SHSAX vs. FAMRX
SHSAX (BlackRock Health Sciences Opportunities Portfolio) and FAMRX (Fidelity Asset Manager 85% Fund) are both mutual funds - SHSAX is a Health & Biotech Equities fund managed by BlackRock, while FAMRX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, SHSAX returned 10.05%/yr vs 12.13%/yr for FAMRX. A 0.73 correlation means they provide meaningful diversification when combined. SHSAX charges 1.09%/yr vs 0.70%/yr for FAMRX.
Performance
SHSAX vs. FAMRX - 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 FAMRX's 14.17% return. Over the past 10 years, SHSAX has underperformed FAMRX with an annualized return of 10.05%, while FAMRX has yielded a comparatively higher 12.13% annualized return.
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%
FAMRX
- 1D
- -0.06%
- 1M
- 2.43%
- YTD
- 14.17%
- 6M
- 13.73%
- 1Y
- 29.75%
- 3Y*
- 18.98%
- 5Y*
- 9.75%
- 10Y*
- 12.13%
SHSAX vs. FAMRX - 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% |
FAMRX Fidelity Asset Manager 85% Fund | 14.17% | 20.87% | 12.60% | 18.98% | -18.55% | 17.10% | 19.37% | 26.26% | -9.21% | 21.08% |
Correlation
The correlation between SHSAX and FAMRX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2000 | 0.73 |
Over the past year, the correlation between SHSAX and FAMRX has dropped to 0.40 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
SHSAX vs. FAMRX — Risk / Return Rank
SHSAX
FAMRX
SHSAX vs. FAMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Health Sciences Opportunities Portfolio (SHSAX) and Fidelity Asset Manager 85% Fund (FAMRX). 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 | FAMRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.44 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 3.31 | -1.49 |
| Martin ratioReturn relative to average drawdown | 4.39 | 14.35 | -9.97 |
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Drawdowns
SHSAX vs. FAMRX - Drawdown Comparison
The maximum SHSAX drawdown since its inception was -35.49%, smaller than the maximum FAMRX drawdown of -58.65%. Use the drawdown chart below to compare losses from any high point for SHSAX and FAMRX.
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Drawdown Indicators
| SHSAX | FAMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.49% | -58.65% | +23.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.87% | -9.33% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -16.08% | -15.35% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -17.99% | -26.00% | +8.01% |
Max Drawdown (10Y)Largest decline over 10 years | -28.36% | -30.96% | +2.60% |
Current DrawdownCurrent decline from peak | -4.44% | -0.06% | -4.38% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -12.30% | +6.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 2.15% | +1.94% |
Volatility
SHSAX vs. FAMRX - Volatility Comparison
The current volatility for BlackRock Health Sciences Opportunities Portfolio (SHSAX) is 5.09%, while Fidelity Asset Manager 85% Fund (FAMRX) has a volatility of 5.36%. This indicates that SHSAX experiences smaller price fluctuations and is considered to be less risky than FAMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHSAX | FAMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 5.36% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 10.97% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.22% | 13.13% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 14.78% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 15.33% | +1.24% |
SHSAX vs. FAMRX - Expense Ratio Comparison
SHSAX has a 1.09% expense ratio, which is higher than FAMRX's 0.70% expense ratio.
Dividends
SHSAX vs. FAMRX - Dividend Comparison
SHSAX's dividend yield for the trailing twelve months is around 10.81%, more than FAMRX's 4.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAMRX Fidelity Asset Manager 85% Fund | 4.87% | 5.56% | 3.44% | 1.33% | 5.07% | 3.15% | 1.99% | 5.52% | 5.62% | 2.31% | 0.28% | 4.83% |
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 FAMRX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAMRX has higher volatility (5.36%) compared to SHSAX (5.09%). In terms of maximum drawdown, SHSAX dropped -35.49% vs FAMRX's -58.65%.
FAMRX currently has the higher Sharpe Ratio (2.36 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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