SHSAX vs. BDJ
SHSAX (BlackRock Health Sciences Opportunities Portfolio) and BDJ (BlackRock Enhanced Equity Dividend Fund) are both mutual funds - SHSAX is a Health & Biotech Equities fund managed by BlackRock, while BDJ is a Derivative Income fund managed by BlackRock. Over the past 10 years, SHSAX returned 10.05%/yr vs 10.51%/yr for BDJ. A 0.55 correlation means they provide meaningful diversification when combined. SHSAX charges 1.09%/yr vs 0.86%/yr for BDJ.
Performance
SHSAX vs. BDJ - Performance Comparison
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Returns By Period
In the year-to-date period, SHSAX achieves a -1.61% return, which is significantly lower than BDJ's 1.80% return. Both investments have delivered pretty close results over the past 10 years, with SHSAX having a 10.05% annualized return and BDJ not far ahead at 10.51%.
SHSAX
- 1D
- 1.37%
- 1M
- 1.76%
- YTD
- -1.61%
- 6M
- -2.20%
- 1Y
- 17.76%
- 3Y*
- 6.60%
- 5Y*
- 3.86%
- 10Y*
- 10.05%
BDJ
- 1D
- -0.43%
- 1M
- 1.65%
- YTD
- 1.80%
- 6M
- 3.32%
- 1Y
- 18.77%
- 3Y*
- 14.29%
- 5Y*
- 7.74%
- 10Y*
- 10.51%
SHSAX vs. BDJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHSAX BlackRock Health Sciences Opportunities Portfolio | -1.61% | 15.85% | 3.73% | 3.59% | -5.94% | 11.88% | 19.44% | 25.27% | 7.93% | 24.74% |
BDJ BlackRock Enhanced Equity Dividend Fund | 1.80% | 26.12% | 16.87% | -6.67% | 0.83% | 26.56% | -7.58% | 37.43% | -10.42% | 20.78% |
Correlation
The correlation between SHSAX and BDJ is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2005 | 0.55 |
The correlation between SHSAX and BDJ shifts across timeframes, from 0.41 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SHSAX vs. BDJ — Risk / Return Rank
SHSAX
BDJ
SHSAX vs. BDJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Health Sciences Opportunities Portfolio (SHSAX) and BlackRock Enhanced Equity Dividend Fund (BDJ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SHSAX | BDJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.27 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.54 | +0.29 |
| Martin ratioReturn relative to average drawdown | 4.39 | 5.59 | -1.20 |
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Drawdowns
SHSAX vs. BDJ - Drawdown Comparison
The maximum SHSAX drawdown since its inception was -35.49%, smaller than the maximum BDJ drawdown of -59.46%. Use the drawdown chart below to compare losses from any high point for SHSAX and BDJ.
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Drawdown Indicators
| SHSAX | BDJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.49% | -59.46% | +23.97% |
Max Drawdown (1Y)Largest decline over 1 year | -9.87% | -12.28% | +2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -16.08% | -15.70% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -17.99% | -21.39% | +3.40% |
Max Drawdown (10Y)Largest decline over 10 years | -28.36% | -48.14% | +19.78% |
Current DrawdownCurrent decline from peak | -4.44% | -1.80% | -2.64% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -8.94% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 3.37% | +0.72% |
Volatility
SHSAX vs. BDJ - Volatility Comparison
BlackRock Health Sciences Opportunities Portfolio (SHSAX) has a higher volatility of 5.09% compared to BlackRock Enhanced Equity Dividend Fund (BDJ) at 3.45%. This indicates that SHSAX's price experiences larger fluctuations and is considered to be riskier than BDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHSAX | BDJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 3.45% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 9.49% | +1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.22% | 12.18% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 16.11% | -1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 18.41% | -1.84% |
SHSAX vs. BDJ - Expense Ratio Comparison
SHSAX has a 1.09% expense ratio, which is higher than BDJ's 0.86% expense ratio.
Dividends
SHSAX vs. BDJ - Dividend Comparison
SHSAX's dividend yield for the trailing twelve months is around 10.81%, more than BDJ's 9.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDJ BlackRock Enhanced Equity Dividend Fund | 9.23% | 9.03% | 8.21% | 9.49% | 12.18% | 5.95% | 7.08% | 6.66% | 7.21% | 6.07% | 6.88% | 7.36% |
SHSAX BlackRock Health Sciences Opportunities Portfolio | 10.81% | 10.63% | 9.18% | 3.84% | 7.44% | 9.20% | 4.34% | 3.89% | 8.56% | 3.53% | 2.43% | 12.58% |
Frequently Asked Questions
SHSAX and BDJ have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHSAX has higher volatility (5.09%) compared to BDJ (3.45%). In terms of maximum drawdown, SHSAX dropped -35.49% vs BDJ's -59.46%.
BDJ currently has the higher Sharpe Ratio (1.55 vs 1.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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