SHSSX vs. BRHYX
SHSSX (Health Sciences Opportunities Fund Class Institutional) and BRHYX (BlackRock High Yield K) are both mutual funds - SHSSX is a Health & Biotech Equities fund tracking the Russell 3000 HealthCare Index, while BRHYX is a High Yield Bonds fund managed by BlackRock. Over the past 10 years, SHSSX returned 10.18%/yr vs 5.67%/yr for BRHYX. Their 0.29 correlation means their historical movements had little consistent relationship. SHSSX charges 0.84%/yr vs 0.48%/yr for BRHYX.
Performance
SHSSX vs. BRHYX - Performance Comparison
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Returns By Period
In the year-to-date period, SHSSX achieves a 6.09% return, which is significantly higher than BRHYX's 1.22% return. Over the past 10 years, SHSSX has outperformed BRHYX with an annualized return of 10.18%, while BRHYX has yielded a comparatively lower 5.67% 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%
BRHYX
- 1D
- 0.14%
- 1M
- -0.84%
- 6M
- 0.79%
- YTD
- 1.22%
- 1Y
- 5.26%
- 3Y*
- 8.54%
- 5Y*
- 4.12%
- 10Y*
- 5.67%
- ALL TIME*
- 6.74%
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. BRHYX - 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% |
BRHYX BlackRock High Yield K | 1.22% | 9.44% | 8.65% | 13.26% | -11.18% | 5.47% | 5.98% | 15.65% | -2.67% | 8.34% |
Correlation
The correlation between SHSSX and BRHYX is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.29 |
The correlation between SHSSX and BRHYX shifts across timeframes, from 0.28 (1 year) to 0.39 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SHSSX vs. BRHYX — Risk / Return Rank
SHSSX
BRHYX
SHSSX vs. BRHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Health Sciences Opportunities Fund Class Institutional (SHSSX) and BlackRock High Yield K (BRHYX). 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 | BRHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.35 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.34 | +0.14 |
| Martin ratioReturn relative to average drawdown | 5.94 | 11.03 | -5.09 |
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Drawdowns
SHSSX vs. BRHYX - Drawdown Comparison
The maximum SHSSX drawdown since its inception was -35.40%, roughly equal to the maximum BRHYX drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for SHSSX and BRHYX.
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Drawdown Indicators
| SHSSX | BRHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.40% | -34.77% | -0.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -2.40% | -7.43% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -4.07% | -11.88% |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | -15.29% | -2.61% |
Max Drawdown (10Y)Largest decline over 10 years | -28.34% | -23.20% | -5.14% |
Current DrawdownCurrent decline from peak | -1.75% | -0.98% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -2.72% | -3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 0.51% | +3.58% |
Volatility
SHSSX vs. BRHYX - Volatility Comparison
Health Sciences Opportunities Fund Class Institutional (SHSSX) has a higher volatility of 5.25% compared to BlackRock High Yield K (BRHYX) at 0.71%. This indicates that SHSSX's price experiences larger fluctuations and is considered to be riskier than BRHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHSSX | BRHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 0.71% | +4.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 2.78% | +8.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.94% | 3.51% | +11.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.66% | 5.27% | +9.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 5.88% | +10.72% |
SHSSX vs. BRHYX - Expense Ratio Comparison
SHSSX has a 0.84% expense ratio, which is higher than BRHYX's 0.48% expense ratio.
Dividends
SHSSX vs. BRHYX - Dividend Comparison
SHSSX's dividend yield for the trailing twelve months is around 14.09%, more than BRHYX's 6.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRHYX BlackRock High Yield K | 6.62% | 7.14% | 7.56% | 6.20% | 4.98% | 4.80% | 5.22% | 5.82% | 6.48% | 5.92% | 6.03% | 6.42% |
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 BRHYX have a correlation of 0.28, 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 BRHYX (0.71%). In terms of maximum drawdown, SHSSX dropped -35.40% vs BRHYX's -34.77%.
SHSSX currently has the higher Sharpe Ratio (1.63 vs 1.60), 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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