SHSSX vs. THISX
SHSSX (Health Sciences Opportunities Fund Class Institutional) and THISX (T. Rowe Price Health Sciences Fund Class I) are both Health & Biotech Equities funds. SHSSX is passively managed, while THISX is actively managed. Over the past 5 years, SHSSX returned 4.12%/yr vs 5.69%/yr for THISX. Their correlation of 0.93 suggests significant overlap in exposure. SHSSX charges 0.84%/yr vs 0.67%/yr for THISX.
Performance
SHSSX vs. THISX - 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 THISX's 0.31% 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%
THISX
- 1D
- 1.78%
- 1M
- 2.64%
- YTD
- 0.31%
- 6M
- -0.58%
- 1Y
- 23.85%
- 3Y*
- 12.26%
- 5Y*
- 5.69%
- 10Y*
- —
SHSSX vs. THISX - 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% |
THISX T. Rowe Price Health Sciences Fund Class I | 0.31% | 17.92% | 16.75% | 3.17% | -12.11% | 13.62% | 30.35% | 38.29% | 1.20% | 26.96% |
Correlation
The correlation between SHSSX and THISX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.93 |
The correlation between SHSSX and THISX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
SHSSX vs. THISX — Risk / Return Rank
SHSSX
THISX
SHSSX vs. THISX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Health Sciences Opportunities Fund Class Institutional (SHSSX) and T. Rowe Price Health Sciences Fund Class I (THISX). 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 | THISX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.27 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.92 | -0.06 |
| Martin ratioReturn relative to average drawdown | 4.50 | 5.41 | -0.91 |
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Drawdowns
SHSSX vs. THISX - Drawdown Comparison
The maximum SHSSX drawdown since its inception was -35.40%, which is greater than THISX's maximum drawdown of -28.97%. Use the drawdown chart below to compare losses from any high point for SHSSX and THISX.
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Drawdown Indicators
| SHSSX | THISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.40% | -28.97% | -6.43% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -12.78% | +2.95% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -15.80% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | -27.53% | +9.63% |
Max Drawdown (10Y)Largest decline over 10 years | -28.34% | — | — |
Current DrawdownCurrent decline from peak | -4.33% | -2.85% | -1.48% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -7.16% | +1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 4.53% | -0.47% |
Volatility
SHSSX vs. THISX - Volatility Comparison
The current volatility for Health Sciences Opportunities Fund Class Institutional (SHSSX) is 5.11%, while T. Rowe Price Health Sciences Fund Class I (THISX) has a volatility of 5.39%. This indicates that SHSSX experiences smaller price fluctuations and is considered to be less risky than THISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHSSX | THISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 5.39% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 12.30% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.23% | 15.79% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.45% | 18.48% | -4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 19.96% | -3.39% |
SHSSX vs. THISX - Expense Ratio Comparison
SHSSX has a 0.84% expense ratio, which is higher than THISX's 0.67% expense ratio.
Dividends
SHSSX vs. THISX - Dividend Comparison
SHSSX's dividend yield for the trailing twelve months is around 10.05%, less than THISX's 12.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
THISX T. Rowe Price Health Sciences Fund Class I | 12.22% | 12.25% | 26.10% | 5.20% | 1.76% | 7.62% | 7.25% | 12.58% | 6.70% | 7.55% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, SHSSX and THISX 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.
THISX has higher volatility (5.39%) compared to SHSSX (5.11%). In terms of maximum drawdown, SHSSX dropped -35.40% vs THISX's -28.97%.
THISX currently has the higher Sharpe Ratio (1.56 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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