SHSSX vs. FFANX
SHSSX (Health Sciences Opportunities Fund Class Institutional) and FFANX (Fidelity Asset Manager 40% Fund) are both mutual funds - SHSSX is a Health & Biotech Equities fund tracking the Russell 3000 HealthCare Index, while FFANX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, SHSSX returned 10.31%/yr vs 6.99%/yr for FFANX. A 0.72 correlation means they provide meaningful diversification when combined. SHSSX charges 0.84%/yr vs 0.52%/yr for FFANX.
Performance
SHSSX vs. FFANX - Performance Comparison
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Returns By Period
In the year-to-date period, SHSSX achieves a -1.49% return, which is significantly lower than FFANX's 7.45% return. Over the past 10 years, SHSSX has outperformed FFANX with an annualized return of 10.31%, while FFANX has yielded a comparatively lower 6.99% annualized return.
SHSSX
- 1D
- 1.37%
- 1M
- 1.78%
- YTD
- -1.49%
- 6M
- -2.06%
- 1Y
- 18.05%
- 3Y*
- 6.87%
- 5Y*
- 4.12%
- 10Y*
- 10.31%
FFANX
- 1D
- -0.13%
- 1M
- 1.41%
- YTD
- 7.45%
- 6M
- 7.31%
- 1Y
- 16.42%
- 3Y*
- 11.28%
- 5Y*
- 5.36%
- 10Y*
- 6.99%
SHSSX vs. FFANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHSSX Health Sciences Opportunities Fund Class Institutional | -1.49% | 16.13% | 4.00% | 3.86% | -5.72% | 12.17% | 19.54% | 25.63% | 8.24% | 25.02% |
FFANX Fidelity Asset Manager 40% Fund | 7.45% | 13.16% | 7.40% | 11.52% | -13.62% | 8.03% | 13.10% | 15.81% | -4.06% | 11.25% |
Correlation
The correlation between SHSSX and FFANX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2007 | 0.72 |
Over the past year, the correlation between SHSSX and FFANX has dropped to 0.42 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
SHSSX vs. FFANX — Risk / Return Rank
SHSSX
FFANX
SHSSX vs. FFANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Health Sciences Opportunities Fund Class Institutional (SHSSX) and Fidelity Asset Manager 40% Fund (FFANX). 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 | FFANX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.47 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.27 | -1.41 |
| Martin ratioReturn relative to average drawdown | 4.50 | 13.95 | -9.45 |
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Drawdowns
SHSSX vs. FFANX - Drawdown Comparison
The maximum SHSSX drawdown since its inception was -35.40%, which is greater than FFANX's maximum drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for SHSSX and FFANX.
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Drawdown Indicators
| SHSSX | FFANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.40% | -31.69% | -3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -5.20% | -4.63% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -7.55% | -8.40% |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | -18.52% | +0.62% |
Max Drawdown (10Y)Largest decline over 10 years | -28.34% | -18.52% | -9.82% |
Current DrawdownCurrent decline from peak | -4.33% | -0.13% | -4.20% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -3.79% | -2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 1.22% | +2.84% |
Volatility
SHSSX vs. FFANX - Volatility Comparison
Health Sciences Opportunities Fund Class Institutional (SHSSX) has a higher volatility of 5.11% compared to Fidelity Asset Manager 40% Fund (FFANX) at 2.94%. This indicates that SHSSX's price experiences larger fluctuations and is considered to be riskier than FFANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHSSX | FFANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 2.94% | +2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 6.01% | +4.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.23% | 7.09% | +7.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.45% | 7.94% | +6.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 7.74% | +8.83% |
SHSSX vs. FFANX - Expense Ratio Comparison
SHSSX has a 0.84% expense ratio, which is higher than FFANX's 0.52% expense ratio.
Dividends
SHSSX vs. FFANX - Dividend Comparison
SHSSX's dividend yield for the trailing twelve months is around 10.05%, more than FFANX's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFANX Fidelity Asset Manager 40% Fund | 3.65% | 3.97% | 2.81% | 2.49% | 5.75% | 2.35% | 2.36% | 3.67% | 4.56% | 2.56% | 1.43% | 3.18% |
SHSSX Health Sciences Opportunities Fund Class Institutional | 10.05% | 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 FFANX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHSSX has higher volatility (5.11%) compared to FFANX (2.94%). In terms of maximum drawdown, SHSSX dropped -35.40% vs FFANX's -31.69%.
FFANX currently has the higher Sharpe Ratio (2.40 vs 1.29), 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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