SHPAX vs. FBTIX
Compare and contrast key facts about Saratoga Health & Biotechnology Fund (SHPAX) and Fidelity Advisor Biotechnology Fund I Class (FBTIX).
SHPAX is managed by Saratoga. It was launched on Jul 14, 1999. FBTIX is managed by Fidelity. It was launched on Dec 27, 2000.
Performance
SHPAX vs. FBTIX - Performance Comparison
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SHPAX vs. FBTIX - 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% |
FBTIX Fidelity Advisor Biotechnology Fund I Class | -2.62% | 39.91% | 5.63% | 11.02% | -7.74% | -2.86% | 32.53% | 26.11% | -3.61% | 26.15% |
Returns By Period
In the year-to-date period, SHPAX achieves a -1.13% return, which is significantly higher than FBTIX's -2.62% return. Over the past 10 years, SHPAX has underperformed FBTIX with an annualized return of 6.84%, while FBTIX has yielded a comparatively higher 11.60% 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%
FBTIX
- 1D
- -0.74%
- 1M
- -6.04%
- YTD
- -2.62%
- 6M
- 11.57%
- 1Y
- 43.10%
- 3Y*
- 18.79%
- 5Y*
- 8.22%
- 10Y*
- 11.60%
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SHPAX vs. FBTIX - Expense Ratio Comparison
SHPAX has a 2.90% expense ratio, which is higher than FBTIX's 0.73% expense ratio.
Return for Risk
SHPAX vs. FBTIX — Risk / Return Rank
SHPAX
FBTIX
SHPAX vs. FBTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Health & Biotechnology Fund (SHPAX) and Fidelity Advisor Biotechnology Fund I Class (FBTIX). 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 | FBTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 1.58 | -0.80 |
Sortino ratioReturn per unit of downside risk | 1.18 | 2.12 | -0.95 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.27 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.40 | -0.84 |
Martin ratioReturn relative to average drawdown | 4.30 | 9.76 | -5.46 |
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 | FBTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 1.58 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.36 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.47 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.32 | -0.02 |
Correlation
The correlation between SHPAX and FBTIX is 0.73, 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. FBTIX - Dividend Comparison
SHPAX's dividend yield for the trailing twelve months is around 3.70%, more than FBTIX's 1.42% 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% |
FBTIX Fidelity Advisor Biotechnology Fund I Class | 1.42% | 1.39% | 5.69% | 1.36% | 0.00% | 18.74% | 8.01% | 6.44% | 2.35% | 0.00% | 0.00% | 5.23% |
Drawdowns
SHPAX vs. FBTIX - Drawdown Comparison
The maximum SHPAX drawdown since its inception was -69.50%, which is greater than FBTIX's maximum drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for SHPAX and FBTIX.
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Drawdown Indicators
| SHPAX | FBTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.50% | -63.45% | -6.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -13.62% | +5.75% |
Max Drawdown (5Y)Largest decline over 5 years | -16.32% | -36.41% | +20.09% |
Max Drawdown (10Y)Largest decline over 10 years | -28.05% | -38.64% | +10.59% |
Current DrawdownCurrent decline from peak | -6.99% | -7.21% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -28.07% | -20.73% | -7.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 4.09% | -1.23% |
Volatility
SHPAX vs. FBTIX - Volatility Comparison
The current volatility for Saratoga Health & Biotechnology Fund (SHPAX) is 4.62%, while Fidelity Advisor Biotechnology Fund I Class (FBTIX) has a volatility of 7.77%. This indicates that SHPAX experiences smaller price fluctuations and is considered to be less risky than FBTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHPAX | FBTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 7.77% | -3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 16.36% | -6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.57% | 25.57% | -9.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.19% | 23.23% | -9.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 24.54% | -7.97% |