SHPAX vs. FBDIX
Compare and contrast key facts about Saratoga Health & Biotechnology Fund (SHPAX) and Franklin Biotechnology Discovery Fund (FBDIX).
SHPAX is managed by Saratoga. It was launched on Jul 14, 1999. FBDIX is managed by Franklin Templeton. It was launched on Sep 14, 1997.
Performance
SHPAX vs. FBDIX - Performance Comparison
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SHPAX vs. FBDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FBDIX Franklin Biotechnology Discovery Fund | -3.29% | 52.68% | 15.37% | 18.40% | -12.65% | -27.58% | 29.85% | 49.11% | -15.77% | 18.83% |
Returns By Period
In the year-to-date period, SHPAX achieves a -1.13% return, which is significantly higher than FBDIX's -3.29% return. Over the past 10 years, SHPAX has underperformed FBDIX with an annualized return of 6.84%, while FBDIX has yielded a comparatively higher 10.22% annualized return.
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%
FBDIX
- 1D
- -0.30%
- 1M
- -6.49%
- YTD
- -3.29%
- 6M
- 19.63%
- 1Y
- 54.72%
- 3Y*
- 25.99%
- 5Y*
- 6.18%
- 10Y*
- 10.22%
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SHPAX vs. FBDIX - Expense Ratio Comparison
SHPAX has a 2.90% expense ratio, which is higher than FBDIX's 1.06% expense ratio.
Return for Risk
SHPAX vs. FBDIX — Risk / Return Rank
SHPAX
FBDIX
SHPAX vs. FBDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Health & Biotechnology Fund (SHPAX) and Franklin Biotechnology Discovery Fund (FBDIX). 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 | FBDIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 1.99 | -1.21 |
Sortino ratioReturn per unit of downside risk | 1.18 | 2.59 | -1.41 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.33 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 3.04 | -1.48 |
Martin ratioReturn relative to average drawdown | 4.30 | 12.26 | -7.96 |
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 | FBDIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 1.99 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.24 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.39 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.40 | -0.10 |
Correlation
The correlation between SHPAX and FBDIX is 0.75, 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. FBDIX - Dividend Comparison
SHPAX's dividend yield for the trailing twelve months is around 3.70%, less than FBDIX's 11.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FBDIX Franklin Biotechnology Discovery Fund | 11.18% | 10.81% | 19.53% | 0.00% | 0.13% | 0.98% | 14.50% | 18.77% | 3.72% | 2.39% | 4.57% | 8.42% |
Drawdowns
SHPAX vs. FBDIX - Drawdown Comparison
The maximum SHPAX drawdown since its inception was -69.50%, roughly equal to the maximum FBDIX drawdown of -71.44%. Use the drawdown chart below to compare losses from any high point for SHPAX and FBDIX.
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Drawdown Indicators
| SHPAX | FBDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.50% | -71.44% | +1.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -12.39% | +4.52% |
Max Drawdown (5Y)Largest decline over 5 years | -16.32% | -46.83% | +30.51% |
Max Drawdown (10Y)Largest decline over 10 years | -28.05% | -53.67% | +25.62% |
Current DrawdownCurrent decline from peak | -6.99% | -7.38% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -28.07% | -28.90% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 3.98% | -1.12% |
Volatility
SHPAX vs. FBDIX - Volatility Comparison
The current volatility for Saratoga Health & Biotechnology Fund (SHPAX) is 4.62%, while Franklin Biotechnology Discovery Fund (FBDIX) has a volatility of 7.62%. This indicates that SHPAX experiences smaller price fluctuations and is considered to be less risky than FBDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHPAX | FBDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 7.62% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 15.74% | -5.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.57% | 25.50% | -8.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.19% | 25.47% | -11.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 26.35% | -9.78% |