SHSAX vs. SWHFX
SHSAX (BlackRock Health Sciences Opportunities Portfolio) and SWHFX (Schwab Health Care Fund™) are both Health & Biotech Equities funds. Over the past 10 years, SHSAX returned 9.92%/yr vs 7.70%/yr for SWHFX. Their correlation of 0.92 means they have usually moved in the same direction. SHSAX charges 1.09%/yr vs 0.80%/yr for SWHFX.
Performance
SHSAX vs. SWHFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SHSAX achieves a 5.93% return, which is significantly higher than SWHFX's 5.02% return. Over the past 10 years, SHSAX has outperformed SWHFX with an annualized return of 9.92%, while SWHFX has yielded a comparatively lower 7.70% annualized return.
SHSAX
- 1D
- -0.74%
- 1M
- -1.37%
- 6M
- 5.84%
- YTD
- 5.93%
- 1Y
- 25.84%
- 3Y*
- 9.08%
- 5Y*
- 4.84%
- 10Y*
- 9.92%
- ALL TIME*
- 13.07%
SWHFX
- 1D
- -1.36%
- 1M
- -0.33%
- 6M
- 3.12%
- YTD
- 5.02%
- 1Y
- 17.24%
- 3Y*
- 5.89%
- 5Y*
- 3.29%
- 10Y*
- 7.70%
- ALL TIME*
- 8.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SHSAX vs. SWHFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHSAX BlackRock Health Sciences Opportunities Portfolio | 5.93% | 15.85% | 3.73% | 3.59% | -5.94% | 11.88% | 19.44% | 25.27% | 7.93% | 24.74% |
SWHFX Schwab Health Care Fund™ | 5.02% | 9.81% | 0.10% | 0.73% | -4.66% | 23.36% | 12.83% | 17.64% | 3.68% | 20.31% |
Correlation
The correlation between SHSAX and SWHFX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.92 |
The correlation between SHSAX and SWHFX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SHSAX vs. SWHFX — Risk / Return Rank
SHSAX
SWHFX
SHSAX vs. SWHFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Health Sciences Opportunities Portfolio (SHSAX) and Schwab Health Care Fund™ (SWHFX). 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 | SWHFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.17 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 1.09 | +1.34 |
| Martin ratioReturn relative to average drawdown | 5.81 | 2.32 | +3.49 |
Loading charts...
Drawdowns
SHSAX vs. SWHFX - Drawdown Comparison
The maximum SHSAX drawdown since its inception was -35.49%, smaller than the maximum SWHFX drawdown of -43.10%. Use the drawdown chart below to compare losses from any high point for SHSAX and SWHFX.
Loading charts...
Drawdown Indicators
| SHSAX | SWHFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.49% | -43.10% | +7.61% |
Max Drawdown (1Y)Largest decline over 1 year | -9.87% | -13.74% | +3.87% |
Max Drawdown (3Y)Largest decline over 3 years | -16.08% | -19.35% | +3.27% |
Max Drawdown (5Y)Largest decline over 5 years | -17.99% | -19.35% | +1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -28.36% | -27.28% | -1.08% |
Current DrawdownCurrent decline from peak | -1.78% | -2.62% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -8.15% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.13% | 6.45% | -2.32% |
Volatility
SHSAX vs. SWHFX - Volatility Comparison
The current volatility for BlackRock Health Sciences Opportunities Portfolio (SHSAX) is 5.25%, while Schwab Health Care Fund™ (SWHFX) has a volatility of 5.79%. This indicates that SHSAX experiences smaller price fluctuations and is considered to be less risky than SWHFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SHSAX | SWHFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 5.79% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.72% | 11.88% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.93% | 16.74% | -1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.66% | 14.97% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 16.05% | +0.55% |
SHSAX vs. SWHFX - Expense Ratio Comparison
SHSAX has a 1.09% expense ratio, which is higher than SWHFX's 0.80% expense ratio.
Dividends
SHSAX vs. SWHFX - Dividend Comparison
SHSAX's dividend yield for the trailing twelve months is around 15.34%, while SWHFX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHSAX BlackRock Health Sciences Opportunities Portfolio | 15.34% | 10.63% | 9.18% | 3.84% | 7.44% | 9.20% | 4.34% | 3.89% | 8.56% | 3.53% | 2.43% | 12.58% |
SWHFX Schwab Health Care Fund™ | 0.00% | 0.00% | 9.49% | 3.60% | 4.18% | 12.52% | 11.47% | 4.56% | 10.02% | 7.32% | 2.63% | 16.31% |
Frequently Asked Questions
With a correlation of 0.96, SHSAX and SWHFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SWHFX has higher volatility (5.79%) compared to SHSAX (5.25%). In terms of maximum drawdown, SHSAX dropped -35.49% vs SWHFX's -43.10%.
SHSAX currently has the higher Sharpe Ratio (1.61 vs 0.89), 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.
Find the right allocation for SHSAX and SWHFX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer