MEDX vs. VHT
Compare and contrast key facts about Horizon Kinetics Medical ETF (MEDX) and Vanguard Health Care ETF (VHT).
MEDX and VHT 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. VHT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Health Care 25/50 Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MEDX or VHT.
Correlation
The correlation between MEDX and VHT is 0.77, 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. VHT - Performance Comparison
Key characteristics
MEDX:
-0.19
VHT:
0.24
MEDX:
-0.17
VHT:
0.42
MEDX:
0.98
VHT:
1.05
MEDX:
-0.15
VHT:
0.23
MEDX:
-0.34
VHT:
0.60
MEDX:
8.11%
VHT:
4.74%
MEDX:
14.30%
VHT:
11.64%
MEDX:
-17.83%
VHT:
-39.12%
MEDX:
-9.71%
VHT:
-5.69%
Returns By Period
In the year-to-date period, MEDX achieves a 8.27% return, which is significantly higher than VHT's 6.28% return.
MEDX
8.27%
9.89%
-9.16%
-2.03%
N/A
N/A
VHT
6.28%
4.29%
-4.31%
3.04%
8.11%
8.86%
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MEDX vs. VHT - Expense Ratio Comparison
MEDX has a 0.85% expense ratio, which is higher than VHT's 0.10% expense ratio.
Risk-Adjusted Performance
MEDX vs. VHT — Risk-Adjusted Performance Rank
MEDX
VHT
MEDX vs. VHT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Medical ETF (MEDX) and Vanguard Health Care ETF (VHT). 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. VHT - Dividend Comparison
MEDX's dividend yield for the trailing twelve months is around 1.77%, more than VHT's 1.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEDX Horizon Kinetics Medical ETF | 1.77% | 1.92% | 5.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VHT Vanguard Health Care ETF | 1.44% | 1.53% | 1.36% | 1.33% | 1.14% | 1.21% | 1.89% | 1.38% | 1.31% | 1.45% | 1.22% | 1.02% |
Drawdowns
MEDX vs. VHT - Drawdown Comparison
The maximum MEDX drawdown since its inception was -17.83%, smaller than the maximum VHT drawdown of -39.12%. Use the drawdown chart below to compare losses from any high point for MEDX and VHT. For additional features, visit the drawdowns tool.
Volatility
MEDX vs. VHT - Volatility Comparison
Horizon Kinetics Medical ETF (MEDX) and Vanguard Health Care ETF (VHT) have volatilities of 3.98% and 3.97%, 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.