MEDX vs. MEDI
Compare and contrast key facts about Horizon Kinetics Medical ETF (MEDX) and Harbor Health Care ETF (MEDI).
MEDX and MEDI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MEDX is an actively managed fund by Horizon. It was launched on Sep 30, 1999. 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: MEDX or MEDI.
Correlation
The correlation between MEDX 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
MEDX vs. MEDI - Performance Comparison
Key characteristics
MEDX:
-0.12
MEDI:
0.11
MEDX:
-0.07
MEDI:
0.27
MEDX:
0.99
MEDI:
1.03
MEDX:
-0.09
MEDI:
0.14
MEDX:
-0.21
MEDI:
0.28
MEDX:
8.15%
MEDI:
6.09%
MEDX:
14.27%
MEDI:
16.28%
MEDX:
-17.83%
MEDI:
-12.29%
MEDX:
-9.40%
MEDI:
-4.59%
Returns By Period
The year-to-date returns for both stocks are quite close, with MEDX having a 8.64% return and MEDI slightly lower at 8.60%.
MEDX
8.64%
8.10%
-8.88%
-3.04%
N/A
N/A
MEDI
8.60%
3.53%
-1.61%
-0.01%
N/A
N/A
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MEDX vs. MEDI - Expense Ratio Comparison
MEDX has a 0.85% expense ratio, which is higher than MEDI's 0.80% expense ratio.
Risk-Adjusted Performance
MEDX vs. MEDI — Risk-Adjusted Performance Rank
MEDX
MEDI
MEDX vs. MEDI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Medical ETF (MEDX) 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
MEDX vs. MEDI - Dividend Comparison
MEDX's dividend yield for the trailing twelve months is around 1.77%, more than MEDI's 0.50% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
MEDX Horizon Kinetics Medical ETF | 1.77% | 1.92% | 5.88% |
MEDI Harbor Health Care ETF | 0.50% | 0.54% | 1.86% |
Drawdowns
MEDX vs. MEDI - Drawdown Comparison
The maximum MEDX drawdown since its inception was -17.83%, which is greater than MEDI's maximum drawdown of -12.29%. Use the drawdown chart below to compare losses from any high point for MEDX and MEDI. For additional features, visit the drawdowns tool.
Volatility
MEDX vs. MEDI - Volatility Comparison
The current volatility for Horizon Kinetics Medical ETF (MEDX) is 3.80%, while Harbor Health Care ETF (MEDI) has a volatility of 5.75%. This indicates that MEDX 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.