SHPAX vs. FACDX
Compare and contrast key facts about Saratoga Health & Biotechnology Fund (SHPAX) and Fidelity Advisor Health Care Fund Class A (FACDX).
SHPAX is managed by Saratoga. It was launched on Jul 14, 1999. FACDX is managed by Fidelity. It was launched on Sep 3, 1996.
Performance
SHPAX vs. FACDX - Performance Comparison
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SHPAX vs. FACDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHPAX Saratoga Health & Biotechnology Fund | 0.66% | 17.43% | 0.26% | -0.36% | 1.93% | 16.71% | 3.52% | 27.67% | -5.30% | 11.78% |
FACDX Fidelity Advisor Health Care Fund Class A | -6.09% | 14.19% | 3.97% | 3.81% | -13.07% | 11.25% | 21.07% | 27.89% | 7.20% | 24.09% |
Returns By Period
In the year-to-date period, SHPAX achieves a 0.66% return, which is significantly higher than FACDX's -6.09% return. Over the past 10 years, SHPAX has underperformed FACDX with an annualized return of 7.03%, while FACDX has yielded a comparatively higher 8.73% annualized return.
SHPAX
- 1D
- 1.81%
- 1M
- -5.10%
- YTD
- 0.66%
- 6M
- 9.79%
- 1Y
- 15.26%
- 3Y*
- 7.57%
- 5Y*
- 5.93%
- 10Y*
- 7.03%
FACDX
- 1D
- 3.94%
- 1M
- -5.35%
- YTD
- -6.09%
- 6M
- 2.89%
- 1Y
- 9.91%
- 3Y*
- 4.81%
- 5Y*
- 1.94%
- 10Y*
- 8.73%
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SHPAX vs. FACDX - Expense Ratio Comparison
SHPAX has a 2.90% expense ratio, which is higher than FACDX's 0.97% expense ratio.
Return for Risk
SHPAX vs. FACDX — Risk / Return Rank
SHPAX
FACDX
SHPAX vs. FACDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Health & Biotechnology Fund (SHPAX) and Fidelity Advisor Health Care Fund Class A (FACDX). 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.
| SHPAX | FACDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.45 | +0.41 |
Sortino ratioReturn per unit of downside risk | 1.28 | 0.76 | +0.52 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.09 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 0.59 | +1.30 |
Martin ratioReturn relative to average drawdown | 5.16 | 1.82 | +3.34 |
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
| SHPAX | FACDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.45 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.11 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.47 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.57 | -0.26 |
Correlation
The correlation between SHPAX and FACDX 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
SHPAX vs. FACDX - Dividend Comparison
SHPAX's dividend yield for the trailing twelve months is around 3.64%, less than FACDX's 14.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHPAX Saratoga Health & Biotechnology Fund | 3.64% | 3.66% | 1.35% | 5.38% | 6.34% | 3.76% | 13.82% | 13.24% | 22.00% | 17.98% | 12.52% | 10.70% |
FACDX Fidelity Advisor Health Care Fund Class A | 14.15% | 13.28% | 12.33% | 0.00% | 0.00% | 6.24% | 5.94% | 0.32% | 5.08% | 0.00% | 0.00% | 6.66% |
Drawdowns
SHPAX vs. FACDX - Drawdown Comparison
The maximum SHPAX drawdown since its inception was -69.50%, which is greater than FACDX's maximum drawdown of -44.55%. Use the drawdown chart below to compare losses from any high point for SHPAX and FACDX.
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Drawdown Indicators
| SHPAX | FACDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.50% | -44.55% | -24.95% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -13.43% | +5.56% |
Max Drawdown (5Y)Largest decline over 5 years | -16.32% | -29.35% | +13.03% |
Max Drawdown (10Y)Largest decline over 10 years | -28.05% | -29.35% | +1.30% |
Current DrawdownCurrent decline from peak | -5.31% | -10.01% | +4.70% |
Average DrawdownAverage peak-to-trough decline | -28.07% | -9.36% | -18.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 4.31% | -1.43% |
Volatility
SHPAX vs. FACDX - Volatility Comparison
The current volatility for Saratoga Health & Biotechnology Fund (SHPAX) is 5.09%, while Fidelity Advisor Health Care Fund Class A (FACDX) has a volatility of 7.07%. This indicates that SHPAX experiences smaller price fluctuations and is considered to be less risky than FACDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHPAX | FACDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 7.07% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 9.90% | 11.62% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.63% | 18.76% | -2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 17.76% | -3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 18.79% | -2.22% |