LHX vs. VITAX
Compare and contrast key facts about L3Harris Technologies, Inc. (LHX) and Vanguard Information Technology Index Fund Admiral Shares (VITAX).
VITAX is a passively managed fund by Vanguard that tracks the performance of the MSCI US IMI Info Technology 25/50. It was launched on Mar 25, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LHX or VITAX.
Key characteristics
| LHX | VITAX | |
|---|---|---|
| YTD Return | 26.21% | 29.35% |
| 1Y Return | 45.47% | 41.43% |
| 3Y Return (Ann) | 8.22% | 12.39% |
| 5Y Return (Ann) | 7.70% | 23.00% |
| 10Y Return (Ann) | 16.35% | 20.95% |
| Sharpe Ratio | 2.59 | 1.92 |
| Sortino Ratio | 3.61 | 2.48 |
| Omega Ratio | 1.46 | 1.34 |
| Calmar Ratio | 1.59 | 2.67 |
| Martin Ratio | 15.99 | 9.62 |
| Ulcer Index | 2.93% | 4.23% |
| Daily Std Dev | 18.05% | 21.17% |
| Max Drawdown | -65.67% | -54.81% |
| Current Drawdown | -0.95% | -0.39% |
Correlation
The correlation between LHX and VITAX is 0.50, 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
LHX vs. VITAX - Performance Comparison
In the year-to-date period, LHX achieves a 26.21% return, which is significantly lower than VITAX's 29.35% return. Over the past 10 years, LHX has underperformed VITAX with an annualized return of 16.35%, while VITAX has yielded a comparatively higher 20.95% 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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Risk-Adjusted Performance
LHX vs. VITAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for L3Harris Technologies, Inc. (LHX) and Vanguard Information Technology Index Fund Admiral Shares (VITAX). 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
LHX vs. VITAX - Dividend Comparison
LHX's dividend yield for the trailing twelve months is around 1.77%, more than VITAX's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LHX L3Harris Technologies, Inc. | 1.77% | 2.17% | 2.15% | 1.91% | 1.80% | 1.45% | 1.86% | 1.55% | 2.01% | 2.23% | 2.48% | 2.26% |
VITAX Vanguard Information Technology Index Fund Admiral Shares | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.30% | 0.99% | 1.31% | 1.28% | 1.12% | 1.04% |
Drawdowns
LHX vs. VITAX - Drawdown Comparison
The maximum LHX drawdown since its inception was -65.67%, which is greater than VITAX's maximum drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for LHX and VITAX. For additional features, visit the drawdowns tool.
Volatility
LHX vs. VITAX - Volatility Comparison
L3Harris Technologies, Inc. (LHX) and Vanguard Information Technology Index Fund Admiral Shares (VITAX) have volatilities of 6.24% and 6.26%, 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.