SHSAX vs. FBTAX
Compare and contrast key facts about BlackRock Health Sciences Opportunities Portfolio (SHSAX) and Fidelity Advisor Biotechnology Fund Class A (FBTAX).
SHSAX is managed by BlackRock. It was launched on Dec 20, 1999. FBTAX is managed by Fidelity. It was launched on Dec 27, 2000.
Performance
SHSAX vs. FBTAX - Performance Comparison
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SHSAX vs. FBTAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHSAX BlackRock Health Sciences Opportunities Portfolio | -4.62% | 15.85% | 3.73% | 3.59% | -5.94% | 11.88% | 19.44% | 25.27% | 7.93% | 24.74% |
FBTAX Fidelity Advisor Biotechnology Fund Class A | 2.24% | 39.54% | 5.37% | 10.70% | -7.95% | -3.10% | 32.17% | 25.74% | -3.86% | 25.80% |
Returns By Period
In the year-to-date period, SHSAX achieves a -4.62% return, which is significantly lower than FBTAX's 2.24% return. Over the past 10 years, SHSAX has underperformed FBTAX with an annualized return of 9.98%, while FBTAX has yielded a comparatively higher 11.86% annualized return.
SHSAX
- 1D
- 2.49%
- 1M
- -6.01%
- YTD
- -4.62%
- 6M
- 4.34%
- 1Y
- 8.48%
- 3Y*
- 6.77%
- 5Y*
- 4.48%
- 10Y*
- 9.98%
FBTAX
- 1D
- 5.08%
- 1M
- -0.75%
- YTD
- 2.24%
- 6M
- 15.54%
- 1Y
- 55.40%
- 3Y*
- 20.44%
- 5Y*
- 8.92%
- 10Y*
- 11.86%
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SHSAX vs. FBTAX - Expense Ratio Comparison
SHSAX has a 1.09% expense ratio, which is higher than FBTAX's 1.00% expense ratio.
Return for Risk
SHSAX vs. FBTAX — Risk / Return Rank
SHSAX
FBTAX
SHSAX vs. FBTAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Health Sciences Opportunities Portfolio (SHSAX) and Fidelity Advisor Biotechnology Fund Class A (FBTAX). 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.
| SHSAX | FBTAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | 1.94 | -1.53 |
Sortino ratioReturn per unit of downside risk | 0.68 | 2.53 | -1.85 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.33 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 0.72 | 3.16 | -2.44 |
Martin ratioReturn relative to average drawdown | 1.68 | 12.63 | -10.95 |
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
| SHSAX | FBTAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 1.94 | -1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.38 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.48 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.31 | +0.41 |
Correlation
The correlation between SHSAX and FBTAX is 0.81, 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
SHSAX vs. FBTAX - Dividend Comparison
SHSAX's dividend yield for the trailing twelve months is around 11.15%, more than FBTAX's 1.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHSAX BlackRock Health Sciences Opportunities Portfolio | 11.15% | 10.63% | 9.18% | 3.84% | 7.44% | 9.20% | 4.34% | 3.89% | 8.56% | 3.53% | 2.43% | 12.58% |
FBTAX Fidelity Advisor Biotechnology Fund Class A | 1.42% | 1.45% | 6.00% | 1.15% | 0.00% | 20.12% | 8.37% | 6.77% | 2.50% | 0.00% | 0.00% | 5.36% |
Drawdowns
SHSAX vs. FBTAX - Drawdown Comparison
The maximum SHSAX drawdown since its inception was -35.49%, smaller than the maximum FBTAX drawdown of -63.55%. Use the drawdown chart below to compare losses from any high point for SHSAX and FBTAX.
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Drawdown Indicators
| SHSAX | FBTAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.49% | -63.55% | +28.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.87% | -13.60% | +3.73% |
Max Drawdown (5Y)Largest decline over 5 years | -17.99% | -36.51% | +18.52% |
Max Drawdown (10Y)Largest decline over 10 years | -28.36% | -38.82% | +10.46% |
Current DrawdownCurrent decline from peak | -7.37% | -2.54% | -4.83% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -21.34% | +15.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 3.71% | +0.52% |
Volatility
SHSAX vs. FBTAX - Volatility Comparison
The current volatility for BlackRock Health Sciences Opportunities Portfolio (SHSAX) is 5.41%, while Fidelity Advisor Biotechnology Fund Class A (FBTAX) has a volatility of 9.36%. This indicates that SHSAX experiences smaller price fluctuations and is considered to be less risky than FBTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHSAX | FBTAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 9.36% | -3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 17.00% | -6.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.45% | 26.00% | -9.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 23.32% | -9.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 24.59% | -8.05% |