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SHSAX vs. ALARX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SHSAX and ALARX is 0.74, 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.


-0.50.00.51.00.7

Performance

SHSAX vs. ALARX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Health Sciences Opportunities Portfolio (SHSAX) and Alger Capital Appreciation Institutional Fund (ALARX). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%AugustSeptemberOctoberNovemberDecember
-12.35%
3.61%
SHSAX
ALARX

Key characteristics

Sharpe Ratio

SHSAX:

-0.34

ALARX:

1.42

Sortino Ratio

SHSAX:

-0.33

ALARX:

1.76

Omega Ratio

SHSAX:

0.95

ALARX:

1.28

Calmar Ratio

SHSAX:

-0.20

ALARX:

0.89

Martin Ratio

SHSAX:

-0.97

ALARX:

7.25

Ulcer Index

SHSAX:

4.63%

ALARX:

4.67%

Daily Std Dev

SHSAX:

13.42%

ALARX:

23.88%

Max Drawdown

SHSAX:

-39.26%

ALARX:

-69.38%

Current Drawdown

SHSAX:

-22.08%

ALARX:

-14.42%

Returns By Period

In the year-to-date period, SHSAX achieves a -4.57% return, which is significantly lower than ALARX's 34.36% return. Over the past 10 years, SHSAX has underperformed ALARX with an annualized return of 2.57%, while ALARX has yielded a comparatively higher 5.21% annualized return.


SHSAX

YTD

-4.57%

1M

-10.78%

6M

-12.35%

1Y

-4.57%

5Y*

-0.56%

10Y*

2.57%

ALARX

YTD

34.36%

1M

-10.06%

6M

3.61%

1Y

34.36%

5Y*

5.23%

10Y*

5.21%

*Annualized

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Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


SHSAX vs. ALARX - Expense Ratio Comparison

SHSAX has a 1.09% expense ratio, which is lower than ALARX's 1.12% expense ratio.


ALARX
Alger Capital Appreciation Institutional Fund
Expense ratio chart for ALARX: current value at 1.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.12%
Expense ratio chart for SHSAX: current value at 1.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.09%

Risk-Adjusted Performance

SHSAX vs. ALARX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Health Sciences Opportunities Portfolio (SHSAX) and Alger Capital Appreciation Institutional Fund (ALARX). 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.


Sharpe ratio
The chart of Sharpe ratio for SHSAX, currently valued at -0.34, compared to the broader market-1.000.001.002.003.00-0.341.42
The chart of Sortino ratio for SHSAX, currently valued at -0.33, compared to the broader market-2.000.002.004.006.008.00-0.331.76
The chart of Omega ratio for SHSAX, currently valued at 0.95, compared to the broader market0.501.001.502.002.503.000.951.28
The chart of Calmar ratio for SHSAX, currently valued at -0.20, compared to the broader market0.002.004.006.008.0010.0012.00-0.200.89
The chart of Martin ratio for SHSAX, currently valued at -0.97, compared to the broader market0.0010.0020.0030.0040.0050.00-0.977.25
SHSAX
ALARX

The current SHSAX Sharpe Ratio is -0.34, which is lower than the ALARX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of SHSAX and ALARX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50AugustSeptemberOctoberNovemberDecember
-0.34
1.42
SHSAX
ALARX

Dividends

SHSAX vs. ALARX - Dividend Comparison

Neither SHSAX nor ALARX has paid dividends to shareholders.


TTM2023202220212020201920182017201620152014
SHSAX
BlackRock Health Sciences Opportunities Portfolio
0.00%0.26%0.34%0.00%0.00%0.30%0.11%0.00%0.00%1.38%0.04%
ALARX
Alger Capital Appreciation Institutional Fund
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

SHSAX vs. ALARX - Drawdown Comparison

The maximum SHSAX drawdown since its inception was -39.26%, smaller than the maximum ALARX drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for SHSAX and ALARX. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%AugustSeptemberOctoberNovemberDecember
-22.08%
-14.42%
SHSAX
ALARX

Volatility

SHSAX vs. ALARX - Volatility Comparison

The current volatility for BlackRock Health Sciences Opportunities Portfolio (SHSAX) is 6.34%, while Alger Capital Appreciation Institutional Fund (ALARX) has a volatility of 14.45%. This indicates that SHSAX experiences smaller price fluctuations and is considered to be less risky than ALARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%AugustSeptemberOctoberNovemberDecember
6.34%
14.45%
SHSAX
ALARX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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