SSCPX vs. SABIX

Last updated Jun 24, 2026

SSCPX (Saratoga Small Capitalization Portfolio) and SABIX (Saratoga Aggressive Balanced Allocation Portfolio) are both mutual funds - SSCPX is a Small Cap Growth Equities fund managed by Saratoga, while SABIX is a Diversified Portfolio fund managed by Saratoga. Over the past 5 years, SSCPX returned 9.19%/yr vs 7.87%/yr for SABIX. Their correlation of 0.89 suggests significant overlap in exposure. SSCPX charges 1.70%/yr vs 0.99%/yr for SABIX.

Performance

SSCPX vs. SABIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Saratoga Small Capitalization Portfolio (SSCPX) and Saratoga Aggressive Balanced Allocation Portfolio (SABIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSCPX achieves a 27.15% return, which is significantly higher than SABIX's 7.60% return.

SSCPX

• 1D: 1.04%
• 1M: 8.20%
• YTD: 27.15%
• 6M: 23.90%
• 1Y: 40.72%
• 3Y*: 19.24%
• 5Y*: 9.19%
• 10Y*: 12.10%

SABIX

• 1D: 0.15%
• 1M: 2.84%
• YTD: 7.60%
• 6M: 6.54%
• 1Y: 17.12%
• 3Y*: 14.35%
• 5Y*: 7.87%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SSCPX vs. SABIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SSCPX Saratoga Small Capitalization Portfolio	27.15%	6.41%	10.79%	15.16%	-17.56%	24.53%	25.39%	23.71%	-17.28%
SABIX Saratoga Aggressive Balanced Allocation Portfolio	7.60%	13.01%	12.49%	15.20%	-11.36%	14.93%	9.53%	18.72%	-8.74%

Correlation

The correlation between SSCPX and SABIX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 11, 2018	0.89

The correlation between SSCPX and SABIX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

SSCPX vs. SABIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SSCPX

SSCPX Risk / Return Rank: 63
SSCPX Sharpe Ratio Rank: 60
SSCPX Sortino Ratio Rank: 56
SSCPX Omega Ratio Rank: 49
SSCPX Calmar Ratio Rank: 83
SSCPX Martin Ratio Rank: 69

SABIX

SABIX Risk / Return Rank: 41
SABIX Sharpe Ratio Rank: 38
SABIX Sortino Ratio Rank: 38
SABIX Omega Ratio Rank: 36
SABIX Calmar Ratio Rank: 40
SABIX Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SSCPX vs. SABIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Saratoga Small Capitalization Portfolio (SSCPX) and Saratoga Aggressive Balanced Allocation Portfolio (SABIX). 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.

	SSCPX	SABIX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.66	+0.44
Sortino ratio: Return per unit of downside risk	2.88	2.38	+0.50
Omega ratio: Gain probability vs. loss probability	1.35	1.30	+0.05
Calmar ratio: Return relative to maximum drawdown	3.67	2.29	+1.38
Martin ratio: Return relative to average drawdown	12.49	9.92	+2.57

SSCPX vs. SABIX - Sharpe Ratio Comparison

The current SSCPX Sharpe Ratio is 2.09, which is comparable to the SABIX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of SSCPX and SABIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SSCPX vs. SABIX - Drawdown Comparison

The maximum SSCPX drawdown since its inception was -53.65%, which is greater than SABIX's maximum drawdown of -29.06%. Use the drawdown chart below to compare losses from any high point for SSCPX and SABIX.

Drawdown Indicators

	SSCPX	SABIX	Difference
Max Drawdown Largest peak-to-trough decline	-53.65%	-29.06%	-24.59%
Max Drawdown (1Y) Largest decline over 1 year	-11.54%	-7.87%	-3.67%
Max Drawdown (3Y) Largest decline over 3 years	-27.78%	-14.58%	-13.20%
Max Drawdown (5Y) Largest decline over 5 years	-27.78%	-17.20%	-10.58%
Max Drawdown (10Y) Largest decline over 10 years	-43.59%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.23%	-4.11%	-6.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	1.81%	+1.58%

Volatility

SSCPX vs. SABIX - Volatility Comparison

Saratoga Small Capitalization Portfolio (SSCPX) has a higher volatility of 6.15% compared to Saratoga Aggressive Balanced Allocation Portfolio (SABIX) at 4.07%. This indicates that SSCPX's price experiences larger fluctuations and is considered to be riskier than SABIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSCPX	SABIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.15%	4.07%	+2.08%
Volatility (6M) Calculated over the trailing 6-month period	15.17%	8.78%	+6.39%
Volatility (1Y) Calculated over the trailing 1-year period	20.28%	10.91%	+9.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.22%	12.55%	+9.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.05%	14.32%	+8.73%

SSCPX vs. SABIX - Expense Ratio Comparison

SSCPX has a 1.70% expense ratio, which is higher than SABIX's 0.99% expense ratio.

Dividends

SSCPX vs. SABIX - Dividend Comparison

SSCPX's dividend yield for the trailing twelve months is around 7.09%, less than SABIX's 9.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SABIX Saratoga Aggressive Balanced Allocation Portfolio	9.14%	9.83%	3.12%	2.81%	7.12%	9.63%	1.82%	3.72%	3.06%	0.00%	0.00%	0.00%
SSCPX Saratoga Small Capitalization Portfolio	7.09%	9.02%	11.37%	0.00%	10.18%	24.67%	0.02%	0.00%	17.42%	0.00%	0.00%	58.90%

Frequently Asked Questions

Can I hold both SSCPX and SABIX in my portfolio?

With a correlation of 0.92, SSCPX and SABIX 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.

Which is riskier, SSCPX or SABIX?

SSCPX has higher volatility (6.15%) compared to SABIX (4.07%). In terms of maximum drawdown, SSCPX dropped -53.65% vs SABIX's -29.06%.

Which has better risk-adjusted returns?

SSCPX currently has the higher Sharpe Ratio (2.09 vs 1.66), 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.