HART vs. MEDI
Compare and contrast key facts about IQ Healthy Hearts ETF (HART) and Harbor Health Care ETF (MEDI).
HART and MEDI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HART is a passively managed fund by New York Life that tracks the performance of the IQ Candriam Healthy Hearts Index. It was launched on Jan 14, 2021. MEDI is an actively managed fund by Harbor. It was launched on Nov 16, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HART or MEDI.
Key characteristics
| HART | MEDI | |
|---|---|---|
| YTD Return | 15.34% | 9.31% |
| 1Y Return | 18.90% | 20.74% |
| Sharpe Ratio | 1.72 | 1.42 |
| Daily Std Dev | 11.24% | 15.43% |
| Max Drawdown | -17.40% | -9.16% |
| Current Drawdown | -1.36% | -2.19% |
Correlation
The correlation between HART and MEDI is 0.70, 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
HART vs. MEDI - Performance Comparison
In the year-to-date period, HART achieves a 15.34% return, which is significantly higher than MEDI's 9.31% 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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HART vs. MEDI - Expense Ratio Comparison
HART has a 0.45% expense ratio, which is lower than MEDI's 0.80% expense ratio.
Risk-Adjusted Performance
HART vs. MEDI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Healthy Hearts ETF (HART) and Harbor Health Care ETF (MEDI). 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
HART vs. MEDI - Dividend Comparison
HART's dividend yield for the trailing twelve months is around 1.10%, more than MEDI's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
HART IQ Healthy Hearts ETF | 0.83% | 1.20% | 1.27% | 0.98% |
MEDI Harbor Health Care ETF | 0.60% | 0.66% | 0.00% | 0.00% |
Drawdowns
HART vs. MEDI - Drawdown Comparison
The maximum HART drawdown since its inception was -17.40%, which is greater than MEDI's maximum drawdown of -9.16%. Use the drawdown chart below to compare losses from any high point for HART and MEDI. For additional features, visit the drawdowns tool.
Volatility
HART vs. MEDI - Volatility Comparison
The current volatility for IQ Healthy Hearts ETF (HART) is 2.60%, while Harbor Health Care ETF (MEDI) has a volatility of 3.85%. This indicates that HART experiences smaller price fluctuations and is considered to be less risky than MEDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.