SHSSX vs. ASFYX
SHSSX (Health Sciences Opportunities Fund Class Institutional) and ASFYX (Virtus AlphaSimplex Managed Futures Strategy Fund Class I) are both mutual funds - SHSSX is a Health & Biotech Equities fund tracking the Russell 3000 HealthCare Index, while ASFYX is a Systematic Trend fund actively managed by Virtus. SHSSX is passively managed, while ASFYX is actively managed. Over the past 10 years, SHSSX returned 10.18%/yr vs 2.08%/yr for ASFYX. Their 0.15 correlation means their historical movements had little consistent relationship. SHSSX charges 0.84%/yr vs 1.45%/yr for ASFYX.
Performance
SHSSX vs. ASFYX - Performance Comparison
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Returns By Period
In the year-to-date period, SHSSX achieves a 6.09% return, which is significantly lower than ASFYX's 9.56% return. Over the past 10 years, SHSSX has outperformed ASFYX with an annualized return of 10.18%, while ASFYX has yielded a comparatively lower 2.08% annualized return.
SHSSX
- 1D
- -0.73%
- 1M
- -1.34%
- 6M
- 5.98%
- YTD
- 6.09%
- 1Y
- 26.17%
- 3Y*
- 9.36%
- 5Y*
- 5.10%
- 10Y*
- 10.18%
- ALL TIME*
- 12.17%
ASFYX
- 1D
- -0.35%
- 1M
- 1.07%
- 6M
- 5.34%
- YTD
- 9.56%
- 1Y
- 21.27%
- 3Y*
- -3.32%
- 5Y*
- 2.26%
- 10Y*
- 2.08%
- ALL TIME*
- 3.84%
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 |
SHSSX vs. ASFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHSSX Health Sciences Opportunities Fund Class Institutional | 6.09% | 16.13% | 4.00% | 3.86% | -5.72% | 12.17% | 19.54% | 25.63% | 8.24% | 25.02% |
ASFYX Virtus AlphaSimplex Managed Futures Strategy Fund Class I | 9.56% | -9.67% | -3.22% | -10.33% | 35.67% | 3.52% | 13.59% | 8.99% | -12.59% | 6.78% |
Correlation
The correlation between SHSSX and ASFYX is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.01 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2010 | 0.15 |
The correlation between SHSSX and ASFYX shifts across timeframes, from 0.01 (5 years) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SHSSX vs. ASFYX — Risk / Return Rank
SHSSX
ASFYX
SHSSX vs. ASFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Health Sciences Opportunities Fund Class Institutional (SHSSX) and Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX). 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.
| SHSSX | ASFYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.26 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.63 | -0.15 |
| Martin ratioReturn relative to average drawdown | 5.94 | 7.58 | -1.64 |
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Drawdowns
SHSSX vs. ASFYX - Drawdown Comparison
The maximum SHSSX drawdown since its inception was -35.40%, roughly equal to the maximum ASFYX drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for SHSSX and ASFYX.
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Drawdown Indicators
| SHSSX | ASFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.40% | -36.43% | +1.03% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -7.42% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -30.32% | +14.37% |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | -36.43% | +18.53% |
Max Drawdown (10Y)Largest decline over 10 years | -28.34% | -36.43% | +8.09% |
Current DrawdownCurrent decline from peak | -1.75% | -22.26% | +20.51% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -13.26% | +7.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 2.57% | +1.52% |
Volatility
SHSSX vs. ASFYX - Volatility Comparison
Health Sciences Opportunities Fund Class Institutional (SHSSX) has a higher volatility of 5.25% compared to Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) at 2.89%. This indicates that SHSSX's price experiences larger fluctuations and is considered to be riskier than ASFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHSSX | ASFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 2.89% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 9.77% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.94% | 12.62% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.66% | 13.79% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 12.74% | +3.86% |
SHSSX vs. ASFYX - Expense Ratio Comparison
SHSSX has a 0.84% expense ratio, which is lower than ASFYX's 1.45% expense ratio.
Dividends
SHSSX vs. ASFYX - Dividend Comparison
SHSSX's dividend yield for the trailing twelve months is around 14.09%, more than ASFYX's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASFYX Virtus AlphaSimplex Managed Futures Strategy Fund Class I | 1.39% | 1.52% | 1.46% | 0.99% | 32.48% | 6.07% | 3.40% | 5.51% | 1.30% | 0.07% | 0.01% | 5.06% |
SHSSX Health Sciences Opportunities Fund Class Institutional | 14.09% | 9.90% | 8.68% | 3.82% | 7.20% | 8.96% | 4.18% | 3.87% | 8.44% | 3.59% | 2.33% | 12.29% |
Frequently Asked Questions
SHSSX and ASFYX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHSSX has higher volatility (5.25%) compared to ASFYX (2.89%). In terms of maximum drawdown, SHSSX dropped -35.40% vs ASFYX's -36.43%.
SHSSX currently has the higher Sharpe Ratio (1.63 vs 1.55), 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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