SHSAX vs. VTCLX
SHSAX (BlackRock Health Sciences Opportunities Portfolio) and VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) are both mutual funds - SHSAX is a Health & Biotech Equities fund managed by BlackRock, while VTCLX is a Large Cap Blend Equities fund managed by BlackRock. Over the past 10 years, SHSAX returned 9.11%/yr vs 15.47%/yr for VTCLX. A 0.77 correlation means they provide meaningful diversification when combined. SHSAX charges 1.09%/yr vs 0.09%/yr for VTCLX.
Performance
SHSAX vs. VTCLX - Performance Comparison
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Returns By Period
In the year-to-date period, SHSAX achieves a -5.45% return, which is significantly lower than VTCLX's 11.31% return. Over the past 10 years, SHSAX has underperformed VTCLX with an annualized return of 9.11%, while VTCLX has yielded a comparatively higher 15.47% annualized return.
SHSAX
- 1D
- -1.66%
- 1M
- 0.02%
- YTD
- -5.45%
- 6M
- -5.96%
- 1Y
- 12.73%
- 3Y*
- 5.72%
- 5Y*
- 3.74%
- 10Y*
- 9.11%
VTCLX
- 1D
- 0.22%
- 1M
- 5.61%
- YTD
- 11.31%
- 6M
- 11.26%
- 1Y
- 28.29%
- 3Y*
- 22.21%
- 5Y*
- 13.46%
- 10Y*
- 15.47%
SHSAX vs. VTCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHSAX BlackRock Health Sciences Opportunities Portfolio | -5.45% | 15.85% | 3.73% | 3.59% | -5.94% | 11.88% | 19.44% | 25.27% | 7.93% | 24.74% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 11.31% | 17.44% | 23.76% | 26.62% | -19.07% | 26.87% | 21.08% | 31.47% | -4.98% | 22.40% |
Correlation
The correlation between SHSAX and VTCLX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2001 | 0.77 |
Over the past year, the correlation between SHSAX and VTCLX has dropped to 0.43 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
SHSAX vs. VTCLX — Risk / Return Rank
SHSAX
VTCLX
SHSAX vs. VTCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Health Sciences Opportunities Portfolio (SHSAX) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX). 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 | VTCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.44 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 3.32 | -2.01 |
| Martin ratioReturn relative to average drawdown | 3.28 | 15.43 | -12.15 |
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 | VTCLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 2.43 | -1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.79 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.85 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.53 | +0.19 |
Drawdowns
SHSAX vs. VTCLX - Drawdown Comparison
The maximum SHSAX drawdown since its inception was -35.49%, smaller than the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for SHSAX and VTCLX.
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Drawdown Indicators
| SHSAX | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.49% | -55.18% | +19.69% |
Max Drawdown (1Y)Largest decline over 1 year | -9.87% | -8.79% | -1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -16.08% | -19.01% | +2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -17.99% | -24.98% | +6.99% |
Max Drawdown (10Y)Largest decline over 10 years | -28.36% | -34.56% | +6.20% |
Current DrawdownCurrent decline from peak | -8.18% | 0.00% | -8.18% |
Average DrawdownAverage peak-to-trough decline | -6.18% | -7.57% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 1.89% | +2.05% |
Volatility
SHSAX vs. VTCLX - Volatility Comparison
BlackRock Health Sciences Opportunities Portfolio (SHSAX) has a higher volatility of 4.16% compared to Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) at 2.86%. This indicates that SHSAX's price experiences larger fluctuations and is considered to be riskier than VTCLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHSAX | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 2.86% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 10.40% | 9.09% | +1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.75% | 12.01% | +1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.37% | 17.22% | -2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 18.28% | -1.75% |
SHSAX vs. VTCLX - Expense Ratio Comparison
SHSAX has a 1.09% expense ratio, which is higher than VTCLX's 0.09% expense ratio.
Dividends
SHSAX vs. VTCLX - Dividend Comparison
SHSAX's dividend yield for the trailing twelve months is around 11.25%, more than VTCLX's 0.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHSAX BlackRock Health Sciences Opportunities Portfolio | 11.25% | 10.63% | 9.18% | 3.84% | 7.44% | 9.20% | 4.34% | 3.89% | 8.56% | 3.53% | 2.43% | 12.58% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 0.85% | 0.93% | 1.04% | 1.24% | 1.47% | 1.04% | 1.32% | 1.52% | 1.83% | 1.57% | 1.76% | 1.69% |
Frequently Asked Questions
SHSAX and VTCLX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHSAX has higher volatility (4.16%) compared to VTCLX (2.86%). In terms of maximum drawdown, SHSAX dropped -35.49% vs VTCLX's -55.18%.
VTCLX currently has the higher Sharpe Ratio (2.43 vs 0.94), 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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