FXH vs. VHT
Compare and contrast key facts about First Trust Health Care AlphaDEX Fund (FXH) and Vanguard Health Care ETF (VHT).
FXH and VHT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXH is a passively managed fund by First Trust that tracks the performance of the StrataQuant Health Care Index. It was launched on May 8, 2007. 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. Both FXH and VHT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXH or VHT.
Key characteristics
| FXH | VHT | |
|---|---|---|
| YTD Return | 0.53% | 2.94% |
| 1Y Return | -3.05% | 6.25% |
| 3Y Return (Ann) | -3.00% | 4.00% |
| 5Y Return (Ann) | 6.83% | 10.28% |
| 10Y Return (Ann) | 7.75% | 10.96% |
| Sharpe Ratio | -0.38 | 0.51 |
| Daily Std Dev | 13.13% | 10.84% |
| Max Drawdown | -43.70% | -39.12% |
| Current Drawdown | -18.37% | -4.90% |
Correlation
The correlation between FXH and VHT is 0.89, 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.
Performance
FXH vs. VHT - Performance Comparison
In the year-to-date period, FXH achieves a 0.53% return, which is significantly lower than VHT's 2.94% return. Over the past 10 years, FXH has underperformed VHT with an annualized return of 7.75%, while VHT has yielded a comparatively higher 10.96% 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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FXH vs. VHT - Expense Ratio Comparison
FXH has a 0.61% expense ratio, which is higher than VHT's 0.10% expense ratio.
Risk-Adjusted Performance
FXH vs. VHT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Health Care AlphaDEX Fund (FXH) 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
FXH vs. VHT - Dividend Comparison
FXH's dividend yield for the trailing twelve months is around 0.30%, less than VHT's 1.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXH First Trust Health Care AlphaDEX Fund | 0.30% | 0.24% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% |
VHT Vanguard Health Care ETF | 1.35% | 1.36% | 1.33% | 1.14% | 1.21% | 1.89% | 1.38% | 1.31% | 1.45% | 1.22% | 1.02% | 1.12% |
Drawdowns
FXH vs. VHT - Drawdown Comparison
The maximum FXH drawdown since its inception was -43.70%, which is greater than VHT's maximum drawdown of -39.12%. Use the drawdown chart below to compare losses from any high point for FXH and VHT. For additional features, visit the drawdowns tool.
Volatility
FXH vs. VHT - Volatility Comparison
First Trust Health Care AlphaDEX Fund (FXH) has a higher volatility of 4.02% compared to Vanguard Health Care ETF (VHT) at 3.22%. This indicates that FXH's price experiences larger fluctuations and is considered to be riskier than VHT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.