HTHIY vs. IVOG

Last updated Jun 25, 2026

HTHIY (Hitachi Ltd ADR) is a stock, while IVOG (Vanguard S&P Mid-Cap 400 Growth ETF) is Small Cap Growth Equities fund tracking the S&P MidCap 400 Growth Index. Over the past 10 years, HTHIY returned 21.50%/yr vs 11.92%/yr for IVOG. At a 0.43 correlation, their price movements are largely independent.

Performance

HTHIY vs. IVOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hitachi Ltd ADR (HTHIY) and Vanguard S&P Mid-Cap 400 Growth ETF (IVOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HTHIY achieves a -6.70% return, which is significantly lower than IVOG's 18.88% return. Over the past 10 years, HTHIY has outperformed IVOG with an annualized return of 21.50%, while IVOG has yielded a comparatively lower 11.92% annualized return.

HTHIY

• 1D: -0.92%
• 1M: -7.88%
• YTD: -6.70%
• 6M: -9.65%
• 1Y: 5.24%
• 3Y*: 34.63%
• 5Y*: 20.55%
• 10Y*: 21.50%

IVOG

• 1D: 0.10%
• 1M: 2.65%
• YTD: 18.88%
• 6M: 15.91%
• 1Y: 28.68%
• 3Y*: 17.82%
• 5Y*: 8.12%
• 10Y*: 11.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HTHIY vs. IVOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HTHIY Hitachi Ltd ADR	-6.70%	26.95%	71.97%	43.04%	-6.74%	36.49%	-5.96%	59.42%	-32.14%	47.89%
IVOG Vanguard S&P Mid-Cap 400 Growth ETF	18.88%	7.34%	15.62%	17.36%	-19.08%	18.85%	22.60%	26.13%	-10.58%	19.90%

Correlation

The correlation between HTHIY and IVOG is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Apr 27, 2012	0.43

Return for Risk

HTHIY vs. IVOG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HTHIY

HTHIY Risk / Return Rank: 46
HTHIY Sharpe Ratio Rank: 48
HTHIY Sortino Ratio Rank: 43
HTHIY Omega Ratio Rank: 43
HTHIY Calmar Ratio Rank: 48
HTHIY Martin Ratio Rank: 48

IVOG

IVOG Risk / Return Rank: 59
IVOG Sharpe Ratio Rank: 53
IVOG Sortino Ratio Rank: 54
IVOG Omega Ratio Rank: 50
IVOG Calmar Ratio Rank: 67
IVOG Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HTHIY vs. IVOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hitachi Ltd ADR (HTHIY) and Vanguard S&P Mid-Cap 400 Growth ETF (IVOG). 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.

	HTHIY	IVOG	Difference
Sharpe ratio: Return per unit of total volatility	0.13	1.63	-1.50
Sortino ratio: Return per unit of downside risk	0.47	2.35	-1.88
Omega ratio: Gain probability vs. loss probability	1.06	1.29	-0.23
Calmar ratio: Return relative to maximum drawdown	0.20	2.97	-2.77
Martin ratio: Return relative to average drawdown	0.40	11.57	-11.16

HTHIY vs. IVOG - Sharpe Ratio Comparison

The current HTHIY Sharpe Ratio is 0.13, which is lower than the IVOG Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of HTHIY and IVOG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HTHIY vs. IVOG - Drawdown Comparison

The maximum HTHIY drawdown since its inception was -52.86%, which is greater than IVOG's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for HTHIY and IVOG.

Drawdown Indicators

	HTHIY	IVOG	Difference
Max Drawdown Largest peak-to-trough decline	-52.86%	-39.32%	-13.54%
Max Drawdown (1Y) Largest decline over 1 year	-26.43%	-9.69%	-16.74%
Max Drawdown (3Y) Largest decline over 3 years	-34.05%	-25.61%	-8.44%
Max Drawdown (5Y) Largest decline over 5 years	-35.47%	-29.31%	-6.16%
Max Drawdown (10Y) Largest decline over 10 years	-44.98%	-39.32%	-5.66%
Current Drawdown Current decline from peak	-23.76%	-1.48%	-22.28%
Average Drawdown Average peak-to-trough decline	-15.85%	-5.86%	-9.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.01%	2.49%	+10.52%

Volatility

HTHIY vs. IVOG - Volatility Comparison

Hitachi Ltd ADR (HTHIY) has a higher volatility of 10.93% compared to Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) at 5.76%. This indicates that HTHIY's price experiences larger fluctuations and is considered to be riskier than IVOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HTHIY	IVOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.93%	5.76%	+5.17%
Volatility (6M) Calculated over the trailing 6-month period	32.11%	13.87%	+18.24%
Volatility (1Y) Calculated over the trailing 1-year period	40.63%	17.68%	+22.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.47%	20.70%	+13.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.40%	20.61%	+10.79%

Dividends

HTHIY vs. IVOG - Dividend Comparison

HTHIY has not paid dividends to shareholders, while IVOG's dividend yield for the trailing twelve months is around 0.54%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HTHIY Hitachi Ltd ADR	0.00%	0.49%	0.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.70%	1.99%	0.00%
IVOG Vanguard S&P Mid-Cap 400 Growth ETF	0.54%	0.64%	0.79%	1.15%	1.05%	0.47%	0.74%	1.17%	1.01%	0.93%	1.11%	1.04%

Frequently Asked Questions

Can I hold both HTHIY and IVOG in my portfolio?

HTHIY and IVOG have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HTHIY or IVOG?

HTHIY has higher volatility (10.93%) compared to IVOG (5.76%). In terms of maximum drawdown, HTHIY dropped -52.86% vs IVOG's -39.32%.

Which has better risk-adjusted returns?

IVOG currently has the higher Sharpe Ratio (1.63 vs 0.13), 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.