FPACX vs. VHT
Compare and contrast key facts about FPA Crescent Fund (FPACX) and Vanguard Health Care ETF (VHT).
FPACX is managed by FPA. It was launched on Jun 1, 1993. VHT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Health Care 25/50 Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPACX or VHT.
Key characteristics
| FPACX | VHT | |
|---|---|---|
| YTD Return | 12.71% | 9.39% |
| 1Y Return | 14.73% | 18.43% |
| 3Y Return (Ann) | 1.82% | 3.06% |
| 5Y Return (Ann) | 5.69% | 9.91% |
| 10Y Return (Ann) | 3.11% | 9.86% |
| Sharpe Ratio | 1.86 | 1.82 |
| Sortino Ratio | 2.56 | 2.56 |
| Omega Ratio | 1.34 | 1.33 |
| Calmar Ratio | 2.00 | 1.80 |
| Martin Ratio | 11.41 | 8.21 |
| Ulcer Index | 1.47% | 2.41% |
| Daily Std Dev | 9.04% | 10.87% |
| Max Drawdown | -35.01% | -39.12% |
| Current Drawdown | -0.85% | -5.44% |
Correlation
The correlation between FPACX and VHT is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FPACX vs. VHT - Performance Comparison
In the year-to-date period, FPACX achieves a 12.71% return, which is significantly higher than VHT's 9.39% return. Over the past 10 years, FPACX has underperformed VHT with an annualized return of 3.11%, while VHT has yielded a comparatively higher 9.86% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FPACX vs. VHT - Expense Ratio Comparison
FPACX has a 1.00% expense ratio, which is higher than VHT's 0.10% expense ratio.
Risk-Adjusted Performance
FPACX vs. VHT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FPA Crescent Fund (FPACX) and Vanguard Health Care ETF (VHT). 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.
Dividends
FPACX vs. VHT - Dividend Comparison
FPACX's dividend yield for the trailing twelve months is around 1.28%, less than VHT's 1.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPACX FPA Crescent Fund | 1.28% | 0.12% | 0.05% | 0.78% | 0.30% | 2.36% | 0.71% | 0.98% | 0.89% | 1.00% | 0.92% | 0.64% |
VHT Vanguard Health Care ETF | 1.42% | 1.36% | 1.33% | 1.14% | 1.21% | 1.89% | 1.38% | 1.31% | 1.45% | 1.22% | 1.02% | 1.12% |
Drawdowns
FPACX vs. VHT - Drawdown Comparison
The maximum FPACX drawdown since its inception was -35.01%, smaller than the maximum VHT drawdown of -39.12%. Use the drawdown chart below to compare losses from any high point for FPACX and VHT. For additional features, visit the drawdowns tool.
Volatility
FPACX vs. VHT - Volatility Comparison
The current volatility for FPA Crescent Fund (FPACX) is 2.32%, while Vanguard Health Care ETF (VHT) has a volatility of 3.08%. This indicates that FPACX experiences smaller price fluctuations and is considered to be less risky than VHT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.