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.
Key characteristics
| MEDX | MEDI | |
|---|---|---|
| YTD Return | 5.26% | 7.89% |
| 1Y Return | 11.31% | 24.84% |
| Sharpe Ratio | 0.81 | 1.68 |
| Sortino Ratio | 1.20 | 2.41 |
| Omega Ratio | 1.15 | 1.30 |
| Calmar Ratio | 0.84 | 2.77 |
| Martin Ratio | 2.77 | 6.05 |
| Ulcer Index | 4.04% | 4.19% |
| Daily Std Dev | 13.81% | 15.09% |
| Max Drawdown | -15.48% | -9.16% |
| Current Drawdown | -7.90% | -5.76% |
Correlation
The correlation between MEDX and MEDI 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
MEDX vs. MEDI - Performance Comparison
In the year-to-date period, MEDX achieves a 5.26% return, which is significantly lower than MEDI's 7.89% 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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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 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 5.59%, more than MEDI's 0.61% yield.
| TTM | 2023 | |
|---|---|---|
MEDX Horizon Kinetics Medical ETF | 5.59% | 5.88% |
MEDI Harbor Health Care ETF | 0.61% | 0.66% |
Drawdowns
MEDX vs. MEDI - Drawdown Comparison
The maximum MEDX drawdown since its inception was -15.48%, which is greater than MEDI's maximum drawdown of -9.16%. 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
Horizon Kinetics Medical ETF (MEDX) and Harbor Health Care ETF (MEDI) have volatilities of 3.37% and 3.54%, 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.