SHSAX vs. SHSSX
Compare and contrast key facts about BlackRock Health Sciences Opportunities Portfolio (SHSAX) and Health Sciences Opportunities Fund Class Institutional (SHSSX).
SHSAX is managed by BlackRock. It was launched on Dec 20, 1999. SHSSX is a passively managed fund by BlackRock that tracks the performance of the Russell 3000 HealthCare Index. It was launched on Oct 16, 2000.
Performance
SHSAX vs. SHSSX - Performance Comparison
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SHSAX vs. SHSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHSAX BlackRock Health Sciences Opportunities Portfolio | -6.94% | 15.85% | 3.73% | 3.59% | -5.94% | 11.88% | 19.44% | 25.27% | 7.93% | 24.74% |
SHSSX Health Sciences Opportunities Fund Class Institutional | -6.87% | 16.13% | 4.00% | 3.86% | -5.72% | 12.17% | 19.54% | 25.63% | 8.24% | 25.02% |
Returns By Period
The year-to-date returns for both investments are quite close, with SHSAX having a -6.94% return and SHSSX slightly higher at -6.87%. Both investments have delivered pretty close results over the past 10 years, with SHSAX having a 9.71% annualized return and SHSSX not far ahead at 9.97%.
SHSAX
- 1D
- 0.28%
- 1M
- -9.11%
- YTD
- -6.94%
- 6M
- 3.97%
- 1Y
- 4.06%
- 3Y*
- 5.89%
- 5Y*
- 4.02%
- 10Y*
- 9.71%
SHSSX
- 1D
- 0.31%
- 1M
- -9.09%
- YTD
- -6.87%
- 6M
- 4.09%
- 1Y
- 4.34%
- 3Y*
- 6.17%
- 5Y*
- 4.28%
- 10Y*
- 9.97%
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SHSAX vs. SHSSX - Expense Ratio Comparison
SHSAX has a 1.09% expense ratio, which is higher than SHSSX's 0.84% expense ratio.
Return for Risk
SHSAX vs. SHSSX — Risk / Return Rank
SHSAX
SHSSX
SHSAX vs. SHSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Health Sciences Opportunities Portfolio (SHSAX) and Health Sciences Opportunities Fund Class Institutional (SHSSX). 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 | SHSSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.28 | 0.29 | -0.02 |
Sortino ratioReturn per unit of downside risk | 0.50 | 0.52 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.06 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.43 | -0.03 |
Martin ratioReturn relative to average drawdown | 0.94 | 1.02 | -0.07 |
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 | SHSSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 0.29 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.30 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.61 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.69 | +0.03 |
Correlation
The correlation between SHSAX and SHSSX is 1.00, 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. SHSSX - Dividend Comparison
SHSAX's dividend yield for the trailing twelve months is around 11.43%, more than SHSSX's 10.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHSAX BlackRock Health Sciences Opportunities Portfolio | 11.43% | 10.63% | 9.18% | 3.84% | 7.44% | 9.20% | 4.34% | 3.89% | 8.56% | 3.53% | 2.43% | 12.58% |
SHSSX Health Sciences Opportunities Fund Class Institutional | 10.63% | 9.90% | 8.68% | 3.82% | 7.20% | 8.96% | 4.18% | 3.87% | 8.44% | 3.59% | 2.33% | 12.29% |
Drawdowns
SHSAX vs. SHSSX - Drawdown Comparison
The maximum SHSAX drawdown since its inception was -35.49%, roughly equal to the maximum SHSSX drawdown of -35.40%. Use the drawdown chart below to compare losses from any high point for SHSAX and SHSSX.
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Drawdown Indicators
| SHSAX | SHSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.49% | -35.40% | -0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -9.87% | -9.83% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -17.99% | -17.90% | -0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -28.36% | -28.34% | -0.02% |
Current DrawdownCurrent decline from peak | -9.62% | -9.56% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -5.98% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 4.17% | +0.03% |
Volatility
SHSAX vs. SHSSX - Volatility Comparison
BlackRock Health Sciences Opportunities Portfolio (SHSAX) and Health Sciences Opportunities Fund Class Institutional (SHSSX) have volatilities of 4.60% and 4.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHSAX | SHSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 4.61% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.72% | 9.73% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.30% | 16.32% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.18% | 14.19% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 16.53% | 0.00% |