SFPAX vs. WFSPX
Compare and contrast key facts about Saratoga Financial Service Fund (SFPAX) and iShares S&P 500 Index Fund (WFSPX).
SFPAX is managed by BlackRock. It was launched on Aug 1, 2000. WFSPX is a passively managed fund by BlackRock that tracks the performance of the S&P 500 Index. It was launched on Jul 30, 1993.
Performance
SFPAX vs. WFSPX - Performance Comparison
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SFPAX vs. WFSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SFPAX Saratoga Financial Service Fund | 0.00% | 7.00% | 26.05% | 10.58% | -14.36% | 31.17% | -5.81% | 29.63% | -19.23% | 19.28% |
WFSPX iShares S&P 500 Index Fund | -4.63% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 21.27% |
Returns By Period
Over the past 10 years, SFPAX has underperformed WFSPX with an annualized return of 9.11%, while WFSPX has yielded a comparatively higher 13.92% annualized return.
SFPAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -0.90%
- 1Y
- 6.89%
- 3Y*
- 16.47%
- 5Y*
- 7.29%
- 10Y*
- 9.11%
WFSPX
- 1D
- 2.62%
- 1M
- -5.31%
- YTD
- -4.63%
- 6M
- -2.47%
- 1Y
- 16.96%
- 3Y*
- 18.15%
- 5Y*
- 11.69%
- 10Y*
- 13.92%
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SFPAX vs. WFSPX - Expense Ratio Comparison
SFPAX has a 3.81% expense ratio, which is higher than WFSPX's 0.03% expense ratio.
Return for Risk
SFPAX vs. WFSPX — Risk / Return Rank
SFPAX
WFSPX
SFPAX vs. WFSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Financial Service Fund (SFPAX) and iShares S&P 500 Index Fund (WFSPX). 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.
| SFPAX | WFSPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.43 | 0.96 | -0.53 |
Sortino ratioReturn per unit of downside risk | 0.68 | 1.47 | -0.79 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.22 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.49 | -0.92 |
Martin ratioReturn relative to average drawdown | 2.51 | 7.15 | -4.65 |
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
| SFPAX | WFSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 0.96 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.70 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.78 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.13 | +0.01 |
Correlation
The correlation between SFPAX and WFSPX is 0.82, 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
SFPAX vs. WFSPX - Dividend Comparison
SFPAX has not paid dividends to shareholders, while WFSPX's dividend yield for the trailing twelve months is around 1.54%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SFPAX Saratoga Financial Service Fund | 0.00% | 0.00% | 5.91% | 5.05% | 5.71% | 5.03% | 4.18% | 7.10% | 22.58% | 0.00% | 0.00% | 0.00% |
WFSPX iShares S&P 500 Index Fund | 1.54% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Drawdowns
SFPAX vs. WFSPX - Drawdown Comparison
The maximum SFPAX drawdown since its inception was -71.98%, which is greater than WFSPX's maximum drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for SFPAX and WFSPX.
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Drawdown Indicators
| SFPAX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.98% | -58.21% | -13.77% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -12.11% | -1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -24.51% | -3.00% |
Max Drawdown (10Y)Largest decline over 10 years | -45.64% | -33.74% | -11.90% |
Current DrawdownCurrent decline from peak | -2.65% | -6.51% | +3.86% |
Average DrawdownAverage peak-to-trough decline | -21.06% | -12.84% | -8.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.53% | +0.60% |
Volatility
SFPAX vs. WFSPX - Volatility Comparison
The current volatility for Saratoga Financial Service Fund (SFPAX) is 0.00%, while iShares S&P 500 Index Fund (WFSPX) has a volatility of 5.17%. This indicates that SFPAX experiences smaller price fluctuations and is considered to be less risky than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SFPAX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 5.17% | -5.17% |
Volatility (6M)Calculated over the trailing 6-month period | 6.73% | 9.44% | -2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.59% | 18.21% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.06% | 16.88% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.67% | 18.00% | +4.67% |