SWHFX vs. SHPAX
Compare and contrast key facts about Schwab Health Care Fund™ (SWHFX) and Saratoga Health & Biotechnology Fund (SHPAX).
SWHFX is managed by Charles Schwab. It was launched on Jul 2, 2000. SHPAX is managed by Saratoga. It was launched on Jul 14, 1999.
Performance
SWHFX vs. SHPAX - Performance Comparison
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SWHFX vs. SHPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWHFX Schwab Health Care Fund™ | -4.90% | 9.81% | 0.10% | 0.73% | -4.66% | 23.36% | 12.83% | 17.64% | 3.68% | 20.31% |
SHPAX Saratoga Health & Biotechnology Fund | -1.13% | 17.43% | 0.26% | -0.36% | 1.93% | 16.71% | 3.52% | 27.67% | -5.30% | 11.78% |
Returns By Period
In the year-to-date period, SWHFX achieves a -4.90% return, which is significantly lower than SHPAX's -1.13% return. Over the past 10 years, SWHFX has outperformed SHPAX with an annualized return of 7.56%, while SHPAX has yielded a comparatively lower 6.84% annualized return.
SWHFX
- 1D
- 0.46%
- 1M
- -9.48%
- YTD
- -4.90%
- 6M
- -0.66%
- 1Y
- -2.33%
- 3Y*
- 3.11%
- 5Y*
- 4.00%
- 10Y*
- 7.56%
SHPAX
- 1D
- 0.96%
- 1M
- -6.99%
- YTD
- -1.13%
- 6M
- 10.24%
- 1Y
- 12.17%
- 3Y*
- 6.93%
- 5Y*
- 5.73%
- 10Y*
- 6.84%
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SWHFX vs. SHPAX - Expense Ratio Comparison
SWHFX has a 0.80% expense ratio, which is lower than SHPAX's 2.90% expense ratio.
Return for Risk
SWHFX vs. SHPAX — Risk / Return Rank
SWHFX
SHPAX
SWHFX vs. SHPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Health Care Fund™ (SWHFX) and Saratoga Health & Biotechnology Fund (SHPAX). 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.
| SWHFX | SHPAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.10 | 0.78 | -0.88 |
Sortino ratioReturn per unit of downside risk | -0.01 | 1.18 | -1.19 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.15 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | -0.14 | 1.56 | -1.70 |
Martin ratioReturn relative to average drawdown | -0.30 | 4.30 | -4.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SWHFX | SHPAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | 0.78 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.41 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.41 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.30 | +0.19 |
Correlation
The correlation between SWHFX and SHPAX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SWHFX vs. SHPAX - Dividend Comparison
SWHFX has not paid dividends to shareholders, while SHPAX's dividend yield for the trailing twelve months is around 3.70%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWHFX Schwab Health Care Fund™ | 0.00% | 0.00% | 9.49% | 3.60% | 4.18% | 12.52% | 11.47% | 4.56% | 10.02% | 7.32% | 2.63% | 16.31% |
SHPAX Saratoga Health & Biotechnology Fund | 3.70% | 3.66% | 1.35% | 5.38% | 6.34% | 3.76% | 13.82% | 13.24% | 22.00% | 17.98% | 12.52% | 10.70% |
Drawdowns
SWHFX vs. SHPAX - Drawdown Comparison
The maximum SWHFX drawdown since its inception was -43.10%, smaller than the maximum SHPAX drawdown of -69.50%. Use the drawdown chart below to compare losses from any high point for SWHFX and SHPAX.
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Drawdown Indicators
| SWHFX | SHPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.10% | -69.50% | +26.40% |
Max Drawdown (1Y)Largest decline over 1 year | -12.25% | -7.87% | -4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -19.35% | -16.32% | -3.03% |
Max Drawdown (10Y)Largest decline over 10 years | -27.28% | -28.05% | +0.77% |
Current DrawdownCurrent decline from peak | -11.81% | -6.99% | -4.82% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -28.07% | +19.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.62% | 2.86% | +2.76% |
Volatility
SWHFX vs. SHPAX - Volatility Comparison
Schwab Health Care Fund™ (SWHFX) and Saratoga Health & Biotechnology Fund (SHPAX) have volatilities of 4.40% and 4.62%, 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.
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Volatility by Period
| SWHFX | SHPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 4.62% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 12.09% | 9.76% | +2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 16.57% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.46% | 14.19% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.92% | 16.57% | -0.65% |