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 5.03%/yr vs 6.87%/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
Loading charts...
Returns By Period
In the year-to-date period, SHSSX achieves a 5.20% return, which is significantly lower than THISX's 8.50% return.
SHSSX
- 1D
- -1.41%
- 1M
- 6.51%
- 6M
- 3.83%
- YTD
- 5.20%
- 1Y
- 23.20%
- 3Y*
- 9.75%
- 5Y*
- 5.03%
- 10Y*
- 10.39%
THISX
- 1D
- -1.59%
- 1M
- 9.04%
- 6M
- 6.82%
- YTD
- 8.50%
- 1Y
- 31.32%
- 3Y*
- 15.85%
- 5Y*
- 6.87%
- 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 | 5.20% | 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 | 8.50% | 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 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| 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 | 0.93 |
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 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.38 | -0.12 |
| Martin ratioReturn relative to average drawdown | 5.45 | 6.69 | -1.24 |
Loading charts...
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.
Loading charts...
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 | -2.58% | -2.43% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -7.12% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 4.53% | -0.46% |
Volatility
SHSSX vs. THISX - Volatility Comparison
Health Sciences Opportunities Fund Class Institutional (SHSSX) and T. Rowe Price Health Sciences Fund Class I (THISX) have volatilities of 5.72% and 5.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SHSSX | THISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | 5.73% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 12.98% | -1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.94% | 16.42% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 18.61% | -4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 19.98% | -3.41% |
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 9.41%, less than THISX's 11.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHSSX Health Sciences Opportunities Fund Class Institutional | 9.41% | 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 | 11.29% | 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 0.95, 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 (5.73%) compared to SHSSX (5.72%). In terms of maximum drawdown, SHSSX dropped -35.40% vs THISX's -28.97%.
THISX currently has the higher Sharpe Ratio (1.85 vs 1.49), 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.
Find the right allocation for SHSSX and THISX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer