MEDI vs. MEDX
Compare and contrast key facts about Harbor Health Care ETF (MEDI) and Horizon Kinetics Medical ETF (MEDX).
MEDI and MEDX 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. MEDX is an actively managed fund by Horizon. It was launched on Sep 30, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MEDI or MEDX.
Key characteristics
| MEDI | MEDX | |
|---|---|---|
| YTD Return | 7.89% | 5.26% |
| 1Y Return | 24.84% | 11.31% |
| Sharpe Ratio | 1.68 | 0.81 |
| Sortino Ratio | 2.41 | 1.20 |
| Omega Ratio | 1.30 | 1.15 |
| Calmar Ratio | 2.77 | 0.84 |
| Martin Ratio | 6.05 | 2.77 |
| Ulcer Index | 4.19% | 4.04% |
| Daily Std Dev | 15.09% | 13.81% |
| Max Drawdown | -9.16% | -15.48% |
| Current Drawdown | -5.76% | -7.90% |
Correlation
The correlation between MEDI and MEDX is 0.68, 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
MEDI vs. MEDX - Performance Comparison
In the year-to-date period, MEDI achieves a 7.89% return, which is significantly higher than MEDX's 5.26% 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. MEDX - Expense Ratio Comparison
MEDI has a 0.80% expense ratio, which is lower than MEDX's 0.85% expense ratio.
Risk-Adjusted Performance
MEDI vs. MEDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Health Care ETF (MEDI) and Horizon Kinetics Medical ETF (MEDX). 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. MEDX - Dividend Comparison
MEDI's dividend yield for the trailing twelve months is around 0.61%, less than MEDX's 5.59% yield.
| TTM | 2023 | |
|---|---|---|
MEDI Harbor Health Care ETF | 0.61% | 0.66% |
MEDX Horizon Kinetics Medical ETF | 5.59% | 5.88% |
Drawdowns
MEDI vs. MEDX - Drawdown Comparison
The maximum MEDI drawdown since its inception was -9.16%, smaller than the maximum MEDX drawdown of -15.48%. Use the drawdown chart below to compare losses from any high point for MEDI and MEDX. For additional features, visit the drawdowns tool.
Volatility
MEDI vs. MEDX - Volatility Comparison
Harbor Health Care ETF (MEDI) has a higher volatility of 3.54% compared to Horizon Kinetics Medical ETF (MEDX) at 3.37%. This indicates that MEDI's price experiences larger fluctuations and is considered to be riskier than MEDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.