MEDI vs. FTXH
Compare and contrast key facts about Harbor Health Care ETF (MEDI) and First Trust Nasdaq Pharmaceuticals ETF (FTXH).
MEDI and FTXH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MEDI is an actively managed fund by Harbor. It was launched on Nov 16, 2022. FTXH is a passively managed fund by First Trust that tracks the performance of the Nasdaq U.S. Smart Pharmaceuticals Index. It was launched on Sep 20, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MEDI or FTXH.
Key characteristics
| MEDI | FTXH | |
|---|---|---|
| YTD Return | 12.76% | 11.27% |
| 1Y Return | 23.90% | 13.28% |
| Sharpe Ratio | 1.49 | 0.99 |
| Daily Std Dev | 15.65% | 13.11% |
| Max Drawdown | -9.16% | -32.11% |
| Current Drawdown | 0.00% | -0.84% |
Correlation
The correlation between MEDI and FTXH is 0.71, 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
MEDI vs. FTXH - Performance Comparison
In the year-to-date period, MEDI achieves a 12.76% return, which is significantly higher than FTXH's 11.27% 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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MEDI vs. FTXH - Expense Ratio Comparison
MEDI has a 0.80% expense ratio, which is higher than FTXH's 0.60% expense ratio.
Risk-Adjusted Performance
MEDI vs. FTXH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Health Care ETF (MEDI) and First Trust Nasdaq Pharmaceuticals ETF (FTXH). 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
MEDI vs. FTXH - Dividend Comparison
MEDI's dividend yield for the trailing twelve months is around 0.59%, less than FTXH's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
MEDI Harbor Health Care ETF | 0.59% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTXH First Trust Nasdaq Pharmaceuticals ETF | 1.33% | 1.55% | 1.11% | 1.03% | 0.82% | 0.67% | 0.91% | 2.18% | 0.16% |
Drawdowns
MEDI vs. FTXH - Drawdown Comparison
The maximum MEDI drawdown since its inception was -9.16%, smaller than the maximum FTXH drawdown of -32.11%. Use the drawdown chart below to compare losses from any high point for MEDI and FTXH. For additional features, visit the drawdowns tool.
Volatility
MEDI vs. FTXH - Volatility Comparison
Harbor Health Care ETF (MEDI) has a higher volatility of 4.80% compared to First Trust Nasdaq Pharmaceuticals ETF (FTXH) at 3.29%. This indicates that MEDI's price experiences larger fluctuations and is considered to be riskier than FTXH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.