SHPAX vs. FHCIX
Compare and contrast key facts about Saratoga Health & Biotechnology Fund (SHPAX) and Fidelity Advisor Health Care Fund Class I (FHCIX).
SHPAX is managed by Saratoga. It was launched on Jul 14, 1999. FHCIX is managed by Fidelity. It was launched on Sep 3, 1996.
Performance
SHPAX vs. FHCIX - Performance Comparison
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SHPAX vs. FHCIX - 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% |
FHCIX Fidelity Advisor Health Care Fund Class I | -9.59% | 14.48% | 4.22% | 4.07% | -12.84% | 11.53% | 21.40% | 28.22% | 7.51% | 24.38% |
Returns By Period
In the year-to-date period, SHPAX achieves a -1.13% return, which is significantly higher than FHCIX's -9.59% return. Over the past 10 years, SHPAX has underperformed FHCIX with an annualized return of 6.84%, while FHCIX has yielded a comparatively higher 8.60% 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%
FHCIX
- 1D
- -0.71%
- 1M
- -9.50%
- YTD
- -9.59%
- 6M
- 0.23%
- 1Y
- 4.53%
- 3Y*
- 3.73%
- 5Y*
- 1.47%
- 10Y*
- 8.60%
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SHPAX vs. FHCIX - Expense Ratio Comparison
SHPAX has a 2.90% expense ratio, which is higher than FHCIX's 0.71% expense ratio.
Return for Risk
SHPAX vs. FHCIX — Risk / Return Rank
SHPAX
FHCIX
SHPAX vs. FHCIX - 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 I (FHCIX). 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 | FHCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 0.22 | +0.56 |
Sortino ratioReturn per unit of downside risk | 1.18 | 0.44 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.05 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 0.23 | +1.33 |
Martin ratioReturn relative to average drawdown | 4.30 | 0.69 | +3.61 |
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 | FHCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.22 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.08 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.46 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.57 | -0.27 |
Correlation
The correlation between SHPAX and FHCIX 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. FHCIX - Dividend Comparison
SHPAX's dividend yield for the trailing twelve months is around 3.70%, less than FHCIX's 12.78% 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% |
FHCIX Fidelity Advisor Health Care Fund Class I | 12.78% | 11.56% | 10.92% | 0.00% | 0.00% | 5.64% | 5.72% | 0.48% | 4.65% | 0.06% | 0.00% | 6.29% |
Drawdowns
SHPAX vs. FHCIX - Drawdown Comparison
The maximum SHPAX drawdown since its inception was -69.50%, which is greater than FHCIX's maximum drawdown of -44.75%. Use the drawdown chart below to compare losses from any high point for SHPAX and FHCIX.
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Drawdown Indicators
| SHPAX | FHCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.50% | -44.75% | -24.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -13.37% | +5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -16.32% | -29.24% | +12.92% |
Max Drawdown (10Y)Largest decline over 10 years | -28.05% | -29.24% | +1.19% |
Current DrawdownCurrent decline from peak | -6.99% | -13.37% | +6.38% |
Average DrawdownAverage peak-to-trough decline | -28.07% | -9.20% | -18.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 4.39% | -1.53% |
Volatility
SHPAX vs. FHCIX - Volatility Comparison
The current volatility for Saratoga Health & Biotechnology Fund (SHPAX) is 4.62%, while Fidelity Advisor Health Care Fund Class I (FHCIX) has a volatility of 5.59%. This indicates that SHPAX experiences smaller price fluctuations and is considered to be less risky than FHCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHPAX | FHCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 5.59% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 10.99% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.57% | 18.39% | -1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.19% | 17.69% | -3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 18.75% | -2.18% |