GGHCX vs. VGHAX
GGHCX (Invesco Health Care Fund) and VGHAX (Vanguard Health Care Fund Admiral Shares) are both Health & Biotech Equities funds. Over the past 10 years, GGHCX returned 6.89%/yr vs 9.14%/yr for VGHAX. Their correlation of 0.92 means they have usually moved in the same direction. GGHCX charges 1.04%/yr vs 0.27%/yr for VGHAX.
Performance
GGHCX vs. VGHAX - Performance Comparison
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Returns By Period
In the year-to-date period, GGHCX achieves a 1.86% return, which is significantly lower than VGHAX's 3.46% return. Over the past 10 years, GGHCX has underperformed VGHAX with an annualized return of 6.89%, while VGHAX has yielded a comparatively higher 9.14% annualized return.
GGHCX
- 1D
- -1.60%
- 1M
- -4.20%
- 6M
- 2.25%
- YTD
- 1.86%
- 1Y
- 16.64%
- 3Y*
- 7.68%
- 5Y*
- 2.38%
- 10Y*
- 6.89%
- ALL TIME*
- 9.93%
VGHAX
- 1D
- -0.97%
- 1M
- -3.77%
- 6M
- 2.42%
- YTD
- 3.46%
- 1Y
- 27.41%
- 3Y*
- 11.48%
- 5Y*
- 7.75%
- 10Y*
- 9.14%
- ALL TIME*
- 10.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GGHCX vs. VGHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GGHCX Invesco Health Care Fund | 1.86% | 15.48% | 3.96% | 3.05% | -13.53% | 12.05% | 14.52% | 32.01% | 0.27% | 15.51% |
VGHAX Vanguard Health Care Fund Admiral Shares | 3.46% | 19.72% | 9.10% | 5.51% | -1.00% | 12.82% | 12.62% | 22.99% | 1.07% | 19.64% |
Correlation
The correlation between GGHCX and VGHAX is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2001 | 0.92 |
The correlation between GGHCX and VGHAX has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
GGHCX vs. VGHAX — Risk / Return Rank
GGHCX
VGHAX
GGHCX vs. VGHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Health Care Fund (GGHCX) and Vanguard Health Care Fund Admiral Shares (VGHAX). 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.
| GGHCX | VGHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.32 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 3.11 | -1.83 |
| Martin ratioReturn relative to average drawdown | 2.79 | 8.16 | -5.37 |
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Drawdowns
GGHCX vs. VGHAX - Drawdown Comparison
The maximum GGHCX drawdown since its inception was -40.23%, which is greater than VGHAX's maximum drawdown of -36.85%. Use the drawdown chart below to compare losses from any high point for GGHCX and VGHAX.
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Drawdown Indicators
| GGHCX | VGHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.23% | -36.85% | -3.38% |
Max Drawdown (1Y)Largest decline over 1 year | -13.53% | -9.19% | -4.34% |
Max Drawdown (3Y)Largest decline over 3 years | -16.86% | -16.05% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -25.37% | -16.92% | -8.45% |
Max Drawdown (10Y)Largest decline over 10 years | -29.34% | -27.17% | -2.17% |
Current DrawdownCurrent decline from peak | -4.48% | -4.40% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -5.59% | -3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.16% | 3.49% | +2.67% |
Volatility
GGHCX vs. VGHAX - Volatility Comparison
Invesco Health Care Fund (GGHCX) and Vanguard Health Care Fund Admiral Shares (VGHAX) have volatilities of 5.37% and 5.53%, 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
| GGHCX | VGHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 5.53% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 11.70% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.36% | 15.43% | -1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.72% | 18.31% | -2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.45% | 17.62% | -0.17% |
GGHCX vs. VGHAX - Expense Ratio Comparison
GGHCX has a 1.04% expense ratio, which is higher than VGHAX's 0.27% expense ratio.
Dividends
GGHCX vs. VGHAX - Dividend Comparison
GGHCX's dividend yield for the trailing twelve months is around 5.58%, less than VGHAX's 6.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGHCX Invesco Health Care Fund | 5.58% | 5.69% | 5.17% | 0.00% | 0.00% | 24.69% | 6.44% | 3.51% | 8.81% | 6.88% | 2.24% | 15.07% |
VGHAX Vanguard Health Care Fund Admiral Shares | 6.45% | 6.07% | 22.84% | 7.22% | 5.49% | 7.05% | 8.02% | 11.87% | 9.15% | 7.36% | 8.60% | 8.21% |
Frequently Asked Questions
With a correlation of 0.92, GGHCX and VGHAX 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.
VGHAX has higher volatility (5.53%) compared to GGHCX (5.37%). In terms of maximum drawdown, GGHCX dropped -40.23% vs VGHAX's -36.85%.
VGHAX currently has the higher Sharpe Ratio (1.87 vs 1.21), 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.
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