawdowns
SBMBX vs. STPAX - Drawdown Comparison
The maximum SBMBX drawdown since its inception was -74.35%, smaller than the maximum STPAX drawdown of -94.25%. Use the drawdown chart below to compare losses from any high point for SBMBX and STPAX.
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Drawdown Indicators
| SBMBX | STPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.35% | -94.25% | +19.90% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -15.49% | +9.83% |
Max Drawdown (3Y)Largest decline over 3 years | -25.34% | -22.78% | -2.56% |
Max Drawdown (5Y)Largest decline over 5 years | -26.66% | -37.07% | +10.41% |
Max Drawdown (10Y)Largest decline over 10 years | -65.48% | -37.07% | -28.41% |
Current DrawdownCurrent decline from peak | -31.22% | -4.17% | -27.05% |
Average DrawdownAverage peak-to-trough decline | -28.69% | -58.66% | +29.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 4.71% | -1.91% |
Volatility
SBMBX vs. STPAX - Volatility Comparison
The current volatility for Saratoga Energy & Basic Materials Fund (SBMBX) is 0.00%, while Saratoga Technology & Communications Portfolio (STPAX) has a volatility of 7.04%. This indicates that SBMBX experiences smaller price fluctuations and is considered to be less risky than STPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBMBX | STPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 7.04% | -7.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 14.02% | -10.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.32% | 17.47% | -7.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.60% | 21.83% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.03% | 22.11% | +1.92% |
SBMBX vs. STPAX - Expense Ratio Comparison
SBMBX has a 3.30% expense ratio, which is higher than STPAX's 2.53% expense ratio.
Dividends
SBMBX vs. STPAX - Dividend Comparison
SBMBX's dividend yield for the trailing twelve months is around 2.13%, less than STPAX's 15.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBMBX Saratoga Energy & Basic Materials Fund | 2.13% | 2.13% | 2.17% | 0.00% | 2.75% | 0.75% | 1.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
STPAX Saratoga Technology & Communications Portfolio | 15.99% | 17.30% | 13.90% | 7.63% | 22.55% | 13.94% | 14.21% | 12.52% | 4.84% | 8.32% | 9.28% | 12.58% |
Frequently Asked Questions
SBMBX and STPAX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STPAX has higher volatility (7.04%) compared to SBMBX (0.00%). In terms of maximum drawdown, SBMBX dropped -74.35% vs STPAX's -94.25%.
STPAX currently has the higher Sharpe Ratio (1.28 vs 0.25), 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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